Sports are back, like really really back. Like all the way back. Like your step father trying to make friends with you back. When the NFL gets back into action, the sports world watches. And as of tomorrow, the first NFL game of the 2020/2021 season starts, with my hometown Texans playing the defending Superbowl champs, the Kansas City Chiefs. It’s a game that signifies a bit more than just football, but maybe a normalization into a world we once knew.
However, with sports being back and us at BBNM knowing that sports are big business, we think that DraftKings, MGM, Penn National Gaming, and many other technologies, sports betting sites, and gambling stocks in general will be getting a much-needed raise in the respective markets. Look, when it comes to sports, the NFL is seems to be the last word on pretty much every casino, app, and bookie around. If you want to see how the gambling world is paying off, look to the NFL. Now, I for one am no fortune teller, but when I see a major industry get shut down and build back up again, I see promise. There were plenty of stocks that could have gone bust, but for some reason the sports gambling, and casino industry in general did not die. They came back stronger.
So, look to sports betting as a sign of eternal and somewhat new life. Sports have become, and will more than likely stay, as a core of the entertainment society. As long as weekends live on, so will sports. There are major opportunities that sprout from the very idea. From athletic wear, to gambling, to software, and beyond. Sports have made a culture in themselves. Believe it or not, I think more than one industry will change in the sports game, but for now, focus on gambling.
Look, its common sense that people have been stuck inside more this year than ever. Because of this, alternatives arrive, from day drinking, to stock investing, to building a make-shift pond/pool, and even now betting on the few sports we get to see. There is an immediate need to find an avenue that suits ones needs beyond what they are used to. Sports, Stocks, and DIY projects have filled that gap for most. So, go for your draftkings, your scotts miracle grow, shit even the zoom stock. There are plenty that pay off in the pandemic, and sports are not immune to that wager. The companies that run these apps, that own these materials, that can plan for the future are the best ones to get to know. They are the companies that see just how much our world, respects, and wants, the sports world. You just win no matter where the bet goes. It’s that simple.
Anyway, that’s my take on it. Until next time.- GS
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