Americans Bet Twice As Much On Sports Last Year As Amazon Earned, Anthony Pompliano Says: Stocks And ETFs In Focus

Benzinga_recent_news

06/29

Americans wagered twice as much on sports gambling last year as Amazon.com Inc. (NASDAQ:AMZN) generated in net income. “Americans wagered 2x more money on sports gambling last year than Amazon made in...

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Pompliano)表示，去年美国人在体育上的赌注是亚马逊收入的两倍：股票和ETF成为焦点","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/87fd98357bf2c34d6ce495b89dd7084c","symbols_score_info":{"AZYY":0.6,"DKUP":0.6,"AMZP":0.6,"AMZN":1.87,"AMZY":0.6,"AMZW":0.6,"AMZU":0.6,"DKNX":0.6,"AMZZ":0.6,"DRAY":0.6,"DKNG":1.91,"USAW.SI":0.6,"AMZD":0.6},"content_text":"Americans wagered twice as much on sports gambling last year as Amazon.com Inc. (NASDAQ:AMZN) generated in net income.\n“Americans wagered 2x more money on sports gambling last year than Amazon made in net income,” investor Anthony Pompliano said in a post on X.\n“That is insane,” he added, comparing the scale of U.S. sports betting activity with the earnings generated by one of the world’s largest companies.\nPompliano cited data from Charlie Bilello, chief market strategist at Creative Planning, who said Americans wagered more than $165 billion on sports last year. \nThe industry has expanded rapidly since the U.S. Supreme Court struck down the federal ban on sports betting in 2018, allowing states to legalize wagering. \nDespite continued growth in sports betting activity, several listed sportsbook operators have underperformed this year.\nShares of DraftKings have fallen 27.93% year to date and 40.08% over the past year, while Flutter has declined 52.27% and 63.54%, respectively.\nThe Defiance Daily Target 2X Long DKNG ETF (NASDAQ:DKNX), meanwhile, offers leveraged exposure tied to DraftKings’ daily performance and has fallen 60.03% so far this year. \nPrice Action: On Friday, DraftKings closed 11.26% higher at $25.70, and fell 0.74% in extended trading. \nBenzinga edge rankings indicate DKNG has a Momentum score in the 11th percentile and a Growth score in the 31st percentile. \nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nPhoto courtesy: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}