Gambling stocks are terrible investments

[jjgold]

The majority of gotten destroyed the last five years other than some worldwide brands that have landline casinos all over the world


I didn’t realize DraftKings has gotten destroyed the last five years FanDuel’s up 10% the last five years. The SP is up 92% the same time.


Pen gaming’s on the verge of bankruptcy


MGM and Sands solid, but there are worldwide brands

 

[samsncharge99]

gambling on gambling stocks. what a concept

 

[jjgold]

Yeh


I think these companies realize there’s no money in sports betting

 

[Tanko]

Can you imagine buying Penn Entertainment (Penn Gaming) 5 years ago?
Hit ~$120 and is now $16 a share 5 years later.

This is the company that bought Barstool from Portnoy for $0.5 BILLION and then gave it back to him for $1.
Then they make a deal with ESPN for ESPN bet for $2 BILLION for 10 years to only see it collapse after 2 years.

 

[Reload]

Tough for them to make money. Too many hands in the cookie jar and constant variance.

 

[jjgold]

There’s too many fees in the United States. The first thing I would do if I was FanDuel and DraftKings is eliminate all the personalities an absolute waste of money that’s not even moving the needle and I would also cut down on advertising.

 

[ktollinche]

I just started to listen to local sports radio again...

Damn!! Every other commercial is gambling companies!

(no wonder they limit everyone that is not a stone cold loser)

 

[jamesy2422]

There’s too many fees in the United States. The first thing I would do if I was FanDuel and DraftKings is eliminate all the personalities an absolute waste of money that’s not even moving the needle and I would also cut down on advertising.

JJ Buffet

You are not wrong though. Barstool and Kevin Hart are not making people go to DK. Gronk and Kay Adams are not making people go to Fanduel.

It is not a hard concept. Have a nice interface with good bonuses and loyalty programs. The problem is domestic books don't want to give much. Why limit 50% boosts and bonus bets to only $5? Why not reward everyone's play?