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Eric Cuka’s Blog

My blog is a central repository for all Fired Up Wealth created content. I post unique stories, YouTube videos, Facebook page feeds, Twitter feeds, Medium stories, and other related content. I provide stock market insights, stock tips, financial news, personal finance tips, and overall global economic information. Staying on top of news and market conditions is critical for outperformance in your portfolio, and this blog will help you achieve success!
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The information provided is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs.

Top 3 iGaming / Sports Betting Stocks to Buy Now

5/21/2021

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Today I cover 3 stocks to buy now. iGaming and Legal Sports Betting have massive total addressable markets (TAM), which are covered in the video. Combined US TAM of $60 Billion! I cover Draft Kings $DKNG, Skillz $SKLZ, and Fubo TV $FUBO. These 3 stocks cover different niche areas: #DKNG: "If you're a sports fan it's hard to avoid the marketing missives of #DraftKings. The fantasy sports platform has struck deals with leagues, sports broadcasting networks, and even individual teams to boost its exposure. It's working. The number of monthly unique players on DraftKings has climbed 44% to 1.5 million over the past year. Average revenue per user has soared 55% in that time, and that brings us to the monster growth that DraftKings is bringing to the table. Reported revenue soared 146% in its latest blowout quarter, up a still-impressive 98% on a pro forma basis. DraftKings is posting this growth with some leagues playing abridged seasons in 2020 and 2021. One can only imagine how good things will get as things return to normal with DraftKings being even more ubiquitous." - https://www.nasdaq.com/articles/3-gambling-stocks-poised-for-a-bull-run-2021-03-22 #SKLZ: "#Skillz operates a mobile gaming platform, enabling creators to launch games and allowing gamers to compete for cash prizes. It's not a gambling platform since all games must be skills-based. Gamers pay an entry fee to play. From there, the developer takes a cut, Skillz takes a cut, and winners get paid as well." - https://www.fool.com/investing/2021/01/21/why-is-everyone-talking-about-fubotv-stock/ #FUBO: "Until three months ago, #fuboTV was purely an ancillary gambling play. It operates a streaming TV service with a "sports-first" approach to programming, making it a reasonable digital viewing platform for sports gamblers. The upside on that front has changed with the December acquisition of a fantasy sports specialist and a January deal for an interactive gaming company that will help it launch a sportsbook before the end of this year. There are now 547,880 premium fuboTV subscribers, a 73% increase from where it was at the start of 2020. Revenue is climbing even higher -- up 98% in its latest quarter -- with rising ad revenue and monthly fees pushing average revenue per user higher. The rollout of fantasy sports features this summer and an actual online sportsbook in the fourth quarter should keep its subscribers close. The moves will also help fuboTV stand out from rival live TV services that don't have that optionality." - https://www.nasdaq.com/articles/3-gambling-stocks-poised-for-a-bull-run-2021-03-22 You will find DKNG, SKLZ, and FUBO in popular growth ETFs / innovative technology ETF like ARKK, ARKW, ARKK, BETZ, and more! This is not legal or financial advice. Cheers! -Eric
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