Americans love to bet on sports.

Look at the Super Bowl, for example. 

According to the American Gaming Association, $7.61 billion was bet on the Super Bowl in 2021.  In 2022, the AGA estimated that more than $8 billion would be wagered. In 2023, $16 billion was wagered. In 2024, about $23.1 billion.

With the 2025 Super Bowl nearing, we expect to see another round of big numbers.

Weeks after noting that, we’re again seeing big opportunities in sports betting stocks, including:

DraftKings (DKNG)

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DraftKings stock saw a bump ahead of the Super Bowl over the last few years.  In 2024, DKNG ran from a January low of about $32 to a high of $45.62 after the game. We expect to see more of the same ahead of the 2025 game, too.

At the moment, oversold shares of DKNG are just starting to pivot higher from support at $36. Last trading at $39.82, we’d like to see DKNG retest $45 a share heading into the big game. Helping, analysts at Morgan Stanley just raised their price targets on DKNG by $2 a share.

Sincerely,

Ian Coopoer