DIS Disney who owns ESPN has a few commonalities with sports betting and that's the NFL season ( Sept. - Feb.)
* Last Sept. to Feb was a strong run for the markets, so comparisons used here to show sector trend. * Overlay SP500, NAS100 to know better than market * Overlay sports betting Churchill Downs (CHDN), Penn Gaming (PENN), and Boyds (BYD) Gaming * Current trend is with US states approving sports betting, not gambling is not used in legislative wordings.... * NFL season creates more betting than any other sport. ( except cricket mate...right?, Rugby7's, World Cup of Darts, no?!) * BYD pays ~ 0.7% Div., PENN no Div., and CHDN pays a ~2.3% Div, but DISNEY, who owns ESPN pays a ~ 3.0% Div. yield * BETA for betting is quite high, while DIS is low and near SP500 / NAS100 lines excluding the compounding dividend. * Don't bet, just invest. This sector in risky with aggressive ups.
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