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From: Julius Wong3/11/2023 1:50:29 PM
   of 8280
 
March Madness is here - time to buy or fade sports betting stocks?

Mar. 11, 2023 11:04 AM ET
DraftKings Inc. (DKNG) MGM, WYNN, PENN, CZR, EIHDF, GMVHF, PDYPY, FANA, GENI, SRAD
By: Clark Schultz, SA News Editor
5 Comments

DustyPixel/iStock via Getty Images

The NCAA basketball tournament will begin on March 14 with a record number of Americans forecast to place legal sports bets with new states in the mix. The latest state to legalize online sports betting was Massachusetts with apps now live for BetMGM ( MGM), Caesars Sportsbook ( CZR), DraftKings (NASDAQ: DKNG), FanDuel (PDYPPY), Penn Interactive ( PENN), and WynnBet ( WYNN) just in time for the three-week rush of tournament games. DraftKings ( DKNG) is based in Boston and has held special events in the state to commemorate the development.

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