After A Steep Fall, Is Penn National Gaming Stock A Reasonable Pick? forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
By Anthony Crupi - sports.yahoo.com
According to Nielsen ad-spend data, online sportsbooks and gambling sites in the first quarter poured $153.6 million into local station coffers, an investment that has made the nascent industry one of the biggest players in the spot TV space.
If much of the early chatter regarding legalized gambling’s effect on the U.S. sports industry is informed by a sort of technocratic wishful thinking until the live-streaming experience earns its prefix, in-game betting remains a hyped-up hypothetical the emerging segment already looks like a winner for local TV.
According to Nielsen ad-spend data, online sportsbooks and gambling sites in the first quarter poured $153.6 million into local station coffers, an investment that has made the nascent industry one of the biggest players in the spot TV space.
Author Bio
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You ll often find him writing about stocks in the consumer goods and technology sectors. Follow @TMFParkev
Penn National Gaming (NASDAQ:PENN) is set to report first-quarter earnings on May 6. The company, which operates gaming properties across the U.S. and the popular Barstool Sportsbook online gaming app, hopes to bounce back after the disruption to its business from COVID-19.
Nearly 150 million Americans have received at least one dose of a vaccine against the coronavirus. That s giving people more confidence to visit places like casinos. Still, the bigger story for Penn National Gaming shareholders is the progress of its sports-betting business. The segment is growing rapidly and has more potential in the long run than the company s trad
Author Bio
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You ll often find him writing about stocks in the consumer goods and technology sectors. Follow @TMFParkev
Penn National Gaming (NASDAQ:PENN) is set to report first-quarter earnings on May 6. The company, which operates gaming properties across the U.S. and the popular Barstool Sportsbook online gaming app, hopes to bounce back after the disruption to its business from COVID-19.
Nearly 150 million Americans have received at least one dose of a vaccine against the coronavirus. That s giving people more confidence to visit places like casinos. Still, the bigger story for Penn National Gaming shareholders is the progress of its sports-betting business. The segment is growing rapidly and has more potential in the long run than the company s trad