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Finance Preview: Barron’s Magazine – August 14, 2023

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BARRON’S MAGAZINE – AUGUST 14, 2023 ISSUE:

The Long-Shot Sports Bet That’s Saving an Industry

The Long-Shot Sports Bet That's Saving an Industry

The popularity of “parlays” means fatter profits for sites, even as gamblers pare spending.

A Smart Bet on Green Energy, With a Rising Dividend Yield

A Smart Bet on Green Energy, With a Rising Dividend Yield

NextEra Energy owns the largest renewables business in the U.S., and the biggest utility. The stock’s selloff offers an opportunity.

As Cable Shrinks, Comcast Just Looks Like More of a Buy

As Cable Shrinks, Comcast Just Looks Like More of a Buy

Comcast’s broadband network is crucial to the future of technology. Even so, its stock is cheap compared with buzzier names like Netflix, Nvidia, and Meta Platforms.

Ivy Degrees, Legacies, and Wealth. Where Colleges Should Go From Here.

Brown University economist John N. Friedman discusses the findings of a new study on the economic consequences of elite college degrees.

Analysis, Business, Games, Sports, Stories, Technology, Videos

Analysis: Rise Of Sports Betting In The U.S. (CNBC)

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Sports betting in the U.S. is booming. During the 2021 NFL season an estimated 45 million Americans are expected to wager at least $12 billion. Since a 2018 Supreme Court ruling, sports betting is now legal in more than 30 states.

A flood of new customers eager for risk and excitement has made DraftKings one of the nation’s biggest sportsbooks. In the third quarter of 2021 DraftKings revenue rose 60% from the year prior to $213 million. During that same period with mobile betting launching in several states the number of its monthly unique paying customers rose 31% to 1.3 million.

And the online sports betting and gaming industry in the U.S. is just starting to grow. As of 2021 only 4% of gross gaming revenue in the U.S. was generated online compared with 45% in a more mature market like the UK. The online sports betting market in the U.S. is expected to be worth nearly $40 billion by 2033. So what does the future look like for legal sports betting in America and what challenges lie ahead for sports betting providers like BetMGM, FanDuel and DraftKings?

Analysis, Business, Sports, Videos, Views

Inside Views: ‘The Money Behind Professional Poker Players’ (Video)

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Poker is a game of extreme variance. Professional poker players can go stretches without winning or placing at a level that earns any cash. The wins, however, can make up for the droughts with players earning thousands to millions of dollars depending on the game or tournament entered. Considering poker is an inconsistent sport, players look to offset the risk involved. This is done through staking, where an “investor” will pay a player’s way through tournaments for a piece of the action.