CHDN - Forget GameStop: Sports betting plays could have long-term value

Wall Street continues to connect the dots on sports betting upside even as investors race in front of the big revenue and profit hauls.Morgan Stanley is even more bullish on sports legalization efforts in 2021 than it was a few weeks ago. The firm expects state legislatures in Arizona, Connecticut, Kansas, Kentucky, Louisiana, Maryland, Missouri, Ohio, Oklahoma, South Dakota to approve sports betting bills this year. Meanwhile, Iowa and Indiana are expected to see iGaming approved, and New York is forecast to have online sports betting approved. There are also developments brewing in Florida, Georgia, Minnesota and Mississippi worth watching. While just across the border, Ontario is expected to push forward with sports betting during the calendar year. Macquarie is also positive on the sports betting industry as it points to smart acquisition strategies with gaming-media partnerships between Bally's/Sinclair, Flutter/Fox, PointsBet/NBC, William Hill/CBS, CZR+DKNG/ESPN, Penn/Barstool, BetMGM/Yahoo and FDG+CZR/Turner. "Notably, these

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Forget GameStop: Sports betting plays could have long-term value