Watching Shares Of Sports Betting Companies; Traders Circulate "The U.S. Supreme Court Has Denied The Petition To Hear The Florida Sports Betting Case. The Gaming Compact Allowing Online Sports Betting In Florida Stands"
Portfolio Pulse from Benzinga Newsdesk
The U.S. Supreme Court has denied the petition to hear the Florida sports betting case, allowing the gaming compact that permits online sports betting in Florida to stand. This decision is likely to impact shares of several sports betting companies.
June 17, 2024 | 1:40 pm
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POSITIVE IMPACT
DraftKings is likely to benefit from the Supreme Court's decision as it allows online sports betting in Florida to continue.
DraftKings is a major player in the online sports betting market. The continuation of online sports betting in Florida opens up a significant market for the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
POSITIVE IMPACT
MGM Resorts International may see a positive impact from the Supreme Court's decision as it allows online sports betting in Florida to continue.
MGM Resorts International has a significant presence in the sports betting market. The decision to allow online sports betting in Florida could boost their revenues.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Penn National Gaming is likely to benefit from the Supreme Court's decision as it allows online sports betting in Florida to continue.
Penn National Gaming is a key player in the sports betting industry. The continuation of online sports betting in Florida provides a growth opportunity for the company.
CONFIDENCE 88
IMPORTANCE 85
RELEVANCE 75
POSITIVE IMPACT
Rush Street Interactive may see a positive impact from the Supreme Court's decision as it allows online sports betting in Florida to continue.
Rush Street Interactive is involved in the online sports betting market. The decision to allow online sports betting in Florida could enhance their market presence.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 65
POSITIVE IMPACT
Wynn Resorts may see a positive impact from the Supreme Court's decision as it allows online sports betting in Florida to continue.
Wynn Resorts has a stake in the sports betting market. The continuation of online sports betting in Florida could positively impact their business.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60