5 Best Sports Betting Stocks to Buy Now

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1. Wynn Resorts, Limited (NASDAQ: WYNN)

Number of Hedge Fund Holders: 52

Known for its staggering casinos and entertainment centers, Wynn Resorts is also one of the best sports betting stocks to buy now. The $14 billion market cap company offers mobile sports wagering applications and physical sports betting centers.  Earlier in March, the company said it has received a permit from the state of Virginia for its sports betting operations. The company’s WynnBET mobile app will soon be available throughout the state.

With a $197.5 million stake in Wynn Resorts, SoMa Equity Partners owns 1.8 million shares of the company as of the end of the fourth quarter of 2020. Our database shows that 52 hedge funds held stakes in WYNN as of the end of the fourth quarter, versus 43 funds in the third quarter.

You can also take a peek at Billionaire Paul Tudor Jones’ Top 10 Stock Picks and Latest Portfolio and Cathie Wood’s Thoughts on the Future, ARK’s Portfolio and Latest Stock Picks.

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