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Ebube Jones

Buy the Dip: This Top-Rated Cathie Wood Stock Has 39% Upside Potential

DraftKings Cathie Wood DKNG

The sports betting scene in the U.S. is on a serious hot streak. Last year, the industry raked in a cool $10.92 billion, which is a jaw-dropping 44.5% jump from the year before. This boom comes as more states give sports betting the green light. In 2023, we saw Kentucky, Maine, Massachusetts, Nebraska, and Ohio all get in on the action, adding a hefty $1.49 billion to the pot.

And the party's not over in 2024. North Carolina just rolled out online sports betting in March, and speculators are loving it. As more states jump into the fray, big names like DraftKings Inc. (DKNG), an American daily fantasy sports betting company, have emerged as attractive investment opportunities.

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