The sports betting industry continues to flourish, as the recent Super Bowl has demonstrated. Nevada sportsbooks broke new records for the Chiefs vs. 49ers overtime championship, and online gambling activity surged year-over-year. Sports betting stocks spiked, too - only for some of the biggest names in the group to sell off shortly after, in the wake of their respective earnings reports.
With more states giving sports betting the thumbs-up, we're seeing a real battle royale shape up among the big players in the industry. And now, with March Madness around the corner — a time when gambling activity is likely to skyrocket — the winners and losers are beginning to emerge.
