Top sports betting stocks have rebounded in recent weeks, supported by the NBA Finals and the FIFA World Cup.
DraftKings and Flutter Entertainment Stocks Rise During World Cup DraftKings (NASDAQ:DKNG) stock jumped to $29, up by 42% from its lowest point this year.
Similarly, Flutter Entertainment (NYSE:FLUT), the parent company of Fanduel, Betfair, Sisal, and Paddy Power, rose to $110 from the year-to-date low of $91.
These companies are doing well as analysts predict that sports betting on the FIFA World Cup will be the highest on record.
A recent report by Eilers & Krejcik Gaming predicted that Americans will wager $4.4 billion during the tournament.
