Which Sportsbook Is the Better Bet: DraftKings, FanDuel, or BetMGM?

Rich Duprey, The Motley Fool
·4 min read
Which Sportsbook Is the Better Bet: DraftKings, FanDuel, or BetMGM?

Sports betting is one of the fastest growing areas of online gambling, which itself was all that managed to keep casinos afloat during the pandemic, and New Jersey has quickly become the sports betting capital of the country. Both FanDuel and DraftKings (NASDAQ: DKNG) dominate the space, owning nearly two-thirds of the market share between them, but data from analytics firm M Science shows world-class casino operator MGM Resorts (NYSE: MGM) is quickly gaining ground on the leaders as more consumers migrate to its mobile betting platform. At the end of March, BetMGM had a nearly 16% market share and was the only sports betting and online gambling outfit that had steadily grown over the past year.