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Sports betting companies raked in $2.
8 billion in revenue in the first quarter of 2023, a 70% increase over the same quarter a year ago.
The industry's stocks, as represented by the Roundhill Sports Betting & iGaming ETF (BETZ), have kept up with the market over the past year, gaining 6.
7% compared to the Russell 1000 Index's 7% return over the same period.
Below we look at the top three sports betting stocks in three categories: best value, fastest growth, and most momentum.
All data are as of May 16.
These are the sports betting stocks with the lowest 12-month trailing price-to-earnings (P/E) ratio.
Because profits can be returned to shareholders in the form of dividends and buybacks, a low P/E ratio shows you're paying less for each dollar of profit generated.
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