Why MGM Resorts Is a Better Bet Than DraftKings in Online Gambling

Why MGM Resorts Is a Better Bet Than DraftKings in Online Gambling
Travis Hoium, The Motley Fool
·4 min read

The online gambling business has gotten a lot of attention from investors over the past year as betting has opened up in new markets and companies like DraftKings (NASDAQ: DKNG), Rush Street Interactive (NYSE: RSI), and Golden Nugget Online Gaming (NASDAQ: GNOG) have come public. The biggest is DraftKings, whose market cap is almost $25 billion, bigger than the more established MGM Resorts' (NYSE: MGM) $21 billion cap. MGM Resorts is trying to buck that trend with some large and lucrative partnerships.