Follow Best Investments AlertsStart the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
Legalized sports gambling is sweeping across the United States thanks to a recent Supreme Court decision. That's creating a once-in-a-lifetime opportunity to get in ahead of the cash windfall as different states vote to legalize sports betting.
Unfortunately, the media is touting the same run-of-the-mill, has-been sports betting stocks that aren't going to make you any money.
Instead, I'll show you exactly where to go to bank profits, and it's a place you'll never hear about from a TV talking head…
On Monday (June 11), Gov. Philip Murphy (D-NJ) signed a bill legalizing sports betting in New Jersey. The announcement comes just weeks after the Supreme Court overturned a law barring states from legalizing sports gambling. Delaware, West Virginia, and Nevada have already legalized gambling, and more states are following suit.
Naturally, the mainstream press jumped all over the story.
The press began hawking any public company that could have any ties to the newly legalized pastime. CNBC and other mainstream sites have been pumping the same 20 different companies from gaming-software firm Scientific Games Corp. (Nasdaq: SGMS) to the recently bankrupt Caesars Entertainment Corp. (NYSE: CZR).
But these stock prices are already inflated, and they aren't the best ways to make money.
Today, I want to show you a totally different way to make money on legalized gambling.
This contrarian play will be sending cash right to your account, and it'll be worth even more when this next state legalizes sports gambling…
Billions of Dollars Will Start Pouring In Thanks to Sports Betting
Previously, betters had to travel to Vegas or look for a black-market bookie if they wanted to place a wager on sports.
But thanks to the landmark Supreme Court ruling in May that opened up state-sanctioned gambling, that's all going to change…
Elected officials in 14 states – including California, Maryland, Illinois, and Michigan – have introduced bills to legalize sports wagering.
By 2020, there could be 20 states that cash in on sports betting, syphoning money away from the $57 billion black market, all for themselves.
Stunning Video Footage: Watch this guy become $4,238 richer in under a minute – then follow his simple instructions to learn how you could pocket a potential $2,918 in just one move. Click here…
Now, I know owning stocks in casinos and racetracks seems like the fastest way to make money.
But I'm sorry, overpaying for them is not what I do.
I'm looking for value…
And I'm not talking about some decrepit gambling facility with cocktail waitresses in ill-fitting outfits waiting for legalized sports betting to take their casino off life support.
The investment I like is one you won't hear about in the mainstream media.
You see, I've figured out how to tap into the huge, billion-dollar tax streams created by this law.
That's where the real money is.
Fortunately, there's a way for retail investors to get in on the action and make a killing…
Here's Where the Real Money Is in Sports Betting
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.