Missouri Sports Betting Launch: Missouri officially launched legal sports betting on December 1, 2024, with an expected first-year handle of $3.5 billion to $4.0 billion, supported by national brands and local partnerships.
Regulatory Framework: The legalization, driven by voter-approved Amendment 2, allows for up to 14 online licenses, with the Missouri Gaming Commission overseeing licensing and compliance.
Market Competition: Major online operators like bet365, BetMGM, and DraftKings are expected to launch, utilizing aggressive promotions to capture market share during a busy sports calendar.
Future of Sports Betting: Analysts predict that all 50 states may legalize sports betting within five years, influenced by the rise of prediction market platforms and ongoing legislative efforts in various states.
Wall Street analysts forecast BETZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BETZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast BETZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BETZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 19.270
Low
Averages
High
Current: 19.270
Low
Averages
High
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
