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

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

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.

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