Americans Bet Twice As Much On Sports Last Year As Amazon Earned, Anthony Pompliano Says: Stocks And ETFs In Focus
Americans wagered twice as much on sports gambling last year as Amazon.com Inc. (NASDAQ: AMZN ) generated in net income. Pompliano Highlights Sports Betting Growth “Americans wagered 2x more money on sports gambling last year than Amazon made in net income,” investor Anthony Pompliano said in a post on X. “That is insane,” he added, comparing the scale of U.S. sports betting activity with the earnings generated by one of the world’s largest companies. Americans wagered 2x more money on sports gambling last year than Amazon made in net income. That is insane. - Anthony Pompliano 🌪 (@APompliano) June 29, 2026 Pompliano cited data from Charlie Bilello, chief market strategist at Creative Planning, who said Americans wagered more than $165 billion on sports last year. Americans bet over $165 billion on sports last year, which is more than they s...
com Inc. (NASDAQ: AMZN ) generated in net income. Pompliano Highlights Sports Betting Growth “Americans wagered 2x more money on sports gambling last year than Amazon made in net income,” investor Anthony Pompliano said in a post on X. S.
sports betting activity with the earnings generated by one of the world’s largest companies. Americans wagered 2x more money on sports gambling last year than Amazon made in net income. That is insane. - Anthony Pompliano 🌪 (@APompliano) June 29, 2026 Pompliano cited data from Charlie Bilello, chief market strategist at Creative Planning, who said Americans wagered more than $165 billion on sports last year.
Americans bet over $165 billion on sports last year, which is more than they spent on movies, books, concerts and sports tickets – combined. , while MGM Resorts International (NYSE: MGM ) and Caesars Entertainment Inc (NASDAQ: CZR ) also operate sportsbook businesses. S. Supreme Court struck down the federal ban on sports betting in 2018, allowing states to legalize wagering.
Despite continued growth in sports betting activity, several listed sportsbook operators have underperformed this year. 54%, respectively. Read Also: Ford 'Mistakenly' Thought It Could Produce 'High Quality' with AI, Now Its Reportedly Rehiring 350 Veteran Engineers: 'Results Were Not Good Enough' Sports Betting ETFs Exchange-traded funds also provide exposure to the sports betting industry. Roundhill Sports Betting & iGaming ETF (NYSE: BETZ ) holds companies including Flutter Entertainment, DraftKings and MGM Resorts.
23% year to date. 03% so far this year. 74% in extended trading. edge rankings indicate DKNG has a Momentum score in the 11th percentile and a Growth score in the 31st percentile.
Read Also: Mark Zandi Says US Economy Is Flashing 'Yellow Flares,' Warns Consumers Struggle Despite 2% Growth And AI Boom Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors. Photo courtesy: Shutterstock