It’s great to see a return of postseason college basketball. Still, it feels a little different this year: Gone are the gratuitous camera shots of exhilarated (or disappointed) fans along with office pool watercooler banter as COVID-19 continues to limit social gatherings and large crowds.
However, you can still get your wagering fix. Thanks to a 2018 U.S. Supreme Court decision that overturned the federal ban on sports betting, online wagering is exploding. According to the American Gaming Association, 17.8 million Americans plan to place an online bet FOR this tournament, up significantly from 5.8 million in 2019.
Investors have taken notice: shares of mobile betting stock DraftKings (NASDAQ: DKNG) are up more than 200% since announcing its reverse merger with blank check special purpose acquisition company (SPAC) Diamond Eagle. This has investors asking when FanDuel is planning to IPO. Recent reports say this is being considered, but here’s how you can own FanDuel stock today.