{"id":161772,"date":"2021-01-19T09:54:10","date_gmt":"2021-01-19T17:54:10","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=161772"},"modified":"2021-01-19T11:56:23","modified_gmt":"2021-01-19T19:56:23","slug":"ark-invest-has-some-massive-esports-sports-betting-forecasts","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/ark-invest-has-some-massive-esports-sports-betting-forecasts\/","title":{"rendered":"ARK Invest, Famed Tesla Supporter, Sees Online Sports Betting Handle Swelling to $180 Billion"},"content":{"rendered":"

Cathie Wood’s ARK Investment Management is bullish on the growth trajectories of the esports, fantasy sports, and online sports wagering industries.<\/p>\n

\"ARK
ARK Invest founder Cathie Wood. Her firm has some big estimates on sports betting growth. (Image: MarketWatch<\/em>)<\/figcaption><\/figure>\n

For operators and investors alike, ARK’s call is meaningful. This is because the New York-based asset manager and exchange-traded funds (ETFs) issuer is renowned for identifying disruptive companies before share prices significantly appreciate.<\/p>\n

They are also known for making growth forecasts — many of which are ultimately validated — that are well beyond Wall Street consensus.<\/strong><\/p>\n

A prime example of the firm’s foresight is Wood’s now famous 2018 call that Tesla (NASDAQ:TSLA) would ascend to $4,000 amid increasing adoption of electric vehicles. At the time, the forecast was controversial and drew derision. But it was ultimately proven accurate, as Elon Musk’s recently hit that level on a split-adjusted basis<\/a>.<\/p>\n

Online Sports Betting Boom<\/h2>\n

Now the firm is projecting massive growth for esports and online sports betting.<\/p>\n

Augmenting fantasy sports and e-sports, legalized online sports betting is giving companies — and the leagues themselves — an opportunity to offer exciting interactive experiences and generate new sources of revenues,\u201d said ARK analyst Nicholas Grous in a research report.<\/p><\/blockquote>\n

The enthusiasm jibes with what’s been seen on Wall Street for a year now, with analysts lauding<\/a> the sports betting opportunity set and investors bidding the related equities higher in the process.<\/p>\n

Mega Forecast<\/h2>\n

Projections for domestic sports wagering are rooted in the expectations that more states will legalize the activity as a means of increasing revenue. While that’s a singular, oft-cited catalyst, estimates regarding outcomes<\/a> vary wildly.<\/p>\n

\n

On the more reserved side of the spectrum, some analysts say the US sports betting market could be worth $15 billion to $20 billion over the next several years. Others believe the figure will be at least $30 billion, and perhaps flirt with or top $40 billion by 2025, assuming broad-based legalization. Projecting robust yearly growth, ARK’s forecast is at the high end.<\/p>\n<\/div>\n

\u201cWe believe revenues in the three sports betting categories combined could grow 31 percent at a compound annual rate from $9.5 billion last year to $37 billion in 2025,\u201d writes Grous.<\/p>\n

ARK’s estimate for the total sports betting handle is staggering.<\/p>\n

\u201cWe believe the handle for online sports betting could scale 10x from roughly $18 billion to $180 billion,\u201d <\/strong>said Grous.<\/p>\n

ARK Sports Exposure<\/h2>\n

ARK’s ETF lineup consists of five actively managed funds and two index-based products. But only two stand as plausible homes for sports betting equities.<\/p>\n

The ARK Innovation ETF (NYSE:ARKK), famed for its large weight to Tesla, currently doesn’t own shares of sportsbook operators. However, the fund does hold stakes in several companies with direct esports exposure.<\/p>\n

\n

Given its allocations to streaming entertainment names<\/a>, among others, the ARK Next Generation Internet ETF (NYSE:ARKW) could eventually make room for sports wagering stocks, particularly those with next-generation media partnerships. That fund also has esports exposure and some mobile gaming positioning via a modest stake in Skillz Inc. (NYSE:SKLZ).<\/p>\n<\/div>\n

In non-gaming names, ARK is also known for big calls on the likes of bitcoin, Roku (NASDAQ:ROKU), and Square (NYSE:SQ), in addition to Tesla.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cathie Wood’s ARK Investment Management is bullish on the growth trajectories of the esports, fantasy sports, and online sports wagering industries. For operators and investors alike, ARK’s call is meaningful. This is because the New York-based asset manager and exchange-traded funds (ETFs) issuer is renowned for identifying disruptive companies before share prices significantly appreciate. They […]<\/p>\n","protected":false},"author":46,"featured_media":161773,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,1074],"tags":[],"acf":[],"yoast_head":"\nARK Invest Has Some Massive Esports, Sports Betting Forecasts<\/title>\n<meta name=\"description\" content=\"ARK Investment Management sees epic growth ahead for sports betting, including a $180 billion handle in 2025.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ARK Invest Has Some Massive Esports, Sports Betting Forecasts\" \/>\n<meta property=\"og:description\" content=\"ARK Investment Management sees epic growth ahead for sports betting, including a $180 billion handle in 2025.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/ark-invest-has-some-massive-esports-sports-betting-forecasts\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-19T17:54:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-01-19T19:56:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/01\/CW.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1320\" \/>\n\t<meta property=\"og:image:height\" content=\"742\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/ark-invest-has-some-massive-esports-sports-betting-forecasts\/\",\"url\":\"https:\/\/www.casino.org\/news\/ark-invest-has-some-massive-esports-sports-betting-forecasts\/\",\"name\":\"ARK Invest Has Some Massive Esports, Sports Betting Forecasts\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/ark-invest-has-some-massive-esports-sports-betting-forecasts\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/ark-invest-has-some-massive-esports-sports-betting-forecasts\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/01\/CW.jpg\",\"datePublished\":\"2021-01-19T17:54:10+00:00\",\"dateModified\":\"2021-01-19T19:56:23+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"ARK Investment Management sees epic growth ahead for sports betting, including a $180 billion handle in 2025.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/ark-invest-has-some-massive-esports-sports-betting-forecasts\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/ark-invest-has-some-massive-esports-sports-betting-forecasts\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/ark-invest-has-some-massive-esports-sports-betting-forecasts\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/01\/CW.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/01\/CW.jpg\",\"width\":1320,\"height\":742,\"caption\":\"ARK Invest founder Cathie Wood. 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