ORIONS Money Stocks

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$WNRS Best Play on Explosive Growth in Sports Gambling Industry Led by the King of Vegas Sports Gambling, WNRS is poised to emerge as a leading player in the fast-growing sports gambling industry. Grandview Research projects the global online gambling market will reach $127B in 2027.

The US sports gambling market is enjoying unprecedented growth and popularity. Sports gambling promotion is ubiquitous and the American Gaming Association predicts 50 million Americans will bet $16B on the Super Bowl.

At present, 36 states have approved sports gambling and 3 of the biggest states, CA, FL, and TX, have not yet come online.

The WNRS model leverages its leaders’ history in offering detailed sports betting advice, analysis, etc. for a fee. This model is combined with lucrative agreements with major sports books that initially pay referral fees for customers and could evolve into revenue sharing.

A flurry of M&A of WNRS-similar firms has occurred in recent years and WNRS could emerge as a target. With licenses in 9 states, WNRS is poised to build on its database of clients and subscribers which are invaluable assets to prospective M&A acquirers.

We currently project revenue of $1.2M in 2023, growing to $4M in 2024 and $12-15M in 2025, with operating profit beginning in 2024.

Our twelve-month $0.024 price target reflects 2x our 2024 revenue forecast and is a 26% discount to industry leader DraftKings.

https://www.goldmanresearch.com/202302091357/Opportunity-Research/top-upside-stock-play-in-sports-betting-industry.html