Betting on one’s favorite sports team just got a whole lot easier with the Supreme Court’s ruling against federal prohibitions on states that allow gambling on sporting events. While good news for wagering types, that decision will help lift the stocks of several gambling companies, especially established U.K.-based firms with U.S. operations, like William Hill (WMH.UK), GVC Holdings (GVC.UK) and 888 Holdings (888.UK). But U.S. firms Boyd Gaming Corp. (BYD) and Penn National Gaming Inc. (PENN) will also be big🧸 beneficiaries “given their smaller market cap♐s and exposure to numerous states,” according to Morgan Stanley equity analyst Thomas Allen, as by Barron’s.

With estimates of the annual size of the U.S. gambling market ranging from $100 billion to $400 billion, the three U.K. gambling firms saw their share prices jump on the Supreme Court’s ruling, which took place just over two weeks ago. William Hill rose more than 10%, GVC by 7%, and 888 by as much as 16%. The U.S.-based firms were also up, but the rise was not as dramatic. (To read more, see: 澳洲幸运5开奖号码历史查询:3 Casino P♉lays Primed for Sports Be🦩tting Profits.)

The U.K.’s Strong U.S. Presence

William Hill is already well positioned, running more than half of the 19ꦦ2 sports books in Nevada, and is the acting risk manager of𓂃 sports betting for the Delaware lottery. Berenberg analyst Roberta Ciaccia thinks the company will be able to grab 10% of the U.S. sports-betting market by 2023, to Barron’s.

She also believes that the 7% jump by GVC following the ruling priced in only about 40% of the upside to the company’s stock. The company is one of the leading of sports-book technology in Nevada, and its technology is also used to꧃ support MGM online casino and poker offerings in New Jersey.

Gibraltar-based 888, which is known for its online gambling site🐎 , also has significant operations in Nevada, Delaware and New Jersey, all three of which have previously legalized online gaming. JPMo🅷rgan analyst Doriana Russo thinks the company is “well positioned to take advantage of this new opportunity,” to the Barron’s article published on May 18.

Top U.S. Picks

As mentioned above, U.S. gambling firms, Boyd and Penn, were given the thumbs up in Barron’s May 19 . Morgan Stanley’s analyst estimates that sports betting will represent about $2 billion of the $120 billion U.S. gaming revenue, and that if both Boyd and Penn can nab a 10% 澳洲幸运5开奖号码历史查询:market share, they should be able to bring in between $1.50 per share and $1.90 per share of added value, to CNBC. (To read more, see: 3 Gambling Stocks That W❀ill Beat The House: Morgan Stꦰanley.)

Although not formally a gaming stock, Activision Blizzard Inc. (ATVI), the developer and owner of the video game known as Overwatch, is also expected to benefit from the new ruling. As Blizzard is expected to introduce a gambling component to the Overwatch League, a professional eSports league for Overwatch, Morgan Stanley’s Brian Nowack that given a bull scenario where 30% ꦰof viewers wager $37 annually, Blizzard could bring in $𒁃13 million in 2020.