Would love to hear some DD on Paysafe ($BFT that merged in $PSFE tomorrow.

I’ve been looking at their investor presentation and was blown away by the moat they have created.

Being the #2 in market share for the digital wallet space and works with large brands already across various industries

I need another perspective from the other end on why this is not a hidden gem the day before the ticker changes to $PSFE. ))))

Sports betting has emerged as a fan favorite for cooped up COVID civilians for much of 2020/21. With sports fans itching to attend a sporting event, many have flocked to online betting as a past time to satisfy their urge.

DK ($DKNG) was brought to life through a Special Purpose Acquisition Corporation (SPAC) in April of 2020 and has quickly risen to the top of the leaderboards in the retail investors eyes as the only pure play sports betting stock around.

Being known as a Daily Fantasy Sport (DFS) app, the company has also generated their own sportsbook that has been wildly successful evident in their recent earnings report. DraftKings has a leg up within the industry as they have access to mobile sports betting in 12 states, which is more than any other company in the industry.

DraftKings holds their own, specifically in Pennsylvania, as they lock themselves in the No. 2 spot in Pennsylvania through its partnership with The Meadows, which saw its revenue rise from $5.4 million (December 2020) to $7.7 million in (January 2021) and still continuing to grow.

In terms of partnerships, DK has teamed up with Turner Sports/Bleacher Report (MLB, NBA, NCAA), as well as Triller (Mike Tyson and Jake Paul fights) to help reach younger audiences in an attempt to build brand awareness.

Speaking of brand awareness, Penn National Gaming ($PENN) has been looking to dethrone the “king” with their own sportsbook, but they may have the upper hand with their secret weapon: Dave Portnoy, CEO of the media empire known as Barstool sports. Penn purchased a 36% stake in the company which has allowed Portnoy to bring the to what he does best…..build hype and attention. His outlandish remarks, and captivating personality has secured celebrity personalities like Nick Mercs & Logan Paul to promote and partner with on their sportsbook product that will be seen by 60M millennial barstool sports lovers, and help with marketing spend in the future.

This will be PENN’s differentiator. Having the ability to leverage Barstool for free organic marketing is huge and will prove itself in the next 1-2 years no doubt, as their competitors spend millions trying to keep up.

Finally, we have Fan Duel, the lowkey beast that moves in silence. It may be hard to find their ticker and that’s because Flutter Entertainment ($PDYPY) purchased a 37% stake back in 2018, but just recently (2020) increased their position to a 95% stake, further solidifying their role in sports betting as they now own the closest DraftKings rival. Their portfolio looks pretty good as they also own Foxbet sportsbook, & recently completed its $12.2 billion merger with Stars Group, operators of PokerStars, the world’s largest poker site (owning a 55% stake). This means little cash on hand for the future, but a large portfolio that will prove its value and grow as legalization becomes more widespread.

They do pretty well financially too! Fan Duel again held the lead atop all of the state’s 12 online operators for handle. Their $220.7 million handle accounted for about 38% of all online wagers. Fan Duel also owns the #1 revenue (after winnings are paid out) in January too, posting $14.3 million.

Sports betting revenue is forecasted to grow to $8 billion by 2025 (Statista) as legalization grows within the US, and this can be catapulted as California and Florida still wait on legislation to approve.

Overall, I do believe its going to be a head-to-head battle (fantasy sport pun intended lol) where we are going to see lots of partnerships eating up the major sports leagues and crazy marketing tactics (paid & organic) to help differentiate and build up market share.

My #1 choice is still DraftKings , and with their 2021 guidance increased to $800 million-$1 billion by year end I’m long on the stock. I do own shares for transparency sake, as well as ARK buying up DraftKings twice now (just recently purchased 170,000+ shares for the second time further helps me with my bull case)

What’s more interesting is the friends North of the border in Canada that can offer greater North American dominance for any of the Big 3 Stocks

Lets take a look……

Score Media and Gaming ($SCR) up 6% partly after speculation that it could be a potential target for DraftKings (DKNG). DraftKings is considering a range of potential acquisitions including…

theScore Inc. has quietly risen in the Canadian sports betting world all thanks to John Levy, CEO and founder of the company. Starting as a TV network in the mid 90’s called theScore Television Network became a leader in authentic and interactive sports entertainment, providing sports news, highlights and live games.

By 2012 theScore was available in more than 6.6 million homes across Canada and, in October that year, John and his team structured and executed the sale of Score Media’s television assets to Rogers Media and the spin-out of Score Media’s digital assets to Score Media’s shareholders into a new entity – theScore, Inc. This allowed John and his team to focus 100% on growing theScore’s hugely popular mobile platforms, including its flagship app ‘theScore,’ one of the most popular sports apps in North America.

theScore offered its own estimates on the market potential for online gaming in Canada, predicting annual gross gaming revenue of US$3.8bn and US$5.4bn based on historical data extrapolated from legal online gaming markets in the US and globally (via: Q1 2021 investor report)

Canada has moved another step closer to the legalization of single event sports betting this week, with Private Members Bill C-218 passing a second reading in the House of Commons. It has now been referred to committee for further consideration, one of many key stages that the legislation will have to go through to become …