MGM Resorts Intl 株価情報 (NYSE: MGM)

最新ニュース MGM Resorts Intl (NYSE:MGM) 株価情報

MGM Resorts Intl

MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.

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Shares of Macau-linked stocks are trading higher on continued strength following recent stimulus measures and the start of the National Day Golden Week. Macau gaming revenue also reportedly rose 15.5%.

<a href="https://www.cnbc.com/2024/10/02/bets-on-congressional-races-allowed-cftc-appeals-court.html" title="https://www.cnbc.com/2024/10/02/bets-on-congressional-races-allowed-cftc-appeals-court.html">https://www.cnbc.com/2024/10/02/bets-on-congressional-races-allowed-cftc-appeals-court.html</a>

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'Betting on congressional elections is lawful, federal appeals court rules' - CNBC

Shares of DraftKings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dkng#NASDAQ">DKNG</a>) showcased outstanding performance in the past month, significantly outperforming the Zacks Gaming industry and the S&amp;P 500. The company is benefiting from an increase in new online sportsbook and iGaming customers as well as improved product offerings.
In the past month, DKNG stock moved up 13.6% compared with the industry&#39;s 6.7% gain and the S&amp;P 500&#39;s 2.1% increase. As of Monday, the stock closed at $39.20, below its 52-week high of $49.57 but well above its 52-week low of $25.73.
In the same timeframe, the company also outperformed other major industry players. Shares of&nbsp;Flutter Entertainment plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/flut#NYSE">FLUT</a>),&nbsp;Caesars Entertainment, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/czr#NASDAQ">CZR</a>) and MGM Resorts International (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mgm#NYSE">MGM</a>) rose 11.7%, 10.9% and 4%, respectively.
<h2>Stock Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c0/79865.jpg?v=1540696862" />
Image Source: Zacks Investment Research
Technical indicators suggest continued strong performance for DKNG. The stock is trading above its 50-day moving averages, signaling robust upward momentum and price stability. This technical strength underscores positive market sentiment and confidence in DKNG&#39;s financial health and prospects.
<h2>50-Day Moving Averages</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/6d/79867.jpg?v=202197554" />
Image Source: Zacks Investment Research
<h2>Reasons Behind DKNG&#39;s Upsurge</h2>
DraftKings stock surged in recent trading sessions, largely driven by Flutter Entertainment&#39;s optimistic guidance. Both companies dominate the online sports betting and iGaming landscape, and Flutter&#39;s positive outlook has sparked heightened enthusiasm across the sector. Investors are rallying behind DraftKings as market sentiment turns bullish, fueled by confidence in the industry&#39;s trajectory.
During second-quarter 2024, DraftKings registered an 80% year-over-year increase in new online sportsbook and iGaming customers, which is a significant boost considering no state launches during the period.&nbsp;The company expects the strong pace of customer acquisition to persist throughout the second half of the year and potentially extend further. This suggests that the U.S. online gaming market could be even bigger than initially anticipated.
DKNG is also benefiting from a decrease in customer acquisition costs. It is expected to gain from the launch of new features for its sportsbook, such as in-house player props and broader progressive parlays. iGaming is also expanding with more new games released compared to last year.
The company expects to achieve between $900 million and $1 billion in adjusted EBITDA in fiscal 2025. This highlights confidence in future profitability. With its aggressive expansion, product diversification and focus on responsible gaming, DKNG is poised to capitalize on the surging demand for online gambling and sports betting, solidifying its position as a market leader in the rapidly evolving industry.
DraftKings&#39; product is well-positioned as it continues to stand out by investing in new features and functionality for Sportsbook and iGaming. In Sportsbook, the company recently introduced in-house player prop bets for major leagues like the NFL, NBA, MLB and NHL, along with college football, basketball and tennis. DKNG also expanded its progressive parlays to include spread and total wagers. Looking ahead, the company is planning to roll out a bet-and-watch feature that will integrate NFL streaming.
<h2>DKNG Trading at a Premium</h2>
The company is currently valued at a premium compared with the industry on a forward 12-month P/S basis. DKNG&#39;s forward 12-month price-to-sales ratio stands at 5.79, higher than the industry&#39;s ratio of 2.95 and the S&amp;P 500&#39;s 5.22.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/3f/79868.jpg?v=509157640" />
Image Source: Zacks Investment Research
<h2>What Might Hurt DKNG?</h2>
High costs are likely to hurt the company&#39;s margin. In 2024, sales and marketing expenses are expected to increase mid-to-high single digits year over year, mainly due to the Jackpocket acquisition, which could dent near-term profits. Increased customer acquisition, which might be beneficial in the long term, led to higher marketing and promotional costs, creating a drag on adjusted EBITDA in the short term.
<h2>End Notes</h2>
DraftKings stock has performed exceptionally well in the past month. This surge can be attributed to increased customers in its online sportsbook and iGaming platforms, along with expanded product offerings, such as in-house player prop bets and broader progressive parlays. The company&#39;s technical indicators show strong momentum. It also benefits from lower customer acquisition costs and expects continued growth in the U.S. online gaming market.
Despite the company&#39;s strong performance and growth potential, rising marketing and promotional costs, especially after the Jackpocket acquisition, may adversely impact short-term profitability. While long-term growth prospects remain solid, the near-term financial pressures suggest that current investors should retain the stock. Still, potential new buyers should wait due to near-term cost pressures and premium valuation.
DKNG carries a Zacks Rank #3 (Hold) at present.
<a href="https://www.zacks.com/stock/news/2344130/draftkings-stock-rises-14-in-a-month-time-to-buy-or-wait-for-a-dip?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2344130">To read this article on Zacks.com click here.</a>

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Shares of travel and hotel-related stocks are trading lower amid heightening geopolitical tensions after Iran launched a missile attack on Israel, which could impact global travel demand.

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Shares of travel and hotel-related stocks are trading lower amid heightening geopolitical tensions after a report suggesting Iran could be preparing to attack Israel. This could negatively impact travel demand.

Analysts' ratings for MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) over the last quarter vary from bullish to bearish, as provided by 10 analysts.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for MGM Resorts Intl, revealing an average target of $53.6, a high estimate of $63.00, and a low estimate of $43.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 2.19%. 
<img src="https://www.benzinga.com/files/images/story/2024/1727784053_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The standing of MGM Resorts Intl among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Carlo Santarelli</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Buy</td>
<td>$52.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Stephen Grambling</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$43.00</td>
<td>$44.00</td>
</tr>
<tr>
<td>Chad Beynon</td>
<td>Macquarie</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$55.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Lowers</td>
<td>Market Outperform</td>
<td>$57.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Steven Wieczynski</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$63.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Daniel Politzer</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$53.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Joseph Stauff</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$55.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$59.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Daniel Politzer</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$55.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Stephen Grambling</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$44.00</td>
<td>$47.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to MGM Resorts Intl. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of MGM Resorts Intl compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of MGM Resorts Intl's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of MGM Resorts Intl's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/MGM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on MGM Resorts Intl analyst ratings.</a>
<h2>Unveiling the Story Behind MGM Resorts Intl</h2>
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.
<h3>Understanding the Numbers: MGM Resorts Intl's Finances</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: MGM Resorts Intl's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 9.77%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: MGM Resorts Intl's net margin excels beyond industry benchmarks, reaching 4.33%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): MGM Resorts Intl's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.61% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): MGM Resorts Intl's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.45%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: MGM Resorts Intl's debt-to-equity ratio surpasses industry norms, standing at 9.77. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Significance of Analyst Ratings Explained</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Demystifying MGM Resorts Intl: Insights From 10 Analyst Reviews

Deutsche Bank analyst Carlo Santarelli maintains MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) with a Buy and lowers the price target from $57 to $52.

Price Target

Deutsche Bank Maintains Buy on MGM Resorts Intl, Lowers Price Target to $52

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Shares of Macau-linked casino and gaming stocks are trading higher possibly amid continued strength following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.

Shares of Macau-linked casino and gaming stocks are trading higher following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.

Shares of Macau-linked stocks are trading higher following China's stimulus announcement.

MGM Resorts Intl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) short percent of float has risen 59.01% since its last report. The company recently reported that it has 17.67 million shares sold short, which is 7.68% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.6 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>MGM Resorts Intl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726689663_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for MGM Resorts Intl has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing MGM Resorts Intl's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, MGM Resorts Intl's peer group average for short interest as a percentage of float is 4.43%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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(MGM) - Analyzing MGM Resorts Intl's Short Interest

BetMGM preferred source for sports betting odds across the USA TODAY Network
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.gannett.com%2F&amp;esheet=54122054&amp;newsitemid=20240916827292&amp;lan=en-US&amp;anchor=Gannett+Co.%2C+Inc.&amp;index=1&amp;md5=6856c1057b6d436c06b32599cd86e30e">Gannett Co., Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCI#NYSE">GCI</a>) today announced a multi-year strategic partnership with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.betmgminc.com%2F&amp;esheet=54122054&amp;newsitemid=20240916827292&amp;lan=en-US&amp;anchor=BetMGM&amp;index=2&amp;md5=a22b7a88f5de76d40e60b1d7e90005d9">BetMGM</a>, a leading sports betting and iGaming operator. As part of the agreement, BetMGM will serve as the preferred online sportsbook and casino partner for <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fsportsbookwire.usatoday.com%2F&amp;esheet=54122054&amp;newsitemid=20240916827292&amp;lan=en-US&amp;anchor=USA+TODAY+Sports&amp;index=3&amp;md5=7f6aeab81a7356ad90464be11b7e25f8">USA TODAY Sports</a> providing sports betting odds and betting information across the expansive <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fsportsdata.usatoday.com%2F&amp;esheet=54122054&amp;newsitemid=20240916827292&amp;lan=en-US&amp;anchor=USA+TODAY+Network&amp;index=4&amp;md5=459d9509a8aefd1ac6ca5da294a9fa77">USA TODAY Network</a> in more than 200 local U.S. markets across 43 states with more than 300 digital news and media brands in the portfolio.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20240916827292/en/">https://www.businesswire.com/news/home/20240916827292/en/</a>

Gannett and BetMGM Announce Multi-Year Partnership, BetMGM Will Serve As The Preferred Online Sportsbook And Casino Partner For USA TODAY Sports Providing Sports Betting Odds And Betting Information Across The Expansive USA TODAY Network

Buffalo Bills quarterback Josh Allen kept <a href="https://www.benzinga.com/general/entertainment/24/09/40841727/nfl-week-2-betting-odds-media-stocks-to-watch-will-josh-allen-stay-perfect-on-thursdays-can">his perfect record</a> in Thursday NFL games intact with a 31-10 win over the Miami Dolphins, but it was two other players that helped a bettor make $25,000 in one of the craziest parlays in some time.
What Happened: A Thursday Night Football matchup between the Bills and Dolphins on Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Prime Video featured two 1-0 teams and two of the teams favored to <a href="https://www.benzinga.com/general/sports-betting/24/07/39752864/bettors-favor-kansas-city-chiefs-for-super-bowl-three-peat-heres-a-look-at-how-states-are-">win Super Bowl LIX.</a>
The Bills dominated the game in the 31-10 win. The Dolphins may have lost more than just the game with quarterback Tua Tagovailoa exiting the game with a concussion with questions about his return, as well as his football future after multiple concussions in recent years.
Bills running back James Cook paced the team with three touchdowns, two rushing and one receiving, all in the first half of the game.
Cook had no touchdowns in the team's week 1 win and had only two rushing touchdowns and four receiving touchdowns in the 2023 NFL season.
That didn't stop one bettor from placing a $100 bet on Flutter Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>)-owned sportsbook FanDuel for Cook to score three touchdowns in the game. Cook scored two touchdowns in one single game in 2023, the only time in his short NFL career.
The bettor also parlayed Cook scoring three touchdowns in the game with Dolphins running back De&#8217;Von Achane scoring a touchdown in the first quarter of the game. Achane had two touchdowns in the Dolphins Week 1 win and eight rushing touchdowns and three receiving touchdowns in 2023. Achane was a game-time decision for the Dolphins with an injury almost keeping him from playing.
The $100 <a href="https://x.com/FDSportsbook/status/1834438102552903814">bet </a>placed with FanDuel had odds of +25,597 with a 10% profit included. The ticket cashed in the first half of the game with Achane scoring in the first quarter, Cook getting one touchdown in the first quarter and adding two touchdowns in the second quarter.
The bettor made a profit of $25,597.20 on the bet. While some social media users have questioned the bet slip as being fake, FanDuel shared the slip on its account.
Bleacher Report's betting social media account <a href="https://x.com/br_betting/status/1834411453677277307">called </a>the win "the most absurd ticket ever."
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40774768/draftkings-wins-in-week-1-nfl-season-app-moves-up-rankings-a-good-weekend-for-the-s">DraftKings Wins In Week 1 NFL Season, App Moves Up Rankings: &#8216;A Good Weekend For The Sportsbooks&#8217;</a>
What's Next: The outcome of the Bills and Dolphins game may have been a big win for sportsbooks. BetMGM's John Ewing <a href="https://x.com/johnewing/status/1834378961750470735">said </a>the best outcomes for sportsbooks would be Dolphins winning, Bills covering the +2.5 spread, the under 48.5 hitting, Tyreek Hill not scoring a touchdown and Josh Allen not scoring a touchdown. Four of the five items happened with only the Dolphins failing to win.
BetMGM, which is a joint venture between MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) and Entain, may have got a strong start to the second week of the NFL season with the outcome.
The Bills saw its Super Bowl LIX betting odds improve going from +1,600 at the start of the season to +1,300 thanks to the 2-0 start. The Bills are one of 12 NFL teams to <a href="https://www.benzinga.com/general/sports-betting/24/09/40720484/which-4-teams-have-never-reached-the-super-bowl-betting-payouts-if-history-is-made-in-2024">never win a Super Bowl</a>, going 0-4 in the big game. The Bills face the Jacksonville Jaguars in a Monday Night Football clash in week three of the NFL season.
The Dolphins saw its odds to win Super Bowl LIX fall to +4,000 with questions over its quarterback. The team faces off against the Seattle Seahawks in week three.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/sports-betting/24/08/40555085/sports-illustrated-predicts-detroit-lions-to-win-super-bowl-heres-how-much-100-bet-could-p">Sports Illustrated Predicts Detroit Lions To Win Super Bowl: Here&#8217;s How Much $100 Bet Could Pay If History Is Made</a></li>
</ul>
Photo: Shutterstock

AMZN

NFL Fan Turns $100 Bet Into $25K With Wild Football Prediction For Thursday Night Game

High-rolling investors have positioned themselves bullish on MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in MGM often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for MGM Resorts Intl. This is not a typical pattern.
The sentiment among these major traders is split, with 37% bullish and 37% bearish. Among all the options we identified, there was one put, amounting to $101,024, and 7 calls, totaling $409,196.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $33.0 to $38.5 for MGM Resorts Intl over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of MGM Resorts Intl stands at 365.0, with a total volume reaching 13,487.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in MGM Resorts Intl, situated within the strike price corridor from $33.0 to $38.5, throughout the last 30 days.
<h3>MGM Resorts Intl Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726243667_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.8</td>
<td>$5.75</td>
<td>$5.75</td>
<td>$33.00</td>
<td>$143.7K</td>
<td style="text-align: right;">591</td>
<td>401</td>
</tr>
<tr>
<td>MGM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$1.54</td>
<td>$1.46</td>
<td>$1.54</td>
<td>$38.50</td>
<td>$101.0K</td>
<td style="text-align: right;">149</td>
<td>658</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/27/24</td>
<td>$0.88</td>
<td>$0.86</td>
<td>$0.87</td>
<td>$37.00</td>
<td>$59.8K</td>
<td style="text-align: right;">182</td>
<td>5.0K</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.8</td>
<td>$5.7</td>
<td>$5.7</td>
<td>$33.00</td>
<td>$55.8K</td>
<td style="text-align: right;">591</td>
<td>99</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$3.0</td>
<td>$3.0</td>
<td>$3.0</td>
<td>$35.00</td>
<td>$48.0K</td>
<td style="text-align: right;">538</td>
<td>170</td>
</tr>
</tbody>
</table>

<h3>About MGM Resorts Intl</h3>
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.
Following our analysis of the options activities associated with MGM Resorts Intl, we pivot to a closer look at the company's own performance.
<h3>MGM Resorts Intl's Current Market Status</h3>
<ul>
<li>With a volume of 2,336,858, the price of MGM is up 2.6% at $36.84. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 54 days.</li>
</ul>
<h3>What The Experts Say On MGM Resorts Intl</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $43.0.
<ul>
<li>Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on MGM Resorts Intl with a target price of $43. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for MGM Resorts Intl, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

A Closer Look at MGM Resorts Intl's Options Market Dynamics

ATLANTIC CITY, N.J. (AP) — People began betting on which political party would win control of Congress in the November elections within minutes of a judge's ruling Thursday allowing the bets — the only ones to be legally approved by a U.S. jurisdiction.
 <a href="https://apnews.com/article/betting-on-elections-kalshi-gambling-trump-harris-882f1e6e4f434f0e6ac6e5985a5583ce" title="https://apnews.com/article/betting-on-elections-kalshi-gambling-trump-harris-882f1e6e4f434f0e6ac6e5985a5583ce">https://apnews.com/article/betting-on-elections-kalshi-gambling-trump-harris-882f1e6e4f434f0e6ac6e5985a5583ce</a>

Politics

PENN

'Money flows on US election bets minutes after judge clears way, but appeal looms' - AP

The presidential debate between Vice President Kamala Harris and Ex-President Donald Trump shifted the betting odds for the <a href="https://www.benzinga.com/topic/election-day">winner on Election Day</a>.
Here&#8217;s a look at who has the edge and how the markets have shifted in recent months.
What Happened: Harris has been performing well in recent election polls and her performance at<a href="https://www.benzinga.com/news/24/09/40806876/final-showdown-trump-and-harris-face-off-in-intense-debate-just-eight-weeks-before-election-day"> the presidential debate</a> against Trump could continue to show momentum with gains from undecided voters.
The betting odds are near even between the two candidates at Bet365, as reported by <a href="https://www.covers.com/politics/us-election-betting-odds">Covers</a>. Harris now has the edge at -125 with Trump ranking close behind at +100. These betting odds translate to around a 55.5% implied chance of Harris winning the election and implied odds of 50% of Trump winning the election — just to illustrate how close the election remains.
Harris saw her odds improve to -110 and take the status of the betting favorite after the presidential debate. News of global superstar Taylor Swift&#8216;s <a href="https://www.benzinga.com/general/entertainment/24/09/40815602/trump-shakes-off-taylor-swifts-harris-endorsement-in-2024-election-shell-probably-pay-a-pri">endorsing Harris</a> sent the vice president's odds to -125, making her a bigger favorite to win the election.
For comparison, Trump was the favorite at odds of -125 and Harris was listed at +100 <a href="https://www.benzinga.com/general/sports-betting/24/08/40238227/trump-vs-harris-presidential-odds-and-betting-markets-show-near-toss-up-but-this-candidate">back in August.</a>
BetMGM, which is a joint venture between Entain and MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), doesn't offer betting on political outcomes to U.S. customers, but its Ontario customers can bet on the 2024 election.
On BetMGM, Trump is listed as the favorite at -135, improving from odds of +100 before the debate, as <a href="https://x.com/johnewing/status/1833928497993277639">reported </a>by BetMGM's John Ewing. Trump has 70% of the money on him to win since the debate at BetMGM according to Ewing.
Prediction market&nbsp;Polymarket, which calls itself the world&#8217;s largest prediction market, offers betting on items in categories such as politics, sports, cryptocurrency, pop culture and more.
On Polymarket, users can deposit funds using USDC (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) via the Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>) network, or directly from a crypto account with Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>). In each betting market, the winning option pays out at $1.
The prediction market for the winner of the 2024 presidential election has attracted over $870 million in wagers on Polymarket. Here are the current <a href="https://polymarket.com/event/presidential-election-winner-2024">odds</a>:
<ul>
<li>Donald Trump: 50%</li>
<li>Kamala Harris: 48.5%</li>
</ul>
Trump has <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40818633/donald-trump-clings-on-to-1-5-election-odds-lead-on-polymarket-but-kamala-harris-has-alrea">mostly been in the lead </a>on Polymarket, with Harris remaining close and sometimes taking the lead. Trump held a lead of eight points ahead of the debate before the two candidates ended up tied after the debate and shortly after. The former president regained a lead on Polymarket Wednesday.
Similar to sportsbooks, the prediction market shows a near toss-up between the two candidates.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent091124">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It&#8217;s Important:&nbsp;The new betting odds mark a shift in the odds from July. After&nbsp;<a href="https://www.benzinga.com/general/politics/24/07/39780356/trumps-2024-election-betting-odds-hit-record-high-after-assassination-attempt-payouts-for-ex-pre" target="_blank" rel="noreferrer noopener">an assassination attempt</a>&nbsp;on Trump in Pennsylvania, his odds hit -250 as a larger favorite with Biden listed at +500 and Harris at +800.
Following the<a href="https://www.benzinga.com/general/sports-betting/24/07/39868243/2024-election-betting-odds-joe-biden-has-8-chance-of-winning-according-to-sportsbooks-pred" target="_blank" rel="noreferrer noopener">&nbsp;first presidential debate</a>, Trump had odds of -175, with Harris at +400 topping the odds of Biden at +800 before his withdrawal from the race.
In&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39625294/2024-election-betting-odds-react-to-biden-debate-disaster-trump-odds-hit-all-time-high-kam" target="_blank" rel="noreferrer noopener">late June</a>, Trump was listed with odds of -188 with Biden at +350 and Harris significantly behind at +2,200.
Keep in mind that back in January 2021, it was Harris who was the favorite to win the 2024 election with odds of +350 based on the plan that Biden would not run for re-election. Biden and Trump trailed Harris at the time at odds of +400 and +650, respectively.
Harris has closed the gap between the Democratic and Republican parties and her debate performance has now made it more likely that she wins the 2024 election.
A recent Morning Consult poll showed Harris with a<a href="https://www.benzinga.com/general/politics/24/09/40805945/harris-vs-trump-vice-president-holds-3-point-lead-ahead-of-presidential-debate-but-swing-states-"> three-point lead </a>over Trump among nationally registered voters who are likely to vote in the upcoming election.
Harris has also shown a lead among Independent voters and young voters in a recent poll, which could be two key voter groups that decide the 2024 election.
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent091124">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Image: Shutterstock

$ETH

$MATIC

$USDC

USDC

Trump Vs. Harris: 2024 Election Betting Odds Show 'Love Story' For Vice President After Debate, Taylor Swift Endorsement

10 analysts have shared their evaluations of MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $53.7, a high estimate of $63.00, and a low estimate of $43.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 1.58%. 
<img src="https://www.benzinga.com/files/images/story/2024/1725469264_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
A clear picture of MGM Resorts Intl's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Stephen Grambling</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$43.00</td>
<td>$44.00</td>
</tr>
<tr>
<td>Chad Beynon</td>
<td>Macquarie</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$55.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Lowers</td>
<td>Market Outperform</td>
<td>$57.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Steven Wieczynski</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$63.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Daniel Politzer</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$53.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Joseph Stauff</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$55.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$59.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Daniel Politzer</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$55.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Stephen Grambling</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$44.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Clark Lampen</td>
<td>BTIG</td>
<td>Announces</td>
<td>Buy</td>
<td>$53.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to MGM Resorts Intl. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of MGM Resorts Intl compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of MGM Resorts Intl's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into MGM Resorts Intl's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/MGM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on MGM Resorts Intl analyst ratings.</a>
<h2>Unveiling the Story Behind MGM Resorts Intl</h2>
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.
<h3>MGM Resorts Intl's Financial Performance</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Positive Revenue Trend: Examining MGM Resorts Intl's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 9.77% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: MGM Resorts Intl's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.33% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): MGM Resorts Intl's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 5.61%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): MGM Resorts Intl's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.45%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: MGM Resorts Intl's debt-to-equity ratio stands notably higher than the industry average, reaching 9.77. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Navigating 10 Analyst Ratings For MGM Resorts Intl

Morgan Stanley analyst Stephen Grambling maintains MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) with a Equal-Weight and lowers the price target from $44 to $43.

Morgan Stanley Maintains Equal-Weight on MGM Resorts Intl, Lowers Price Target to $43

The offering of notes was upsized from the originally announced aggregate principal amount of&nbsp;$675 million. The transaction is expected to close on September&nbsp;17, 2024, subject to customary closing conditions.

MGM Resorts Prices Public Offering Of $850M Of 6.125% Senior Notes Due 2029 At Par

The 2024 National Football League season kicks off Thursday. Sept. 5 with a game featuring the Baltimore Ravens and the Kansas City Chiefs, which is hoping to become the first NFL team to win<a href="https://www.benzinga.com/general/sports-betting/24/07/39752864/bettors-favor-kansas-city-chiefs-for-super-bowl-three-peat-heres-a-look-at-how-states-are-"> three straight Super Bowls.</a>
Here's a look at the betting odds and media companies that could benefit in the first week of the 2024 NFL season.
Week 1 Betting Odds: The Chiefs are picked as the betting favorite to win Super Bowl LIX as the<a href="https://www.benzinga.com/topic/nfl"> top NFL team </a>for the season. Before the NFL Playoffs kick off there is the regular season with each team playing 17 games, starting with all 32 teams in action for the first week.
Here are the Week 1 matchups and the betting odds from sportsbook DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>)
<ul>
<li>Baltimore Ravens at Kansas City Chiefs -3</li>
<li>Green Bay Packers at (in Brazil) Philadelphia Eagles -3</li>
<li>Arizona Cardinals at Buffalo Bills -6</li>
<li>Houston Texans -2.5 at Indianapolis Colts</li>
<li>Pittsburgh Steelers at Atlanta Falcons -3</li>
<li>Carolina Panthers at New Orleans Saints -4</li>
<li>Minnesota Vikings -1.5 at New York Giants</li>
<li>Tennessee Titans at Chicago Bears -4</li>
<li>New England Patriots at Cincinnati Bengals -8.5</li>
<li>Jacksonville Jaguars at Miami Dolphins -3</li>
<li>Denver Broncos at Seattle Seahawks -6</li>
<li>Las Vegas Raiders at Los Angeles Chargers -3</li>
<li>Dallas Cowboys at Cleveland Browns -2.5</li>
<li>Washington Commanders at Tampa Bay Buccaneers -3</li>
<li>Los Angeles Rams at Detroit Lions -3.5</li>
<li>New York Jets at San Francisco 49ers -4.5</li>
</ul>
A quick look at the betting odds shows that sportsbooks are putting a lot of love on the home teams, with only two away teams favored for the first week.
NFL fans and sports bettors might do well to remember the past two seasons when looking at the bias for home teams. In the 2023 season, 10 away teams won in the opening week with only six home teams securing the early win. In the 2022 season, 9 away teams won, with six home teams winning and one tie.
At DraftKings, some of the top favorites for bettors are the away Texans -2.5 with 73% of bets according to sports betting writer Ben Fawkes. The Dolphins -3.5, Eagles -2.5, Bengals -8.5 and Cowboys +2.5 are also getting plenty of action.
At BetMGM, which is a joint venture from MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) and Entain, the Texans -2.5 are also the most bet team at 78% of bets. The Dolphins -3, Vikings -1.5 and Bengals -9 are the next most bet teams against the spread, according to BetMGM's John Ewing.
Read Also: <a href="https://www.benzinga.com/general/sports/24/08/40607642/jeff-bezos-could-have-competition-if-he-wants-the-nfls-seattle-seahawks-private-equity-investments">Jeff Bezos Could Have Competition If He Wants The NFL&#8217;s Seattle Seahawks: Private Equity Investments Get League Approval</a>
Media Stocks on Watch: NFL games continue to rank among some of the most-watched television events of the year.
In 2023, 45 of the most watched primetime telecasts were NFL games, according to&nbsp;<a href="https://variety.com/2023/tv/news/most-watched-shows-2023-ncis-oscars-blue-bloods-super-bowl-yellowstone-1235854795/" target="_blank" rel="noreferrer noopener">Variety</a>. Outside of the Super Bowl and NFL playoffs, which ranked as the top five games, Comcast led with games ranked 6, 7, 8, 9 and 10.
There are multiple national television games for the first week of the NFL season listed below:
Thursday, Sept. 5, 8:20 p.m. ET: Ravens, Chiefs on NBC, a unit of Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>)
Friday, Sept. 6, 8:15 p.m. ET: Packers, Eagles on Peacock, a unit of Comcast
Sunday, Sept. 8: 8:20 p.m. ET: Rams, Lions on NBC, a unit of Comcast
Monday, Sept. 9: 8:15 p.m. ET: Jets, 49ers on ABC, ESPN, units of Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)
The Sunday 1 p.m. ET and 4 p.m. ET games will be broadcast by Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) unit CBS and Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) unit FOX.
While coverage will vary by location, the Browns, Cowboys game is expected to get a strong national audience with the game marking NFL legend Tom Brady's Fox NFL regular season debut calling the game.
Comcast gets three of the four national primetime games for the first week, which could be a good opportunity for the company in the advertising department.
While they don't have any primetime games in the first week, Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) could also benefit from a strong 2024 NFL season with their rights to Thursday Night Football games and two Christmas Day NFL games respectively.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/sports-betting/24/08/40555085/sports-illustrated-predicts-detroit-lions-to-win-super-bowl-heres-how-much-100-bet-could-p">Sports Illustrated Predicts Detroit Lions To Win Super Bowl: Here&#8217;s How Much $100 Bet Could Pay If History Is Made</a></li>
</ul>
Photo via Shutterstock.

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