Dave Portnoy says the day-trading revolution will slow down once sports return and people go back to work, but gambling analysts aren't so sure

Tom Briglia/Getty Images

• Dave Portnoy, the poster child of the day-trading revolution, warned that it may come to a rapid halt once people with regular nine-to-five jobs return to work, and sports returns.
• In an interview with Business Insider, Portnoy said: "It's probably a lot harder to be day trading and paying attention to the stock market when you have a normal nine to five job."
• However, industry analysts disagree.
• "There is no reason to think there will be some mass exodus once sports come back," one analyst told Business Insider.
• Visit Business Insider's homepage for more stories.

As casinos begin to open up this month, Dave Portnoy, the founder of Barstool Sports said he is eager to flock back to the sports betting industry, but market players don't think he will be returning to the same industry that he left before COVID-19 kicked-off. 

The sports bettor turned investor turned to day trading and the stock market, in the same way as other bettors have when the novelty coronavirus pandemic brought sporting events to a halt. 

See the rest of the story at Business Insider

NOW WATCH: Why thoroughbred horse semen is the world's most expensive liquid

See Also:

• Dave Portnoy, the poster child of the day-trading boom, told us why he thinks Warren Buffett is 'past his prime' and was wrong to ditch airline stocks
• Top strategists from Morgan Stanley and Schwab lay out how to trade an upside-down market
• MORGAN STANLEY: The best-performing stocks for the end of recessions are loaded for surprising gains in the second half of the year. Here's what to buy now so your portfolio is ready.

from Feedburner https://ift.tt/3g1ENRK