Sports Stocks Post Best Year Since 2020 as Betting Powers Rally – Sportico

                        By  <a class="c-link  lrv-a-unstyle-link" href="https://www.sportico.com/author/brendan-coffey/"             >   Brendan Coffey</a>                      <br>Sports Finance Reporter<br>     Sports <a  href="https://www.sportico.com/t/stocks/"  id="auto-tag_stocks_1"  data-tag="stocks"  >stocks</a> gained 18% in 2024, tallying the sector&rsquo;s best year since 2020. The <a  rel="noreferrer noopener"  target="_blank"  href="https://www.sportico.com/business/finance/2024/sportico-stocks-best-month-1234817620/"  ><em>Sportico</em> </a><a  href="https://www.sportico.com/business/finance/2024/sportico-stocks-best-month-1234817620/"  target="_blank"  rel="noreferrer noopener"  >Sports Stock Index</a> closed the year at 1,361, led by three stocks more than doubling among two dozen components that posted double-digits gains for the year.<br>   Sports benefited from the broader market trend of declining inflation and lower interest rates combined with firm corporate profits, enough to drive the S&amp;P 500 up 23% on the year. But beyond general economic tailwinds, sports stocks found themselves buoyed by international developments. That was especially true for sports wagering shares, which benefited from strong trends in Latin and South America. Sportsbooks were among the best investments of the year, with <strong>Rush Street Interactive (RSI) </strong>claiming the laurel of sports&rsquo; best performing stock in 2024, more than tripling in the year to $13.72 a share.     <div class="admz" id="adm-inline-article-ad-1">                     <div class="adma boomerang" data-device="Desktop" data-width="300">                  <div style="min-width:300px;min-height:275px;"     class="pmc-adm-boomerang-pub-div ad-text"   data-priority="10" >    <div id="gpt-sprt-dsk-tab-midarticle-uid0"      class="adw-300 adh-250" data-is-adhesion-ad="">         <script type="application/javascript">

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