Investing In Gambling Stocks – Top Choices

Tue Jun 04 2024
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Investing In Gambling Stocks – Top Choices

The gambling industry has grown exponentially over the last decade and is expected to hit US$1.4 Trillion by 2030. It is a broad sector comprising niches such as games of chance, sports betting and lotteries. 

Gambling is also a lucrative industry; we can now see investors all over trying to get a piece of the cake. Different countries have also worked hard to create favourable environments and set regulations protecting players and operators.

Why invest in gambling stocks, and what to look out for

Some gambling companies have become so profitable and even gone public. Such companies trade their stocks publicly, and you can also become a shareholder and enjoy the benefits of this. Gambling regulations vary from one country to another, and you must understand what is applicable in your case before you invest. 

Many of gambling suppliers have large offices in India, even though their headquarters are based in Europe or the US. There are also quite many familiar brands around like Big Boost casino and Sportskeeda, which focus on odds. 

While it is fair to say that we are well-acquainted with the gambling industry, not many of these companies are big enough to get listed. This article is about “the big guys”, companies who might not be the most attractive ones for actual gambling, yet who are worth following from the investment perspective.

So, let’s get started. These are some of the profitable gambling stocks you should take a closer look at today if you are looking for exciting investment opportunities into the gambling industry:

Caesars Entertainment

Caesars Entertainment is a big name in the online sports betting industry. It came into the limelight due to its famous Caesars Palace casino in Las Vegas. The company operates over 50 casinos in the US. This brand has undergone various transformations and even acquired William Hill to create the Caesars Sportsbook. 

Caesars Entertainment is very aggressive in its campaigns, which explains why it always attracts new customers. It is also one of the few companies investing in brick-and-mortar casinos in the US and beyond. Its operations in Macau and Singapore also hold great potential for those buying its stock. 

Boyd Gaming Corporation

Boyd Gaming is a hospitality and gaming company that operates many hotels and casinos. The company is known for its hotels, which offer unique dining experiences and facilities for events such as weddings, reunions, and group meetings. 

Its Stardust Social Casino offers classic table games, video poker, and over 200 slot machines. Boyd Gaming also owns FanDuel Sportsbook, where players can bet on sporting events and benefit from supporting their favourite clubs. Its applications are available for iOS and Android users. 

Penn National Gaming

Penn National Gaming is a publicly traded company in the United States. The company operates in 20 states and has over 44 casinos. It is also online, made possible by acquiring companies like BarStool in 2020 and theScore in 2021. 

Penn National Gaming currently operates in Canada and the United States. The company does not focus a lot on nationwide campaigns but prefers targeted ads for its campaigns. 

Roundhill Sports Betting & iGaming ETF

Roundhill Sports Betting & iGaming ETF differs from the stocks we have covered so far. This company invests in gambling companies and allows investors to benefit from a large portfolio. This ETF focuses on sports betting and online gaming. 

Roundhill Sports Betting & iGaming ETF also invests in technology that powers online gaming platforms, sportsbooks and casinos. This stock is a good pick for those who don’t want to invest much time researching different stocks in the gambling industry.

Genius Sports Limited

Genius Sports Limited is a betting data specialist that has impacted various sectors of the gambling industry. This company has various technologies that can be used to launch or even upgrade an existing sportsbook. Its sports-tech technology also comes in handy for those who want to introduce, grow or optimise their sports. The company also has a product to capture and engage fans at every funnel stage. 

Everi Holdings Inc

Everi Holdings Inc. offers fintech solutions, games, and loyalty programs focused on the gambling industry. The company has over 60 game titles, and Dynamite Pop!™: Red Rush & Blue Blast is one of the biggest hits. It also offers a mobile gaming solution that can be customised for various clients. 

Above are some popular gambling stocks that you can invest in to become an industry mover. You can become a long-term investor or target small price movements as a day trader. The best stocks to buy are for those companies with a good reputation and operating in a well-regulated region.

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