Next up on this list of gambling stocks to buy is Golden Nugget Online Gaming, a market-leading iGaming platform which has recently hit the public markets through a reverse merger with blank-check.
The pandemic has not only closed many shops and hotels but also damaged the offline entertainment industry. This includes popular bookmaking and gambling houses around the world. Now customers are in no hurry to enter gambling and betting establishments. Instead, they choose to gamble at an online casino without risking their health. In this article, you will find out more about the top five online gambling stocks which are great for both new and savvy investors.
MGM Resorts Taps Into Pennsylvania Gambling With an Online Casino Launch Here's My Top Robinhood Stock to Buy Right Now Caesars, MGM, Others Grapple With a Shrunken Nevada Gambling Win for October. This wide partnership network increases the value of the platform and makes it one of the best online gambling stocks available on the Internet. Their games stand out for their excellent graphics, quality sound, and characters. This approach increases the audience, and, as a result, income and revenue.
This Swedish virtual casino game provider has more than 23 years of experience in the industry.
During this time, they have partnered with many online casinos, including the biggest names in the business. This wide partnership network increases the value of the platform and makes it one of the best online gambling stocks available on the Internet.
Their games stand out for their excellent graphics, quality sound, and characters. This approach increases the audience, and, as a result, income and revenue. As a result, their stock has been doing well for a long time.
DraftKings is an American daily fantasy sports venue and bookmaker established in 2012. It is also profiting from the fact that it’s both an online business. The company had its first public offering this year. And it was a great success.
DraftKings is one of the leading stars in the betting industry. Its assets have risen up immediately after the start of the pandemic and the global lockdown. It offers a great variety of services: not only sports betting, but also online casino gambling, which allows it to optimize profits and reduce risks.
The holding was created as a result of the merger of Paddy Power and Betfair in 2016. It was later acquired by The Stars Group. The service owns many gambling brands (including PokerStars and Betfair) and that fact greatly increases the reputation and financial value of the platform.
Although gambling is only permitted in a few states, more and more states are beginning to authorize it, which means there is lots of opportunity for Flutter Entertainment’s extension.
Golden Nugget is actually a spinoff of the Golden Nugget brick-and-mortar casino business. It has had more of a rough ride than others on this list, so that fact may give some investors pause. The company competes with other similar services, and it does not always succeed in becoming a leader. But perhaps the service will surprise us in the future and still grow?
Their shares have been moving steadily upward since the March selloff with an unexpected jump in September. Maybe one reason for the surge was the 113% increase in online gaming revenue in New Jersey, one of the biggest gambling markets in the USA.
Summing up, those who are looking for a hybrid stock with exposure to both online and offline gambling might consider this option. Keep in mind if you are living in the U.S., it is illegal to bet on offshore casino sites not licensed by the U.S.
Symbol | Grade | Name | Weight |
---|---|---|---|
SPAK | Defiance Next Gen SPAC Derived ETF | 19.39 | |
BETZ | Roundhill Sports Betting & iGaming ETF | 18.96 | |
CSD | Guggenheim Spin-Off ETF | 7.6 | |
PEZ | PowerShares Dynamic Consumer Discretionary | 6.21 | |
BFTR | BlackRock Future Innovators ETF | 4.13 | |
RFV | Guggenheim S&P Midcap 400 Pure Value ETF | 3.77 | |
PEJ | PowerShares Dynamic Leisure & Entertainment Portfolio | 3.58 | |
KSCD | KFA Small Cap Quality Dividend Index ETF | 2.74 | |
PAMC | Pacer Lunt MidCap Multi-Factor Alternator ETF | 2.53 | |
FCTR | First Trust Lunt U.S. Factor Rotation ETF | 2.42 | |
DWEQ | AdvisorShares Dorsey Wright Alpha Equal Weight ETF | 2.0 | |
LBAY | Leatherback Long/Short Alternative Yield ETF | 1.89 | |
AVUV | Avantis U.S. Small Cap Value ETF | 1.89 | |
PDP | PowerShares DWA Technical Leaders Portfolio | 1.84 | |
RFG | Guggenheim S&P Midcap 400 Pure Growth ETF | 1.52 | |
RCD | Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF | 1.49 | |
MDYV | SPDR S&P 400 Mid Cap Value ETF (based on S&P MidCap 400 Value Index | 1.42 | |
FXD | First Trust Consumer Discret. AlphaDEX | 1.37 | |
XMMO | Invesco S&P MidCap Momentum ETF | 1.35 | |
SMDV | ProShares Russell 2000 Dividend Growers ETF | 1.33 |