In 2021, online gambling stocks will continue to be one of the most popular investment ideas. While the coronavirus outbreak has sparked a surge in fresh interest in online gaming, each company has something unique to offer.
We are all aware that some of the most popular gambling stocks, such as Las Vegas Sands (NYSE: LVS), have taken a significant damage in the stock market and have yet to rebound to pre-pandemic levels. Companies with best US online casino gambling presence, on the other hand, have taken the traditional gambling market by storm in the last year.
To be honest, the online gambling market is massive, and it is now expanding at a breakneck pace. According to the American Gaming Association, $13 billion was gambled in the first full year of legal sports betting in the United States in 2018. (AGA).
On that note, let us share with you some of the best gambling stocks that you can simply explore.
Esports Technologies
Esports Technologies may have caught the attention of investors interested in online gambling stocks. To begin, Esports Technologies is a Las Vegas-based corporation that specializes in Esports and competitive usa online casino gambling. The company is recognized for facilitating Esports betting, such as League of Legends.
DraftKings Inc.
In today’s stock market, DraftKings is another hot name. As the online gaming sector continues to be at the forefront of the epidemic, its stock has enjoyed a fantastic start to the year. After inking an agreement to be the official sports betting partner of the National Football League, the sports wagering company rallies in after-hours trading on Thursday (NFL).
Penn National Gaming
Penn National Gaming, like DraftKings, has seen a strong surge since the beginning of the year, climbing about 25% year to date. The corporation runs 41 sites in 19 states, giving it the broadest and most diverse regional gaming footprint in the country. Because of its increase in online gaming offerings, PENN stock has been a darling among investors. These new initiatives will be beneficial in the future.
