With over 1.6 billion gamblers globally, the gaming sector is expected to be one of the fastest-growing in the world. The global gaming industry is expected to grow at a CAGR of 10% from $465.76 billion in 2020 to $516.03 billion in 2021. From $58.96 billion in 2019 to $92.86 billion in 2023, the online gaming market is expected to grow at a 12.0% annual rate. After its IPO in 2020, DraftKings Inc. saw a massive spike in its stock price. The CEO of Wynn Resorts Limited says the company needed to exploit the potential given by the growing popularity of online gaming. Wynn Interactive and Austerlitz Acquisition Corporation will merge for $3.2 billion. This year, Gambling.com will begin trading on the stock exchange under the ticker symbol GAMB. Since its inception in the year 2000, the company has grown to over 23.1 million active members. The company’s revenue in 2020 is expected to be $27.98 million.
Here is Insider Monkey’s list of the 15 best gambling stocks to buy now. Flutter Entertainment PLC is ranked 15th. Paddy Power and its opponent, Betfair, merged to establish the company. The Stars Group and the corporation agreed to buy each other in 2020. Churchill Downs Incorporated is ranked 14th. Over the last few years, the firm has expanded its holdings with other tracks in Kentucky, Louisiana, and Florida. GAN Limited is ranked 13th. Through its freemium, simulated iGaming, and real money iGaming platforms, the corporation provides online casino gambling. It paid $175.9 million for Coolbet earlier this year. SciPlay Corporation is ranked 12th. Koukoi Games Oy, a Finnish mobile game developer, was bought by the business earlier this month. SciPlay Corporation’s price target has been upped by Macquarie from $23 to $25. Everi Holdings Inc. is ranked 10th. Among other things, the corporation makes slot machines and provides financial equipment and services to casinos. In July, BTIG analyst Mark Palmer made a comment on Everi Holdings. For more details, click 15 Best Gambling Stocks to Buy Now.
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