Largest Gambling Stocks Of 2021

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The gambling and casino industries have regained their footing. According to the American Gaming Association, casino revenues in the United States fell 31.3 percent in 2020. In 2025, the global gambling industry is predicted to increase at a CAGR of 7%, reaching $674.7 billion. The Casinos & Gaming Index has risen by 35.33 percent in the last year, compared to 34.2 percent for the S&P 500. In May, Nevada casinos raked in $1.23 billion in prizes, the largest monthly total in the state’s history.

Insider Monkey analyzes the list of the largest gambling stocks of 2021. Red Rock Resorts, Inc. is a major gaming firm with 21 casinos and resorts around the United States. B. Riley recently praised the company’s creation of an online social casino, which he believes would bring in more clients. In the face of the epidemic, DraftKings Inc. took a lot of hits. However, the stock has recovered, with a year-to-date return of 25.97 percent. DraftKings reported sales of $298 million in the second quarter, up 320 percent from the previous quarter. In Q2 2021, the company recorded a 222 percent increase in revenue, to $566.7 million. Melco Resorts & Entertainment Limited had 29 hedge funds bullish at the end of Q2, the same as the previous quarter. Churchill Downs Incorporated is one of the largest gambling stocks in 2021, with over 16 industry-leading casinos. On October 26, Boyd Gaming Corporation released its third-quarter results, with an EPS of $1.30, $0.04 more than analysts’ expectations. The corporation recorded $846 million in revenue, up from $652.2 million the previous year. For more details, click 10 Largest Gambling Stocks Of 2021.

 

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