A lot of industries are struggling in the current economic climate, but that is certainly not the case for the iGaming one.

It is enjoying really remarkable growth, driven by wider societal trends – such as the popularity of gaming and the internet – as well as changes to the regulatory landscape.

Those changes are happening in the US in particular and casino providers in this list are thriving as a result, casino games have all seen their fanbases grow tremendously.

The opening quarter of last year saw revenues for the iGaming sector rise by 22.7% to $1.48 billion.

One of the knock-on effects of that has been to place the sector squarely on the radar of investors.

It is clearly a growth industry, and all of the signs point to that continuing to be the case.

There are iGaming stocks that stand out as some of the best investment opportunities around right now.

So let’s take a deep dive into the subject so that you can find out the stocks to put your money into.

MGM Resorts

This is listed on the New York Stock Exchange (NYSE) as ‘MGM’ and it is in a very healthy state.

After stumbling a few years ago, the MGM stock price made a rapid recovery and has been growing at a steady rate since then.

It is a mix of land-based gaming and iGaming, but the latter part is producing some of the most impressive growth.

This stock includes iGaming assets like LeoVegas and BetMGM, alongside enormous casino complexes in Macau and Las Vegas.

BetMGM increased its revenues by 76% this year compared with last and the company is confident enough to expand into new territories like China and the UK.

All of these facts are indicators that it is a solid investment for anyone who wants to diversify their portfolio.

Flutter

This can be found on the NYSE as PDYFY and it is another growing iGaming stock.

The reasons for that are somewhat different to those behind the success of MGM though.

The name Flutter may not be all that familiar even to fans of iGaming, but they are much more likely to have heard of FanDuel – especially if they live in the US.

That sports betting brand has become the major player in the US market.

It controls a 50% share, which puts it well ahead of even its nearest competitor.

That might seem a bit narrow and parochial compared to the global expansion of MGM, but there is something to be said for sticking to what and where you know well.

The sports betting market in the US is a very lucrative one too. It is forecast to expand by 45% during 2024, which would leave it with a value of $137 billion by the time this year ends.

Much of that is being fuelled by people betting on sporting events online using FanDuel.

Tapping into a single burgeoning area of the iGaming industry and focusing tightly on it is what has helped Flutter to grow.

Making stock market investments is partly a matter of evaluating how much risk you are comfortable with.

Flutter is a stock that offers the potential for considerable rewards in return for quite low risk.

Caesars Entertainment

Almost everyone will be familiar with the name Caesars Palace, which is one of the top land-based casino brands in the world.

There is a lot more to Caesars Entertainment than that these days though, as it is involved in iGaming too.

The main focal point of that part of its operations is Caesars Sportsbook, which has become a popular iGaming app.

There is no question that it has concentrated most of its efforts on the land-based gaming sector until fairly recently, but that is changing.

The company is the owner of the World Series of Poker, which is the top live tournament.

It attracts a global audience, many of whom play poker on the internet. So we can expect iGaming casino expansion from Caesars.

International Game Technology

Listed as IGT, this stock is proof that good iGaming investments are not always about the gaming providers.

IGT specializes in creating slot games and other technologies for online and mobile casino sites.

The rising numbers of people who are signing up to those sites and playing the games means that a steady supply of new games is needed to retain their interest.

Slot games are one type that needs to be refreshed regularly.

Therefore, a company that makes popular online slot games is well positioned for growth.

IGT is proof positive of that, as its profits are rising steadily. That makes it another intriguing stock to consider within the iGaming sector.

All of these stocks are growing in value because the companies behind them have strategies for success.