Investing in stocks has often been compared to gambling. Investors take a chance on a particular asset and enjoy financial gains if their selection performs well.

There are lots of variables to consider when investing in stocks, including how long-term you want your investment to be. Many investors choose low-risk opportunities for long-term investments, while those looking for short-term gains might be more likely to take risks.

One popular sector that is seeing a lot of investment is online gambling. The online betting industry offers a variety of markets including casino games, sports betting, and much more. For online slots, real money betting can offer huge returns, with the largest returns often coming from slots players who staked a tiny amount on a spin.

Gambling expert Vlad Grindu explains that online slots are the most popular casino game and players can benefit from bonuses and promotions to increase winnings. 

But there’s another way to profit from the industry without betting on the games themselves. This growing industry is seeing record profits in states that have passed legislation allowing online betting sites to operate. Wily investors are exploring which operators have the potential to capitalize on this market and whether additional states are planning to legalize online gambling in 2024.

Investing in Gambling Stock

To invest in gambling stock your first step will be to select a reputable trading platform. You will then be able to set up your account and add a payment method.

Next, you can search for the stock you want to invest in directly by name or using their ticker symbol. A ticker symbol is a unique letter sequence assigned to stock for trading purposes.

After finding the stock that you want to invest in, you can place your order. You will then be able to track your progress with online tracking services or apps.

The Top 8 Gambling Stocks for 2024

Before investing in stock you should undertake all due diligence by fully researching the company, its market position, leadership, and financial health.

DraftKings (DKNG)

DraftKings is an international sports entertainment company that provides a variety of media, fantasy sports, and online sports betting. The company employs more than 4,200 staff and enjoyed a strong 2023, with its third-quarter earnings showing a 57% year-over-year increase by rising to $790 million.

Scientific Games Corporation (SGMS)

Investors looking for an option that isn’t directly involved in betting operations might consider Scientific Games Corporation. This is a tech-based development company that provides content, services, and products for the U.S. digital gaming industry.

All gambling operators depend on new tech to stay ahead of competitors, and backing the people behind that tech is a great option. 

Scientific Games Corporation’s current market capitalization sits at $5,613,998,592.

Las Vegas Sands (LVS)

Las Vegas Sands has a focus on physical betting locations and is one of the world’s premier integrated resort developers. It is the owner of the world-renowned Marina Bay Sands in Singapore, as well as a selection of other resorts in Singapore and Macao.

MGM Resorts International (MGM)

MGM Resorts International is another international company that specializes in hospitality and entertainment. Headquartered in Las Vegas, MGM Resorts International has a rich portfolio of integrated casino resorts with entertainment, retail, convention, and hotel facilities.

Penn National Gaming (PENN)

Penn National Gaming is a U.S.-based entertainment company that specializes in betting operations including casino and racing facilities as well as online betting.

Penn Interactive Ventures operates online sports betting, bingo, and casinos as well as retail sports betting facilities across North America.

Flutter Entertainment PLC ADR (PDYPY)

Flutter Entertainment plc is an Irish-based gaming and sports betting company whose operations are split into U.S., International, Australia, and UK & Ireland.

A market capitalization of $29,422,917,632 looks set to grow thanks to its diverse portfolio of betting products.

Everi (EVRI)

Everi Holdings Inc. is another company located in Las Vegas that develops and supplies some of the top gaming machines, systems, services, and game content. It is operational in the U.S., Canada, the U.K., Australia, the Caribbean, Europe, Asia, and Central America.

The company is split between finTech solutions and games and its global reach has secured a current market capitalization of $900,160,640.

Gan (GAN)

Those who prefer behind-the-scenes operations may be swayed towards GAN Limited who offer a B2B software supplier to the international casino and sports betting markets as well as B2C services.

They have a current market capitalization of $68,509,288 and are active in the U.S., Latin American, and European markets.

Conclusion

All investments should be made on the back of sound advice and thorough research. The global betting industry is enjoying unprecedented profits thanks to the development of high-quality online betting facilities.

Continued development and greater connectivity help to improve online gaming experiences for consumers, and the market looks set to continue to flourish.