Attention to gambling industry skyrocketed in 2020, bringing value to many gambling stocks. Let’s find out which of them are worth investing in 2021!
While online betting saved the casino industry in 2020, while resorts in Las Vegas, Atlantic City and other parts of the country (and the world) have been shut down by the pandemic, real casinos are still what most people associate with gambling industry.
The modern person is into taking risks, and many go to the casino to make up for the lack of thrills in life. Casino games, bets can be profitable if you do the proper due diligence or use the platforms like
utansvensklicens.casino to find the best casino, or they can take all your money. However, it is not the only way to invest in gambling. Today, many companies and investors choose to invest in gambling stocks.
4 Best Gambling Stocks to Buy in 2021
The coronavirus pandemic has closed many people in their homes, restricted them from society and temporarily took away their earnings. It is not surprising that it was in 2019 that a huge growth in the popularity of gambling campaigns began. According to The Business Research Company
report, the number of US online poker players increased by 255% after the pandemic began.
The same report claims that online gambling market size will grow to $113 billion in 2023, so by almost 100% since 2019. This fact, so as many others, attracts people to invest in gambling stocks.
The crucial question is:
What gambling stocks are worth investing in 2021?
BETZ (Roundhill Sports Betting & iGaming ETF)
BETZ is the world's first index that helps keep track of the gambling and sports betting industry. The index also evaluates sportsbooks, technology, casinos with both large and small market caps. As you already understood, this index is a basic investment, since with its help you can later decide which gambling stocks are best to invest in.
Of course, let's not disregard the chart above. Here we wanted to show you that the introduction of an article is not just words. From June 2020 the BETZ price increased from 14.79 USD to 32.44 USD in April 2021.
BALY (Bally’s Corporation)
Moving from theory to practice. To begin with, let's recall the previously mentioned report claiming that in 2020 mobile gambling was going to bring around 70% of total gambling revenues. That is why we consider BALY a very good investment.
It consists of two mobile apps. The first one brings news, scores, stats, betting information from your favorite sports and teams. And, the second one allows you to place bets based on the info you receive in the news app.
Convenient, right?
Well, the trading figures are remarkable with this stock. Since the end of March 2020, the price grew from 7.58 USD to 71.63 USD at the beginning of March 2021.
FUBO (FuboTV Inc.)
This platform gives users access to over 50,000 live broadcasts of football, basketball, various championships and so on. In January 2015, the company was launched to stream football matches. But by 2017, fuboTV had turned into a service of live sports events from all over the world. The startup later became a distributor of multichannel television.
If you look at the price chart, you will see one big and important difference between these stocks and the other two above - despite the positive impact of the pandemic on the price, ATH was never reached during this period, and back in 2015, the platform's shares were trading at more than 5,000 per unit.
Looks promising to us.
GAN (GameAccount Network)
GameAccount Network is the largest provider of online gaming and casino software in the US and beyond. They provide both real money gambling software and virtual betting software. Also, they do offer various games such as casino games (classic and video slots, etc.), table games (virtual poker, Blackjack, etc.), and casual games like Bingo.
As we may see from the chart, in the middle of 2020, the stocks price reached 25.45 USD, and then, after a deep correction, the new ATH - 25.58 USD was reached at the beginning of 2021.
Pros and Cons of Investing in Gambling Stocks
In fact, gambling stocks are no different from regular stocks if you thoroughly check the company you are investing in. The main risk is that we do not know how many years casinos and online betting will be popular.
On the one hand, we cannot be sure that some masterpiece mobile phone will not come out in 2024 and eclipse Apple, and along with this, will decrease the stocks’ price. We never know how much 1 Bitcoin will cost in 2022 - $100,000 or $100, but we still invest our money in crypto.
On the other hand, investing in gambling stocks is a very good passive income in case you invest in trusted and legit companies. You should consider that investing in stocks is not only about companies that are already big and successful. Instead, it is more popular (and risky as well) to look for young prominent companies to buy cheap stocks. In this case, you should review them even more than usual.
The Best Gambling Stocks to Buy in 2021 - Conclusions
Investing in gambling and other stocks is a type of gambling as well, where you can’t be 100% you win. From your side, you should make sure you did proper due diligence and you know the company. Thus, with all the gathered data, stats, future plans, partners, etc., you will be able to make the right decision.
In this article we gave you some crucial advice, such as the list of the best gambling stocks to invest in 2021.
Who knows, maybe one of these stocks will bring you profit in 2022?