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A financially responsible way to manage disposable income is to invest it in assets that help it grow. Unfortunately, making a wrong decision when investing can lead to significant losses, so extreme caution is advised. A sector that has shown promise and resilience is iGaming, and it will continue its upward trajectory in the years to come.  

Investors are taking note, looking at the brands that not only lead in revenue but also in reputation. And you can be sure of that by reviewing the best online casinos at Casino of the Kings – a trusted platform that highlights operators known for fast payouts, game variety, and secure gameplay. These user-centric strengths often mirror the performance indicators that make certain iGaming stocks worth watching.

This article examines several leading iGaming stocks. We will talk about performance, market expansion potential, and industrial standing. 

What Are The Reasons Behind iGaming Stocks Investment?

In 2022, the global online gambling market was valued at around $70 billion. According to Grand View Research, it is anticipated to grow at a CAGR of 11.7%, reaching $153 billion by 2030. Investing in specific stocks will be easy once you gain an understanding of the iGaming sector and its investment opportunities. Some of the sector drivers include:

• Laws and Policies: Brazil, the U.S., and Canada are expanding their legal framework to include online gambling
• Growth of Mobile Gaming: More than 60% of the revenue of the online gambling industry is generated through mobile devices
• Improved User Engagement: With innovative features such as virtual reality casinos, live betting, and blockchain-powered casinos there is an increase in user engagement
• M&A Activity: The iGaming industry has seen strong acquisition activity enabling new leaders to establish themselves in the market with strong competitive advantages

Let’s now turn to some of the leading stocks in the iGaming industry

DraftKings

DraftKings has shown strong performance on the stock market considering they started out as fantasy sports. Their DFS approach allowed them to operate across multiple states since fantasy sports weren’t legally categorized as gambling. 

The company had a 9.4% decline in its stock prices to $50.59 following the announcement of the $500 million debt raise. However, as per the latest reports, the estimate in EBITDA has re-increased and revenue growth predictions were back. As of now, analytics proposes an average target price of $55.5.

Key Growth Factors:

• Opportunities for expansion in new states within the United States and other countries
• Adding in-game betting and micro-betting. New games are in the works right now with blockchain in mind. They are more transparent and harder to rig, built perfectly for players who want privacy. Take, for instance, the Aviatrix game. This crash-style blockchain game is gaining real traction right now. It has real-time multiplayer features and NFT elements, mixing fairness with fun.
• Additional revenue from sponsorship and partnership deals with important sports teams and leagues

Risks :

• Overspending on marketing strategies targeted toward getting new online customers 
• Risk of regulations in different countries

Evaluation for 2025

The management of the company projects the revenue for 2025 to be between $6.2 and $6.6 billion and the adjusted EBITDA is in the realm of $900 million. So if the target price is between $50.59 – $50.92 you’ll be looking at an 18.87% – 18.95% upside.

Caesars Entertainment Inc.

With its iGaming platforms and Caesars Sportsbook, Caesars Entertainment has a significant online footprint and is already one of the largest hospitality and casino brands.

It showed some volatility as their stock value fell by 30% in 2024. Still, analysts are hopeful of a recovery given the Super Bowl is taking place at the Caesars Superdome. Moreover, many resort developments are currently underway.

Key Growth Factors:

• Well-established brand in the offline and online casino space
• New acquisitions and alliances
• New and existing digital gaming markets in regulated areas

Risks:

• New capital expenditures for resort expansion resulted in significant debt
• Increasing competition from large existing casino operators

Evaluation for 2025

Although this is a strong brand name it would be wise to wait before you invest. The stock currently has strong sell signals, for both long-term and short-term traders. If the value moves to the range of $35.13 – $37.18, then you should strongly consider buying it.  

Gambling.com Group Limited

Gambling.com Group is a performance marketing agency serving the global iGaming market with the help of various digital marketing tools.

The company has grown its stock by 94%, from June 2024, their revenue for Q4 was the highest ever at $35.2 million. This was possible due to acquiring OddsJam to enhance their data marketing capabilities.

Key Growth Factors:

• High revenues from affiliate realtors
• New markets for online gambling
• Proprietary technology improving conversion rates

Risks:

• Loss of iGaming operator partnerships
• Changes in regulation on affiliate marketing for iGaming

Evaluation for 2025

If you are looking to buy, then think carefully. This stock is currently outperforming its industry peers, and although this may seem appealing it could indicate that reaching higher value is less likely. You might lose money on the mispriced purchase. 

Other Notable iGaming Stocks

Besides the top platforms, there are some strong contenders on this list too. 

• Flutter Entertainment 
  • Flutter Entertainment is a parent company of FanDuel, Betfair, and PokerStars’ operations 
  • Strong presence in the US and European markets
  • In 2024 their revenue went up 27% and the monthly user acquisition rate increased by 16%
  • Recently outperformed S&P 500 (had an increase of 3.6%)
  • Successfully migrated FanDuel Casino into its proprietary software
  • FanDuel is the key division of FLUT and it currently holds around 40% of the entire US betting market
  • Currently ranks 2nd on Yahoo’s list of top sin stocks to buy in 2025

• MGM Resorts International 
  • Market share increased by 16% and bookings by 43% in December 2024
  • Joint BetMGM venture with its subsidiary Entain generated over $2 billion in net revenue
  • Net revenue for 2025 expected to reach $2.4 – $2.5 billion
  • Profits in Las Vegas are exceeding expectations and the Macau market is making a strong recovery (MGM China’s net revenue went up by 14%)
  • Insiders own a lot of shares, and they continue to buy them
  • The strategic partnership between MGM and Grupo Globo in Brazil gives them access to 70 million potential users

• Evolution Gaming 
  • The iGaming live dealer casino games market leader
  • Revenue growth resulting from the number of global partners
  • Owns NetEnt, RedTiger, and Nolimit City, all notable game studios in online casino space
  • Profit margins in the last quarter were at 60.30% (companies like Visa and Nvidia failed to achieve the same results)
  • There is still a big demand for live casino games
  • Expected increase in earnings by 21% over the next few years
  • Announced 500EUR million worth of share buyback for 2025
  • A solid buy signal from experts who feel the stock is undervalued
  • Revenue in Europe for Q4 increased by 8.61%

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