Best iGaming Stocks to Invest in 2020

iGaming is hot right now! Ever since PASPA was repealed, and online sports betting started to take off, we’re now seeing plenty of entrants in the gambling space overall in the US. The time is right to take a closer look at some online gambling providers who investors are able to get a slice of the action with.

While gaming sites may be the front of the operation when it comes to what we’re able to see and play, it’s often stalwart gambling companies or upstart iGaming technology companies that are the best bet on the stock exchange.

Here are four of our top picks for iGaming stocks as we head into 2020.

Everi Holdings Inc.

Everi Holdings Inc. is a Las Vegas based enterprise that offers gaming, fintech, and intelligence solutions for the casino sector. Since floating, Everi has seen a slow but steady climb in stock price, and, considering their experience, are poised to keep climbing as they offer their expertise to expanding online casinos in the US market. Current market price on NASDAQ at time of print is sitting at $12.83, with a year increase of 132.73%.

 

Churchill Downs Inc.

“The Kentucky Derby is just the beginning…” reads the beginning of the Churchill Downs story – and they’re right. With roots firmly based in the 1875 Kentucky Derby, Churchill Downs has grown to be more than just a reputable land-based horse betting provider, but also a provider of other land-based gaming facilities as well as a growing online betting presence. Current market price on NASDAQ at time of print is sitting at $134.64, with a year increase of 61.87%.

 

Wynn Resorts

Wynn is a household name, driven by their resort casinos all over the world. However, seeing the value in iGaming, Wynn has also made moves in the segment, chasing the new sportsbook and iGaming dollar, which combined with their expertise in casinos can make for impressive products in the space. Current market price on NASDAQ at time of print is sitting at $140.26, with a year increase of 28.10%.

 

Scientific Games Corp

Scientific Games are nothing but a juggernaut worth betting on

While it might sound like they make science-based video games, Scientific Games Corp offers services under gaming and lotteries – and has even joined forces with Everi Holding before. It also offers a game suites used by various types of online casinos, including low deposit online casino sites. Their digital stream provides iGaming and sports betting solutions online. While not as ‘hot’ a stock as some of the other iGaming providers, this corporation is a niche offering that could be a winner. Current market price on NASDAQ at time of print is sitting at $25.28, with a year increase of 28.38%.

As with any advice you read online, make sure to do your due diligence before purchasing stocks with any of these companies. While we can offer friendly advice, it’s up to you to determine whether this will be a smart financial decision for your situation. Be sure to keep on top of iGaming news to determine when’s a good time to hold and when’s a good time to sell.

 

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