In this article, we will discuss: 10 Best Casino Stocks To Buy Now.
Casino stocks are shares of publicly listed businesses in the gaming and gambling market, especially those that run online betting sites, casinos, or resorts. These businesses generate revenue through entertainment, hospitality, and gambling (such as slot machines, table games, and sports betting).
The use of dollar-pegged stablecoins has contributed to the spectacular growth of cryptocurrency gambling, which has grown into a multibillion-dollar worldwide business. In 2024, Stake alone reported $4.7 billion in gross gaming revenues (GGR), which are now reported by platforms in the billions. Though figures differ significantly, Yield Sec reported $81.4 billion in GGR for cryptocurrency casinos, while Tanzanite, an analytics firm that uses blockchain data from 90 wallets, disputes this, arguing that the real amount is more like $10 billion. Stablecoins like USDT and USDC made it possible to conduct low-cost, cross-border transactions, eliminating the volatility barrier associated with cryptocurrencies and opening up capital-controlled markets.
There is extraordinary adoption in new areas where traditional financial infrastructure is unreliable. According to the October 2024 Chainalysis study on stablecoins in Latin America, stablecoin usage in Venezuela, Argentina, and Brazil is primarily responsible for the 42% annual growth rate in cryptocurrency usage. The same stablecoin that allows a freelancer to get money may now be used for entertainment on cryptocurrency gambling sites.
With that said, here are the 10 Best Casino Stocks To Buy Now.
A close-up of a roulette wheel in a luxurious casino.
Methodology:
For this article, we sifted through Casino online rankings to form an initial list of the 20 Best Casino Stocks. From the resultant dataset, we chose 10 stocks with the highest number of hedge fund investors, using Insider Monkey’s database of 1,000 hedge funds in Q1 2025 to gauge hedge fund sentiment for stocks.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10. Boyd Gaming Corporation (NYSE:BYD)
Number of Hedge Fund Holders: 38
Boyd Gaming Corporation (NYSE:BYD) and International Game Technology PLC have extended their collaboration with a new three-year contract that was revealed on June 16, 2025.
The agreement ensures that IGT’s PlaySports platform will continue to power Boyd Gaming’s Nevada retail and mobile sports betting operations through August 2028. Boyd also plans to keep IGT’s PlaySports kiosks in all ten of its retail outlets around the state.
Boyd Gaming Corporation (NYSE:BYD) and IGT have been working together since 2018. Boyd’s sportsbook operations are supported by IGT’s PlaySports technology. The extension strengthens IGT’s position in the cutthroat Nevada sports betting industry, where PlaySports’ self-service options, scalability, and dependability are crucial.
Boyd Gaming Corporation (NYSE:BYD) establishments in eight additional U.S. states have already implemented IGT’s PlaySports platform. IGT has approximately 11,000 employees globally and was crowned “Sportsbook Platform Provider of the Year” at the 2024 EGR North America Awards, showcasing its leadership in the gaming technology field. Boyd Gaming Corporation (NYSE:BYD) is one of the best casino stocks.
9. Churchill Downs Incorporated (NASDAQ:CHDN)
Number of Hedge Fund Holders: 39
Citizens JMP kept its Outperform rating on Churchill Downs Incorporated (NASDAQ:CHDN) and reduced its price objective from $144 to $138 on May 27. The change comes after the business in Louisiana removed its historic racing machines, which were estimated to have generated between $10 million and $15 million in EBITDA annually.
Since the machines had previously produced a consistent flow of income, their withdrawal marks a significant loss for Churchill Downs Incorporated (NASDAQ:CHDN). Although the company is actively seeking mitigation solutions to offset the lost EBITDA, Citizens JMP acknowledges the financial impact. The company maintains its optimistic view of its long-term prospects despite the setback, pointing to the company’s ongoing operational resiliency and management’s focus on earnings growth.
Churchill Downs Incorporated (NASDAQ:CHDN) is a firm that offers online betting, racing, and gaming entertainment. It is divided into three business segments: Gaming, Wagering Services, and Live and Historical Racing. The gaming section covers the earnings and costs of the racetracks and casino assets that support the casino license. It is among the best casino stocks.
