10 Best Casino Stocks To Buy Now

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1. Flutter Entertainment plc (NYSE:FLUT)

Number of Hedge Fund Holders: 100

FanDuel, Flutter Entertainment plc (NYSE:FLUT)’s top U.S. brand, announced that it will begin charging a $0.50 transaction fee per bet in Illinois starting September 1, 2025.

The Illinois legislature decided to impose a new betting transaction fee on all sports wagers in the state on July 1, 2025, and this response comes after that decision. Flutter Entertainment plc (NYSE:FLUT) stated that after previously bearing the 2024 Illinois betting tax hike, the additional expense renders ongoing client subsidies unsustainable. The firm affirmed that the $0.50 cost will be waived in the event that the state changes its policy.

According to Peter Jackson, CEO of Flutter Entertainment plc (NYSE:FLUT), the Illinois Transaction Fee penalizes highly invested regulated operators like FanDuel and disproportionately affects lower-wage recreational players. He cautioned that the increased charge would push wagerers to unregulated markets with no consumer protections or tax collection.

Flutter Entertainment plc (NYSE:FLUT) underlined that exorbitant fees boost the illegal betting industry while compromising the long-term state income and user experience.

While we acknowledge the potential of FLUT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FLUT and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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