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.
Our 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.
8. Everi Holdings Inc. (NYSE:EVRI)
Number of Hedge Fund Holders: 41
Everi Holdings Inc. (NYSE:EVRI) declared that PENN Entertainment’s new “PENN Wallet” at M Resort Spa Casino in Henderson, Nevada, is now powered by its CashClub Wallet® technology.
This is the state’s first implementation of Everi Holdings Inc. (NYSE:EVRI)’s mobile wallet. The smart wallet allows guests to make cashless payments around the gaming floor while seamlessly integrating with existing loyalty and payment systems. Its CashClub Wallet has been deployed by PENN in 22 properties across 11 jurisdictions.
CashClub Wallet is the most extensively used land-based digital gaming wallet in the United States, accepting money from PayPal and Apple Pay via Everi Holdings Inc. (NYSE:EVRI)’s Banking as a Service infrastructure. The solution provides self-service, efficient cross-channel payments, improving both operational efficiency and player experience.
The wallet’s function in enhancing customer interaction and expediting the funding process was emphasized by Darren Simmons, Executive VP and FinTech Business Leader at Everi Holdings Inc. (NYSE:EVRI). The business plans to update the cash-centric casino culture across the country. It is ranked eighth on our list of the best casino stocks.
7. Wynn Resorts, Limited (NASDAQ:WYNN)
Number of Hedge Fund Holders: 48
Wynn Resorts, Limited (NASDAQ:WYNN) has officially launched Wynn Mayfair following its acquisition from Crown Resorts, with approval from the UK Gaming Commission.
The luxury private members-only club, which is situated at 27–28 Curzon Street, is part of Wynn Resorts, Limited (NASDAQ:WYNN)’s strategic European development before the Wynn Al Marjan Island resort opens in the United Arab Emirates in early 2027.
The Wynn Mayfair has six private salons, a rooftop terrace, and twenty gaming tables located between two historic townhouses in London’s Mayfair neighborhood. The public can now enjoy great wines, unique cocktails, and locally sourced food at The Bar and The Dining Room.
Originally known as the White Elephant Club in the 1960s, the club rose to notoriety under gaming personality John Aspinall and has welcomed celebrities such as Roger Moore and Princess Margaret. Wynn Resorts, Limited (NASDAQ:WYNN)’s arrival at this renowned location supports its luxury positioning in international markets and fits well with its future expansion plan in the United Arab Emirates. It is one of the best casino stocks.
6. Las Vegas Sands Corp (NYSE:LVS)
Number of Hedge Fund Holders: 51
Stephen Grambling, a Morgan Stanley analyst, maintained his Equal Weight rating on Las Vegas Sands Corp (NYSE:LVS) and lifted his price objective from $43 to $45 on May 30.
The revision comes after in-line forecasts and better-than-expected Q1 performance. Morgan Stanley also raised forecasts for its Gaming and Lodging coverage, citing mark-to-market adjustments for higher sector multiples.
Improved Q1 performance and valuation revisions in the larger Gaming & Lodging sector are reflected in Grambling’s moderate estimate upgrades. He points out that discounted valuations indicate ongoing market pessimism in the foreseeable future, notwithstanding these corrections.
Although the Equal Weight rating indicates a neutral perspective on the stock’s upside, the $2 increase in Las Vegas Sands Corp (NYSE:LVS)’ objective is consistent with better quarterly results. Despite valuation-based opportunities, the firm’s overall sector perspective indicates a wait-and-see strategy that takes into account both recent earnings strength and caution regarding current investor sentiment. It is among the best casino stocks to invest in.
5. MGM Resorts International (NYSE:MGM)
Number of Hedge Fund Holders: 52
Century Casinos has announced a long-term partnership with MGM Resorts International (NYSE:MGM)’s BetMGM to launch online and mobile sports betting in Missouri at its Century Casino & Hotel Cape Girardeau.
BetMGM will use Century’s license to run sports betting under the terms of the arrangement, and Century will get a cut of net gaming income, with a minimum guaranteed. The agreement is based on regulatory approvals and permits Century to offer retail sportsbook options at its discretion.
Century’s strategic position in Missouri’s developing sports betting market is strengthened by the agreement. Peter Hoetzinger and Erwin Haitzmann, co-CEOs, stressed the action as a crucial step in improving the value of its licenses in Missouri.
BetMGM, founded in 2018 as a joint venture between MGM Resorts International (NYSE:MGM) and Entain Plc, delivers proprietary U.S.-licensed technology and operates major brands like BetMGM, Borgata Casino, and Party Poker. Both companies’ goals are to boost their market share and take advantage of the current gaming infrastructure, which is reflected in this agreement.
4. Penn Entertainment Inc. (NASDAQ:PENN)
Number of Hedge Fund Holders: 56
Susquehanna maintained a positive recommendation on Penn Entertainment Inc. (NASDAQ:PENN) and increased its price objective from $24 to $25 on June 10.
The firm stated that the outcome of the impending proxy contest, which is anticipated to end by June 17, will probably be disappointing. Susquehanna does not expect any major strategy changes regardless of the result, but the analyst gives the appointment of two new board members a high possibility and the addition of three a low probability.
Susquehanna acknowledged the recent mid-course correction in Penn Entertainment Inc. (NASDAQ:PENN)’s digital strategy, calling the change “painful” and contributing to the stock’s slow growth. Nonetheless, the management sees the change as a necessary realignment to set up the business for long-term success.
The board overhaul is not anticipated to result in significant operational changes, despite temporary setbacks. The updated price target shows a little rise in optimism, based more on stabilization than revolutionary expansion.
3. Caesars Entertainment, Inc. (NASDAQ:CZR)
Number of Hedge Fund Holders: 63
Caesars Entertainment, Inc. (NASDAQ:CZR) has been designated a 2025 Civic 50 honoree by Points of Light, marking the company’s 11th consecutive year on the list of the best community-minded businesses in the United States.
Caesars Entertainment, Inc. (NASDAQ:CZR) donated $3.4 million from the Caesars Foundation to community projects in 2024, totaling over $71 million. The company’s dedication to civic participation and social responsibility is shown by the 93,000 volunteer hours that its workers have donated nationwide.
Companies with yearly sales of over $1 billion are ranked according to their corporate citizenship by True Impact’s Civic 50 and VeraWorks’ analysis. Caesars Entertainment, Inc. (NASDAQ:CZR) received recognition for its Extraordinary HERO initiative, which honors outstanding employee accomplishments, and its HERO volunteer program.
SVP Kiersten Flint claims that Caesars Entertainment, Inc. (NASDAQ:CZR)’ CSR approach, which is defined under the motto “People, Planet, Play,” directs its environmental and philanthropic initiatives. It is ranked third on our list of the best casino stocks.
2. DraftKings Inc. (NASDAQ:DKNG)
Number of Hedge Fund Holders: 70
During Problem Gambling Awareness Month, DraftKings Inc. (NASDAQ:DKNG) announced the extension of its responsible gaming programs and the continuation of its State Council Funding Program.
Since its inception in 2022, the program has disbursed over $2 million, and in 2025, it will distribute over $500,000 to 34 state councils in the United States. The firm also celebrated the 13 million unique visits to My Stat Sheet, a service that almost half of all DraftKings Inc. (NASDAQ:DKNG) players use.
Furthermore, DraftKings Inc. (NASDAQ:DKNG) is promoting responsible gaming in advance of the NCAA basketball tournaments with a $10 million global advertising campaign that was created with branding assistance from the NFL and NBA. It is one of the best casino stocks.
DraftKings Inc. (NASDAQ:DKNG)’ push for legitimate gaming is centered on education and openness. Local projects like outreach improvements in Maryland and North Carolina, treatment facility modifications in Louisiana, and hotline technology updates in California are funded by its State Council Funding Program.
My Stat Sheet provides individualized gaming information, such as net results, wagers, and time spent. This program encourages player self-awareness by mimicking devices such as fitness monitors. The company’s $10 million advertising campaign, which makes use of well-known collaborations and important athletic events, highlights its larger commitment to ethical play.
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.
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