5 Best Casino Stocks to Buy for 2023

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In this article, we will be taking a look at the 5 best casino stocks to buy for 2023. To read our detailed analysis of these stocks and the casino industry, you can go directly to see the 14 Best Casino Stocks to Buy for 2023.

5. DraftKings Inc. (NASDAQ:DKNG)

Number of Hedge Fund Holders: 34

DraftKings Inc. (NASDAQ:DKNG) is a casino and gambling company operating a digital sports entertainment and gaming business. It is based in Boston, Massachusetts.

Susquehanna’s Joseph Stauff reiterated a Positive rating and a $19 price target on DraftKings Inc. (NASDAQ:DKNG) shares on November 22.

In November, DraftKings Inc. (NASDAQ:DKNG) saw a robust recovery in light of news that the Fed’s rate hikes could be coming to an end. The company has a strong consumer base, with its sports betting being live among 36% of the US population as of this October. In the second quarter, the company’s monthly paid users grew to 1.5 million, up 30% year-over-year.

There were 34 hedge funds long DraftKings Inc. (NASDAQ:DKNG) in the third quarter, with a total stake value of $830 million.

Follow Draftkings Holdings Inc. (NASDAQ:DKNG)

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