This demonstrates the growing nature of this segment in the gaming industry, representing a lucrative investment opportunity for investors in the country.Īccording to the American Gaming Association's Commercial Gaming Revenue Tracker report for the first quarter, gross gaming revenue (GGR) has been growing exponentially in the US between 20. It also generated an additional $3.71 billion in online casino revenue. According to a report on US online gaming published by MVB Bank this March, online sports betting accounted for over 80% of the all-time high of $4.29 billion in sports betting revenue in the US in 2021.

However, since its legalization, the online gaming channel has helped the broader US gaming market bounce back from its downturn. (NASDAQ: CZR), MGM Resorts International (NYSE: MGM), and Boyd Gaming Corporation (NYSE: BYD) have always been around and have been performing well even before online sports betting became a contributor. This has resulted in the gambling and casino industry developing a whole new segment of online sports betting, one that has grown exponentially over the past few years and begun contributing significantly to the American economy.Ĭompanies in the gambling sector like Caesars Entertainment Inc. Since then, many states in the US legalized sports betting or are working on its legalization. Over three years ago, the US Supreme Court delivered a landmark judgment striking down the federal ban on sports betting.

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

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