iGaming and sport betting are starting to take off in 2021…
If you don’t already know, iGaming allows people to bet on the outcome of a game or event, such as poker, sports betting and online casinos, via the internet.
That gives traders and investors all the more reason to put their hard-earned cash into these two gambling stocks to bet on in 2021.
With more and more states legalizing iGaming, it’s only a matter of time until it’s lawful under the federal level, which should increase the demand of these gambling stocks...
The first gambling stock to bet on in 2021 is BALY.
Bally’s Corp. (NYSE: BALY) is a gaming company that owns and manages 11 casinos in seven different states, along with a horse racetrack and authorized OTB licenses (off track betting) in Colorado.
The company's accelerated move into online sports wagering turned it into another vehicle to gain exposure to the online sportsbook megatrend.
And the price of this gambling stock to bet on in 2021 should continue moving higher as more states legalize online gaming and sportsbooks, or places where gamblers can wager on various competitions, over the next few quarters.
The best part about BALY is that it trades on the Russell 2000. In case you haven’t watched any of my other videos, the Russell 2000 just so happens to be the highest performing index right now in terms of momentum and relative strength.
But the next gambling stock to bet on in 2021 you may ask...
This company also owns and operates gaming, racing and video gaming terminal operations with a focus on slot machine entertainment. And in January of 2020, the company invested $163 million in Barstool Sports for a 36% equity.
And I’ve been on it like white on rice since then!
Check out my short video below to learn more about BALY and reveal the second gambling stock to bet on in 2021. If you haven’t already, subscribe to my YouTube channel and give this video a thumbs up.