Online Gambling Stocks 2020

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The North America Online Gambling Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.

Consistent with the severe challenges the gaming industry has experienced, the pandemic had a devastating impact on the company in Q2. Revenue plunged 97.1% to $98 million, while LVS posted a net. The 3 Largest Gambling Stocks in 2020 Two iconic casino operators are suffering due to COVID-19 headwinds, but the third is thriving from the online sports betting boom.

The North America online gambling market is projected to register a CAGR of 14.78% during the forecast period (2020 – 2025).

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The 110 Pages report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global North America Online Gambling Market: William Hill PLC, Golden Nugget, MGM Resorts International (Borgata Hotel Casino & Spa), Flutter Entertainment PLC, Caesars Entertainment Corporation, Wild Casino, El Royale Casino, DraftKings, 888 Holding PLC, Slots Empire Casino, The Stars Group Inc, BoVegas, Cherry Gold Casino

Market Overview:

– Casino gambling has been one of the rapidly growing gambling categories, owing to the convenience of usage and optimal user experience. With the advent of technology, there has been a widespread implementation of virtual reality, block chain, and mobile platforms in the gambling industry across the region.
– The current legislation framework for online betting in the United States allows only bookmakers licensed in Nevada, Pennsylvania, Delaware, and New Jersey to operate legally, as these are the four states where online betting is regulated.
– Custom slot types are trending the most in the market, owing to the scope of innovation and personalization by consumers. Moreover, live casinos have gained popularity over the recent past, as they involve a wide deal of live dealers and real-time feedback that help improve the real-world casino experience.

Online Sports Betting Holds a Prominent Share among the Online Gambling

The online betting segment is predominantly applied in the sports category, especially in events, such as FIFA World Cup and European Championships. Some of the popular online sport betting includes football, horse racing, e-sports and other sports bettings. With an aim to gain competitive advantage in sports betting, players are entering into long-term partnerships and agreements. For instance, in June 2019, the National Basketball Players Association and gaming supplier Highlight Games entered into a partnership for a simulated, real-money sports gambling product using NBA highlights and footage. The product is expected to be called NBA Last 90. The product is set to debut in the US and European gaming and lottery markets during the 2019-20 NBA season. Costa Rica has long been a major hub for sports betting.

Canada is The Largest Market

Canada is largely an unregulated country in terms of online gaming. The Canadian Gaming Commission oversees the industry as a whole in Canada, offering information and responding to any serious issues that arise. Laws pertaining to casinos, online gaming, sports betting, and other similar activities are enacted and enforced by individual provinces. The Canadian Gaming Association estimates that the unregulated internet gambling market currently generates around CAD 1 billion in revenues annually, and that those revenues are distributed fairly and evenly between sports betting, casino gaming, and poker. It has been observed that 75%-85% of people in Canada gamble in some form, whether it be charitable gambling or online poker, or any number of other options. Participation in some provinces, like nova Scotia and Saskatchewan, is higher than in other places.

Competitive Landscape

The North America online gambling market is a highly fragmented market and comprises regional and global players such as 888 Holdings PLC, William Hill PLC, Caesars Entertainment Corporation and others. Major players are focusing on mergers and acquisitions to expand their presence in the regional market and to enhance their brand portfolio to cater to various preferences of the consumers. Merger and acquisition is the most preferred strategy in the casino gambling market. The key players are also entering into partnerships/agreements to enhance their offerings. Moreover, these players are also focusing to launch their offering in the new potential markets. For instance: In 2018, 888 Holdings PLC launched a new portfolio of live dealer casino games in New Jersey, as part of the continued expansion of its business in the Garden State.

Influence Of The North America Online Gambling Market Report:

-Comprehensive assessment of all opportunities and risk in the North America Online Gambling market.

– North America Online Gambling market recent innovations and major events.

-A detailed study of business strategies for growth of the North America Online Gambling market-leading players.

-Conclusive study about the growth plot of North America Online Gambling market for forthcoming years.

-In-depth understanding of North America Online Gambling market-particular drivers, constraints and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the North America Online Gambling market.

What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on regional scale.

Analytical Tools: The North America Online Gambling Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

The report has 150 tables and figures browse the report description and TOC:

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Contents

Sports betting and esports betting is a growing industry. With the coronavirus crisis continuing sports betting will experience a likely temporary stall but this gap will be fuelled by the growth in esports and esports betting.

Gambling operators who offer sports and esports betting will concentrate on their esports and online gaming offerings, potentially overcoming a blip in their revenue generation with spending and gambling on gaming. Indeed, esports and gaming is an industry that is thriving as people stay home in 2020. Verizon is reporting increases in online gaming activity of up to 75%. Esports betting sites like Unikrn and Luckbox are reporting unprecedented growth in esports betting activity. Luckbox, for example, saw betting revenue rise by 50% in February and March of 2020.

Coupled with demand and growth, gambling operators are finding new market opportunities and affirmation of their activities in the form of regulatory approvals for sports and esports betting. Nevada’s gambling regulators have now approved betting on Call of Duty, CS:GO, League of Legends, Dota 2, iRacing, and Overwatch including online-only events and tournaments perfectly acceptable in a time of physical distancing.

The US lifted a federal ban on sports betting in 2018. Many US states have now legalized sports betting and esports betting is increasingly positively regulated. As per US News around $13 billion worth of sports bets were placed in 2019. The Bank of America predicts that sports betting could be available to 50% of citizens by 2022, with 30% having access to mobile gaming. In addition, sports gambling could grow at as much as 32% CAGR in the next three years. As per Wholesale Investor and Luckbox, Esports betting is forecast to grow at a rate of 44% CAGR over a four-year period reaching a value of $17.2 billion by the end of 2020.

The long-term growth potential of sports and esports gambling and the short-term significant spike in esports betting coupled with a longer-term rise provides a viable opportunity for investors. Let us look at sports betting and esports gambling stocks worth watching and considering right now:

1. Caesars Entertainment Corporation

Pitched as one of the most geographically diverse US casino entertainment companies, by September 2019 Caesars was running sports betting in seven US states. As of April 23, 2020, the company’s stocks had achieved over 6% gains in the five prior trading sessions leading to bullish predictions for its shares. As per News Heater, in addition, Barron’s is reporting an online gambling boom amidst the coronavirus lockdown.

The value of Caesars stock has been steadily rising across April, from a price of $6.28 per share on April 3 to $8.87 on April 24. Many analysts predict the casino company’s share price to rise above $10 and some, like Credit Suisse give “outperform” ratings for Caesars and a target share price as high as $13.

2. DraftKings

Sports betting company DraftKings has just become publicly listed after its merger with Diamond Eagle Acquisition Corp and SBTech. Its first day of trading on April 24 saw stock price surges as high as 18% with its stock price settling at $19.35 at the close of trading, as per Market Watch.

Online Gambling Stocks 2020

DraftKings CEO Jason Robins expects sports betting demand to rebound after the coronavirus crisis. Despite a shortage of sports betting opportunities, DraftKings is offering new gambling opportunities. Its fantasy esports contests saw 50-fold growth in March and its allowing users to bet on simulated matches in games like Madden NFL, as per CNN Business.

DraftKings

Best Online Gambling Stocks 2020

India

Online Gambling Stocks 2020 India

3. Flutter Entertainment

Bookmaking holding company Flutter Entertainment was created out of the merger between Paddy Power and Betfair. Its stocks have been popular for some time, illustrated by a high price-to-earnings ratio for its shares. But, with the impact of the coronavirus it has canceled its 2020 stock dividend. It has furloughed staff too, but as per the Motley Fool is financing this without government help.

Online Gambling Stocks 2020

Flutter Entertainment also owns Sportsbet in Australia as well as the US’s FanDuel. It is due to merge shortly with the Canadian gambling giant The Stars Group (CSG). Across the first quarter of 2020, Flutter saw overall revenue up 16% to £547 million with sports betting up 13% to £407 million and gaming revenue up to £140 million.

4. LeoVegas AB

Sweden’s LeoVegas AB has seen a significant share price rise of over 20% in recent months. Some question whether the company is undervalued whilst other analysts argue this point. There is optimistic future growth but the stock price hike for LeoVegas may have already happened depleting the opportunity for new investors, as per Simply Wall St.

Online Gambling Stocks 2020 Ytd

LeoVegas has a “Mobile First” strategy which could position it well for future growth as the global mobile gaming market grows. Its brands include Royal Panda, Pixel.bet, Bet UK, Crown Bingo, and Bingo Stars amongst others.

Online Gambling Stocks 2020 Stock Market

5. MGM Resorts International

Online Gambling Stocks 2020 List

Though MGM does have some reliance on the physical gambling mecca of Las Vegas and its casinos it did also see the opportunity of online betting early and could be a position to take advantage of a growing sports gambling market. Physical casino closures due to the coronavirus have impacted MGM and its stock price plummeted then recovered slightly, as per Motley Fool, as a result. MGM’s established brand and substantial financial resources mean that it could survive the current global crisis well and come out positively on the other side.

MGM partnered with GVC Holdings to develop its popular BetMGM mobile wagering application to take advantage of the increasing legalization of sports betting.

Morgan Stanley analyst Thomas Allen believes sports betting will be the biggest growth opportunity for the US gambling industry. Allen says legal sports betting revenue was less than $1 billion in 2019 but is expected to reach $7 billion by 2025. The illegal sports betting market is estimated at a size of around $150 billion.

If you’re unsure about investing in sports betting or esports betting stocks, take a look instead at some of the gaming and esports stocks worth watching in 2020.