Why Trading Online Casino Stocks Offers Great Bonuses
As more states legalize online betting, casino stocks have surged. Savvy investors who get in early can profit tremendously. Trading these high-growth stocks also comes with lucrative sign-up bonuses at leading brokerages. Here’s why online casino stocks are a smart play right now and how their bonuses sweeten returns.
A Massive Growth Industry
The global online gambling market size is predicted to balloon to $184 billion by 2032 as more jurisdictions regulate and tax gaming. Early movers into newly opened markets can capture significant market share fast.
For example, when New York legalized mobile sports betting in 2022, DraftKings and FanDuel fiercely competed for customers. They offered extremely generous deposit matches and free bets, spending marketing dollars to acquire lifetime patrons. Investors in these stocks benefited from this rapid subscriber growth.
Several more states are nearing legalization, including California, Florida and Ohio. These massive markets will supercharge revenues in the back half of this decade. Getting in now allows traders to profit from this imminent expansion surge.
Technological Improvements
Advances in game design, payment processing, and cybersecurity have also improved the online gambling experience drastically.
Slick slots games attract players, with millions of people choosing to spend their money in online casinos that have games from different developers such as Netent, Playtech, and Microgaming. It’s worth noting that some platforms are better than others in the range of games they provide.
Even virtual sports feel almost as immersive when playing from home now. Depositing and cashing out happens instantly with integrated payment platforms. In addition, innovative fraud detection prevents cheating or theft.
These upgrades make betting online reliably enjoyable and trustworthy. That brings in higher revenue as more casual players test the waters. Traders in this sector benefit financially from these tech boosts elevating consumer perception and spending.
Lucrative New Player Bonuses
Here is where bonuses come into play. All publicly traded sportsbooks and internet casinos offer generous incentives for new sign-ups in emerging markets. These promotions serve two purposes – they acquire customers cheaply and also get more buy-in for the stock.
For example, when DraftKings went public via a SPAC deal in 2020, they gave away millions in free bets to drum up interest. Their stock rose exponentially as more bettors got a taste through those bonuses.
Other online gaming stocks like Penn National, Caesars Entertainment, and Rush Street Interactive have all used the same tactic. They essentially pay new players to build the user base, which in turn excites investors.
Brokers Offer Trading Bonuses Too
Not only do the underlying stocks hand out huge bonuses, but the brokerages do as well. Leading regulated platforms encourage traders to buy these surging stocks by matching deposit amounts.
So, you may get $500 or even $5000 free just to invest in an online casino company about to expand into a newly regulated jurisdiction. Or another popular promo is free stock slices when funding a new brokerage account.
These trading bonuses allow investors to lower their cost basis. All upside profits come off a reduced initial outlay thanks to this essentially free leverage.
Combine the public company promotional bonuses with those from your broker, and returns are highly amplified from both ends by taking advantage.
In short, seasoned investors understand that it pays to get into explosive growth industries early. Legal online gambling clearly fits that bill over the next five years. And not only are these stocks poised to deliver tremendous gains on surging revenue alone, but their generous new player bonuses enhance returns.
The Top Online Casino Stocks Worth Investing In
Here are some of the top online casino and sports betting stocks to consider trading:
· DraftKings (DKNG)
– One of the largest daily fantasy sports and mobile sports betting operators. Rapidly expanding into new states as online gambling is legalized.
· Penn National Gaming (PENN)
– Casino operator that has aggressively jumped into sports betting, including a strategic partnership with Barstool Sports. Owns a 36% stake in Barstool’s sportsbook.
· Caesars Entertainment (CZR)
– Iconic casino brand that has integrated its rewards program into its sports betting app. Recently acquired William Hill to boost sportsbook presence.
· Flutter Entertainment (PDYPY)
– Ireland-based gaming giant that majority owns FanDuel, the #1 sportsbook app in America by market share. Also owns PokerStars and other gambling sites.
DraftKings and Penn National are likely the most popular online casino stocks for traders to consider right now. But the entire sector offers growth potential as more states legalize sports betting and internet casinos in coming years.
Factor in the trading bonuses doled out by brokerages hungry for your business as well, and it’s a no-brainer to dive into internet casino and sports betting stocks right now. The markets, companies, and platforms all offer lucrative incentives that let you profit from this booming sector with less risk on the table.
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