The pandemic had impacted the gambling industry due to the restrictions on going out in public places. While brick-and-mortar gambling establishments struggled to stay afloat, online gambling platforms benefitted the most and have not looked back ever since. Given the ever-growing popularity of gambling along with easier accessibility, the industry is poised for long-term growth.
Thus, it could be worth betting on fundamentally strong gambling stock Boyd Gaming Corporation (BYD), while DraftKings Inc. (DKNG) and Esports Entertainment Group, Inc. (GMBL) could be best avoided, given their weak growth prospects.
