Digital advancements like virtual reality (VR) and augmented reality (AR) are contributing to the expansion of online casinos, bolstering the gambling sector. Also, gaming industry analysts and observers believe iGaming is ripe for expansion into new jurisdictions. However, stringent regulations continue to interfere with the industry’s prospects.
Therefore, I think while quality gambling stocks Boyd Gaming Corporation (BYD) and Accel Entertainment, Inc. (ACEL) are well positioned to soar and are worth owning, DraftKings Inc. (DKNG) might be best avoided.
