From Yahoo Finance: 2025-04-15 16:11:00

During the COVID-19 pandemic, online sports betting and gambling surged, with US online gambling estimated to generate $26.8 billion in 2025, projected to reach over $41 billion by 2028. Expansion faces hurdles like opposition in New York, Maryland, and Louisiana, tax increases, payment processing challenges, and unregulated sweepstakes platforms.

US-regulated online sports betting market is predicted to hit $150 billion by 2024, with 32 states allowing online gambling. Despite digital-only sportsbooks dominating, their long-term sustainability is questioned due to high user acquisition costs. Casino-backed sportsbooks have an edge using various revenue streams. New York’s mobile sports betting saw significant growth in revenue.

Gambling.com Group Limited (NASDAQ:GAMB) is a marketing business focusing on online casinos and sports betting. Positioned as a “Picks & Shovels” play in the US gaming market, it benefits from industry expansion. The company’s aggressive acquisition strategy and product expansion plan are set to boost sales and EBITDA in 2025.

GAMB ranks 11th on the list of 12 Best Gambling Stocks to Buy According to Analysts. While acknowledging the potential of gambling stocks, AI stocks are seen as holding greater promise for higher returns. GAMB’s acquisition strategy and product expansion plan are expected to drive sales and EBITDA growth in 2025.



Read more at Yahoo Finance: Is Gambling.com Group (GAMB) Among the Best Gambling Stocks to Buy According to Analysts?