From Yahoo Finance: 2025-04-15 16:18:00

Accel Entertainment, Inc. (NYSE:ACEL) is in focus among the 12 Best Gambling Stocks to Buy According to Analysts. The US online gambling industry is projected to hit $26.8 billion in gross revenue by 2025, spiking from $23.4 billion in 2024. Expansion faces challenges like tax hikes and payment processing issues, while states like New Jersey and Pennsylvania see strong iGaming earnings.

The US-regulated online sports betting market is anticipated to reach $150 billion by 2024, with 32 states allowing online gambling. While digital-only sportsbooks dominate the market, challenges like user acquisition costs affect long-term sustainability. Accel Entertainment, Inc. (NYSE:ACEL) stands out for its strategic expansion and revenue growth potential, placing it in a strong position for market share gains.

Accel Entertainment, Inc. (NYSE:ACEL) operates in the distributed gaming and local entertainment sector, installing and servicing gaming terminals, ATM machines, and amusement devices in licensed non-casino locations. The company’s revenue sources include net gambling, amusement, manufacturing, ATM fees, and more. With a bull case on strategic development and revenue growth, ACEL ranks 9th among the 12 Best Gambling Stocks to Buy According to Analysts.

The New York State Gaming Commission reported a 20% year-on-year growth in mobile sports betting in FY2024-25, reaching $23.9 billion in handle and $2.14 billion in gross gaming revenue. The monthly volume surpassed $1 billion for the first time since legalization in 2022, contributing significantly to state revenue for education, gambling treatment, and youth sports.



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