From Yahoo Finance: 2025-04-15 16:31:00

1. The US online gambling industry is estimated to reach $26.8 billion in gross revenue by 2025, with projections exceeding $41 billion by 2028. States like New Jersey, Pennsylvania, and Michigan are seeing significant iGaming earnings, with mobile sports betting driving revenue growth, surpassing $2 billion in some states.
2. Legalization efforts in New York, Maryland, and Louisiana face opposition from unions and legislative challenges. Tax increases on sports betting raise concerns over innovation and competitiveness. Major financial networks restricting gambling transactions prompt the need for digital payment solutions, while unregulated sweepstakes platforms spark regulatory concerns.
3. The US-regulated online sports betting market is expected to hit $150 billion by 2024, with 32 states allowing online gambling. Analysts project a bright future for digital gambling, especially in states like Texas, California, and Florida. However, the long-term sustainability of digital-only sportsbooks is questioned due to high user acquisition costs.
4. MGM Resorts International (NYSE: MGM) is among the top gambling stocks, with a strong presence in Las Vegas and Macau. The company’s stock price rose on positive fourth-quarter earnings and growth in online gambling ventures. MGM’s financial performance in 2024 set new records, with a promising start to 2025, driven by strong operations in Las Vegas.
5. Despite market volatility, MGM Resorts International (NYSE: MGM) continues to grow steadily, demonstrating commitment to shareholder returns. The company’s strategic focus on online gaming and Asia shows progress. While MGM ranks 3rd in the best gambling stocks, AI stocks are considered to hold greater promise for higher returns within a shorter timeframe.
6. Analysts estimate an upside potential of 73.97% for MGM Resorts International (NYSE: MGM) as of April 11, 2025. The company’s diverse property portfolio and strong financial performance position it well in the gambling industry. However, AI stocks are highlighted for potential higher returns in a shorter time frame compared to gambling stocks.

Read more at Yahoo Finance: Is MGM Resorts International (MGM) the Best Gambling Stock to Buy According to Analysts?