Why Online Gambling Stocks Are Falling Off a Cliff

·3 min read
Why Online Gambling Stocks Are Falling Off a Cliff

In the second half of 2020, online gambling stocks were some of the hottest growth stocks on the market. DraftKings (NASDAQ: DKNG) started a trend when it went public via SPAC merger, but Penn National (NASDAQ: PENN), Rush Street Interactive (NYSE: RSI), Golden Nugget Online Gaming (NASDAQ: GNOG), and Gan Ltd (NASDAQ: GAN) all joined the party by hitting public markets or making deals to expand in online gambling.

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