What Is the Future of Online Gambling?

There has been a lot of buzz over the last few months that online gambling is going to be the next big growth area for the gambling industry. Shares of GAN Limited (NASDAQ: GAN) and DraftKings (NASDAQ: DKNG) have been on fire since reaching public markets, and Flutter Entertainment (LSE: FLTR), which owns The Stars Group, has had a nice run as well.

Rising stock prices have been driven by stronger-than-expected online play during the pandemic and speculation that budget shortfalls in states across the country will open up online gambling. But the three aforementioned companies may not be the biggest winners in the industry, depending on how regulations play out.