Why I Bought This High-Growth Stock This Week
The U.S. online gambling market has been booming. It reached $2.0 billion in revenue in 2020, according to Mordor Intelligence. And with 17.3% compound annual growth expected through 2023, there's more growth ahead.
Globally, the online gambling market is estimated to be worth $66.7 billion and is projected to grow to $92.9 billion in 2023, according to Statista. This is a big market that's growing quickly, and companies like MGM Resorts (NYSE: MGM), DraftKings (NASDAQ: DKNG), and Penn National (NASDAQ: PENN) have captured the attention of investors because of their big moves into online gambling.
But the growth stock I bought more of last week with a connection to online gambling is service provider GAN Limited (NASDAQ: GAN).
Source Fool.com
