These changes have allowed the venue to regain shares lost during the downturn of early 2020 and push the stock to all-time highs. Other than Churchill Downs, the company owns 14 other racing properties and casinos.Īs a result of struggles with the Covid-19 pandemic, Churchill Downs launched the online app TwinSpires to incorporate online betting. It draws as many as 150,000 spectators each year. The event has been held for 146 years and is known as one of the greatest sporting events in America. It is this Louisville location that hosts the annual Kentucky Derby horse race. (NASDAQ: CHDN)Ĭhurchill Downs owns the world-famous racetrack of the same name in northern Kentucky. With a new acquisition to build momentum and new ideas on the horizon, Penn National Gaming stock could rise again at any time. Share prices are up 40% from last year at this time but have trailed off some since spring of this year. to fortify its position in the online space.Īs the end of 2021 approaches, eight states have legalized using online sports betting applications like Sportsbook.

Penn National Gaming just acquired Score Media and Gaming, Inc. The app’s first week of operation generated $11 million in wagers. Penn also has a 36% stake in Barstool Sports, an online gambling and digital media company.īarstool Sports launched its Barstool Sportsbook in September of 2020.īarstool Sportsbook is the company’s online sports betting application first launched in Pennsylvania. Some of the company’s establishments are part of the well-known Hollywood Casino brand. Penn National Gaming is a racetrack and events company based in Pennsylvania that operates in 43 gambling facilities in the United States and Canada.

Here is a list of some of the best online gaming stocks to invest in. Many people have turned to online platforms during Covid to enjoy gambling more safely and have remained. As more states legalize online gambling and it becomes more socially acceptable, we can expect to see online gambling companies perform very well.

Best casino stocks 2020