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Due to the shutdown of physical casinos and other gambling facilities during the worst of the COVID-19 pandemic, online gambling and iGaming gained huge popularity last year. However, the overall industry witnessed a slowdown. But with the increasing legalization of online gambling and rising foot traffic at brick-and-mortar casinos, the industry is seeing a solid recovery this year. The global casino gambling market is expected to grow at a 3.5% CAGR between 2021 – 2025. So, both DKNG and BYD should benefit.
But while DKNG’s shares have lost 11.8% in price year-to-date, BYD has surged 47.1%. BYD is a clear winner with 6% gains versus DKNG’s 21% returns in terms of their past three months’ performance. But which of these stocks is a better pick now? Let us find out.
