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The gambling market is gaining traction as COVID-19 travel restrictions and social distancing mandates ease. Furthermore, over the past year online gambling has gained immense popularity. This trend will likely continue, and the online gambling market is expected to hit $112.09 billion in 2025, growing at a 12% CAGR. As well-established players in the industry, both PENN and BYD are expected to benefit significantly from the growing demand.
PENN has gained 19.4% in price over the past month, while BYD has returned 7.2%. However, BYD’s 42.4% gains year-to-date compare with PENN’s 5.5% returns. In terms of their past year’s performance, BYD is the clear winner with 121% gains versus PENN’s 41%.
