10 iGaming Stocks | Get in On the Action

Key Takeaways

• The iGaming industry spans crypto poker, online casinos, sports betting, and blockchain prediction markets, with major players investing billions into its growth.
• Investors seeking exposure to iGaming can consider publicly traded companies that operate in betting, gaming tech, and gambling infrastructure.
• Some of the leading stocks include Flutter Entertainment, DraftKings, Penn Entertainment, ICE, and others.
• These firms represent a mix of operators, suppliers, and data providers, offering different levels of risk and access to the expanding global gambling ecosystem.

If you follow crypto poker, blockchain slots, or the rising world of prediction markets, you’ve seen how diverse and expansive iGaming has become. From decentralized poker rooms to crypto-slots, sports betting apps, and peer-to-peer prediction platforms, the sector spans entertainment, finance, gaming tech, and data. With ICE (owner of NYSE) recently committing up to $2 billion into Polymarket, the prediction-market space is now flashing brightly on Wall Street’s radar.

But what if you want to get exposure to this explosive growth, without gambling directly? The good news is that several publicly traded companies are deeply involved in online betting, gaming software, and iGaming infrastructure. In this article, we’ll take a look at the top iGaming stocks and what they’re all about.

10 Top iGaming Stocks to Know

Below you’ll find a table summarizing the basic details for each company and its stock:

Flutter Entertainment plc – FLUT

Flutter Entertainment is one of the largest and most diversified gaming groups in the world. Headquartered in Dublin, Ireland, the company operates a vast network of brands. For example, FanDuel, Betfair, PokerStars, Paddy Power, and Sky Betting & Gaming. Flutter’s reach extends across North America, Europe, and Australia, giving it a unique footprint in both mature and emerging iGaming markets. 

Led by CEO Peter Jackson, Flutter combines regulated sports betting, casino, and poker operations under a unified global strategy. It’s considered a “pure play” iGaming leader, offering direct exposure to online wagering growth. At the same time, it maintains a robust compliance framework across jurisdictions. The stock trades on the London Stock Exchange (LSE) and the New York Stock Exchange (NYSE) under the ticker FLUT.

DraftKings Inc. – DKNG

DraftKings is a household name in the United States for sports betting and fantasy sports. Based in Boston, Massachusetts, and led by co-founder and CEO Jason Robins, the company operates one of the largest digital sportsbooks in North America. It began with daily fantasy contests before expanding into full-scale sports betting and iGaming following the legalization of online gambling in several U.S. states. 

Today, DraftKings offers mobile betting, online casino products, and live dealer games. The company is listed on the NASDAQ under the ticker DKNG. While DraftKings continues to show rapid revenue growth, it operates in a highly competitive and regulated environment, where expansion depends on state-by-state approval and customer acquisition costs remain high.

Penn Entertainment – PENN

Penn Entertainment, headquartered in Wyomissing, Pennsylvania, operates a hybrid model that bridges physical casinos with online betting platforms. Under CEO Jay Snowden, Penn owns and operates over 40 casinos and racetracks across the United States, while also holding significant investments in online gaming through brands like ESPN BET and theScore Bet. 

This diversified structure gives Penn exposure to both the traditional gaming sector and the fast-growing digital betting market. The company trades on the NASDAQ under the ticker PENN. While Penn’s roots are in land-based gaming, its strategy increasingly emphasizes digital revenue streams and media partnerships to attract younger, tech-savvy bettors.

Light & Wonder, Inc. – LNW

Light & Wonder (formerly Scientific Games) is a major supplier of technology, content, and platforms for casinos and online gaming operators. Headquartered in Las Vegas, Nevada, and led by CEO Matthew Wilson, the company operates primarily as a B2B content provider. In other words, it powers iGaming platforms with slots, table games, and system software. 

Unlike operators that depend on direct player engagement, Light & Wonder profits from the overall growth of the gaming ecosystem. It achieves this by licensing its technology to dozens of global operators. Listed on the NASDAQ under the ticker LNW, the company benefits from predictable enterprise contracts and a diversified client base across the U.S., Europe, and Asia.

Betsson AB – BETS

Betsson AB is one of Europe’s oldest and most reputable iGaming operators, tracing its roots back to the 1960s. Based in Stockholm, Sweden, and led by CEO Pontus Lindwall, the company runs a wide range of brands. It offers online casino games, poker, and sports betting. 

Betsson’s market strength lies in regulated European and Latin American markets, where it continues to expand through strategic acquisitions and partnerships. It trades on the Nasdaq Stockholm Exchange under the ticker BETS-B. As a result of its strong localization strategy, multilingual support, and adaptable product suite, the company is one of the most stable mid-cap investments in the iGaming space.

Evolution AB – EVO

Evolution AB is the world leader in live casino gaming, one of the fastest-growing verticals in iGaming. Founded in 2006 and headquartered in Stockholm, Sweden, Evolution specializes in live-streamed table games. For example, blackjack, roulette, and baccarat, all operating from high-tech studios in Europe and North America. CEO Martin Carlesund has overseen the company’s transformation from a regional supplier into a global powerhouse. Today, it serves nearly every major online casino brand. 

Evolution is listed on the Nasdaq Stockholm under the ticker EVO and also trades over-the-counter (OTC) in the United States. The company’s dominance in live dealer technology gives it a powerful edge. As technology continues to evolve, players are increasingly seeking realistic, interactive gaming experiences online.

Churchill Downs Inc. – CHDN

Best known as the organizer of the Kentucky Derby, Churchill Downs Inc. has evolved into a diversified entertainment company. In 2025, its portfolio spans horse racing, casinos, and online betting. Headquartered in Louisville, Kentucky, and led by CEO William Carstanjen, the company operates multiple casinos and gaming resorts across the U.S. 

Beyond racing, Churchill Downs has invested heavily in its TwinSpires online betting platform, which offers sports wagering and iGaming in regulated markets. Due to its blend of legacy prestige, real-world assets, and online presence, it’s a strong contender in the global gambling sector. The company trades on the NASDAQ under the ticker CHDN. 

IGT (International Game Technology) – IGT

International Game Technology is one of the most established players in the global gaming industry. Headquartered in London, with operational hubs in Rome and Las Vegas, IGT provides gaming machines, lottery systems, and online casino software to hundreds of operators worldwide. CEO Marco Sala leads the company’s focus on integrating digital and land-based gaming technologies.

IGT’s global presence and deep regulatory relationships position it as a cornerstone supplier to both national lotteries and casinos. The company trades on the New York Stock Exchange under the ticker IGT. While it may not carry the same growth rate as younger iGaming companies, IGT’s steady revenue and diversified exposure make it a dependable long-term play on the gaming industry’s expansion.

Gentoo Media Inc. – G2M

Gentoo Media Inc., formerly known as Catena Media, operates within the iGaming ecosystem as a digital marketing and affiliate network. Based in Malta with additional offices across Europe, Gentoo connects players to online gambling operators through content, comparison sites, and advertising partnerships. Under CEO Jonas Warrer, the company focuses on lead generation and compliance marketing. Consequently, this ensures that its traffic meets the regulatory standards of each jurisdiction it serves. 

Gentoo trades on the Nasdaq Stockholm under the ticker G2M. Unlike direct operators, Gentoo earns revenue by driving qualified traffic to casinos and sportsbooks. As a result, it provides investors with indirect exposure to industry growth without taking on game or platform risk.

Intercontinental Exchange (ICE) – ICE

Intercontinental Exchange is the parent company of the New York Stock Exchange (NYSE). Most recently, it made a bold move into the prediction market space — an emerging frontier within iGaming and decentralized finance. In October 2025, ICE announced plans to invest up to $2 billion in Polymarket, a blockchain-based prediction market platform, valuing the company at around $8 billion pre-money. Moreover, this deal positions ICE as a data distributor and strategic partner, integrating Polymarket’s event-based markets into its vast financial data network. 

Led by CEO Jeffrey Sprecher, ICE’s entry into prediction markets highlights how TradFi is merging with blockchain-based betting systems. Because of its recent investment , the company offers investors indirect exposure to crypto-based gambling infrastructure, an intersection of fintech, data analytics, and decentralized prediction markets. The company is listed on the NYSE under the ticker ICE.

Closing Thoughts

The iGaming and gambling industry is no longer a niche but a multi-billion-dollar, globally expanding sector. Whether via digital sports betting, live casino streaming, crypto poker, or prediction markets, there are multiple paths to invest exposure. The best part is that you don’t need to gamble yourself to benefit from the growth.