10 Best Casino Stocks to Buy According to Billionaires

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1. Flutter Entertainment plc (NYSE:FLUT)

Number of Billionaires: 19

Billionaire Holdings: 3,237,009,330

The Best Casino Stock, Flutter Entertainment plc (NYSE:FLUT) is also the world’s largest sports betting and iGaming operator, with 13.9 million average monthly players globally in 2024. It was launched in 2016 and is headquartered in New York City. The firm has established a narrow moat that extends over the US, UK, Australia, and other international markets, including Italy, by turning its top technology and product offering into a strong global brand.

In Q4 of 2024, Flutter Entertainment plc (NYSE:FLUT)’s revenue reached $3.79 billion, a 14% rise over the previous year, indicating great financial growth. Following a net loss of $902 million in Q4 2023, the firm reported a net income of $156 million, marking a dramatic turnaround. Free cash flow rose by a remarkable 175% to $473 million, while adjusted EBITDA increased by 4% year over year to $655 million. Moreover, earnings per share improved significantly, showing the company’s improved profitability and operational efficiency as it went from a loss of $5.14 per share in Q4 2023 to a positive $0.45 per share in Q4 2024.

In 2024, Flutter Entertainment plc (NYSE:FLUT) reported a 26% growth in adjusted EBITDA and a 19% YoY rise in revenue. It has cemented its position as the industry leader in the United States, with a 43% GGR market share in online sportsbooks and a 26% share in iGaming. Through the acquisition of MaxBet and the successful launches of FanDuel in North Carolina and Vermont, the company has also made notable progress abroad. The firm is continually innovating with new products like the FanDuel Reward Machine, Same Game Parlay, and Flutter Edge, which have all led to tremendous growth and increased consumer engagement.

Overall, Flutter Entertainment plc (NYSE:FLUT) ranks first on our list of the 10 Best Casino Stocks to Buy According to Billionaires. While we acknowledge the potential for FLUT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FLUT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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