10 Best Sin Stocks to Invest in 2025

8. PENN Entertainment Inc. (NASDAQ:PENN)

Number of Hedge Fund Holders: 37

PENN Entertainment Inc. (NASDAQ:PENN) is an American gambling and casino entertainment company. The company has a diversified portfolio of casinos, racetracks, and online sports betting offerings under well-known brands including Hollywood Casino, L’Auberge, ESPN BET, and theScore BET Sportsbook. PENN Entertainment Inc. (NASDAQ:PENN) operates more than 40 properties in 20 states. PENN ranks among the best sin stocks to buy according to hedge funds.

Leveraging its partnership with ESPN, the company is strategically focused on growing its presence in the online betting market. In September 2024, PENN Entertainment Inc. (NASDAQ:PENN) launched ESPN BET, the official sportsbook of ESPN, in New York. On January 21, the company announced the launch of ESPN BET in Washington, D.C. This move makes ESPN BET now live in 20 jurisdictions in the US.

The company has reported impressive results that reflect the success of its digital strategy. PENN Entertainment Inc. (NASDAQ:PENN) saw a remarkable 127% year-over-year growth in monthly active users in Q3 2024 compared to Q3 2023. Additionally, the company is introducing new features and product enhancements that are expected to enhance customer acquisition and engagement. In November, PENN Entertainment Inc. (NASDAQ:PENN) announced that account linking between ESPN BET and ESPN is now available for customers. This new feature allows fans to seamlessly track upcoming, live, and settled bets within the ESPN app and on ESPN.com.