5 Best Gambling Stocks to Buy Now

2. DraftKings Inc. (NASDAQ:DKNG)

Number of Hedge Fund Investors: 55

DraftKings Inc. (NASDAQ:DKNG) is one of the most popular gambling stocks among hedge funds and retail investors. The stock has gained about 146% over the past one year.

As of the end of the fourth quarter of 2023, 55 hedge funds out of the 933 funds in Insider Monkey’s database had stakes in DraftKings Inc. (NASDAQ:DKNG).

In January, BMO started covering DraftKings Inc. (NASDAQ:DKNG) with an Outperform rating.