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Top 7 iGaming Stocks to Look at in 2021 - Market Business News

Top 7 iGaming Stocks to Look at in 2021 - Market Business News
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The GameStop stock is part of our national pandemic gambling binge.

The stock market is a casino. To be precise, it is 15 percent casino.
So says Alok Kumar, an economist at the University of Miami who studies the relationship between gambling and stock-market data. In a recent paper, Kumar and his co-authors show that 15 percent of total U.S. trading involves “lottery-like stocks,” or cheap and volatile securities with a chance of a big payoff.
GameStop, which was the No. 1 traded stock in the world for several days last week, does not actually fit Kumar’s definition. The stock is too expensive now, and before Reddit traders discovered it, it was not particularly volatile. Textbook “lotto stocks” are no-name or forgotten companies like Blackberry and Kodak. Obviously, there’s a great deal of YOLO-ing to be done with a stock like TSLA, as well.

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