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Buy Golden Nugget Online Gaming Stock for Its 10X Potential

I’m a big bull when it comes to online gambling (or “iGaming”), saying back in mid-August that DraftKings (NASDAQ:DKNG) stock was a great buy to play this emerging megatrend.
Source: Stokkete/ShutterStock.com

Since then, DKNG stock rose as much as 83%.
But, at a $20 billion market cap, DraftKing stock now feels fully priced for enormous long-term success in disrupting the $80 billion U.S. gambling market, meaning that the best time to buy DKNG stock has already passed.InvestorPlace – Stock Market News, Stock Advice & Trading Tips
Fortunately, DraftKings isn’t the only way to play to the emerging iGaming megatrend.
With that in mind, I’d like to introduce Golden Nugget Online Gaming, a market-leading iGaming platform which has recently hit the public markets through a reverse merger with blank-check company Landcadia Holdings II (NASDAQ:LCA).
Golden Nugget Online Gaming — valued at just $900 million today — has enormous long-term upside potential. Indeed, there is so much upside potential here that LCA stock could soar more than 10X over the next several years.

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So, if you’re looking for an alternative yet still super explosive way to play the iGaming boom, forget DKNG stock and instead buy LCA stock.
Here’s a deeper look.

iGaming Is the Future of Gambling
Covid-19 changed the world in a lot of ways.
Perhaps most obviously, it accelerated the world’s shift into the modern digital era.
During the pandemic, we have all shopped online more; ordered more food through delivery apps; spent more time on Facebook, Instagram and Twitter. Watched more Netflix shows. Engaged more with digital work platforms like Slack and Teams.
You know what else we did more of during the pandemic? Gambled online more.
In New Jersey – which is home to America’s most established and mature online gambling market – iGaming revenues rose an astounding 40% from January to April 2020.
This is not a temporary shift. Much like the e-commerce and the streaming TV shifts, the 2020 shift to online gambling is a permanent acceleration into the future.
Why? For all the same reasons that Amazon is the future of shopping and Netflix is the future of media.
iGaming offers consumers an equally great experience as in-casino gambling, with superior convenience, access, and affordability (you can play a game of virtual poker or black jack, and win real money, by just sitting at your home and clicking a few buttons on your computer).
Sure, online gambling is only actively legal in three states today – New Jersey, Pennsylvania, and Michigan. But with the overturning of PAPSA in 2018, growing consumer interest in online gambling, and physical casino shutdowns in 2020, there is ample and growing momentum across many states to legalize iGaming over the next few years.
The floodgates are opening.
As they do, the iGaming market will go…