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Inflation continues to ravage the US economy and no sector is safe, including the casino gaming market. Fears of an impending recession have put fear into consumers and investors alike, and casino stocks are beginning to suffer. According to data from the Wall Street Journal, several casino stocks are down over 50% year-over-year.
It’s not all doom and gloom, however. Though there has been a financial slide, commercial casinos across the US had their best April ever are still considered amenities customers have to pay for. As we reach the slow season of sports perhaps more will be revealed during DraftKings’ Q2 earnings call.
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