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Fund managers see online casinos real money operations as defensive plays amid market volatility, citing consistent revenue streams and diversified risk profiles. DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online or retail sports betting in 28 states and iGaming in five states, with both products available to around 40% of Canada's population. In 2024, sports revenue was 61% of total sales, i-gaming 32%, and fantasy and lottery 7%. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products. Why It's Fast: PayPal's real-time API connections with licensed casinos enable near-instant fund transfers once the casino approves the withdrawal. Funds appear in PayPal balance immediately and can be spent via PayPal or transferred to a bank. Latest market sentiment shows strong correlation between online casinos real money platforms and U.S. tech-adjacent gaming stocks, with quarterly revenues rising 8.4% YoY. Analysts project moderate growth into Q3 driven by emerging iGaming regulations.