Why Gambling Stocks Jumped on Thursday

Why Gambling Stocks Jumped on Thursday

Shares of U.S. gambling stocks had a great day on Thursday, driven by an analyst upgrade and some good news out of New Jersey. Shares of Caesars Entertainment (NASDAQ: CZR) jumped as much as 10.4% and Penn National (NASDAQ: PENN) rose 10.4% mid-day. While stocks with a physical presence in the U.S. were up, so was DraftKings (NASDAQ: DKNG), the online gambling company.