Financial Insights That Matter
We recently published a list of 10 Best Sin Stocks to Invest in 2025. In this article, we are going to take a look at where PENN Entertainment, Inc. (NASDAQ:PENN) stands against other best sin stocks to invest in 2025.
Sin stocks are shares of companies involved in activities that are often seen as immoral or unethical. Such companies are involved in a range of sectors such as alcohol, tobacco, gambling, and adult entertainment. Some investors believe that sin stocks profit from human weaknesses and vices. While some ethical investors may be looking to avoid such stocks due to ethical concerns, others may see them as strong investment opportunities.
It is important to note that sin stocks can offer unique benefits. By providing goods and services that people always want, companies involved in such sectors often thrive in tough times and even during recessions. Industries that may be seen as immoral or unethical like gambling, alcohol, and tobacco enjoy consistent consumer demand as people usually continue to purchase their products and services even during economic slowdowns. Some investors argue that this makes sin stocks relatively recession-proof.
READ ALSO: 12 Best Gas Stocks To Buy According to Hedge Funds and 10 Best Organic Food and Farming Stocks To Invest In.
In the US, the gambling market is flourishing. Since the Supreme Court struck down a federal law prohibiting sports betting in 2018, gambling and sports betting has grown remarkably. According to the American Gaming Association, sports betting is now legal and operational in 38 states and Washington, D.C. as of January 14, 2025. We could see more markets open up and legalize gambling and sports betting in the near future. Another key trend driving growth in the gambling industry is the surge in popularity of online gambling and iGaming. Online gambling is also attracting young bettors. According to a 2023 survey by the National Collegiate Athletics Association (NCAA), 58% of those aged 18 to 22 had placed at least one wager in 2023.
According to a report by The Business Research Company, the global alcoholic beverages market was estimated to have reached a value of $544.19 billion in 2024. The market is expected to grow at a compound annual growth rate (CAGR) of 5.4% during 2025-2029 to reach a value of $709.13 billion by the end of the forecast period. There is a growing demand for ready-to-drink alcoholic beverages and flavored drinks, especially among younger consumers. The demand for low-alcohol beverages and cocktails made with natural ingredients is also rising as consumers seek healthier options. The 2023 Bacardi Global Consumer Survey found that 44% of respondents in Canada and 43% of younger respondents in the United States plan to consume more cocktails made with natural ingredients in 2024. Additionally, consumers are increasingly willing to pay more for premium and high-quality products. This is another key trend driving growth in the alcoholic beverages industry.
#1a73e8;">Boost Your Financial Knowledge and Achieve Stability
Discover a growing online community dedicated to delivering financial news, tips, and strategies designed to help you manage money effectively, save smarter, and grow your investments with confidence.
#1a73e8;">Top Financial Tips for Saving and Investing
- Personal Finance Management: Master the art of budgeting, expense tracking, and building a strong financial foundation.
- Investment Opportunities: Stay updated on market trends, learn about stocks, and explore secure ways to grow your wealth.
- Expert Money-Saving Advice: Access proven techniques to reduce expenses and maximize your financial potential.