New Online Casinos & US New Casino Sites Ranked in March 2026

Market Sentiment

Key Decisions for Investors

• Establish a 2–3% long position in CZR (Caesars) within 2–6 weeks to capture synergies from Horseshoe online expansion; set a trailing stop at -12% and target 18–30% upside over 12 months as cross-sell and loyalty integration realize margin expansion.
• Initiate a 2% long in PYPL (PayPal) via a 6‑month 1:2 call spread (buy 30% OTM calls, sell 60% OTM calls) to limit premium while targeting a 30–50% directional move if Venmo/PayPal wallet share in iGaming increases; cap max loss to premium paid.
• Trim exposure to V and MA by 1–2% (relative underweight) and consider selling 1–2% notional of short-dated call overwrites against existing holdings: networks face modest fee-mix pressure from wallet adoption over next 6–12 months, limiting multiple expansion.
• Adopt a 0.5–1% tail-hedge: buy 9–12 month protective puts on CZR or sector ETF (10–15% OTM) to guard against regulatory crackdowns or state-level reversals; reassess after 30–60 days of licensing outcomes.
• Monitor (next 30–60 days) state regulatory filings and MGCB/PNB approvals, operator deposit flow metrics, and PayPal/Venmo volume disclosures; if wallet TPV growth >15% QoQ in disclosed figures, accelerate PYPL allocation to 3–4%.