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. The stocks were up 7.5% and 9.1%, respectively, at 1:50 p.m. EDT. 

While stocks with a physical presence in the U.S. were up, so was DraftKings (NASDAQ: DKNG), the online gambling company. Its shares rose as much as 5.7% and are currently up 4.3% on the day. 

Image source: Getty Images.

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Source Fool.com