Online gambling stocks performance was slightly negative last week, with the companies in our analysis down 1% on average, while the Nasdaq Composite was broadly flat. Jumbo Interactive (+7%) and Raketech (+5%) recorded the strongest gains, while Rush Street (-10%) and Playtech (-6%) were the weakest performers.

Overview

  • Average growth – On average, share prices analyzed decreased by -1% in the last week.
  • “Winner” – The most significant leap in our sample of online gambling-focused companies was taken by Jumbo Interactive with an increase of +7%, followed by Raketech (+5%).
  • “Loser” – Rush Street and Playtech had the worst weekly performance in our analysis, with a change of -10% and -6%.
  • Comparison to the Nasdaq Composite – Compared to the development of the Nasdaq Composite (-0.4%), the average development of the online gambling industry looks “worse”.

Segment-specific developments

  • Online-focused operators – The shares of online-focused operators included in the analysis saw, on average, a decrease of -3%; with Betsson (+1%) leading the ranking.
  • Multi-channel operators – Among the multi-channel operators that also operate a relevant retail business, Penn is the “winner” with +3% while shares in the segment remained flat on average.
  • Suppliers – The shares of the suppliers included in the analysis remained unchanged on average, with Jumbo Interactive leading the segment with a 7% gain.
  • Affiliates – On average, affiliates’ shares saw a decrease of -2% with Raketech (+5%) leading and Grandstand (-5%) coming last.

The share increase of Jumbo Interactive

Jumbo Interactive’s shares recovered during the week of October 5–9, with most of the gains coming on Friday. The company’s latest investor updates did not reveal any major new developments during that period, suggesting the increase may have been a rebound following September’s losses rather than a reaction to a specific announcement.

The decline of Rush Street shares

Rush Street Interactive’s shares came under renewed pressure during October 5–9, with the sharpest decline occurring on Friday, October 9. No specific company announcement or regulatory development could be verified as the trigger, suggesting the sell-off may have been part of the broader downward trend that began in September.

 

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