In the week of July 18–25, online gambling-related stocks rose by an average of +0.4%, slightly underperforming the Nasdaq Composite’s +1.0% gain. Evoke led the sector with a notable +13% increase, followed by Penn Entertainment (+7%), Entain and Rush Street (+5%).

Overview

  • Average growth – On average, share prices analyzed increased by +0.4% in the last week.
  • “Winner” – The most significant leap in our sample of online gambling-focused companies was taken by Evoke with an increase of +13%, followed by Penn Entertainment (+7%).
  • Comparison to the Nasdaq Composite – Compared to the development of the Nasdaq Composite (+1.0%), the average development of the online gambling industry looks only slightly “worse”.

Segment-specific developments

  • Online-focused operators – The shares of online-focused operators included in the analysis saw, on average, an increase of +0.1%; with Rush Street (+5%) leading the ranking.
  • Multi-channel operators – Among the multi-channel operators that also operate a relevant retail business, Evoke is the “winner” with +13% while the average share development was +4%.
  • Suppliers – The shares of the suppliers included in the analysis saw, on average, a decrease of -1%, with Evolution (+4%) leading the ranking.
  • Affiliates – On average, affiliates’ shares saw a decrease of -2% with Catena Media (+2%) leading and Gentoo Media (-6%) coming last.

Evoke’s rise

Evoke’s shares jumped last week after it released a post-close trading update on July 22, 2025, revealing Q2 revenue growth of about 5% year‑on‑year led by a ~6% increase in online betting and gaming across its international markets. The company also highlighted a rebound in its retail business following the March rollout of 5,000 new gaming machines in William Hill shops, contributing to the strong investor sentiment and share gain

Super Group’s decline

Super Group’s share price declined last week amid rising bearish sentiment: short interest on SGHC increased by around 20%.

Please find more data and the methodology applied in the current edition of the OGQ Magazine. Also, find more content in our data section.