The latest online gambling stocks performance shows a mixed picture, with the sector holding up slightly better than the broader Nasdaq despite an average decline of around 3%. While Evoke stood out with a sharp gain and Bet-at-Home also moved higher, a big name like DraftKings dragged overall sentiment down with a double-digit loss. Across segments, results were uneven, with smaller gains among affiliates and sharper pullbacks on the supplier side.

Overview

  • Average growth – On average, share prices analyzed decreased by -3% 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 +23%, followed by Bet-at-Home (+6%).
  • “Loser” – DraftKings  had the worst weekly performance in our analysis with a change of -14%.
  • Comparison to the Nasdaq Composite – Compared to the development of the Nasdaq Composite (-5%), the average development of the online gambling industry looks “better”.

Segment-specific developments

  • Online-focused operators – The shares of online-focused operators included in the analysis saw, on average, a decrease of -3%; with Bet-at-Home (+6%) leading the ranking.
  • Multi-channel operators – Among the multi-channel operators that also operate a relevant retail business, Evoke is the “winner” with +23% while the average share development was -0.4%.
  • Suppliers – The shares of the suppliers included in the analysis saw, on average, a decrease of -6%. The winner is Jumbo Interactive with +0.8%.
  • Affiliates – On average, affiliates’ shares saw a decrease of -2% with Raketech (+5%) leading and Gambling.com (-9%) coming last.

The share increase of Evoke

Evoke’s share price move in the week of 23–27 March appears to have been driven by renewed takeover speculation, after reports surfaced that Bally’s Corp. is considering a potential bid for the group. The possibility of a sale or breakup – something the company has already been exploring—tends to lift investor sentiment, as it raises hopes of a higher valuation or strategic turnaround.

The decline of DraftKings shares

DraftKings’ share price came under pressure during the week of 23–27 March after reports highlighted rising concerns around higher promotional spending and tighter margins heading into key sporting events. At the same time, some analysts flagged a more cautious outlook for profitability in the near term, which likely weighed on investor sentiment despite the company’s ongoing growth story.

 

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