Gambling market stocks snapshot: Flutter and Churchill lead, RSI slides 11.01%
Week to 2 November 2026 saw Flutter rise while Rush Street fell despite strong Q3 results
Key Takeaways
- Flutter Entertainment plc's market cap rose to $14.33 billion, up 4.29% for the week to 2 November 2026.
- Rush Street Interactive, Inc. fell 11.01% to a $2.79 billion market cap despite reporting Q3 revenue of $385.9 million.
- Churchill Downs Incorporated increased to a $6.50 billion market cap, while DraftKings Inc. reached $10.38 billion.
- Sports Entertainment Gaming Global Corporation posted the largest percentage gain among the listed smaller companies at 18.75%.
Flutter Entertainment plc and Churchill Downs Incorporated were the largest winners in the gambling sector during the week to 2 November 2026, while Rush Street Interactive, Inc. posted the steepest fall of the major operators after an otherwise strong Q3 report. Flutter's market capitalisation climbed to $14.33 billion and Churchill Downs rose to $6.50 billion, while Rush Street's market cap fell to $2.79 billion, sliding 11.01% over the week.
Weekly market movers
The sector showed a mixed performance among large caps. DraftKings Inc. increased modestly to a market capitalisation of $10.38 billion with 8,891,683 shares traded. Super Group (SGHC) Limited edged down to $5.43 billion. The top 14 companies by ticker and the key metrics for the week were:
FLUT — Flutter Entertainment plc: market cap $14.33B, change 4.29%, volume 2,362,986, revenue $17.16B
DKNG — DraftKings Inc.: market cap $10.38B, change 0.92%, volume 8,891,683, revenue $6.22B
CHDN — Churchill Downs Incorporated: market cap $6.50B, change 4.03%, volume 1,887,334, revenue $3.00B
SGHC — Super Group (SGHC) Limited: market cap $5.43B, change -0.28%, volume 6,893,540, revenue $2.43B
RSI — Rush Street Interactive, Inc.: market cap $2.79B, change -11.01%, volume 13,223,923, revenue $1.47B
BRSL — Brightstar Lottery PLC: market cap $1.77B, change 0.52%, volume 1,615,212, revenue $2.47B
ACEL — Accel Entertainment, Inc.: market cap $922.36M, change 0.53%, volume 393,355, revenue $1.39B
CDRO — Codere Online Luxembourg, S.A.: market cap $393.31M, change 1.53%, volume 28,098, revenue $262.52M
MRDN — Meridian Holdings Inc.: market cap $123.55M, change -2.64%, volume 23,360, revenue $197.19M
INSE — Inspired Entertainment, Inc.: market cap $94.10M, change -0.83%, volume 284,969, revenue $281.40M
ROLR — High Roller Technologies, Inc.: market cap $39.71M, change -7.46%, volume 86,149, revenue $15.63M
GRSD — Grandstand Limited: market cap $39.16M, change -5.17%, volume 218,810, revenue $163.42M
BRAG — Bragg Gaming Group Inc.: market cap $30.06M, change -6.86%, volume 8,330, revenue $117.71M
SEGG — Sports Entertainment Gaming Global Corporation: market cap $4.54M, change 18.75%, volume 46,980, revenue $1.54M
Why Flutter moved and the Brazil impact
Flutter's rise of 4.29% to $14.33 billion came despite operational headwinds in Brazil. The company has shut down Betfair Brazil under the country's betting laws but continues Betnacional operations. Flutter previously warned the indefinite suspension could cost $70 million in revenue and $20 million in adjusted EBITDA. The firm is also planning cuts of up to 1,400 roles in its UK and Ireland division and will close the Sky Bet office in Malta, relocating operations to Gibraltar. Those regulatory and cost actions are material to the firm's outlook; regional developments remain relevant to investors and observers tracking Latin American exposure and regulatory risk (regulatory).
The Rush Street Interactive paradox
Rush Street Interactive published its Q3 results on 28 October 2026 that showed substantial growth, yet the share price dropped 11.01% across the week. Reported Q3 figures were:
Revenue $385.9 million, up 38.8% year-on-year
Net income $28.7 million, nearly double year-ago levels
Adjusted EBITDA $62.2 million, up 73%, beating consensus $54.67 million
Adjusted EPS $0.15 versus expected $0.13
The company missed analyst revenue expectations by 0.7%, with consensus at $388.6 million, and Q3 revenue was lower than Q2's $393.8 million. Those nuances appear to have driven the market reaction despite the broader improvement in profitability and active-user metrics reported by the company on 28 October 2026. Read the company's company results for full filings.
Smaller-cap dispersion
Smaller stocks diverged sharply. Sports Entertainment Gaming Global Corporation posted the largest percentage gain at 18.75%, rising to $4.54 million market cap. High Roller Technologies fell 7.46% to $39.71 million, Grandstand lost 5.17% to $39.16 million, and Bragg Gaming Group Inc. dropped 6.86% to $30.06 million. Codere Online Luxembourg, S.A. rose 1.53% to $393.31 million, while Brightstar Lottery PLC and Accel Entertainment each recorded small gains of 0.52% and 0.53% respectively.
The week's data underline the separation in market behaviour between major operators and smaller listed companies, and they highlight how earnings detail and regional regulatory actions can outweigh headline revenue growth in investor responses. For a concise sector view, see this week's sector snapshot.
Frequently Asked Questions
Why did Rush Street Interactive shares fall despite strong Q3 results?
Rush Street Interactive shares fell 11.01% after the week to 2 November 2026 even though Q3 reported revenue was $385.9 million and adjusted EBITDA rose to $62.2 million. The company missed analyst revenue expectations by 0.7% — consensus was $388.6 million — and Q3 revenue was lower than Q2's $393.8 million, which appears to have driven the negative market reaction.
What impact did Brazil have on Flutter Entertainment's performance this week?
Flutter's market cap rose to $14.33 billion despite shutting down Betfair Brazil under the country's betting laws; the company maintains Betnacional operations. Flutter previously warned that the indefinite suspension could cost $70 million in revenue and $20 million in adjusted EBITDA.
Which smaller company recorded the biggest percentage gain this week?
Sports Entertainment Gaming Global Corporation recorded the strongest percentage gain, rising 18.75% to a market capitalisation of $4.54 million for the week to 2 November 2026.
How did DraftKings and Churchill Downs perform during the week?
DraftKings Inc. increased to a market cap of $10.38 billion with 8,891,683 shares traded and a weekly change of 0.92%. Churchill Downs Incorporated gained 4.03% to a market cap of $6.50 billion over the same period.
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About the author
Oliver Grant
Industry Technology Correspondent
Oliver Grant covers the technology and business machinery of iGaming — platform and data deals, AI and compliance tooling, affiliate and marketing shifts, and the quarterly numbers behind them. The reports lead with the announcement, name the vendors and figures exactly as published, and separate genuine capability from press-release promise. When a supplier ships a new engine or a regulator tightens ad rules, Oliver Grant explains what actually changes for the companies involved.
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