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iGaming stock snapshot Oct 27–Nov 2, 2026

Flutter and Churchill Downs led large-cap gains; Rush Street plunged despite strong Q3 results.

By Emilio NavarroPublished Nov 2, 20264 min readUSA
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Key Takeaways

  • Flutter Entertainment plc and Churchill Downs Incorporated led gains in the week of 27 Oct–2 Nov 2026.
  • Rush Street Interactive fell 11.01% during the week despite reporting Q3 revenue of $385.9M and adjusted EBITDA of $62.2M.
  • Super Group (SGHC) was impacted by Brazil’s betting prohibition; Flutter warned Betfair Brazil’s suspension could cost $70M in revenue and $20M in adjusted EBITDA.
  • Among small caps, Sports Entertainment Gaming Global rose 18.75% while Bragg Gaming Group lost 6.86%.

Flutter Entertainment plc and Churchill Downs Incorporated led large-cap gains between 27 October and 2 November 2026, while Rush Street Interactive, Inc. recorded the week’s largest decline despite publishing a solid quarterly report on 28 October. Rush Street’s market value fell 11.01% during the week even though it reported $385.9 million in third-quarter revenue, a 38.8% increase versus 2022.

Weekly summary and performance table

The weekly picture showed a clear divergence between large and small companies. The full published performance list for the week was as follows (position, ticker, company, market capitalization, weekly change, volume, revenue):

  1. FLUT — Flutter Entertainment plc — $14.33B — 4.29% — 2,362,986 — $17.16B

  2. DKNG — DraftKings Inc. — $10.38B — 0.92% — 8,891,683 — $6.22B

  3. CHDN — Churchill Downs Incorporated — $6.50B — 4.03% — 1,887,334 — $3.00B

  4. SGHC — Super Group (SGHC) Limited — $5.43B — -0.28% — 6,893,540 — $2.43B

  5. RSI — Rush Street Interactive, Inc. — $2.79B — -11.01% — 13,223,923 — $1.47B

  6. BRSL — Brightstar Lottery PLC — $1.77B — 0.52% — 1,615,212 — $2.47B

  7. ACEL — Accel Entertainment, Inc. — $922.36M — 0.53% — 393,355 — $1.39B

  8. CDRO — Codere Online Luxembourg, S.A. — $393.31M — 1.53% — 28,098 — $262.52M

  9. MRDN — Meridian Holdings Inc. — $123.55M — -2.64% — 23,360 — $197.19M

  10. INSE — Inspired Entertainment, Inc. — $94.10M — -0.83% — 284,969 — $281.40M

  11. ROLR — High Roller Technologies, Inc. — $39.71M — -7.46% — 86,149 — $15.63M

  12. GRSD — Grandstand Limited — $39.16M — -5.17% — 218,810 — $163.42M

  13. BRAG — Bragg Gaming Group Inc. — $30.06M — -6.86% — 8,330 — $117.71M

  14. SEGG — Sports Entertainment Gaming Global Corporation — $4.54M — 18.75% — 46,980 — $1.54M

The table shows that, among the large firms, Flutter and Churchill Downs recorded the strongest relative gains within the leader group.

Large-cap leaders: notable factors

Flutter Entertainment rose 4.29% to a $14.33 billion market cap. The company continues Betnacional operations following the forced closure of Betfair Brazil under that country’s legislation; Flutter previously warned the indefinite suspension could cost $70 million in revenue and reduce adjusted EBITDA by $20 million. The firm plans to cut up to 1,400 roles in its UK & Ireland division and to close Sky Bet’s Malta office, shifting operations to Gibraltar. (See Betnacional operations)[/casino]

DraftKings rose 0.92% to a $10.38 billion market cap, with 8.9 million shares traded during the week. Churchill Downs gained 4.03% to $6.50 billion, ranking among the best performers in the large-cap cohort.

Super Group (SGHC) fell 0.28% to $5.43 billion; its Sportingbet brand was affected by the betting ban in Brazil, although the report notes the impact must be assessed against the group’s overall geographic exposure. (See betting ban in Brazil)[/regulation]

Rush Street: results and market reaction

Rush Street Interactive filed its third-quarter report on 28 October with $385.9 million in revenue, a year-on-year increase of 38.8%, and net income that nearly doubled to $28.7 million. Adjusted EBITDA rose 73% to $62.2 million, beating the consensus of $54.67 million. Adjusted EPS was $0.15 versus an expectation of $0.13. However, revenue came in slightly below the analyst consensus of $388.6 million (a 0.7% miss) and was lower than the $393.8 million reported in Q2. These data points do not provide a single definitive cause for the 11.01% price drop.

Performance among smaller companies

Among smaller-cap companies the week was more volatile. Brightstar Lottery PLC rose 0.52% to $1.77 billion; Accel Entertainment gained 0.53% to $922.36 million; Codere Online grew 1.53% to $393.31 million and operates in several regulated markets in Europe and Latin America. Meridian Holdings fell 2.64% to $123.55 million; Inspired Entertainment retreated 0.83% to $94.10 million.

High Roller Technologies fell 7.46% to $39.71 million and Grandstand dropped 5.17% to $39.16 million. Bragg Gaming Group lost 6.86% to $30.06 million, while Sports Entertainment Gaming Global Corporation posted the largest percentage gain on the list, up 18.75% to $4.54 million.

Final observations

The week showed a clear split between moves among the largest companies and the volatility of smaller caps. Flutter Entertainment and Churchill Downs delivered the most notable upside; Rush Street Interactive stood out for the disconnect between quarterly results and the correction in its share price. The contrast between revenue growth and market reaction was the dominant narrative in the data published for the week analysing the iGaming Sector.

Frequently Asked Questions

Why did Rush Street Interactive fall 11.01% despite reporting Q3 growth?

Rush Street’s share price fell 11.01% even though the company reported 38.8% year‑on‑year revenue growth to $385.9M and adjusted EBITDA of $62.2M. Revenue missed analyst consensus by 0.7% and was lower than Q2, and the market reaction reflects that combination rather than a single clear cause.

What impact did the situation in Brazil have on Flutter and Super Group?

Legislation in Brazil led to the closure of Betfair Brazil and affected Sportingbet, hitting Flutter and Super Group respectively. Flutter said the indefinite suspension of Betfair Brazil could cost $70M in revenue and reduce adjusted EBITDA by $20M.

Which large-cap companies led the market that week?

Flutter Entertainment plc and Churchill Downs Incorporated led large-cap gains, with Flutter up 4.29% to a $14.33B market cap and Churchill Downs up 4.03% to $6.50B; DraftKings also rose 0.92% to $10.38B.

What were the most notable moves among smaller companies?

Sports Entertainment Gaming Global posted the largest percentage gain, up 18.75% to $4.54M. Among declines, High Roller Technologies fell 7.46% and Bragg Gaming Group lost 6.86%.

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About the author

Emilio Navarro

Emilio Navarro

Industry Technology Correspondent

Emilio Navarro covers the cross-cutting technology and business of iGaming — platforms, data and AI, compliance tooling, affiliate marketing, financial results, and the stories that fit no single rubric. The reports open with the announcement, cite vendors and figures exactly as published, and keep a healthy distance from press-release language. When a supplier unveils a new engine or the advertising rulebook changes, Emilio Navarro reports what genuinely changes.

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