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Monthly Gaming Stock Update: Rush Street Leads Gaming Stocks Again
Among the country's smaller digital gaming operators has actually again topped its competitors in the stock market.
Rush Street Interactive, parent of the BetRivers online gambling establishment and sportsbook, saw a nearly 6% stock price growth in December 2024. This follows an excellent 33% development in stock rate from November 2024, which was a better efficiency than all of Rush Street's openly traded competitors with larger nationwide market share.
The development is all the more remarkable coming off of sluggish December returns for much of the market in general and declines for many video gaming business.
Here are more gaming stock highlights from December 2024:
RSI once again blazes a trail
BetRivers tracks U.S. market leaders FanDuel and DraftKings considerably in national online video gaming market share. It's also behind the publicly traded U.S. business that manage BetMGM and Caesars sportsbooks, and is forecasted to be behind independently held Hard Rock, Fanatics, and bet365.
That hasn't stopped a torrid return in the market.
Since bottoming out at roughly $3 per share in the second half of 2023, Rush Street stock has eclipsed the $14 mark heading into 2025. The stock grew almost 275% in just calendar year 2024.
Rush Street Interactive once again had one of the greatest carrying out months of any US digital gaming operator stock, seeing a higher than 5% growth in December while many other stocks declined; $RSI stock was up roughly 275% in fiscal year 2024.
It will likely never come close to the market share of a number of its competitors, particularly the 2 market leaders, but Rush Street has seen a route to success in part by investing a fraction of the billions invested by much of its competitors on marketing and tech.