One of the nation’s smaller digital gaming operators has again topped its competitors in the stock market. Rush Street Interactive, parent of the BetRivers online casino and sportsbook, saw a nearly 6% stock price growth in December 2024. This follows an impressive 33% growth in November. The growth is all the more impressive coming off of sluggish December returns for much of the market overall and declines for many gaming companies. BetRivers trails U.S.
market leaders FanDuel and DraftKings significantly in national online gaming market share. It’s also behind the publicly traded U.S. companies that manage BetMGM and Caesars sportsbooks, and is projected to be behind privately held Hard Rock, Fanatics, and bet365. 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 nearly 275% in just calendar year 2024. Rush Street Interactive again had one of the strongest performing months of any US digital gaming operator stock, seeing a greater than 5% growth in December while most other stocks declined;It will likely never come close to the market share of many of its rivals, especially the two market leaders, but Rush Street has seen a route to profitability in part by spending a fraction of the billions invested by many of its rivals on marketing and tech. Rush Street is the largest remaining brand to partner with Kambi, a third-party operator that in 2019 ran the tech platforms for nearly half of U.S. sportsbooks. By keeping costs low, Rush Street has a lower threshold for profitability in an industry that sees close to 10% holds in sports betting and significantly greater returns from online slots and table games. Rush Street may not have the brand recognition or financial prowess to keep up its industry-leading stock growt
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