Sector Alpha Week of 2026-07-28
20-quarter listed-company comparison

Gambling Stocks

Gambling: Flutter Entertainment plc owns the largest revenue base; Rush Street Interactive, Inc. has the fastest current growth.

The industry itself · before any single company

How has Gambling moved against S&P 500?

The line below covers 5.2 years. Over the most recent two of them this industry is 9% behind S&P 500. Earnings across its companies grew 19% on average over the last four reported quarters.

BASING · 1y −29.1%~Moving with the index2 of 8 companies ahead of S&P 500 by 5% or more over three months

RS — · 4/8 >200d (+0) · 2/8 lead (+0) · EPS 4/8↑

100200202620252024202320222021 249348 TRAILING 12-MONTH EPS · 100 AT THE START0100188Mar 22Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 4 reportingJun 2022 · trailing 12-month earnings per share at 158, against 100 at the start · no comparable year yet · 4 reportingSep 2022 · trailing 12-month earnings per share at 172, against 100 at the start · no comparable year yet · 4 reportingDec 2022 · trailing 12-month earnings per share at 172, against 100 at the start · no comparable year yet · 4 reportingMar 2023 · trailing 12-month earnings per share at 188, against 100 at the start · up 88.4% on a year ago · 4 reportingJun 2023 · trailing 12-month earnings per share at 136, against 100 at the start · down 10.3% on a year ago · 4 reportingSep 2023 · trailing 12-month earnings per share at 110, against 100 at the start · down 52.8% on a year ago · 4 reportingDec 2023 · trailing 12-month earnings per share at 72, against 100 at the start · down 39.1% on a year ago · 4 reportingMar 2024 · trailing 12-month earnings per share at 85, against 100 at the start · down 34.8% on a year ago · 4 reportingJun 2024 · trailing 12-month earnings per share at 82, against 100 at the start · down 15.0% on a year ago · 4 reportingSep 2024 · trailing 12-month earnings per share at 67, against 100 at the start · up 10.3% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 130, against 100 at the start · up 4.0% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 137, against 100 at the start · up 31.6% on a year ago · 4 reportingJun 2025 · trailing 12-month earnings per share at 131, against 100 at the start · down 0.2% on a year ago · 4 reportingSep 2025 · trailing 12-month earnings per share at 136, against 100 at the start · up 73.9% on a year ago · 4 reportingDec 2025 · trailing 12-month earnings per share at 143, against 100 at the start · down 7.4% on a year ago · 4 reportingMar 2026 · trailing 12-month earnings per share at 145, against 100 at the start · up 9.3% on a year ago · 4 reportingNot reported yet — earnings trail price by a quarter or two145 · Mar 26No earnings on file this far back — the price series reaches further than the filings do
100200202620252024202320222021 249348 TRAILING 12-MONTH EPS · 100 AT THE START0100188Mar 22Mar 23Mar 24Mar 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 4 reportingJun 2022 · trailing 12-month earnings per share at 158, against 100 at the start · no comparable year yet · 4 reportingSep 2022 · trailing 12-month earnings per share at 172, against 100 at the start · no comparable year yet · 4 reportingDec 2022 · trailing 12-month earnings per share at 172, against 100 at the start · no comparable year yet · 4 reportingMar 2023 · trailing 12-month earnings per share at 188, against 100 at the start · up 88.4% on a year ago · 4 reportingJun 2023 · trailing 12-month earnings per share at 136, against 100 at the start · down 10.3% on a year ago · 4 reportingSep 2023 · trailing 12-month earnings per share at 110, against 100 at the start · down 52.8% on a year ago · 4 reportingDec 2023 · trailing 12-month earnings per share at 72, against 100 at the start · down 39.1% on a year ago · 4 reportingMar 2024 · trailing 12-month earnings per share at 85, against 100 at the start · down 34.8% on a year ago · 4 reportingJun 2024 · trailing 12-month earnings per share at 82, against 100 at the start · down 15.0% on a year ago · 4 reportingSep 2024 · trailing 12-month earnings per share at 67, against 100 at the start · up 10.3% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 130, against 100 at the start · up 4.0% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 137, against 100 at the start · up 31.6% on a year ago · 4 reportingJun 2025 · trailing 12-month earnings per share at 131, against 100 at the start · down 0.2% on a year ago · 4 reportingSep 2025 · trailing 12-month earnings per share at 136, against 100 at the start · up 73.9% on a year ago · 4 reportingDec 2025 · trailing 12-month earnings per share at 143, against 100 at the start · down 7.4% on a year ago · 4 reportingMar 2026 · trailing 12-month earnings per share at 145, against 100 at the start · up 9.3% on a year ago · 4 reportingNot reported yet — earnings trail price by a quarter or two145No earnings on file this far back — the price series reaches further than the filings do
Gambling, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy NarrowHow much of the industry is participating, how recently, and whether the movers score well.
Together2 of 8 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score +23 vs the industry average
Down the cap ladder — bar is now, tick is four weeks ago
Large 0/20
Mid 2/30
Small 0/30

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 8 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Gambling outperforming S&P 500?

Gambling has underperformed S&P 500 by 22.3% over the last 52 weeks. Over 13 weeks the gap is a lead of 1.1%. 5 of 10 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Rush Street Interactive, Inc. is the strongest against the sector itself at +31.6%.

+1.1%Sector vs S&P 500 · 13 weeks
-22.3%Sector vs S&P 500 · 52 weeks
5/10Stocks leading S&P 500
5/10Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Gambling has underperformed S&P 500 by 22.3% over 52 weeks and 1.1% over 13 weeks. 5 of 10 covered companies beat the S&P 500 on Mansfield relative strength, while 5 of 10 beat the sector itself. Flutter Entertainment plc leads with revenue of $17,048 million, based on 9 of 10 comparable companies through Mar 2026.

Is the Gambling sector outperforming S&P 500?

Gambling has underperformed S&P 500 by 22.3% over 52 weeks and 1.1% over 13 weeks. 5 of 10 covered companies beat the S&P 500 on Mansfield relative strength, while 5 of 10 beat the sector itself.

Which Gambling company is largest by revenue?

Flutter Entertainment plc leads with revenue of $17,048 million, based on 9 of 10 comparable companies through Mar 2026.

Which Gambling company is growing fastest?

Rush Street Interactive, Inc. has the fastest current revenue growth at 28.3%, across 9 of 10 comparable companies.

Which Gambling company has the strongest 4-Factor Sector Score?

Super Group (SGHC) Limited ranks first at 72.6/100 with 76.2% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Gambling company reports the most CAPEX?

Brightstar Lottery PLC reports the largest latest CAPEX at $110 million, with 10 of 10 companies comparable.

Which Gambling company has the least gross debt?

Rush Street Interactive, Inc. has the lowest comparable gross debt at $0 million. Flutter Entertainment plc has the highest at $12,560 million.

Which Gambling company has the lowest comparable PEG?

Brightstar Lottery PLC has the lowest comparable Guarded PEG at 0.29, among 3 of 10 companies that pass the metric’s comparability rules.

How much history does this Gambling comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
10
complete canonical membership
Combined market value
$55.8B
Flutter Entertainment plc
Revenue growing
9/9
positive TTM year-on-year growth
Beating S&P 500
5/10
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Super Group (SGHC) Limited has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 76.2% evidence confidence.
Brightstar Lottery PLC looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Codere Online Luxembourg, S.A. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Super Group (SGHC) Limited · SGHC

72.6/100 · Favorable setup · 76% evidence

Exact sum: 27.4 + 18.9 + 10.2 + 16.1 = 72.6

Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.

27.4/35Growth & earnings

Revenue 20.5% · PAT 100% · OPM change 2.7 pp

95% evidence

18.9/25Capital efficiency

ROCE 15.9% · debt/equity 0.14×

80% evidence

10.2/20Valuation

P/E 22.3× · PEG —

15% evidence

16.1/20Relative strength

RS sector 19.7% · RS bench 17.2% · 1Y 40.6%

100% evidence

2. Rush Street Interactive, Inc. · RSI

70.2/100 · Favorable setup · 76% evidence

Exact sum: 30.3 + 16.1 + 9.8 + 14 = 70.2

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

30.3/35Growth & earnings

Revenue 28.3% · PAT 100% · OPM change 5.9 pp

95% evidence

16.1/25Capital efficiency

ROCE 12.6% · debt/equity 0×

80% evidence

9.8/20Valuation

P/E 70.2× · PEG —

15% evidence

14.0/20Relative strength

RS sector 31.6% · RS bench 29.6% · 1Y 58.6%

100% evidence

3. Meridian Holdings Inc. · MRDN

60.4/100 · Mixed-positive evidence · 62% evidence

Exact sum: 22.8 + 12.1 + 9.5 + 16 = 60.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

22.8/35Growth & earnings

Revenue 12.4% · PAT — · OPM change 6.5 pp

71% evidence

12.1/25Capital efficiency

ROCE 3% · debt/equity 0.38×

80% evidence

9.5/20Valuation

P/E 116.5× · PEG —

15% evidence

16.0/20Relative strength

RS sector 24.5% · RS bench 20.2% · 1Y -20.6%

70% evidence

4. Accel Entertainment, Inc. · ACEL

53.2/100 · Mixed-positive evidence · 80% evidence

Exact sum: 15.8 + 10.9 + 15.1 + 11.4 = 53.2

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

15.8/35Growth & earnings

Revenue 8.5% · PAT 18.6% · OPM change -0.3 pp

95% evidence

10.9/25Capital efficiency

ROCE 2.9% · debt/equity 2.1×

80% evidence

15.1/20Valuation

P/E 18.2× · PEG 0.81

65% evidence

11.4/20Relative strength

RS sector 2.5% · RS bench 0.8% · 1Y -1%

70% evidence

5. Inspired Entertainment, Inc. · INSE

48.9/100 · Thin evidence · provisional · 56% evidence

Exact sum: 19.9 + 11.5 + 11.5 + 6 = 48.9

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

19.9/35Growth & earnings

Revenue 5% · PAT -126.8% · OPM change 13.5 pp

71% evidence

11.5/25Capital efficiency

ROCE 2.6% · debt/equity —

57% evidence

11.5/20Valuation

P/E 4.8× · PEG —

15% evidence

6.0/20Relative strength

RS sector -17.1% · RS bench -19.1% · 1Y -19.5%

70% evidence

6. DraftKings Inc. · DKNG

41.1/100 · Mixed-negative evidence · 68% evidence

Exact sum: 21.6 + 3.8 + 8.5 + 7.2 = 41.1

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

21.6/35Growth & earnings

Revenue 25.8% · PAT — · OPM change 3.7 pp

71% evidence

3.8/25Capital efficiency

ROCE 0.2% · debt/equity 3.17×

80% evidence

8.5/20Valuation

P/E 360.3× · PEG —

15% evidence

7.2/20Relative strength

RS sector -22.2% · RS bench -25.3% · 1Y -43.7%

100% evidence

7. Churchill Downs Incorporated · CHDN

38.4/100 · Mixed-negative evidence · 86% evidence

Exact sum: 14.2 + 10.5 + 8.1 + 5.6 = 38.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

14.2/35Growth & earnings

Revenue 5.7% · PAT -7.8% · OPM change 0.6 pp

95% evidence

10.5/25Capital efficiency

ROCE 2.2% · debt/equity 4.31×

80% evidence

8.1/20Valuation

P/E 16.6× · PEG 2.35

65% evidence

5.6/20Relative strength

RS sector -11.7% · RS bench -13.6% · 1Y -16.1%

100% evidence

8. Brightstar Lottery PLC · BRSL

37.3/100 · Mixed-negative evidence · 86% evidence

Exact sum: 8.3 + 11 + 16.2 + 1.8 = 37.3

Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

8.3/35Growth & earnings

Revenue 3.3% · PAT -34.2% · OPM change -2.4 pp

95% evidence

11.0/25Capital efficiency

ROCE 1.8% · debt/equity 1.94×

80% evidence

16.2/20Valuation

P/E 15× · PEG 0.29

65% evidence

1.8/20Relative strength

RS sector -29.2% · RS bench -31.1% · 1Y -28.7%

100% evidence

9. Flutter Entertainment plc · FLUT

31.0/100 · Adverse evidence · 76% evidence

Exact sum: 8.2 + 7.6 + 9.2 + 6 = 31

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

8.2/35Growth & earnings

Revenue 19.1% · PAT -157.7% · OPM change -4.3 pp

95% evidence

7.6/25Capital efficiency

ROCE 0.4% · debt/equity 1.29×

80% evidence

9.2/20Valuation

P/E 140.8× · PEG —

15% evidence

6.0/20Relative strength

RS sector -39.1% · RS bench -42.3% · 1Y -63.6%

100% evidence

10. Codere Online Luxembourg, S.A. · CDRO

44.5/100 · Thin evidence · provisional · 34% evidence

Exact sum: 14.8 + 6.9 + 8.8 + 14 = 44.5

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

14.8/35Growth & earnings

Revenue — · PAT — · OPM change —

16% evidence

6.9/25Capital efficiency

ROCE 0% · debt/equity —

46% evidence

8.8/20Valuation

P/E 228× · PEG —

15% evidence

14.0/20Relative strength

RS sector 8.4% · RS bench 6.8% · 1Y 12.8%

70% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Flutter Entertainment plc has the highest Revenue among the 10 Gambling companies compared here, at $17,048 million. DraftKings Inc. is next at $6,292 million. Rush Street Interactive, Inc. has the highest Revenue growth at 28.3%, so level and change sit with different companies. 9 of 10 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Flutter Entertainment plc is the scale leader at $17,048 million, 170.9% ahead of DraftKings Inc.. Rush Street Interactive, Inc.'s growth is 28.3% from a $1,242 million base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderFlutter Entertainment plc · $17,048 million
Gap170.9% versus #2 · DraftKings Inc.
Persistence8/8 recent comparable periods
Coverage9/10 companies · 184 observations

Investor read: Flutter Entertainment plc is the scale benchmark; Rush Street Interactive, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Flutter Entertainment plc's growth falls below Rush Street Interactive, Inc.'s for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Flutter Entertainment plc FLUT$17.0B
2DraftKings Inc. DKNG$6.3B
3Churchill Downs Incorporated CHDN$2.9B
4Brightstar Lottery PLC BRSL$2.5B
5Super Group (SGHC) Limited SGHC$2.3B
Revenue growthfastest growers
1Rush Street Interactive, Inc. RSI28%
2DraftKings Inc. DKNG26%
3Super Group (SGHC) Limited SGHC21%
4Flutter Entertainment plc FLUT19%
5Meridian Holdings Inc. MRDN12%
Revenue · company comparison
9/10 level · 9/10 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Flutter Entertainment plc FLUT$4.3B17%Mar 2026
DraftKings Inc. DKNG$1.6B17%Mar 2026
Churchill Downs Incorporated CHDN$663M3.1%Mar 2026
Super Group (SGHC) Limited SGHC$612M18%Mar 2026
Brightstar Lottery PLC BRSL$587M0.7%Mar 2026
Rush Street Interactive, Inc. RSI$370M41%Mar 2026
Accel Entertainment, Inc. ACEL$352M8.6%Mar 2026
Codere Online Luxembourg, S.A. CDRO$105M6.1%Mar 2026
Inspired Entertainment, Inc. INSE$57M-5.0%Mar 2026
Meridian Holdings Inc. MRDN$50M16%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Accel Entertainment, Inc. · ACEL

$202M
$193M
$192M
$197M
$228M
$267M
$278M
$293M
$293M
$287M
$297M
$302M
$309M
$302M
$318M
$324M
$336M
$330M
$341M
$352M

Brightstar Lottery PLC · BRSL

$1.0B
$984M
$1.1B
$1.1B
$1.0B
$1.1B
$1.1B
$1.1B
$1.1B
$601M
$681M
$661M
$613M
$586M
$651M
$583M
$630M
$629M
$668M
$587M

Churchill Downs Incorporated · CHDN

$515M
$393M
$365M
$364M
$583M
$383M
$480M
$560M
$769M
$573M
$561M
$591M
$891M
$629M
$624M
$643M
$934M
$683M
$666M
$663M

Codere Online Luxembourg, S.A. · CDRO

$40M
—
$40M
—
$51M
—
$64M
—
$75M
—
$87M
—
$102M
—
$99M
—
$105M
—
$105M
—

DraftKings Inc. · DKNG

$298M
$213M
$473M
$417M
$466M
$502M
$855M
$770M
$875M
$790M
$1.2B
$1.2B
$1.1B
$1.1B
$1.4B
$1.4B
$1.5B
$1.1B
$2.0B
$1.6B

Flutter Entertainment plc · FLUT

$2.2B
$2.0B
$2.1B
$2.1B
$2.3B
—
$2.8B
$2.9B
$3.0B
$2.6B
$3.3B
$3.4B
$3.6B
$3.2B
$3.8B
$3.7B
$4.2B
$3.8B
$4.8B
$4.3B

Inspired Entertainment, Inc. · INSE

$42M
$78M
$64M
$60M
$71M
$74M
—
$65M
$79M
$98M
$81M
$62M
$75M
$77M
$65M
$60M
$80M
$86M
$68M
$57M

Meridian Holdings Inc. · MRDN

—
—
—
—
$8M
$9M
$10M
$11M
$10M
$11M
$22M
$25M
$39M
$41M
$46M
$43M
$43M
$47M
$50M
$50M

Rush Street Interactive, Inc. · RSI

$123M
$123M
$131M
$135M
$144M
$148M
$166M
$162M
$165M
$170M
$194M
$217M
$220M
$232M
$254M
$262M
$269M
$278M
$325M
$370M

Super Group (SGHC) Limited · SGHC

$421M
$362M
$368M
$370M
$336M
$302M
$442M
$368M
$416M
$378M
$398M
$409M
$445M
$449M
$520M
$517M
$579M
$557M
$578M
$612M

Revenue growth · reported quarter history

Accel Entertainment, Inc. · ACEL

—
—
—
—
13%
38%
45%
49%
29%
7.5%
6.8%
3.1%
5.5%
5.2%
7.1%
7.3%
8.7%
9.3%
7.2%
8.6%

Brightstar Lottery PLC · BRSL

—
—
—
—
-1.9%
7.7%
4.2%
1.0%
3.3%
-43%
-38%
-38%
-42%
-2.5%
-4.4%
-12%
2.8%
7.3%
2.6%
0.7%

Churchill Downs Incorporated · CHDN

—
—
—
—
13%
-2.5%
32%
54%
32%
50%
17%
5.5%
16%
9.8%
11%
8.8%
4.8%
8.6%
6.7%
3.1%

Codere Online Luxembourg, S.A. · CDRO

33%
—
-2.4%
—
28%
—
60%
—
47%
—
36%
—
36%
—
14%
—
2.9%
—
6.1%
—

DraftKings Inc. · DKNG

—
—
—
—
56%
136%
81%
85%
88%
57%
44%
53%
26%
39%
13%
20%
37%
4.5%
43%
17%

Flutter Entertainment plc · FLUT

—
—
—
—
4.3%
—
37%
38%
31%
—
17%
16%
20%
27%
14%
7.9%
16%
17%
26%
17%

Inspired Entertainment, Inc. · INSE

—
—
—
—
69%
-5.1%
—
8.3%
11%
32%
—
-4.6%
-5.1%
-21%
-20%
-3.2%
6.7%
12%
4.6%
-5.0%

Meridian Holdings Inc. · MRDN

—
—
—
—
—
—
—
—
25%
22%
120%
127%
290%
273%
109%
72%
10%
15%
8.7%
16%

Rush Street Interactive, Inc. · RSI

—
—
—
—
17%
20%
27%
20%
15%
15%
17%
34%
33%
36%
31%
21%
22%
20%
28%
41%

Super Group (SGHC) Limited · SGHC

—
—
—
—
-20%
-17%
20%
-0.5%
24%
25%
-10.0%
11%
7.0%
19%
31%
26%
30%
24%
11%
18%
02 · compare level, then change

Operating Economics & Margin Trend

Brightstar Lottery PLC has the highest OPM among the 10 Gambling companies compared here, at 21.6%. Inspired Entertainment, Inc. has the highest Margin change at +13.5 percentage points, so level and change sit with different companies. 9 of 10 companies report a comparable reading, the latest through Mar 2026. Its OPM series carries 20 reported observations across the 20-quarter window.

What the numbers say: Brightstar Lottery PLC leads opm at 21.6%; Inspired Entertainment, Inc. leads margin change at +13.5 percentage points.

LeaderBrightstar Lottery PLC · 21.6%
Gap0% versus #2 · Churchill Downs Incorporated
Persistence2/8 recent comparable periods
Coverage9/10 companies · 174 observations

Investor read: Brightstar Lottery PLC sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Brightstar Lottery PLC BRSL22%
2Churchill Downs Incorporated CHDN22%
3Super Group (SGHC) Limited SGHC20%
4Inspired Entertainment, Inc. INSE16%
5Rush Street Interactive, Inc. RSI12%
Margin changefastest expanders
1Inspired Entertainment, Inc. INSE+13.5 pp
2Meridian Holdings Inc. MRDN+6.5 pp
3Rush Street Interactive, Inc. RSI+5.9 pp
4DraftKings Inc. DKNG+3.7 pp
5Super Group (SGHC) Limited SGHC+2.7 pp
Operating margin · company comparison
9/10 level · 9/10 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
Churchill Downs Incorporated CHDN22%+0.6 ppMar 2026
Brightstar Lottery PLC BRSL22%−2.4 ppMar 2026
Super Group (SGHC) Limited SGHC20%+2.7 ppMar 2026
Inspired Entertainment, Inc. INSE16%+13.5 ppMar 2026
Rush Street Interactive, Inc. RSI12%+5.9 ppMar 2026
Accel Entertainment, Inc. ACEL7.7%−0.3 ppMar 2026
Meridian Holdings Inc. MRDN6.3%+6.5 ppMar 2026
Flutter Entertainment plc FLUT1.8%−4.3 ppMar 2026
DraftKings Inc. DKNG0.4%+3.7 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Accel Entertainment, Inc. · ACEL

12%
9.6%
8.9%
11%
12%
8.7%
9.0%
9.4%
10%
8.7%
8.6%
8.5%
7.3%
7.2%
6.5%
8.0%
8.0%
7.7%
8.7%
7.7%

Brightstar Lottery PLC · BRSL

23%
22%
18%
24%
22%
20%
21%
24%
24%
27%
29%
33%
29%
19%
28%
24%
22%
29%
25%
22%

Churchill Downs Incorporated · CHDN

26%
17%
9.5%
13%
34%
16%
2.4%
21%
29%
20%
19%
21%
37%
20%
20%
21%
35%
14%
19%
22%

DraftKings Inc. · DKNG

-108%
-257%
-78%
-124%
-66%
-91%
-27%
-51%
-7.9%
-36%
-3.6%
-12%
-2.9%
-27%
-10%
-3.3%
10%
-24%
7.6%
0.4%

Flutter Entertainment plc · FLUT

-11%
-12%
-4.2%
-6.3%
4.8%
—
0.8%
-0.5%
7.4%
-5.4%
-19%
3.7%
10%
3.0%
7.4%
6.1%
9.3%
-22%
5.4%
1.8%

Inspired Entertainment, Inc. · INSE

-23%
19%
3.9%
11%
17%
21%
—
7.1%
17%
13%
10%
-3.4%
12%
15%
20%
2.6%
9.8%
11%
17%
16%

Meridian Holdings Inc. · MRDN

—
—
—
—
8.9%
8.0%
-18%
-3.1%
-4.8%
35%
15%
15%
0.3%
-2.4%
-0.2%
-0.2%
-5.3%
-0.8%
-188%
6.3%

Rush Street Interactive, Inc. · RSI

-9.9%
-14%
-28%
-37%
-18%
-14%
-17%
-14%
-8.7%
-6.9%
-1.8%
0.7%
1.9%
2.8%
5.1%
5.7%
9.0%
7.0%
8.8%
12%

Super Group (SGHC) Limited · SGHC

18%
17%
13%
13%
13%
9.2%
-0.4%
1.4%
12%
7.6%
-13%
4.2%
4.4%
5.5%
19%
17%
12%
22%
17%
20%

Margin change · reported quarter history

Accel Entertainment, Inc. · ACEL

—
—
—
—
−0.3 pp
−0.9 pp
+0.1 pp
−1.4 pp
−2.0 pp
0.0 pp
−0.4 pp
−0.9 pp
−2.7 pp
−1.5 pp
−2.1 pp
−0.5 pp
+0.7 pp
+0.5 pp
+2.2 pp
−0.3 pp

Brightstar Lottery PLC · BRSL

—
—
—
—
−1.1 pp
−1.6 pp
+3.3 pp
0.0 pp
+1.5 pp
+7.2 pp
+7.9 pp
+9.1 pp
+5.4 pp
−8.2 pp
−1.1 pp
−9.1 pp
−7.1 pp
+10.2 pp
−2.5 pp
−2.4 pp

Churchill Downs Incorporated · CHDN

—
—
—
—
+8.0 pp
−0.8 pp
−7.1 pp
+8.4 pp
−4.9 pp
+3.2 pp
+16.5 pp
0.0 pp
+7.6 pp
+0.4 pp
+1.4 pp
−0.4 pp
−1.9 pp
−5.7 pp
−1.8 pp
+0.6 pp

DraftKings Inc. · DKNG

—
—
—
—
+41.7 pp
+166.1 pp
+50.7 pp
+73.0 pp
+58.4 pp
+54.4 pp
+23.6 pp
+38.8 pp
+5.0 pp
+9.0 pp
−6.4 pp
+8.5 pp
+12.9 pp
+3.5 pp
+17.6 pp
+3.7 pp

Flutter Entertainment plc · FLUT

—
—
—
—
+16.0 pp
—
+5.0 pp
+5.8 pp
+2.6 pp
—
−19.5 pp
+4.2 pp
+2.8 pp
+8.4 pp
+26.1 pp
+2.4 pp
−0.9 pp
−25.0 pp
−2.0 pp
−4.3 pp

Inspired Entertainment, Inc. · INSE

—
—
—
—
+40.7 pp
+1.4 pp
—
−4.3 pp
+0.1 pp
−8.1 pp
—
−10.5 pp
−5.8 pp
+2.0 pp
+9.7 pp
+6.0 pp
−1.8 pp
−3.2 pp
−3.4 pp
+13.5 pp

Meridian Holdings Inc. · MRDN

—
—
—
—
—
—
—
—
−13.7 pp
+26.7 pp
+32.3 pp
+18.0 pp
+5.1 pp
−37.1 pp
−14.7 pp
−15.1 pp
−5.6 pp
+1.6 pp
−188.1 pp
+6.5 pp

Rush Street Interactive, Inc. · RSI

—
—
—
—
−8.0 pp
+0.5 pp
+11.3 pp
+23.5 pp
+9.2 pp
+7.0 pp
+15.3 pp
+14.3 pp
+10.6 pp
+9.7 pp
+6.9 pp
+5.0 pp
+7.1 pp
+4.2 pp
+3.7 pp
+5.9 pp

Super Group (SGHC) Limited · SGHC

—
—
—
—
−5.0 pp
−8.0 pp
−13.8 pp
−11.5 pp
−1.2 pp
−1.6 pp
−12.1 pp
+2.8 pp
−7.5 pp
−2.1 pp
+31.3 pp
+13.0 pp
+7.7 pp
+16.8 pp
−1.8 pp
+2.7 pp
03 · compare level, then change

Profit Scale & Acceleration

Churchill Downs Incorporated has the highest Net profit among the 10 Gambling companies compared here, at $392 million. Super Group (SGHC) Limited is next at $384 million. Rush Street Interactive, Inc. has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Churchill Downs Incorporated leads with $392 million of TTM profit, 2.1% above Super Group (SGHC) Limited. Rush Street Interactive, Inc. shows ≥100% on the scoring scale (345% uncapped) growth from a $89 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderChurchill Downs Incorporated · $392 million
Gap2.1% versus #2 · Super Group (SGHC) Limited
Persistence5/8 recent comparable periods
Coverage9/10 companies · 185 observations

Investor read: Churchill Downs Incorporated sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Churchill Downs Incorporated CHDN$392M
2Super Group (SGHC) Limited SGHC$384M
3Brightstar Lottery PLC BRSL$290M
4Rush Street Interactive, Inc. RSI$89M
5DraftKings Inc. DKNG$54M
Profit growthfastest growers
1Rush Street Interactive, Inc. RSI100%
2Super Group (SGHC) Limited SGHC100%
3Accel Entertainment, Inc. ACEL19%
4Churchill Downs Incorporated CHDN-7.8%
5Brightstar Lottery PLC BRSL-34%
Net profit · company comparison
9/10 level · 6/10 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
Flutter Entertainment plc FLUT$209M-38%Mar 2026
Super Group (SGHC) Limited SGHC$86M46%Mar 2026
Churchill Downs Incorporated CHDN$83M7.8%Mar 2026
Brightstar Lottery PLC BRSL$63M5.0%Mar 2026
Rush Street Interactive, Inc. RSI$26M136%Mar 2026
DraftKings Inc. DKNG$17M147%Mar 2026
Accel Entertainment, Inc. ACEL$15M0.0%Mar 2026
Codere Online Luxembourg, S.A. CDRO$4M0.0%Mar 2026
Meridian Holdings Inc. MRDN$2M-100%Mar 2026
Inspired Entertainment, Inc. INSE$-1M-112%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Accel Entertainment, Inc. · ACEL

$12M
$11M
$7M
$16M
$22M
$22M
$13M
$9M
$10M
$10M
$16M
$7M
$15M
$5M
$8M
$15M
$7M
$13M
$16M
$15M

Brightstar Lottery PLC · BRSL

$365M
$101M
$110M
$117M
$34M
$294M
$-31M
$67M
$90M
$123M
$27M
$128M
$85M
$43M
$253M
$60M
$-20M
$155M
$92M
$63M

Churchill Downs Incorporated · CHDN

$108M
$61M
$43M
$42M
$339M
$57M
$1M
$156M
$143M
$61M
$58M
$80M
$210M
$66M
$72M
$77M
$218M
$39M
$52M
$83M

Codere Online Luxembourg, S.A. · CDRO

$-13M
—
$-55M
—
$-17M
—
$-30M
—
$0M
—
$-2M
—
$0M
—
$4M
—
$-3M
—
$4M
—

DraftKings Inc. · DKNG

$-305M
$-545M
$-330M
$-465M
$-217M
$-450M
$-242M
$-397M
$-77M
$-283M
$-44M
$-143M
$64M
$-294M
$-134M
$-34M
$158M
$-258M
$137M
$17M

Flutter Entertainment plc · FLUT

$-516M
$-224M
$-137M
$-105M
$19M
—
$-84M
$-111M
$64M
$-262M
$-902M
$-177M
$297M
$-114M
$156M
$335M
$37M
$-789M
$154M
$209M

Inspired Entertainment, Inc. · INSE

$-44M
$25M
$-5M
$2M
$6M
$9M
$4M
$-1M
$6M
$3M
$2M
$-6M
$1M
$3M
$67M
$0M
$-8M
$-2M
$-8M
$-1M

Meridian Holdings Inc. · MRDN

—
—
—
—
$1M
$1M
$-2M
$0M
$-1M
$-1M
$4M
$4M
$0M
$-3M
$-2M
$0M
$-4M
$0M
$-88M
$2M

Rush Street Interactive, Inc. · RSI

$-14M
$-19M
$-38M
$-52M
$-28M
$-23M
$-31M
$-25M
$-17M
$-13M
$-5M
$-2M
$0M
$3M
$6M
$11M
$29M
$15M
$19M
$26M

Super Group (SGHC) Limited · SGHC

$76M
$58M
$91M
$-181M
$313M
$34M
$29M
$-2M
$30M
$11M
$-50M
$44M
$-1M
$9M
$68M
$59M
$-3M
$96M
$205M
$86M

Profit growth · reported quarter history

Accel Entertainment, Inc. · ACEL

—
—
—
—
83%
100%
86%
-44%
-55%
-55%
23%
-22%
50%
-50%
-50%
114%
-53%
160%
100%
0.0%

Brightstar Lottery PLC · BRSL

—
—
—
—
-91%
191%
-128%
-43%
165%
-58%
—
91%
-5.6%
-65%
837%
-53%
-124%
260%
-64%
5.0%

Churchill Downs Incorporated · CHDN

—
—
—
—
214%
-6.6%
-98%
271%
-58%
7.0%
5,700%
-49%
47%
8.2%
24%
-3.8%
3.8%
-41%
-28%
7.8%

Codere Online Luxembourg, S.A. · CDRO

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.0%
—

DraftKings Inc. · DKNG

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
147%
—
—
—

Flutter Entertainment plc · FLUT

—
—
—
—
—
—
—
—
237%
—
—
—
364%
—
—
—
-88%
—
-1.3%
-38%

Inspired Entertainment, Inc. · INSE

—
—
—
—
—
-64%
—
-150%
0.0%
-67%
-50%
—
-83%
0.0%
3,250%
—
-900%
-167%
-112%
—

Meridian Holdings Inc. · MRDN

—
—
—
—
—
—
—
—
-200%
-200%
—
—
—
—
-150%
-100%
—
—
—
—

Rush Street Interactive, Inc. · RSI

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
400%
217%
136%

Super Group (SGHC) Limited · SGHC

—
—
—
—
312%
-41%
-68%
—
-90%
-68%
-272%
—
-103%
-18%
—
34%
—
967%
201%
46%
04 · compare level, then change

Capacity Spending & Returns On It

Brightstar Lottery PLC has the highest CAPEX among the 10 Gambling companies compared here, at $110 million. Churchill Downs Incorporated is next at $59 million. The same company also holds the highest CAPEX intensity, at 18.7%. 10 of 10 companies report a comparable reading, the latest through Mar 2026. Its CAPEX series carries 20 reported observations across the 20-quarter window.

What the numbers say: Brightstar Lottery PLC reports $110 million of CAPEX; Brightstar Lottery PLC has the highest covered intensity at 18.7%. Coverage is only 10 of 10 companies and 180 reported observations, so this is partial evidence—not a complete sector rank.

LeaderBrightstar Lottery PLC · $110 million
Gap86.4% versus #2 · Churchill Downs Incorporated
Persistence8/8 recent comparable periods
Coverage10/10 companies · 180 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Brightstar Lottery PLC BRSL$110M
2Churchill Downs Incorporated CHDN$59M
3Flutter Entertainment plc FLUT$25M
4Accel Entertainment, Inc. ACEL$23M
5DraftKings Inc. DKNG$7M
CAPEX intensityhighest reinvestment intensity
1Brightstar Lottery PLC BRSL19%
2Churchill Downs Incorporated CHDN8.9%
3Inspired Entertainment, Inc. INSE7.0%
4Accel Entertainment, Inc. ACEL6.5%
5Flutter Entertainment plc FLUT0.6%
Capital expenditure · company comparison
10/10 level · 10/10 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyCAPEXCAPEX intensityReported
Brightstar Lottery PLC BRSL$110M19%Mar 2026
Churchill Downs Incorporated CHDN$59M8.9%Mar 2026
Flutter Entertainment plc FLUT$25M0.6%Mar 2026
Accel Entertainment, Inc. ACEL$23M6.5%Mar 2026
DraftKings Inc. DKNG$7M0.4%Mar 2026
Inspired Entertainment, Inc. INSE$4M7.0%Mar 2026
Super Group (SGHC) Limited SGHC$2M0.3%Mar 2026
Rush Street Interactive, Inc. RSI$0M0.0%Mar 2026
Codere Online Luxembourg, S.A. CDRO$0M0.0%Mar 2026
Meridian Holdings Inc. MRDN$0M0.0%Mar 2026
Full 20-quarter history · every available company

CAPEX · reported quarter history

Accel Entertainment, Inc. · ACEL

$9M
$8M
$11M
$7M
$6M
$20M
$14M
$21M
$20M
$19M
$22M
$21M
$18M
$17M
$11M
$27M
$26M
$21M
$15M
$23M

Brightstar Lottery PLC · BRSL

$73M
$47M
$71M
$73M
$80M
$73M
$91M
$94M
$99M
$31M
$43M
$35M
$39M
$30M
$45M
$76M
$98M
$65M
$76M
$110M

Churchill Downs Incorporated · CHDN

$17M
$23M
$40M
$56M
$112M
$97M
$160M
$135M
$178M
$186M
$178M
$155M
$137M
$126M
$129M
$80M
$85M
$60M
$50M
$59M

Codere Online Luxembourg, S.A. · CDRO

$0M
—
$0M
—
$0M
—
$0M
—
$0M
—
$0M
—
$0M
—
$0M
—
$0M
—
$0M
—

DraftKings Inc. · DKNG

$4M
$5M
$5M
$9M
$6M
$5M
$12M
$7M
$3M
$10M
$1M
$3M
$2M
$3M
$2M
$3M
$4M
$4M
$4M
$7M

Flutter Entertainment plc · FLUT

$23M
$38M
$38M
$16M
$16M
$45M
$45M
$18M
$31M
$21M
$89M
$22M
$28M
$37M
$57M
$19M
$37M
$13M
$36M
$25M

Inspired Entertainment, Inc. · INSE

$3M
$3M
$3M
$6M
$6M
$4M
$4M
$6M
$3M
$11M
$12M
$4M
$3M
$4M
—
$9M
$10M
$6M
—
$4M

Meridian Holdings Inc. · MRDN

—
—
—
—
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$1M
$1M
$2M
$3M
$1M
$2M
$1M
$2M
$0M

Rush Street Interactive, Inc. · RSI

$0M
$1M
$2M
$1M
$1M
$1M
$1M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M

Super Group (SGHC) Limited · SGHC

$1M
$1M
$1M
$3M
$0M
$2M
$2M
—
—
—
—
$3M
$3M
$4M
$4M
$6M
$6M
$15M
$15M
$2M

CAPEX intensity · reported quarter history

Accel Entertainment, Inc. · ACEL

4.5%
4.1%
5.7%
3.6%
2.6%
7.5%
5.0%
7.2%
6.8%
6.6%
7.4%
7.0%
5.8%
5.6%
3.5%
8.3%
7.7%
6.4%
4.4%
6.5%

Brightstar Lottery PLC · BRSL

7.0%
4.8%
6.8%
6.9%
7.8%
6.9%
8.3%
8.9%
9.4%
5.2%
6.3%
5.3%
6.4%
5.1%
6.9%
13%
16%
10%
11%
19%

Churchill Downs Incorporated · CHDN

3.3%
5.9%
11%
15%
19%
25%
33%
24%
23%
33%
32%
26%
15%
20%
21%
12%
9.1%
8.8%
7.5%
8.9%

Codere Online Luxembourg, S.A. · CDRO

0.0%
—
0.0%
—
0.0%
—
0.0%
—
0.0%
—
0.0%
—
0.0%
—
0.0%
—
0.0%
—
0.0%
—

DraftKings Inc. · DKNG

1.3%
2.3%
1.1%
2.2%
1.3%
1.0%
1.4%
0.9%
0.3%
1.3%
0.1%
0.3%
0.2%
0.3%
0.1%
0.2%
0.3%
0.3%
0.2%
0.4%

Flutter Entertainment plc · FLUT

1.0%
1.9%
1.8%
0.8%
0.7%
—
1.6%
0.6%
1.0%
0.8%
2.7%
0.6%
0.8%
1.1%
1.5%
0.5%
0.9%
0.3%
0.8%
0.6%

Inspired Entertainment, Inc. · INSE

7.1%
3.8%
4.7%
10%
8.5%
5.4%
—
9.2%
3.8%
11%
15%
6.5%
4.0%
5.2%
—
15%
13%
7.0%
—
7.0%

Meridian Holdings Inc. · MRDN

—
—
—
—
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
4.0%
2.6%
4.9%
6.5%
2.3%
4.7%
2.1%
4.0%
0.0%

Rush Street Interactive, Inc. · RSI

0.0%
0.8%
1.5%
0.7%
0.7%
0.7%
0.6%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

Super Group (SGHC) Limited · SGHC

0.2%
0.3%
0.3%
0.8%
0.0%
0.7%
0.5%
—
—
—
—
0.7%
0.7%
0.9%
0.8%
1.2%
1.0%
2.7%
2.6%
0.3%
Annual capital allocation · 5-year view
10/10 capacity base · 10/10 OCF · 10/10 CAPEX · 10/10 FCF

Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.

Full annual capacity base, operating cash flow, CAPEX and free cash flow history

Capacity base · net fixed assets + CWIP · fiscal-year history

DraftKings Inc. · DKNG

$110M
$126M
$155M
$125M
$101M

Operating cash flow · fiscal-year history

DraftKings Inc. · DKNG

$-420M
$-626M
$-2M
$418M
$663M

CAPEX · reported cash flow · fiscal-year history

DraftKings Inc. · DKNG

$16M
$32M
$21M
$10M
$15M

Free cash flow · fiscal-year history

DraftKings Inc. · DKNG

$-435M
$-658M
$-23M
$408M
$648M
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Rush Street Interactive, Inc. has the lowest Gross debt among the 10 Gambling companies compared here, at $0 million. Meridian Holdings Inc. is next at $19 million. Super Group (SGHC) Limited has the lowest Net debt at $334 million net cash, so level and change sit with different companies.

What the numbers say: Super Group (SGHC) Limited has the clearest covered balance-sheet capacity with $334 million net cash and gross debt of $104 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderRush Street Interactive, Inc. · $0 million
Gap100% versus #2 · Meridian Holdings Inc.
Persistence8/8 recent comparable periods
Coverage9/10 companies · 175 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Rush Street Interactive, Inc. RSI$0M
2Meridian Holdings Inc. MRDN$19M
3Super Group (SGHC) Limited SGHC$104M
4Inspired Entertainment, Inc. INSE$352M
5Accel Entertainment, Inc. ACEL$581M
Net debtlowest net debt
1Super Group (SGHC) Limited SGHC$-334M
2Rush Street Interactive, Inc. RSI$-332M
3Meridian Holdings Inc. MRDN$3M
4Accel Entertainment, Inc. ACEL$307M
5Inspired Entertainment, Inc. INSE$311M
Debt and balance-sheet capacity · company comparison
9/10 level · 9/10 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
Flutter Entertainment plc FLUT$12.6B$11.0BMar 2026
Churchill Downs Incorporated CHDN$4.9B$4.7BMar 2026
Brightstar Lottery PLC BRSL$4.1B$2.8BMar 2026
DraftKings Inc. DKNG$1.9B$540MMar 2026
Accel Entertainment, Inc. ACEL$581M$307MMar 2026
Inspired Entertainment, Inc. INSE$352M$311MMar 2026
Super Group (SGHC) Limited SGHC$104M$-334MMar 2026
Meridian Holdings Inc. MRDN$19M$3MMar 2026
Rush Street Interactive, Inc. RSI$0M$-332MMar 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Accel Entertainment, Inc. · ACEL

$345M
$328M
$342M
$342M
$502M
$521M
$542M
$538M
$518M
$512M
$543M
$540M
$566M
$554M
$595M
$581M
$595M
$595M
$607M
$581M

Brightstar Lottery PLC · BRSL

$7.2B
$6.8B
$6.8B
$6.7B
$6.7B
$5.7B
$6.0B
$6.0B
$6.0B
$6.0B
$5.9B
$5.7B
$5.7B
$5.7B
$5.5B
$5.8B
$6.6B
$4.3B
$4.3B
$4.1B

Churchill Downs Incorporated · CHDN

$2.0B
$2.0B
$2.0B
$2.0B
$3.2B
$3.2B
$4.6B
$4.4B
$4.6B
$4.7B
$4.8B
$4.9B
$4.9B
$4.8B
$4.9B
$4.9B
$5.0B
$5.1B
$5.1B
$4.9B

DraftKings Inc. · DKNG

$1.3B
$1.3B
$1.3B
$1.3B
$1.3B
$1.3B
$1.3B
$1.3B
$1.3B
$1.3B
$1.3B
$1.3B
$1.3B
$1.3B
$1.3B
$1.9B
$1.9B
$1.9B
$1.9B
$1.9B

Flutter Entertainment plc · FLUT

$4.6B
$5.2B
$5.2B
$5.2B
$5.2B
$7.2B
$7.2B
$7.2B
$7.2B
$7.5B
$7.5B
$7.3B
$7.3B
$7.5B
$7.3B
$7.4B
$10.6B
$12.7B
$12.9B
$12.6B

Inspired Entertainment, Inc. · INSE

$330M
$321M
$332M
$315M
$290M
$268M
$295M
$303M
$311M
$299M
$332M
$330M
$331M
$376M
$351M
$361M
$389M
$395M
$372M
$352M

Meridian Holdings Inc. · MRDN

—
—
—
—
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$32M
$32M
$39M
$39M
$36M
$29M
$26M
$23M
$19M

Rush Street Interactive, Inc. · RSI

$2M
$1M
$2M
$1M
$1M
$2M
$2M
$2M
$1M
$1M
$0M
$1M
$2M
$0M
$0M
$0M
$0M
$0M
$0M
$0M

Super Group (SGHC) Limited · SGHC

—
$23M
$23M
$22M
$17M
$15M
$20M
$169M
$17M
$28M
$32M
$30M
$30M
$78M
$73M
$74M
$76M
$72M
$81M
$104M

Net debt · reported quarter history

Accel Entertainment, Inc. · ACEL

$166M
$148M
$111M
$115M
$250M
$277M
$286M
$277M
$285M
$282M
$281M
$286M
$311M
$289M
$314M
$309M
$330M
$305M
$310M
$307M

Brightstar Lottery PLC · BRSL

$6.6B
$6.4B
$6.2B
$6.1B
$6.0B
$5.3B
$5.4B
$5.4B
$5.6B
$5.5B
$5.3B
$5.4B
$5.3B
$5.2B
$4.9B
$5.1B
$5.3B
$2.7B
$2.8B
$2.8B

Churchill Downs Incorporated · CHDN

$1.6B
$1.7B
$1.7B
$1.7B
$2.9B
$3.1B
$4.5B
$4.2B
$4.2B
$4.6B
$4.7B
$4.8B
$4.7B
$4.7B
$4.7B
$4.7B
$4.8B
$4.9B
$4.9B
$4.7B

DraftKings Inc. · DKNG

$-1.6B
$-1.6B
$-1.3B
$-922M
$-607M
$-632M
$-454M
$-203M
$-175M
$-246M
$-266M
$-126M
$284M
$200M
$21M
$391M
$351M
$203M
$293M
$540M

Flutter Entertainment plc · FLUT

$3.6B
$5.1B
$5.1B
$5.1B
$5.1B
$6.1B
$6.1B
$7.0B
$7.0B
$7.4B
$7.4B
$5.8B
$5.6B
$5.8B
$7.2B
$5.7B
$8.8B
$10.9B
$12.9B
$11.0B

Inspired Entertainment, Inc. · INSE

$305M
$284M
$284M
$274M
$258M
$231M
$270M
$275M
$269M
$273M
$292M
$295M
$307M
$340M
$322M
$322M
$343M
$359M
$330M
$311M

Meridian Holdings Inc. · MRDN

—
—
—
—
$-16M
$-16M
$-15M
$-15M
$-16M
$-16M
$-17M
$-1M
$-1M
$1M
$9M
$6M
$7M
$4M
$5M
$3M

Rush Street Interactive, Inc. · RSI

$-371M
$-359M
$-298M
$-260M
$-227M
$-223M
$-204M
$-174M
$-150M
$-175M
$-171M
$-193M
$-197M
$-220M
$-233M
$-232M
$-242M
$-278M
$-341M
$-332M

Super Group (SGHC) Limited · SGHC

—
$-311M
$-311M
$-280M
$-214M
$-246M
$-253M
$-99M
$-233M
$-232M
$-235M
$-282M
$-299M
$-252M
$-329M
$-291M
$-333M
$-406M
$-448M
$-334M
06 · compare level, then change

Return On Capital Employed

Super Group (SGHC) Limited has the highest ROCE among the 10 Gambling companies compared here, at 15.9%. Rush Street Interactive, Inc. is next at 12.6%. Rush Street Interactive, Inc. has the highest ROCE change at +5.2 percentage points, so level and change sit with different companies. 10 of 10 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Super Group (SGHC) Limited leads ROCE at 15.9%, 3.3 percentage points above Rush Street Interactive, Inc.. Rush Street Interactive, Inc. has the strongest latest improvement at +5.2 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderSuper Group (SGHC) Limited · 15.9%
Gap26.2% versus #2 · Rush Street Interactive, Inc.
Persistence5/8 recent comparable periods
Coverage10/10 companies · 186 observations

Investor read: Super Group (SGHC) Limited sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Super Group (SGHC) Limited SGHC16%
2Rush Street Interactive, Inc. RSI13%
3Meridian Holdings Inc. MRDN3.0%
4Accel Entertainment, Inc. ACEL2.9%
5Inspired Entertainment, Inc. INSE2.6%
ROCE changefastest improvers
1Rush Street Interactive, Inc. RSI+5.2 pp
2Meridian Holdings Inc. MRDN+3.1 pp
3Super Group (SGHC) Limited SGHC+3.0 pp
4Inspired Entertainment, Inc. INSE+2.1 pp
5DraftKings Inc. DKNG+1.9 pp
Return on capital · company comparison
10/10 level · 10/10 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
Super Group (SGHC) Limited SGHC16%+3.0 ppMar 2026
Rush Street Interactive, Inc. RSI13%+5.2 ppMar 2026
Meridian Holdings Inc. MRDN3.0%+3.1 ppMar 2026
Accel Entertainment, Inc. ACEL2.9%−0.1 ppMar 2026
Inspired Entertainment, Inc. INSE2.6%+2.1 ppMar 2026
Churchill Downs Incorporated CHDN2.2%+0.1 ppMar 2026
Brightstar Lottery PLC BRSL1.8%0.0 ppMar 2026
Flutter Entertainment plc FLUT0.4%−0.7 ppMar 2026
DraftKings Inc. DKNG0.2%+1.9 ppMar 2026
Codere Online Luxembourg, S.A. CDRO0.0%−2.3 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Accel Entertainment, Inc. · ACEL

—
3.6%
3.2%
3.9%
4.3%
3.6%
3.8%
4.2%
3.9%
3.3%
3.2%
3.2%
2.8%
2.7%
2.4%
3.0%
3.0%
2.8%
3.1%
2.9%

Brightstar Lottery PLC · BRSL

—
2.1%
1.9%
2.6%
2.4%
2.4%
2.6%
2.9%
2.8%
1.9%
2.3%
2.7%
2.2%
1.4%
2.2%
1.8%
1.9%
2.7%
2.5%
1.8%

Churchill Downs Incorporated · CHDN

—
2.5%
1.4%
1.9%
6.0%
1.9%
0.3%
2.9%
4.5%
2.2%
1.8%
2.1%
5.3%
2.0%
2.0%
2.1%
5.0%
1.5%
1.9%
2.2%

Codere Online Luxembourg, S.A. · CDRO

—
-105%
-105%
-24%
-46%
-20%
-31%
-6.8%
-15%
-2.4%
-7.1%
1.3%
3.4%
2.1%
5.3%
2.3%
5.7%
2.1%
4.5%
0.0%

DraftKings Inc. · DKNG

—
-20%
-12%
-15%
-8.9%
-15%
-7.8%
-15%
-2.4%
-11%
-1.7%
-5.7%
-1.2%
-12%
-5.5%
-1.7%
5.0%
-9.9%
5.6%
0.2%

Flutter Entertainment plc · FLUT

—
-1.1%
-0.4%
-0.7%
0.6%
0.0%
0.1%
-0.1%
1.1%
-0.7%
-3.0%
0.6%
1.8%
0.5%
1.4%
1.1%
1.7%
-3.7%
1.2%
0.4%

Inspired Entertainment, Inc. · INSE

—
7.0%
1.1%
3.0%
5.8%
7.2%
5.5%
2.0%
5.9%
5.5%
3.7%
-0.9%
3.7%
4.4%
4.5%
0.5%
2.5%
3.0%
3.2%
2.6%

Meridian Holdings Inc. · MRDN

—
—
—
—
—
3.2%
-6.9%
-1.1%
-1.6%
13%
11%
4.3%
0.1%
-1.1%
-0.1%
-0.1%
-1.6%
-0.3%
-90%
3.0%

Rush Street Interactive, Inc. · RSI

—
-6.2%
-32%
-16%
-8.4%
-7.1%
-11%
-9.5%
-6.6%
-5.7%
-1.8%
0.8%
2.2%
3.4%
6.5%
7.4%
8.5%
6.3%
8.6%
13%

Super Group (SGHC) Limited · SGHC

—
17%
13%
69%
20%
5.1%
-0.3%
1.1%
9.2%
5.1%
-8.0%
2.4%
3.1%
3.6%
15%
13%
15%
16%
13%
16%

ROCE change · reported quarter history

Accel Entertainment, Inc. · ACEL

—
—
—
—
—
0.0 pp
+0.6 pp
+0.3 pp
−0.4 pp
−0.3 pp
−0.6 pp
−1.0 pp
−1.1 pp
−0.6 pp
−0.8 pp
−0.2 pp
+0.2 pp
+0.1 pp
+0.7 pp
−0.1 pp

Brightstar Lottery PLC · BRSL

—
—
—
—
—
+0.3 pp
+0.7 pp
+0.3 pp
+0.4 pp
−0.5 pp
−0.3 pp
−0.2 pp
−0.6 pp
−0.5 pp
−0.1 pp
−0.9 pp
−0.3 pp
+1.3 pp
+0.3 pp
0.0 pp

Churchill Downs Incorporated · CHDN

—
—
—
—
—
−0.6 pp
−1.1 pp
+1.0 pp
−1.5 pp
+0.3 pp
+1.5 pp
−0.8 pp
+0.8 pp
−0.2 pp
+0.2 pp
0.0 pp
−0.3 pp
−0.5 pp
−0.1 pp
+0.1 pp

Codere Online Luxembourg, S.A. · CDRO

—
—
—
—
—
+85.3 pp
+74.5 pp
+17.5 pp
+31.7 pp
+17.3 pp
+23.4 pp
+8.1 pp
+18.0 pp
+4.5 pp
+12.4 pp
+1.0 pp
+2.3 pp
0.0 pp
−0.8 pp
−2.3 pp

DraftKings Inc. · DKNG

—
—
—
—
—
+5.7 pp
+4.4 pp
+0.8 pp
+6.5 pp
+3.7 pp
+6.1 pp
+8.9 pp
+1.2 pp
−1.1 pp
−3.8 pp
+4.0 pp
+6.2 pp
+2.1 pp
+11.1 pp
+1.9 pp

Flutter Entertainment plc · FLUT

—
—
—
—
—
+1.1 pp
+0.5 pp
+0.6 pp
+0.5 pp
−0.7 pp
−3.1 pp
+0.7 pp
+0.7 pp
+1.2 pp
+4.4 pp
+0.5 pp
−0.1 pp
−4.2 pp
−0.2 pp
−0.7 pp

Inspired Entertainment, Inc. · INSE

—
—
—
—
—
+0.2 pp
+4.4 pp
−1.0 pp
+0.1 pp
−1.7 pp
−1.8 pp
−2.9 pp
−2.2 pp
−1.1 pp
+0.8 pp
+1.4 pp
−1.2 pp
−1.4 pp
−1.3 pp
+2.1 pp

Meridian Holdings Inc. · MRDN

—
—
—
—
—
—
—
—
—
+9.7 pp
+17.5 pp
+5.4 pp
+1.7 pp
−14.0 pp
−10.7 pp
−4.4 pp
−1.7 pp
+0.8 pp
−89.4 pp
+3.1 pp

Rush Street Interactive, Inc. · RSI

—
—
—
—
—
−0.9 pp
+21.2 pp
+6.0 pp
+1.8 pp
+1.4 pp
+8.9 pp
+10.3 pp
+8.8 pp
+9.1 pp
+8.3 pp
+6.6 pp
+6.3 pp
+2.9 pp
+2.1 pp
+5.2 pp

Super Group (SGHC) Limited · SGHC

—
—
—
—
—
−11.6 pp
−13.5 pp
−67.4 pp
−10.8 pp
0.0 pp
−7.7 pp
+1.3 pp
−6.1 pp
−1.5 pp
+23.3 pp
+10.5 pp
+12.0 pp
+12.7 pp
−2.5 pp
+3.0 pp
07 · compare level, then change

Valuation Against Growth & Quality

Brightstar Lottery PLC has the lowest Guarded PEG among the 10 Gambling companies compared here, at 0.29×. Accel Entertainment, Inc. is next at 0.81×. Inspired Entertainment, Inc. has the lowest P/E at 4.81×, so level and change sit with different companies. 3 of 10 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Brightstar Lottery PLC has the lowest comparable Guarded PEG at 0.29×, 64.2% below Accel Entertainment, Inc.. Only 3 of 10 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderBrightstar Lottery PLC · 0.29×
Gap64.2% versus #2 · Accel Entertainment, Inc.
Persistence0/8 recent comparable periods
Coverage3/10 companies · 11 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Brightstar Lottery PLC BRSL0.3
2Accel Entertainment, Inc. ACEL0.8
3Churchill Downs Incorporated CHDN2.4
P/Elowest P/E
1Inspired Entertainment, Inc. INSE4.8
2Brightstar Lottery PLC BRSL15.0
3Churchill Downs Incorporated CHDN16.6
4Accel Entertainment, Inc. ACEL18.2
5Super Group (SGHC) Limited SGHC22.3
Valuation · company comparison
3/10 level · 10/10 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
Churchill Downs Incorporated CHDN2.416.6Mar 2026
Inspired Entertainment, Inc. INSE2.24.8Mar 2026
Accel Entertainment, Inc. ACEL0.818.2Mar 2026
Brightstar Lottery PLC BRSL0.315.0Mar 2026
Flutter Entertainment plc FLUT—140.8Mar 2026
DraftKings Inc. DKNG—360.3Mar 2026
Super Group (SGHC) Limited SGHC—22.3Mar 2026
Rush Street Interactive, Inc. RSI—70.2Mar 2026
Codere Online Luxembourg, S.A. CDRO—228.0Mar 2026
Meridian Holdings Inc. MRDN—116.5Mar 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Accel Entertainment, Inc. · ACEL

—
—
—
—
—
—
—
0.2
3.4
—
—
—
—
—
—
—
—
—
0.4
0.8

Brightstar Lottery PLC · BRSL

—
—
—
—
—
—
—
—
—
—
—
—
—
1.3
—
0.3
—
—
—
—

Churchill Downs Incorporated · CHDN

—
—
—
—
—
—
—
—
—
—
—
—
1.6
1.5
—
0.8
2.4
—
—
—

Inspired Entertainment, Inc. · INSE

—
—
—
—
—
—
—
—
2.2
—
—
—
—
—
—
—
—
—
—
—

P/E · reported quarter history

Accel Entertainment, Inc. · ACEL

—
26.4
39.5
25.4
18.0
10.7
9.5
12.2
17.0
22.4
19.4
23.1
18.0
22.8
26.1
20.2
29.4
22.1
19.0
18.2

Brightstar Lottery PLC · BRSL

—
24.4
12.4
10.7
23.6
8.8
16.4
24.4
23.7
61.4
35.1
21.0
19.6
34.7
9.2
11.2
16.6
10.8
12.1
15.0

Churchill Downs Incorporated · CHDN

—
42.5
37.9
34.0
15.3
14.8
18.5
17.9
29.9
24.6
24.6
27.6
25.8
24.6
23.5
19.8
17.4
17.6
21.5
16.6

Codere Online Luxembourg, S.A. · CDRO

—
—
—
—
—
—
—
—
—
—
—
—
—
448.1
77.5
138.1
423.5
250.2
228.0
—

DraftKings Inc. · DKNG

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
360.3

Flutter Entertainment plc · FLUT

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
76.7
140.8
—
—
—

Inspired Entertainment, Inc. · INSE

—
—
—
—
16.6
16.4
17.4
21.0
25.4
31.5
41.2
328.7
—
—
4.1
3.5
3.9
4.8
—
—

Meridian Holdings Inc. · MRDN

—
—
—
—
—
81.2
—
—
—
73.5
15.1
11.9
36.9
116.5
—
—
—
—
—
—

Rush Street Interactive, Inc. · RSI

—
—
—
—
—
—
—
—
—
—
—
—
—
—
457.3
134.0
74.5
81.9
62.7
70.2

Super Group (SGHC) Limited · SGHC

—
668.0
17.4
97.4
7.2
7.9
7.5
5.4
16.1
28.4
—
47.6
305.7
593.5
25.6
24.0
41.7
30.4
27.9
22.3
08 · compare level, then change

Enterprise Value & Book Value

Inspired Entertainment, Inc. has the lowest EV/EBITDA among the 10 Gambling companies compared here, at 6.34×. Accel Entertainment, Inc. is next at 6.35×. The same company also holds the lowest P/BV, at 0.5×. 10 of 10 companies report a comparable reading, the latest through Mar 2026. Its EV/EBITDA series carries 19 reported observations across the 20-quarter window.

What the numbers say: Inspired Entertainment, Inc. leads both ev/ebitda at 6.34× and p/bv at 0.5×.

LeaderInspired Entertainment, Inc. · 6.34×
Gap0.2% versus #2 · Accel Entertainment, Inc.
Persistence5/8 recent comparable periods
Coverage10/10 companies · 138 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Inspired Entertainment, Inc. INSE6.3
2Accel Entertainment, Inc. ACEL6.4
3Super Group (SGHC) Limited SGHC9.8
4Churchill Downs Incorporated CHDN11.9
5Rush Street Interactive, Inc. RSI13.2
P/BVlowest P/BV
1Inspired Entertainment, Inc. INSE0.5
2Meridian Holdings Inc. MRDN1.9
3Flutter Entertainment plc FLUT2.0
4Brightstar Lottery PLC BRSL2.8
5Accel Entertainment, Inc. ACEL3.3
Enterprise and book valuation · company comparison
10/10 level · 10/10 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
Codere Online Luxembourg, S.A. CDRO43.39.3Mar 2026
DraftKings Inc. DKNG35.917.7Mar 2026
Brightstar Lottery PLC BRSL33.62.8Mar 2026
Flutter Entertainment plc FLUT19.32.0Mar 2026
Meridian Holdings Inc. MRDN14.11.9Mar 2026
Rush Street Interactive, Inc. RSI13.214.1Mar 2026
Churchill Downs Incorporated CHDN11.95.7Mar 2026
Super Group (SGHC) Limited SGHC9.87.5Mar 2026
Accel Entertainment, Inc. ACEL6.43.3Mar 2026
Inspired Entertainment, Inc. INSE6.30.5Mar 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Accel Entertainment, Inc. · ACEL

—
35.0
11.4
9.9
9.6
7.4
6.6
6.9
7.4
7.4
6.9
7.7
7.2
7.8
7.8
7.2
7.9
7.1
6.7
6.4

Brightstar Lottery PLC · BRSL

—
9.3
8.5
8.3
7.4
6.5
10.8
7.8
8.5
9.0
10.4
9.2
10.2
12.5
14.0
22.7
64.8
18.1
13.7
33.6

Churchill Downs Incorporated · CHDN

—
28.4
27.6
25.7
22.0
22.0
28.1
26.3
25.8
21.0
20.0
18.4
17.3
16.5
15.9
13.7
12.7
12.8
14.0
11.9

Codere Online Luxembourg, S.A. · CDRO

—
—
—
—
—
—
—
—
—
—
—
—
—
184.8
53.0
47.2
46.9
34.4
43.3
—

DraftKings Inc. · DKNG

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
66.8
35.9

Flutter Entertainment plc · FLUT

—
—
58.4
—
—
—
20.5
103.3
179.3
382.4
53.3
48.7
40.1
42.7
25.8
22.8
28.4
40.0
34.4
19.3

Inspired Entertainment, Inc. · INSE

—
21.2
10.0
29.1
28.0
183.7
6.7
41.3
44.3
5.9
5.7
13.8
13.7
8.8
4.2
15.0
11.8
7.5
4.1
6.3

Meridian Holdings Inc. · MRDN

—
—
—
—
—
17.6
97.7
—
—
18.3
9.7
7.9
21.4
18.6
19.9
24.4
24.0
14.1
—
—

Rush Street Interactive, Inc. · RSI

—
—
—
—
—
—
—
—
—
—
—
140.5
32.6
20.4
19.7
12.3
13.7
16.8
13.8
13.2

Super Group (SGHC) Limited · SGHC

—
15.5
12.2
17.8
7.6
8.8
5.9
25.6
15.3
20.0
10.8
17.1
84.7
133.4
11.4
8.5
13.4
14.8
13.3
9.8

P/BV · reported quarter history

Accel Entertainment, Inc. · ACEL

—
7.0
7.7
6.8
5.5
3.8
3.7
4.3
4.8
4.7
4.4
4.9
4.1
4.6
3.6
3.3
3.8
3.5
3.5
3.3

Brightstar Lottery PLC · BRSL

—
4.1
4.8
3.8
2.8
2.0
3.2
3.8
4.5
4.1
3.9
3.0
2.8
2.9
2.2
2.0
2.1
3.8
3.0
2.8

Churchill Downs Incorporated · CHDN

—
27.1
29.9
26.5
12.0
11.2
14.3
13.7
12.2
9.7
11.3
11.0
9.9
9.1
9.1
7.5
6.8
6.5
7.8
5.7

Codere Online Luxembourg, S.A. · CDRO

—
0.8
3.5
—
2.4
—
4.5
—
7.0
—
5.7
—
18.3
—
11.7
—
16.1
—
10.8
9.3

DraftKings Inc. · DKNG

—
10.7
6.7
5.9
3.0
4.7
3.9
8.6
12.1
17.0
19.6
25.9
14.0
17.7
18.0
18.6
21.1
25.4
27.0
17.7

Flutter Entertainment plc · FLUT

—
2.6
2.0
1.6
1.5
1.7
2.2
2.5
2.7
2.5
2.8
3.7
3.3
4.1
4.3
4.0
5.0
4.8
4.2
2.0

Inspired Entertainment, Inc. · INSE

—
-2.2
-3.2
-4.7
-4.0
-4.5
-3.8
—
-4.8
-4.3
-3.4
-3.2
-3.1
-3.2
-72.9
-104.4
0.6
-28.1
0.3
0.5

Meridian Holdings Inc. · MRDN

—
—
—
—
—
4.3
2.6
3.9
2.7
2.4
3.0
1.2
3.3
3.0
2.4
2.4
2.0
1.3
2.6
1.9

Rush Street Interactive, Inc. · RSI

—
12.4
11.8
6.1
4.4
3.8
4.2
4.0
4.2
6.4
6.0
8.5
12.2
13.0
15.8
12.5
11.6
14.9
13.2
14.1

Super Group (SGHC) Limited · SGHC

—
8.0
8.2
45.3
4.8
4.6
2.7
3.6
2.4
3.1
2.7
2.8
2.8
3.0
5.4
5.0
8.3
8.9
7.5
7.5
09 · let price answer last

Market action

Rush Street Interactive, Inc. has the strongest one-year price move in Gambling at +58.6%. It also leads on Mansfield relative strength against the S&P 500 at +29.6%. 5 of 10 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Gambling comparison names 4 specific ways its own evidence can mislead, all listed below. All 10 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
10 · the complete set

Which companies are included?

All 10 companies in the canonical Gambling membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentals
Flutter Entertainment plc FLUT$18.9B$1092026-07-28Mar 2026
DraftKings Inc. DKNG$12.2B$24.62026-07-28Mar 2026
Super Group (SGHC) Limited SGHCAHEAD$7.6B$15.02026-07-28Mar 2026
Rush Street Interactive, Inc. RSIAHEAD24/26 WEEKS$7.1B$30.72026-07-28Mar 2026
Churchill Downs Incorporated CHDN$6.2B$89.22026-07-28Mar 2026
Brightstar Lottery PLC BRSL$1.9B$10.52026-07-28Mar 2026
Accel Entertainment, Inc. ACEL$1.0B$12.42026-07-28Mar 2026
Codere Online Luxembourg, S.A. CDRO21/26 WEEKS$423M$9.32026-07-28Mar 2026
Inspired Entertainment, Inc. INSE$188M$7.02026-07-28Mar 2026
Meridian Holdings Inc. MRDN$178M$14.12026-07-28Mar 2026
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 10 Gambling companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Mar 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Mar 2026 · up to 20 quarters per company
Market dataThrough 2026-07-28 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Questions investors ask · short, speakable answers

Gambling company comparison FAQs

These 18 answers restate the Gambling comparison above in question form. Every one is computed from the same 10 companies and the same reported filings as the rankings and charts, current through Mar 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.

Which Gambling company is the biggest?

Flutter Entertainment plc is the largest, with trailing-twelve-month revenue of $17,048 million, ahead of DraftKings Inc. at $6,292 million. That covers 9 of 10 companies with comparable reporting through Mar 2026.

Which Gambling company is growing fastest?

Rush Street Interactive, Inc. has the fastest revenue growth at 28.3% year on year, across 9 of 10 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Gambling company has the best profit margins?

Brightstar Lottery PLC has the highest operating margin at 21.6%, from 9 of 10 comparable companies. Inspired Entertainment, Inc. shows the biggest recent improvement, at +13.5 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Gambling company makes the most profit?

Churchill Downs Incorporated earns the most, at $392 million of trailing-twelve-month net profit, from 9 of 10 comparable companies. Rush Street Interactive, Inc. has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Gambling company earns the highest return on capital?

Super Group (SGHC) Limited leads on return on capital employed at 15.9%, across 10 of 10 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Gambling stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Brightstar Lottery PLC screens cheapest at 0.29×. Only 3 of 10 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Gambling company has the strongest balance sheet?

Rush Street Interactive, Inc. carries the lowest comparable gross debt at $0 million, from 9 of 10 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Gambling company is investing most in new capacity?

Brightstar Lottery PLC reports the largest capital spending at $110 million, across 10 of 10 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

Is the Gambling sector beating the market?

Gambling has underperformed S&P 500 by 22.3% over the last 52 weeks and 1.1% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 5 of 10 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Gambling stock has the strongest price momentum?

Rush Street Interactive, Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Gambling company scores highest for research priority?

Super Group (SGHC) Limited scores 72.6 out of 100 with 76.2% evidence confidence, from 27.4 points on growth and earnings, 18.9 on capital efficiency, 10.2 on valuation and 16.1 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Gambling companies does this comparison cover, and over what period?

It compares 10 listed companies over up to 20 reported quarters of fundamentals and 5 fiscal years of capital allocation, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Gambling sector?

The 10 Gambling companies on this page carry $55,833 million of combined market value. Flutter Entertainment plc is the largest at $18,920 million, about 34% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

What is the Gambling sector's P/E ratio?

The median price-to-earnings ratio across the 10 Gambling companies on this page is 70.2×, measured on the 10 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

How is the Gambling sector performing?

5 of the 10 covered Gambling companies are beating S&P 500 on Mansfield relative strength. The sector itself is 22.3% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

How many Gambling stocks are listed in the US?

This comparison covers 10 listed Gambling companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Mar 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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