Rush Street Interactive: This Small-Cap Betting Stock Has Doubled And Still Has Room To Run
RSIRush Street Interactive(RSI) Seeking Alpha·2024-06-23 20:46

SolStock Above: iGaming, i.e. online casino games, are rapidly seen as a growth engine. In the halcyon years that followed the SCOTUS decision in May 2018 that opened the floodgates to legal sports betting in the US, the surge in stock values in the sector was beginning to look like an Nvidia madness. Leading operator Draft Kings moved its shares from ~$9 to $71 in March 2021 before reality set in. Similar runs engulfed shares in the online gaming sector. Yes, Mr. Market said, trees do grow to the skies. Si ...