12 Best Gambling Stocks to Buy According to Analysts

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7. Super Group (SGHC) Limited (NYSE:SGHC)

Analysts’ Upside Potential as of April 11: 48.36%

Super Group (SGHC) Limited (NYSE:SGHC) is a holding company that conducts online sports betting and gambling operations. The company’s reportable segments include Betway, Spin, and Others. The Betway business accounts for the majority of its revenue, as it is a single-brand online sports betting and casino offering licenses throughout Europe, the Americas, and Africa. Spin is the company’s multi-brand online casino offering, with a diversified portfolio of casino brands, including Jackpot City, Spin Casino, Dream Bingo, Mirror Bingo, and others, all meant to be culturally relevant globally while offering a wide choice of casino products. Geographically, the company generates the most revenue in Africa and the Middle East, followed by North America, Europe, Asia-Pacific, and South/Latin America. The stock grew by more than 13% YTD, including it among the Best Casino Stocks.

The firm had strong growth in 2024, with total revenue up 18% year-on-year and adjusted EBITDA rising 53%. Q4 of 2024 alone saw all-time highs, with revenue growing 38% to €487 million and adjusted EBITDA up 152% to €129 million, representing a healthy 26% margin. Super Group (SGHC) Limited (NYSE:SGHC)’s customer involvement peaked at roughly 2.2 million users per day and an average of 5.3 million unique monthly active customers. In the United States, the company boosted its focus on iGaming, which led to a 64% spike in Q4 revenue to €14 million year on year.

The company’s outstanding cash flow generation and shareholder-friendly capital strategy were highlighted when it paid out a $0.15 special cash dividend to shareholders, raising the total 2024 dividend to $0.25 per share. This was done on top of a solid balance sheet with €356 million in unrestricted cash and no debt.

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