Sports Betting Stocks Surge by $750 Billion in a Day

SUPER GROUP SGHC LTD (SGHC) shares closed at US$12.20 on the New York Stock Exchange on the 20th, up 8.06% from the previous trading day. The company’s market capitalization rose by about US$536 million (roughly ₩750 billion) in a single day to around US$6.1 billion (approximately ₩8.6 trillion), with trading volume totaling 1,566,791 shares.

In its FY2025 results disclosed on April 17, Super Group reported a net profit of US$218 million (about ₩300 billion), up 77.2% year-on-year, and revenue of US$2.2 billion (approximately ₩3 trillion), a 21.6% increase. On the back of these strong results, the company raised its 2026 dividend target to at least US$0.20 per share and upgraded its growth guidance. Following these moves, BTIG reaffirmed its “buy” rating, and institutional investors—including UK asset manager Ninety One UK—have been acquiring new positions.

Super Group is a global digital betting and gaming group that owns Betway, an online sports-betting brand best known as the global partner of Premier League champions Manchester City, and the online casino Spin. Since listing on the NYSE in 2022 via a SPAC merger with Sports Entertainment Acquisition Corporation, the company has exited low-margin U.S. sportsbook operations and refocused its portfolio on regulated, high-margin markets.