iGaming Company Stocks Fall Amid Trump Tariffs: What’s Happening in the Market

Stock Market Crash

The tariff policy of former U.S. President Donald Trump triggered a new wave of declines on global stock markets. One of the most notable consequences was the drop in share prices of major iGaming companies.

On Monday, the FTSE100 index in London fell by 6% at the start of trading, reaching its lowest point since February 2024. By the market close, the loss had slightly reduced — down to 4.64%.

Biggest Losses in the Gambling Sector

Amid overall instability, market leaders in online betting and casinos were hit:

• Evoke (William Hill): fell by 4.04% to $0.49
• Entain (Ladbrokes, Coral): dropped to $5.94 in the morning, rebounded to $6.44 by close
• Flutter (Paddy Power, Sky Bet, Betfair) in London: morning drop over 4%, closed up 0.47% at $206.04
• Flutter in New York: rose over 2% to $211.07

Reasons for the Decline

Despite a partial recovery by market close, the downturn is fueled not only by new U.S. tariffs but also by accumulated issues:

• Evoke has lost 45% of its value since late March after weak annual results. The company acknowledged a slow start to 2025.
• Flutter is down 29% from its February peak of $299.
• The unprofitable March Madness tournament dealt another blow to bookmakers — too many wins went to customers.
• The New York Commission reported a record-low weekly operator hold margin.
• Entain is experiencing internal turbulence: CEO Gavin Isaacs unexpectedly resigned in February after only five months in the role.

What Analysts Are Saying

According to Regulus Partners, Trump’s tariff policy is the most significant structural shift in the global economy since 1990.

In the gambling industry, land-based operators are expected to suffer the most: rising costs and declining footfall will lead to reduced tax revenues. This may push some U.S. states to legalize online gaming to replenish their budgets.

Analysts also expect that economic pressure in Asia and Latin America may force authorities to speed up the adoption of online gambling laws to offset tax losses.

What’s Next?

The market situation is far from stable. Players and investors should closely monitor news from the U.S. and company actions, as firms may seek new ways to adapt — including digital solutions and cost optimization.