Although a value-added tax in Colombia expired at the end of 2025, that country has imposed a new one on igaming providers, taxing gross gaming revenue at 19%.
Even so, Jefferies Equity Research analyst James Wheatcroft remained upbeat on Rush Street Interactive (RSI). But he pivoted from estimating a 2026 cash-flow gain to RSI of US$25 million to a tailwind of US$11 million on the basis of the latest Colombian impost.
Keeping a “Buy” rating on RSI, Wheatcroft wrote that it “remains easiest to own in Online Gaming as Colombia, the World Cup, and solid execution should all act as tailwinds.” He lowered his per-share price target from US$30 apiece to US$29.
