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U.S. Casinos and Gaming Industry Analysis

UpdatedAug 19, 2026
DataAggregated Company Financials
Companies44
  • 7D-3.1%
  • 3M0.9%
  • 1Y-38.5%
  • YTDn/a

Over the last 7 days, the Casinos and Gaming industry has dropped 3.1%, driven by a pullback from Flutter Entertainment of 6.2%. On the other hand Studio City International Holdings is actually up 7.6%. Overall the industry is down 38% in 12 months. Earnings are forecast to grow by 32% annually.

Industry Valuation and Performance

Has the U.S. Casinos and Gaming Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 20 Aug 2026US$86.7bUS$81.6bUS$120.7m19.3x717.7x1.1x
Sat, 18 Jul 2026US$125.1bUS$94.6bUS$595.0m32x210.2x1.3x
Mon, 15 Jun 2026US$130.7bUS$94.6bUS$595.9m32.6x219.3x1.4x
Wed, 13 May 2026US$119.9bUS$94.5bUS$681.9m26.8x175.8x1.3x
Fri, 10 Apr 2026US$123.2bUS$92.8bUS$1.3b23.2x93.7x1.3x
Sun, 08 Mar 2026US$123.0bUS$92.7bUS$2.3b22.7x53.2x1.3x
Tue, 03 Feb 2026US$133.0bUS$90.3bUS$2.2b22.4x61.3x1.5x
Thu, 01 Jan 2026US$161.7bUS$89.6bUS$2.1b27.2x77.1x1.8x
Sat, 29 Nov 2025US$158.7bUS$89.5bUS$2.1b26.7x75.6x1.8x
Mon, 27 Oct 2025US$166.4bUS$91.6bUS$3.9b25.1x42.5x1.8x
Wed, 24 Sep 2025US$181.9bUS$90.9bUS$2.5b26.9x73.1x2x
Fri, 22 Aug 2025US$185.6bUS$90.6bUS$2.5b27.1x75x2x
Sun, 20 Jul 2025US$185.7bUS$90.6bUS$3.0b25.4x62.3x2x
Tue, 17 Jun 2025US$162.3bUS$91.7bUS$3.0b22.8x53.4x1.8x
Thu, 15 May 2025US$162.6bUS$92.2bUS$2.9b23.2x56.3x1.8x
Sat, 12 Apr 2025US$140.4bUS$86.5bUS$2.7b23.1x51.6x1.6x
Mon, 10 Mar 2025US$161.3bUS$86.7bUS$2.6b22.3x62.4x1.9x
Wed, 05 Feb 2025US$170.7bUS$87.5bUS$1.3b22.3x128.7x1.9x
Fri, 03 Jan 2025US$169.9bUS$87.5bUS$1.4b23.5x122.8x1.9x
Sun, 01 Dec 2024US$183.3bUS$87.8bUS$1.4b25.4x134.7x2.1x
Tue, 29 Oct 2024US$170.0bUS$89.0bUS$307.9m24.6x552.1x1.9x
Thu, 26 Sep 2024US$163.6bUS$89.0bUS$410.9m20.5x398.2x1.8x
Sat, 24 Aug 2024US$156.2bUS$89.1bUS$411.6m19.8x379.6x1.8x
Mon, 22 Jul 2024US$155.8bUS$87.2bUS$1.3b15.9x124.5x1.8x
Wed, 19 Jun 2024US$123.4bUS$74.9bUS$2.6b15.4x47.9x1.6x
Fri, 17 May 2024US$126.8bUS$74.9bUS$2.5b15.1x50.3x1.7x
Sun, 14 Apr 2024US$135.2bUS$73.1bUS$3.2b16.1x42.8x1.9x
Tue, 12 Mar 2024US$133.5bUS$73.0bUS$3.1b14.1x43.4x1.8x
Thu, 08 Feb 2024US$135.1bUS$71.6bUS$2.8b14.6x48.7x1.9x
Sat, 06 Jan 2024US$127.9bUS$69.8bUS$2.2b14.2x57.4x1.8x
Mon, 04 Dec 2023US$128.3bUS$69.8bUS$2.2b14.2x57.5x1.8x
Wed, 01 Nov 2023US$116.2bUS$68.4bUS$1.8b15.3x66.2x1.7x
Fri, 29 Sep 2023US$121.7bUS$66.4bUS$1.4b17x89.4x1.8x
Sun, 27 Aug 2023US$131.9bUS$66.5bUS$1.4b17.7x96.8x2x
Price to Earnings Ratio

96.8x


Total Market Cap: US$131.9bTotal Earnings: US$1.4bTotal Revenue: US$66.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Casinos and Gaming Industry Price to Earnings3Y Average 134x202420252026
Current Industry PE
  • Investors are optimistic on the American Casinos and Gaming industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 718x which is higher than its 3-year average PE of 133x.
  • The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Casinos and Gaming industry have declined 55% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.1% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does U.S. Casinos and Gaming compare with similar industries?

US Market-0.35%
Consumer Discretionary-2.02%
Hospitality-0.046%
Casinos and Gaming-3.11%
Leisure Facilities2.96%
Restaurants2.01%
Hotels, Resorts and Cruise Lines-1.02%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
LVS Las Vegas SandsUS$46.582.0%
+US$582.9m		-13.1%PE17.5x
CHDN Churchill DownsUS$91.753.6%
+US$224.4m		-10.5%PE15.5x
FLUT Flutter EntertainmentUS$99.161.1%
+US$187.4m		-66.3%PS1x
SGHC Super Group (SGHC)US$13.162.7%
+US$177.8m		14.0%PE18.3x
RSI Rush Street InteractiveUS$25.725.9%
+US$166.5m		31.9%PE93.2x

Latest News

BALY
US$8.84
Bally's
7D
-35.5%
1Y
-5.9%
Seeking Alpha • 13h

Bally's: Not The Bet To Make Now, Despite Top Line Growth In Q2

Summary Bally's (BALY) receives a sell rating due to deteriorating cashflow, high leverage, and a recent going concern warning. BALY's persistent unprofitability, negative operating cashflow, and Fitch's B- rating highlight severe balance sheet and liquidity risks. The company also has a huge commitment with its new Chicago casino project. Despite robust top-line growth and portfolio expansion, BALY underperforms peers in ROE and profit margin, with no near-term recovery catalyst in sight. Valuation appears cheap on price/sales and price/book, but market skepticism persists until BALY demonstrates sustainable cashflow and reduced debt. Majority ownership by a privately held investment firm, Standard General, could be both a potential lifeline or could create over-reliance on decisions by this firm at the board level. Read the full article on Seeking Alpha
PENN
US$18.56
PENN Entertainment
7D
-3.2%
1Y
-0.6%
RSI
US$25.72
Rush Street Interactive
7D
5.9%
1Y
31.9%
Narrative Update • Aug 18

RSI: Exclusive Content And Buybacks Will Support A Higher Share Price

Analysts have raised their price target for Rush Street Interactive from $26.68 to $30.88, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E. These factors together support a revised view of the stock's valuation profile.
LVS
US$46.58
Las Vegas Sands
7D
2.0%
1Y
-13.1%
Narrative Update • Aug 17

LVS: Share Repurchases And 30 Day Catalyst Watch Will Drive Future Upside

The analyst price target for Las Vegas Sands has been reset lower to about $70.69 from $78.50, as analysts factor in softer Macau and Singapore trends, slightly lower modeled growth and margins, and modestly reduced future P/E assumptions following recent earnings and sector updates. Analyst Commentary Street research on Las Vegas Sands has shifted toward a lower set of price targets, but most firms still describe a generally constructive long term view on the stock.
DKNG
US$25.32
DraftKings
7D
-0.8%
1Y
-44.5%
MLCO
US$5.48
Melco Resorts & Entertainment
7D
-0.7%
1Y
-38.8%
Narrative Update • Aug 16

MLCO: Macau Projects And Share Repurchases Will Drive Future Rerating

Analysts have trimmed their fair value estimate for Melco Resorts & Entertainment from about $7.97 to about $7.42, pointing to lower profit margin assumptions, a slightly higher discount rate, and price target reductions across the Street that reference higher debt levels and softer Macau gaming sentiment. Analyst Commentary Recent research on Melco Resorts & Entertainment shows a mix of cautious and constructive views, with most firms trimming price targets but differing on what that implies for the stock's risk and reward profile.
MGM
US$43.22
MGM Resorts International
7D
-1.7%
1Y
19.0%
Narrative Update • Aug 13

MGM: Takeover Bid And Osaka Project Will Shape Future Upside Potential

Analysts have lifted the fair value estimate for MGM Resorts International to $50.57 from $49.24, citing a series of higher price targets in the $43 to $55 range and updated views on U.S. gaming trends, potential M&A activity, and longer term optionality in Japan. Analyst Commentary Recent research on MGM Resorts International points to a wide range of views on valuation, execution risk, and growth options.
SRAD
US$13.05
Sportradar Group
7D
0.5%
1Y
-57.0%
Narrative Update • Aug 13

SRAD: Prediction Market And Gaming Deals Will Support 2027 Reacceleration

Sportradar Group's updated analyst price target has moved lower to $18.50 from $21.38 as analysts factor in softer Q2 revenue and EBITDA, reduced 2026 guidance, and a less supportive outlook for U.S. online sports betting and prediction market deal timing. Analyst Commentary Recent Street research on Sportradar Group reflects a wide range of opinions on the stock's risk and reward, with most firms cutting price targets but differing on how much weight to place on current execution issues versus longer term growth opportunities in sports data and prediction markets.
ACEL
US$11.99
Accel Entertainment
7D
-2.8%
1Y
7.1%
RRR
US$61.25
Red Rock Resorts
7D
-2.9%
1Y
2.7%
GENI
US$7.77
Genius Sports
7D
1.6%
1Y
-38.5%
SGHC
US$13.16
Super Group (SGHC)
7D
2.7%
1Y
14.0%
Seeking Alpha • Aug 09

Super Group Q2: An Expected Beat-And-Raise Report

Summary Super Group Limited reported a beat-and-raise Q2 report. The company benefits from the FIFA World Cup in Q2-Q3, but SGHC's underlying sportsbook momentum was even underwhelming in Q2. The overall SGHC growth story remains on track. I estimate SGHC stock to have 10% upside to $14.3, implying a fair overall risk-to-reward. Read the full article on Seeking Alpha
FLUT
US$99.16
Flutter Entertainment
7D
1.1%
1Y
-66.3%
Narrative Update • Aug 09

FLUT: Prediction Markets And World Cup Advertising Reset Will Support 2026 Rebound

Flutter Entertainment's updated analyst price target has been trimmed in line with a reset fair value estimate to $144.10 from $157.48, as analysts factor in rebased earnings expectations, higher investment in customer acquisition, and more conservative U.S. growth assumptions following recent Q2 updates and guidance changes. Analyst Commentary Recent Street research on Flutter Entertainment paints a mixed picture, with many analysts trimming price targets after Q2 while still highlighting key strengths and risks that matter for valuation, execution, and longer term growth.
WYNN
US$100.10
Wynn Resorts
7D
-2.8%
1Y
-10.2%
CHDN
US$91.75
Churchill Downs
7D
3.6%
1Y
-10.5%
MCRI
US$124.81
Monarch Casino & Resort
7D
0.8%
1Y
23.4%
Seeking Alpha • Jul 24

Monarch Casino: Hotels Are Carrying The Crown (Rating Upgrade)

Summary Monarch Casino delivered a 6% EPS beat, with hotel segment growth and robust cash generation, despite a 5% stock pullback post-earnings. MCRI's hotel revenue rose 13% YoY, now over 15% of total revenue, driven by regional visitation trends and recent property renovations. Adjusted EBITDA margin dipped 30 bps to ~37%, mainly due to higher F&B costs and wage inflation, but SG&A remains well-controlled. I upgrade to a moderate 'Buy,' targeting $125 short-term and $140–$150 medium-term, citing strong EPS growth and M&A optionality. Read the full article on Seeking Alpha