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U.S. Casinos and Gaming Industry Analysis

UpdatedApr 28, 2026
DataAggregated Company Financials
Companies43
  • 7D-0.4%
  • 3M-9.7%
  • 1Y-7.7%
  • YTDn/a

Over the last 7 days, the Casinos and Gaming industry has dropped 1.9%, driven by a pullback from Las Vegas Sands of 4.8%. On the other hand Churchill Downs is actually up 8.1%. The industry has fallen 8.5% in the last year. Looking forward, earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 28 Apr 2026US$124.7bUS$93.6bUS$1.4b29.2x88.5x1.3x
Thu, 26 Mar 2026US$124.4bUS$92.8bUS$1.3b23.1x94.7x1.3x
Sat, 21 Feb 2026US$125.7bUS$91.4bUS$2.3b24x54.2x1.4x
Mon, 19 Jan 2026US$147.8bUS$89.5bUS$2.1b23.8x70.6x1.7x
Wed, 17 Dec 2025US$163.3bUS$89.6bUS$2.1b27.4x77.8x1.8x
Fri, 14 Nov 2025US$167.9bUS$92.7bUS$2.4b27x70.3x1.8x
Sun, 12 Oct 2025US$159.6bUS$90.9bUS$2.5b24.4x64.2x1.8x
Tue, 09 Sep 2025US$186.6bUS$90.9bUS$2.5b27x75.1x2.1x
Thu, 07 Aug 2025US$189.2bUS$91.5bUS$3.0b25.4x64x2.1x
Sat, 05 Jul 2025US$181.3bUS$90.6bUS$3.0b25.6x60.9x2x
Mon, 02 Jun 2025US$160.3bUS$91.6bUS$3.0b22.4x52.9x1.7x
Wed, 30 Apr 2025US$146.3bUS$86.5bUS$2.6b24.1x57.3x1.7x
Fri, 28 Mar 2025US$155.2bUS$86.2bUS$2.6b24.9x60.3x1.8x
Sun, 23 Feb 2025US$174.9bUS$87.9bUS$1.2b23.1x148.5x2x
Tue, 21 Jan 2025US$166.7bUS$87.5bUS$1.4b22.5x120.5x1.9x
Thu, 19 Dec 2024US$178.0bUS$87.7bUS$1.4b23.2x131.5x2x
Sat, 16 Nov 2024US$175.6bUS$87.7bUS$1.4b23.7x129.5x2x
Mon, 14 Oct 2024US$169.0bUS$89.0bUS$411.1m24.2x410.9x1.9x
Wed, 11 Sep 2024US$156.5bUS$89.0bUS$411.0m19.3x380.9x1.8x
Fri, 09 Aug 2024US$144.1bUS$88.4bUS$381.3m18.4x378x1.6x
Sun, 07 Jul 2024US$155.6bUS$87.2bUS$1.3b15.1x124.3x1.8x
Tue, 04 Jun 2024US$120.4bUS$74.9bUS$2.6b15.2x46.7x1.6x
Thu, 02 May 2024US$120.6bUS$73.8bUS$3.3b14.4x36.2x1.6x
Sat, 30 Mar 2024US$137.7bUS$73.1bUS$3.2b17.3x43.6x1.9x
Mon, 26 Feb 2024US$135.7bUS$72.7bUS$2.9b14x46.6x1.9x
Wed, 24 Jan 2024US$129.5bUS$69.8bUS$2.2b14.5x58.1x1.9x
Fri, 22 Dec 2023US$128.1bUS$69.8bUS$2.2b14.7x57.5x1.8x
Sun, 19 Nov 2023US$129.1bUS$69.8bUS$2.2b14.1x57.6x1.8x
Tue, 17 Oct 2023US$120.0bUS$66.4bUS$1.3b15.9x90.3x1.8x
Thu, 14 Sep 2023US$129.3bUS$66.4bUS$1.4b17.1x94.9x1.9x
Sat, 12 Aug 2023US$133.6bUS$66.5bUS$1.6b17.2x83.5x2x
Mon, 10 Jul 2023US$129.9bUS$62.7bUS$1.5b13.3x85.7x2.1x
Wed, 07 Jun 2023US$137.3bUS$62.7bUS$1.4b13.2x94.8x2.2x
Fri, 05 May 2023US$128.7bUS$62.1bUS$1.0b13.3x123.4x2.1x
Price to Earnings Ratio

123.4x


Total Market Cap: US$128.7bTotal Earnings: US$1.0bTotal Revenue: US$62.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Casinos and Gaming Industry Price to Earnings3Y Average 110x202420252026
Current Industry PE
  • Investors are pessimistic on the American Casinos and Gaming industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 88.3x which is lower than its 3-year average PE of 110x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Casinos and Gaming industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 15% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

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

US Market0.72%
Consumer Discretionary-0.52%
Hospitality-4.21%
Casinos and Gaming-0.38%
Restaurants-3.39%
Hotels, Resorts and Cruise Lines-5.95%
Leisure Facilities-7.26%
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
CHDN Churchill DownsUS$100.398.1%
+US$521.4m		12.3%PE18x
MCRI Monarch Casino & ResortUS$117.6119.3%
+US$337.6m		50.5%PE19.1x
DKNG DraftKingsUS$23.532.8%
+US$317.3m		-29.3%PE3144.2x
MGM MGM Resorts InternationalUS$40.552.9%
+US$294.2m		25.9%PE49.1x
PENN PENN EntertainmentUS$17.8312.6%
+US$252.4m		12.7%PS0.3x

Latest News

MCRI
US$117.61
Monarch Casino & Resort
7D
19.3%
1Y
50.5%
SRAD
US$13.93
Sportradar Group
7D
-17.3%
1Y
-39.1%

SRAD: Official League Data And Prediction Markets Will Support 2026 Bullish Thesis

Sportradar Group's updated analyst price target edges lower to about $27.92 from roughly $28.99, as analysts factor in a slightly higher discount rate, a modestly lower future P/E multiple of about 35.42, and largely unchanged expectations for revenue growth and profit margin. Analyst Commentary Recent research on Sportradar Group reflects a mix of optimism about the business model and caution around execution, valuation, and market expectations.
LVS
US$54.47
Las Vegas Sands
7D
-4.8%
1Y
51.1%

Las Vegas Sands: Q1 2026 Results - Trouble Ahead

Apr 26
RRR
US$54.43
Red Rock Resorts
7D
-3.3%
1Y
27.0%

RRR: Buybacks And Special Dividend Will Support Future Equity Repricing

Analysts have nudged their fair value estimate for Red Rock Resorts slightly lower, with the target moving from about $72.69 to $71.88. The adjustment reflects recent mixed price target revisions across firms following updated views on growth, margins and appropriate P/E levels.
BYD
US$87.53
Boyd Gaming
7D
-0.7%
1Y
26.3%

Boyd Gaming Q1 Results: A Rare But Non-Threatening Double Miss

Apr 25
PENN
US$17.83
PENN Entertainment
7D
12.6%
1Y
12.7%
FLUT
US$110.93
Flutter Entertainment
7D
1.2%
1Y
-52.9%

FLUT: Global Scale And Prediction Markets Will Support Post 2026 Sentiment Reset

The analyst-derived fair value estimate for Flutter Entertainment has shifted lower to about $188 from roughly $197, as analysts factor in softer U.S. sports betting trends, reduced revenue growth assumptions, slightly higher discount rates, and a lower forward P/E multiple following a broad wave of target cuts and downgrades across the Street. Analyst Commentary Recent Street research on Flutter Entertainment has turned more cautious overall, with a cluster of target cuts and several downgrades, but there is still a split between those who see reset expectations as an opportunity and those who remain focused on execution risks, especially in the U.S. online sports betting market.
WYNN
US$105.51
Wynn Resorts
7D
-3.0%
1Y
28.4%

Wynn Resorts: Betting On UAE

Apr 24
CHDN
US$100.39
Churchill Downs
7D
8.1%
1Y
12.3%
GENI
US$4.42
Genius Sports
7D
-9.1%
1Y
-59.0%

GENI: Official Data Rights Will Drive Future Prediction Market And Advertising Demand

Genius Sports' updated analyst price target edges lower by about $0.50 to reflect slightly higher discount rates, a modestly reduced fair value estimate, and analyst views that softer profit margin assumptions offset relatively steady growth expectations and supportive data rights tailwinds highlighted in recent CFTC related research. Analyst Commentary Recent research on Genius Sports clusters around two themes, lower price targets across much of the analyst coverage and growing interest in the company’s official data rights and prediction market exposure following the recent CFTC staff letter.
DKNG
US$23.53
DraftKings
7D
2.8%
1Y
-29.3%
MGM
US$40.55
MGM Resorts International
7D
2.9%
1Y
25.9%

MGM Resorts: China Momentum Sets Up A Clean Beat

Apr 22
MLCO
US$5.59
Melco Resorts & Entertainment
7D
-5.3%
1Y
7.9%

Melco Resorts: Undervalued With Catalysts Coming

Apr 21
SGHC
US$12.48
Super Group (SGHC)
7D
3.1%
1Y
55.8%

SGHC: 2026 Dividend Plan Will Underpin Confidence In Earnings Trajectory

Super Group's latest narrative update reflects a modestly higher analyst price target, with expectations supported by recent research highlighting FY25 results ahead of expectations and a potential pathway for results to exceed baseline forecasts as 2026 progresses. Analyst Commentary Recent research coverage on Super Group focuses on the company’s FY25 performance versus expectations and the implications for valuation as execution unfolds into 2026.
RSI
US$24.28
Rush Street Interactive
7D
5.7%
1Y
98.4%
SBET
US$7.18
Sharplink
7D
-7.8%
1Y
127.6%