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U.S. Casinos and Gaming Industry Analysis

UpdatedAug 18, 2026
DataAggregated Company Financials
Companies44
  • 7D1.7%
  • 3M3.1%
  • 1Y-37.6%
  • YTDn/a

The Casinos and Gaming industry is up 1.7% in the last week, with DraftKings up 4.2%. In the same time, Bally's was down 21%. In the past year, the industry is down 38%. Looking forward, 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
Tue, 18 Aug 2026US$89.1bUS$81.6bUS$120.7m19.3x737.7x1.1x
Thu, 16 Jul 2026US$124.2bUS$94.6bUS$595.2m32x208.7x1.3x
Sat, 13 Jun 2026US$131.1bUS$94.6bUS$595.9m32.5x220x1.4x
Mon, 11 May 2026US$123.2bUS$94.4bUS$1.3b30.6x92.1x1.3x
Wed, 08 Apr 2026US$122.4bUS$92.8bUS$1.3b22.6x93.2x1.3x
Fri, 06 Mar 2026US$126.8bUS$92.7bUS$2.3b23.7x54.9x1.4x
Sun, 01 Feb 2026US$133.0bUS$90.3bUS$2.2b21.7x61.4x1.5x
Tue, 30 Dec 2025US$161.9bUS$89.6bUS$2.1b27.4x77.2x1.8x
Thu, 27 Nov 2025US$154.9bUS$89.5bUS$2.1b26.8x73.8x1.7x
Sat, 25 Oct 2025US$169.8bUS$91.6bUS$3.9b25.4x43.4x1.9x
Mon, 22 Sep 2025US$181.8bUS$90.9bUS$2.5b26.5x73.1x2x
Wed, 20 Aug 2025US$185.3bUS$90.6bUS$2.5b26.5x74.9x2x
Fri, 18 Jul 2025US$188.5bUS$90.6bUS$3.0b25.5x63.3x2.1x
Sun, 15 Jun 2025US$162.2bUS$91.7bUS$3.0b22.1x53.4x1.8x
Tue, 13 May 2025US$155.0bUS$89.2bUS$3.5b23.3x44.3x1.7x
Thu, 10 Apr 2025US$132.2bUS$86.4bUS$2.7b23.5x48.7x1.5x
Sat, 08 Mar 2025US$163.7bUS$86.7bUS$2.6b22.3x63.4x1.9x
Mon, 03 Feb 2025US$172.9bUS$87.5bUS$1.3b23x130.3x2x
Wed, 01 Jan 2025US$168.8bUS$87.6bUS$1.4b23.9x122x1.9x
Fri, 29 Nov 2024US$180.7bUS$87.7bUS$1.4b24.8x132.8x2.1x
Sun, 27 Oct 2024US$170.0bUS$89.0bUS$307.9m24.6x552.1x1.9x
Tue, 24 Sep 2024US$165.0bUS$89.1bUS$411.0m20.4x401.4x1.9x
Thu, 22 Aug 2024US$154.8bUS$89.1bUS$425.5m19.5x363.8x1.7x
Sat, 20 Jul 2024US$156.4bUS$87.2bUS$1.3b15.9x125x1.8x
Mon, 17 Jun 2024US$120.2bUS$74.9bUS$2.6b15.1x46.6x1.6x
Wed, 15 May 2024US$126.3bUS$75.2bUS$2.6b15.2x49.1x1.7x
Fri, 12 Apr 2024US$135.2bUS$73.1bUS$3.2b16.5x42.8x1.8x
Sun, 10 Mar 2024US$133.1bUS$73.0bUS$3.1b14.2x43.2x1.8x
Tue, 06 Feb 2024US$133.8bUS$71.6bUS$2.8b14.5x48.2x1.9x
Thu, 04 Jan 2024US$128.2bUS$69.8bUS$2.2b14.2x57.5x1.8x
Sat, 02 Dec 2023US$125.8bUS$69.8bUS$2.2b14.2x56.4x1.8x
Mon, 30 Oct 2023US$114.6bUS$68.4bUS$1.9b15.2x59.5x1.7x
Wed, 27 Sep 2023US$121.1bUS$66.4bUS$1.4b16.7x88.9x1.8x
Fri, 25 Aug 2023US$132.2bUS$66.5bUS$1.4b17.7x97x2x
Price to Earnings Ratio

97x


Total Market Cap: US$132.2bTotal 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 132.8x202420252026
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 738x 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 Market0.11%
Consumer Discretionary-3.25%
Hospitality0.85%
Casinos and Gaming1.65%
Leisure Facilities4.49%
Restaurants3.22%
Hotels, Resorts and Cruise Lines-1.20%
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
MSC Studio City International HoldingsUS$1.837.6%
+US$25.0m		-57.4%PS0.5x
MCRI Monarch Casino & ResortUS$123.270.8%
+US$17.7m		22.0%PE19.3x
BYD Boyd GamingUS$82.480.1%
+US$8.0m		-1.7%PE3.3x
CDRO Codere Online LuxembourgUS$8.990.8%
+US$3.2m		8.5%PE272.8x
CNTY Century CasinosUS$1.284.9%
+US$1.7m		-47.1%PS0.06x

Latest News

PENN
US$18.29
PENN Entertainment
7D
-4.4%
1Y
-1.2%
DKNG
US$24.04
DraftKings
7D
-5.1%
1Y
-46.6%
BYD
US$82.48
Boyd Gaming
7D
0.1%
1Y
-1.7%
MSC
US$1.83
Studio City International Holdings
7D
7.6%
1Y
-57.4%
BALY
US$8.91
Bally's
7D
-31.3%
1Y
-4.2%
CPHC
US$15.63
Canterbury Park Holding
7D
1.1%
1Y
-5.3%
MGM
US$43.32
MGM Resorts International
7D
-1.8%
1Y
18.0%
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$12.86
Sportradar Group
7D
-3.1%
1Y
-57.6%
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.
FLUT
US$92.89
Flutter Entertainment
7D
-6.2%
1Y
-68.1%
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.
CNTY
US$1.28
Century Casinos
7D
4.9%
1Y
-47.1%
WYNN
US$101.29
Wynn Resorts
7D
-3.3%
1Y
-10.2%
LVS
US$45.47
Las Vegas Sands
7D
-0.5%
1Y
-15.2%
Narrative Update • Aug 03

LVS: Macau And Singapore Reset Will Shape Future Capital Returns

Analysts have lowered the average price target for Las Vegas Sands to about $47, down from roughly $56, reflecting a reset in assumptions around fair value following weaker than expected recent results and softer expectations for Macau and Singapore profitability. Analyst Commentary Recent research on Las Vegas Sands points to a more cautious stance, even as many firms keep constructive ratings on the stock.
CDRO
US$8.99
Codere Online Luxembourg
7D
0.8%
1Y
8.5%
MCRI
US$123.27
Monarch Casino & Resort
7D
0.8%
1Y
22.0%
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