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U.S. Casinos and Gaming Industry Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies42
  • 7D1.5%
  • 3M-2.2%
  • 1Y-19.9%
  • YTDn/a

The Casinos and Gaming industry is up 1.5% in the last week, with MGM Resorts International up 14%. Meanwhile, Super Group (SGHC) actually underperformed within the industry, shrinking 7.8% in the last week. In contrast, the industry has lost 23% in the last 12 months. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 01 Jun 2026US$120.7bUS$94.6bUS$597.2m30.5x202.2x1.3x
Wed, 29 Apr 2026US$126.2bUS$93.6bUS$1.4b28.9x91.8x1.3x
Fri, 27 Mar 2026US$121.9bUS$92.8bUS$1.3b23.1x92.9x1.3x
Sun, 22 Feb 2026US$125.6bUS$91.4bUS$2.3b24x54.1x1.4x
Tue, 20 Jan 2026US$147.8bUS$89.5bUS$2.1b23.8x70.6x1.7x
Thu, 18 Dec 2025US$162.9bUS$89.6bUS$2.1b26.9x77.6x1.8x
Sat, 15 Nov 2025US$159.6bUS$92.8bUS$2.5b26.8x64x1.7x
Mon, 13 Oct 2025US$159.6bUS$90.9bUS$2.5b24.4x64.2x1.8x
Wed, 10 Sep 2025US$185.3bUS$90.9bUS$2.5b26.6x74.5x2x
Fri, 08 Aug 2025US$190.2bUS$91.9bUS$3.1b26.2x62.1x2.1x
Sun, 06 Jul 2025US$181.3bUS$90.6bUS$3.0b25.6x60.9x2x
Tue, 03 Jun 2025US$160.2bUS$91.7bUS$3.0b22.3x52.8x1.7x
Thu, 01 May 2025US$147.2bUS$86.5bUS$2.6b23.2x56.7x1.7x
Sat, 29 Mar 2025US$154.1bUS$86.2bUS$2.6b22.4x59.8x1.8x
Mon, 24 Feb 2025US$174.3bUS$87.9bUS$1.2b23.1x148x2x
Wed, 22 Jan 2025US$166.7bUS$87.6bUS$1.4b22.6x120.4x1.9x
Fri, 20 Dec 2024US$170.5bUS$87.7bUS$1.4b23.7x126x1.9x
Sun, 17 Nov 2024US$173.2bUS$87.7bUS$1.4b23.7x127.5x2x
Tue, 15 Oct 2024US$169.0bUS$89.0bUS$411.1m24.2x410.9x1.9x
Thu, 12 Sep 2024US$157.3bUS$89.0bUS$411.0m19.3x382.8x1.8x
Sat, 10 Aug 2024US$148.2bUS$88.3bUS$222.7m18.1x665.2x1.7x
Mon, 08 Jul 2024US$155.6bUS$87.2bUS$1.3b15.1x124.3x1.8x
Wed, 05 Jun 2024US$120.8bUS$74.9bUS$2.6b15.1x46.8x1.6x
Fri, 03 May 2024US$121.1bUS$74.3bUS$2.1b15x57.6x1.6x
Sun, 31 Mar 2024US$137.7bUS$73.1bUS$3.2b17.3x43.4x1.9x
Tue, 27 Feb 2024US$134.3bUS$72.7bUS$2.9b14x46x1.8x
Thu, 25 Jan 2024US$131.5bUS$69.8bUS$2.2b14.3x59x1.9x
Sat, 23 Dec 2023US$130.8bUS$69.8bUS$2.2b14.7x58.7x1.9x
Mon, 20 Nov 2023US$129.0bUS$69.8bUS$2.2b14.1x57.5x1.8x
Wed, 18 Oct 2023US$120.4bUS$66.4bUS$1.3b16x90.6x1.8x
Fri, 15 Sep 2023US$129.3bUS$66.4bUS$1.4b17.3x94.9x1.9x
Sun, 13 Aug 2023US$133.6bUS$66.5bUS$1.6b17.2x83.5x2x
Tue, 11 Jul 2023US$134.6bUS$62.7bUS$1.5b13.5x88.7x2.1x
Thu, 08 Jun 2023US$137.3bUS$62.7bUS$1.4b13.1x94.8x2.2x
Price to Earnings Ratio

94.8x


Total Market Cap: US$137.3bTotal Earnings: US$1.4bTotal Revenue: US$62.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Casinos and Gaming Industry Price to Earnings3Y Average 113.2x202420252026
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 202x which is higher than its 3-year average PE of 113x.
  • 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 declined 26% per year over the last three years.
  • Meanwhile revenues for these companies have grown 15% 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 Market1.58%
Consumer Discretionary1.58%
Hospitality3.01%
Casinos and Gaming1.55%
Hotels, Resorts and Cruise Lines5.61%
Leisure Facilities3.52%
Restaurants0.26%
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
MGM MGM Resorts InternationalUS$43.6713.7%
+US$1.3b		40.1%PE59.5x
LVS Las Vegas SandsUS$50.572.3%
+US$755.4m		23.0%PE18.2x
WYNN Wynn ResortsUS$101.224.1%
+US$407.1m		15.3%PE27.6x
BYD Boyd GamingUS$82.684.2%
+US$250.5m		11.2%PE3.3x
PENN PENN EntertainmentUS$18.8311.6%
+US$247.9m		27.4%PS0.3x

Latest News

WYNN
US$101.22
Wynn Resorts
7D
4.1%
1Y
15.3%
DKNG
US$24.49
DraftKings
7D
-2.5%
1Y
-27.4%
Seeking Alpha • May 31

DraftKings: Prediction Markets Are Eating This Company's Lunch (Rating Downgrade)

Summary DraftKings faces further downside after a disappointing Q1 earnings print and ongoing market share losses. Despite launching its 'super app,' DKNG's handle trends weakened as active players declined, signaling competitive pressures. DKNG underperformed the broader market, missing out on the rally and losing ~30% YTD. I reiterate my sell rating, as DKNG is not a value stock and faces intensifying competition from Polymarket and Kalshi. Read the full article on Seeking Alpha
FLUT
US$96.98
Flutter Entertainment
7D
-0.4%
1Y
-60.6%
Narrative Update • May 30

FLUT: Prediction Markets Expansion Will Support Post 2026 Sentiment Reset

Analyst fair value for Flutter Entertainment has been revised from $187.54 to $162.72 as many firms trim price targets and adjust growth and margin assumptions, while some still note potential upside from prediction markets expanding the total addressable market. Analyst Commentary Recent research on Flutter Entertainment shows a clear split between bullish and bearish analysts, with price targets moving lower but views differing on how prediction markets and recent trading issues affect the long term story.
RRR
US$58.38
Red Rock Resorts
7D
5.4%
1Y
18.2%
LVS
US$50.57
Las Vegas Sands
7D
2.3%
1Y
23.0%
SBET
US$6.11
Sharplink
7D
-1.9%
1Y
-89.0%
MGM
US$43.67
MGM Resorts International
7D
13.7%
1Y
40.1%
Seeking Alpha • May 28

MGM Resorts: Finally, Las Vegas Tourism Is Stabilizing

Summary MGM Resorts International was upgraded to Overweight by JPMorgan, which outlined stabilizing trends in Las Vegas. Data from early 2026 indeed shows an improvement in Las Vegas tourism trends. I believe that the improvement should be extrapolated cautiously. MGM's other segments have grown well, but with weakening profitability. I estimate MGM stock to have 14% upside to $47.6. Read the full article on Seeking Alpha
SGHC
US$12.45
Super Group (SGHC)
7D
-7.8%
1Y
42.3%
CHDN
US$87.21
Churchill Downs
7D
2.5%
1Y
-6.0%
SEGG
US$1.69
Sports Entertainment Gaming Global
7D
-11.5%
1Y
-88.1%
GENI
US$5.86
Genius Sports
7D
9.5%
1Y
-37.8%
BYD
US$82.68
Boyd Gaming
7D
4.2%
1Y
11.2%
RSI
US$25.34
Rush Street Interactive
7D
-6.4%
1Y
101.9%
PENN
US$18.83
PENN Entertainment
7D
11.6%
1Y
27.4%
Narrative Update • May 18

PENN: Free Cash Flow And Interactive Break Even Will Guide Measured Outlook

Analysts have inched their average price targets on PENN Entertainment higher by low single digit dollar amounts, pointing to improving free cash flow expectations and early progress toward break-even in the interactive business as key supports for the updated valuation assumptions. Analyst Commentary Recent research on PENN Entertainment shows a mix of optimism around free cash flow potential and break-even targets for the interactive segment, alongside ongoing skepticism about execution and management credibility.
FLL
US$2.50
Full House Resorts
7D
-5.8%
1Y
-21.4%
Narrative Update • May 16

FLL: Strong Waukegan Performance Will Underpin Future Upside Despite Chamonix Ramp Challenges

Analysts recently trimmed their price target on Full House Resorts stock to $4 from $5, citing a slower than hoped ramp at Chamonix, even as the temporary Waukegan casino continues to perform strongly. Analyst Commentary Recent research reflects a more cautious stance on Full House Resorts, with the price target adjusted to US$4 from US$5.