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U.S. Casinos and Gaming Industry Analysis

UpdatedJun 22, 2026
DataAggregated Company Financials
Companies43
  • 7D-4.5%
  • 3M1.5%
  • 1Y-17.9%
  • YTDn/a

Over the last 7 days, the Casinos and Gaming industry has dropped 4.5%, driven by pullbacks in Flutter Entertainment and DraftKings of 6.6% and 8.3%, respectively. However, the industry is down 18% over the past year. As for the next few years, earnings are expected to grow by 25% 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, 22 Jun 2026US$124.9bUS$94.6bUS$595.3m31.5x209.8x1.3x
Wed, 20 May 2026US$119.6bUS$94.6bUS$596.9m31x200.4x1.3x
Fri, 17 Apr 2026US$125.9bUS$92.9bUS$1.3b24x95.7x1.4x
Sun, 15 Mar 2026US$123.6bUS$92.6bUS$1.6b23.5x78.3x1.3x
Tue, 10 Feb 2026US$132.2bUS$90.6bUS$2.3b22.5x57.6x1.5x
Thu, 08 Jan 2026US$160.3bUS$89.5bUS$2.1b24.8x76.5x1.8x
Sat, 06 Dec 2025US$159.8bUS$89.5bUS$2.1b26.7x76.1x1.8x
Mon, 03 Nov 2025US$161.0bUS$91.7bUS$3.4b34.6x47.3x1.8x
Wed, 01 Oct 2025US$184.1bUS$90.9bUS$2.5b26.5x74x2x
Fri, 29 Aug 2025US$194.5bUS$90.6bUS$2.5b28.1x78.5x2.1x
Sun, 27 Jul 2025US$191.9bUS$91.1bUS$3.1b25.4x61.7x2.1x
Tue, 24 Jun 2025US$168.8bUS$91.7bUS$3.0b22.8x55.6x1.8x
Thu, 22 May 2025US$159.1bUS$91.6bUS$3.0b21.8x52.6x1.7x
Sat, 19 Apr 2025US$141.6bUS$86.5bUS$2.7b23.5x52.1x1.6x
Mon, 17 Mar 2025US$155.9bUS$86.2bUS$2.7b23.8x58.6x1.8x
Wed, 12 Feb 2025US$171.3bUS$87.6bUS$1.4b22.7x122x2x
Fri, 10 Jan 2025US$166.5bUS$87.5bUS$1.4b23.1x120.3x1.9x
Sun, 08 Dec 2024US$184.7bUS$87.8bUS$1.4b24.9x136x2.1x
Tue, 05 Nov 2024US$166.7bUS$89.2bUS$254.1m24.6x656.1x1.9x
Thu, 03 Oct 2024US$170.9bUS$89.0bUS$410.9m23.7x415.8x1.9x
Sat, 31 Aug 2024US$154.4bUS$89.0bUS$411.5m20x375.3x1.7x
Mon, 29 Jul 2024US$155.9bUS$87.6bUS$1.3b17.8x119.4x1.8x
Wed, 26 Jun 2024US$158.0bUS$87.2bUS$1.3b15.2x126.3x1.8x
Fri, 24 May 2024US$124.7bUS$74.9bUS$2.5b15.4x49.6x1.7x
Sun, 21 Apr 2024US$124.1bUS$73.9bUS$3.5b15.3x35.4x1.7x
Tue, 19 Mar 2024US$132.2bUS$73.1bUS$3.1b14.2x42.5x1.8x
Thu, 15 Feb 2024US$136.8bUS$72.4bUS$2.7b14.1x49.9x1.9x
Sat, 13 Jan 2024US$126.8bUS$69.8bUS$2.2b14x56.9x1.8x
Mon, 11 Dec 2023US$124.6bUS$69.8bUS$2.2b13.8x55.9x1.8x
Wed, 08 Nov 2023US$125.7bUS$68.9bUS$1.3b15x99.8x1.8x
Fri, 06 Oct 2023US$117.3bUS$66.4bUS$1.4b16.7x86.1x1.8x
Sun, 03 Sep 2023US$137.4bUS$66.5bUS$1.4b18.5x100.8x2.1x
Tue, 01 Aug 2023US$141.6bUS$64.4bUS$2.0b14.6x72x2.2x
Thu, 29 Jun 2023US$135.2bUS$62.7bUS$1.5b13.2x89.3x2.2x
Price to Earnings Ratio

89.3x


Total Market Cap: US$135.2bTotal Earnings: US$1.5bTotal Revenue: US$62.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Casinos and Gaming Industry Price to Earnings3Y Average 115.5x202420252026
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 210x which is higher than its 3-year average PE of 116x.
  • 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 27% 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 Market1.40%
Consumer Discretionary0.55%
Hospitality3.01%
Casinos and Gaming-4.47%
Leisure Facilities7.54%
Hotels, Resorts and Cruise Lines4.85%
Restaurants3.89%
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
MCRI Monarch Casino & ResortUS$130.661.6%
+US$37.6m		51.7%PE21.3x
MLCO Melco Resorts & EntertainmentUS$5.531.7%
+US$34.9m		-16.7%PE9.4x
RRR Red Rock ResortsUS$61.330.3%
+US$11.6m		20.4%PE19.1x
CDRO Codere Online LuxembourgUS$10.202.0%
+US$9.1m		32.6%PE312.3x
CNTY Century CasinosUS$1.410.7%
+US$227.7k		-41.3%PS0.07x

Latest News

CHDN
US$88.27
Churchill Downs
7D
-4.4%
1Y
-11.6%
MCRI
US$130.66
Monarch Casino & Resort
7D
1.6%
1Y
51.7%
Analysis Article • Jun 21

Monarch Casino & Resort (MCRI) Stock Could Be 22% Below Fair Value After Awards Recognition

Atlantis Casino Resort Spa’s 2025 “Once Is All It Takes” brand campaign has received national honors from the Hermes Creative Awards and Viddy Awards, prompting fresh attention on Monarch Casino & Resort (MCRI) stock. See our latest analysis for Monarch Casino & Resort. The awards attention arrives as Monarch Casino & Resort’s share price trades at $130.66, with a 30-day share price return of 11.86% and a 36.05% year-to-date share price return. The 1-year total shareholder return of 55.71%...
LVS
US$48.72
Las Vegas Sands
7D
-2.1%
1Y
16.1%
CDRO
US$10.20
Codere Online Luxembourg
7D
2.0%
1Y
32.6%
DKNG
US$26.39
DraftKings
7D
-8.3%
1Y
-36.3%
MGM
US$46.84
MGM Resorts International
7D
-3.7%
1Y
40.9%
Narrative Update • Jun 18

MGM: Take Private Bid Will Cap Stock Upside Despite Osaka Optionality

Analysts have raised their consolidated price target for MGM Resorts International to a range centered around $50 to $55, citing a combination of higher acquisition-related expectations, an improved outlook for the Las Vegas Strip, and additional value associated with longer-term projects such as MGM Osaka. Analyst Commentary Recent research on MGM Resorts International shows a mix of constructive and cautious views, with several large firms updating their price targets and ratings around the proposed People Incorporated cash offer at US$48.30 per share and the potential longer term contribution from MGM Osaka.
SRAD
US$15.06
Sportradar Group
7D
-5.6%
1Y
-41.8%
Narrative Update • Jun 18

SRAD: Prediction Market Expansion Will Support 2026 Share Price Rebound

Analysts have nudged their fair value estimate for Sportradar Group slightly higher to about $21.38 per share from $21.22, reflecting modest adjustments to the discount rate and future P/E assumptions as they factor in the recent Kalshi partnership and mixed shifts in Street price targets, which range from $13 to $25. Analyst Commentary Recent research on Sportradar Group highlights a split view, with the Kalshi agreement seen as a potential support for growth in prediction services while several firms recalibrate expectations and price targets.
FLUT
US$101.83
Flutter Entertainment
7D
-6.6%
1Y
-62.4%
MLCO
US$5.53
Melco Resorts & Entertainment
7D
1.7%
1Y
-16.7%
Analysis Article • Jun 17

Melco Resorts And Entertainment (MLCO) Stock Could Be 58.3% Below Fair Value

Recent Performance Snapshot Melco Resorts & Entertainment (MLCO) stock has been under pressure recently, with the share price down over the past week, month, and past 3 months, and lower year to date. Over a longer horizon, total returns over the past year, 3 years, and 5 years have also declined, which may prompt investors to reassess how this casino and resort operator fits into their broader portfolio. See our latest analysis for Melco Resorts & Entertainment. At a share price of US$5.42,...
RRR
US$61.33
Red Rock Resorts
7D
0.3%
1Y
20.4%
Narrative Update • Jun 16

RRR: Future Repricing Will Reflect Execution Cybersecurity Risk And Capital Returns

Analysts have trimmed their average price target on Red Rock Resorts stock to $70, a reduction of $2, as they factor in updated views from multiple firms while still reflecting generally constructive long term assumptions in their models. Analyst Commentary Recent research on Red Rock Resorts clusters around lower price targets, but the tone of the commentary still reflects a mix of optimism on execution and caution on what is already embedded in the valuation.
CNTY
US$1.41
Century Casinos
7D
0.7%
1Y
-41.3%
Narrative Update • Jun 15

CNTY: Share Repurchases And New Auditor Will Support Future Upside

Analysts have kept their $2.88 price target for Century Casinos unchanged, pointing to stable fair value, discount rate and only minor tweaks to revenue growth, profit margin and future P/E assumptions. What's in the News On April 30, 2026, Century Casinos filed materials with the Securities and Exchange Commission for its 2026 Annual Meeting of Stockholders, scheduled for June 22, 2026.
BYD
US$84.68
Boyd Gaming
7D
-3.4%
1Y
10.0%
GENI
US$6.10
Genius Sports
7D
-11.2%
1Y
-37.3%
Seeking Alpha • Jun 13

Genius Sports: A Perfect Blend

Summary Genius Sports Limited (GENI) is rated BUY, leveraging exclusive data rights with the NFL and Premier League to drive revenue growth. GENI forecasts 48-50% revenue and 95-105% EBITDA growth for FY26, with EBITDA margins expanding to 28%. The Legend acquisition diversifies revenue via gamification and targeted advertising, despite recent equity dilution and short-term EPS impact. GENI trades at a 43% EV/EBITDA discount to SRAD, despite superior EBITDA growth guidance and strong secular tailwinds in sports betting and prediction markets. Read the full article on Seeking Alpha