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U.S. Casinos and Gaming Industry Analysis

UpdatedJun 16, 2026
DataAggregated Company Financials
Companies43
  • 7D3.9%
  • 3M5.5%
  • 1Y-14.8%
  • YTDn/a

In the last week, the Casinos and Gaming industry is up 4.6%, with DraftKings up 16%. In the past year, the industry is down 13%. Looking forward, earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Jun 2026US$130.7bUS$94.6bUS$596.1m32.3x219.3x1.4x
Thu, 14 May 2026US$118.5bUS$94.5bUS$742.1m30.7x159.7x1.3x
Sat, 11 Apr 2026US$120.3bUS$92.8bUS$1.3b22.4x91.5x1.3x
Mon, 09 Mar 2026US$123.0bUS$92.7bUS$2.3b22.7x53.2x1.3x
Wed, 04 Feb 2026US$133.6bUS$90.3bUS$2.2b22.4x61.6x1.5x
Fri, 02 Jan 2026US$160.6bUS$89.6bUS$2.1b27.2x76.6x1.8x
Sun, 30 Nov 2025US$158.9bUS$89.5bUS$2.1b26.7x75.7x1.8x
Tue, 28 Oct 2025US$166.4bUS$91.6bUS$3.9b25.8x42.5x1.8x
Thu, 25 Sep 2025US$181.9bUS$90.9bUS$2.5b26.9x73.2x2x
Sat, 23 Aug 2025US$186.0bUS$90.6bUS$2.5b27.8x75.1x2.1x
Mon, 21 Jul 2025US$185.7bUS$90.6bUS$3.0b25.4x62.3x2x
Wed, 18 Jun 2025US$167.9bUS$91.7bUS$3.0b22.5x55.3x1.8x
Fri, 16 May 2025US$163.5bUS$92.2bUS$2.9b23.2x56.6x1.8x
Sun, 13 Apr 2025US$141.2bUS$86.5bUS$2.7b23.1x51.9x1.6x
Tue, 11 Mar 2025US$161.3bUS$86.7bUS$2.6b22.4x62.4x1.9x
Thu, 06 Feb 2025US$171.7bUS$87.5bUS$1.3b22.1x129.4x2x
Sat, 04 Jan 2025US$166.6bUS$87.5bUS$1.4b23.8x120.4x1.9x
Mon, 02 Dec 2024US$183.3bUS$87.8bUS$1.4b25.4x135x2.1x
Wed, 30 Oct 2024US$171.6bUS$89.0bUS$308.0m24.6x557.3x1.9x
Fri, 27 Sep 2024US$167.0bUS$89.1bUS$410.9m22.2x406.3x1.9x
Sun, 25 Aug 2024US$156.6bUS$89.1bUS$411.6m19.8x380.6x1.8x
Tue, 23 Jul 2024US$157.2bUS$87.2bUS$1.3b15.6x125.6x1.8x
Thu, 20 Jun 2024US$156.7bUS$87.2bUS$1.3b15.4x124.2x1.8x
Sat, 18 May 2024US$127.0bUS$74.9bUS$2.5b15.2x50.5x1.7x
Mon, 15 Apr 2024US$131.5bUS$73.1bUS$3.2b16.1x41.6x1.8x
Wed, 13 Mar 2024US$133.4bUS$73.0bUS$3.1b14.2x43.3x1.8x
Fri, 09 Feb 2024US$136.1bUS$71.6bUS$2.8b15x49x1.9x
Sun, 07 Jan 2024US$128.5bUS$69.8bUS$2.2b14.2x57.6x1.8x
Tue, 05 Dec 2023US$128.3bUS$69.8bUS$2.2b14.1x57.5x1.8x
Thu, 02 Nov 2023US$115.9bUS$68.6bUS$1.7b15.4x67.8x1.7x
Sat, 30 Sep 2023US$121.7bUS$66.4bUS$1.4b17x89.3x1.8x
Mon, 28 Aug 2023US$131.9bUS$66.5bUS$1.4b17.7x96.8x2x
Wed, 26 Jul 2023US$140.0bUS$64.2bUS$2.1b14.7x66x2.2x
Fri, 23 Jun 2023US$137.4bUS$62.7bUS$1.5b13.1x90.7x2.2x
Price to Earnings Ratio

90.7x


Total Market Cap: US$137.4bTotal 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 114.8x202420252026
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 219x which is higher than its 3-year average PE of 115x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.4x.
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 Market2.20%
Consumer Discretionary1.88%
Hospitality6.98%
Casinos and Gaming3.94%
Restaurants8.52%
Hotels, Resorts and Cruise Lines7.21%
Leisure Facilities1.71%
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
DKNG DraftKingsUS$28.7916.2%
+US$2.0b		-24.0%PE243.6x
FLUT Flutter EntertainmentUS$108.983.8%
+US$698.6m		-59.6%PS1.1x
RSI Rush Street InteractiveUS$30.1215.2%
+US$414.3m		118.4%PE84.6x
SGHC Super Group (SGHC)US$13.656.1%
+US$396.3m		38.3%PE28.3x
MGM MGM Resorts InternationalUS$48.622.9%
+US$348.0m		41.7%PE66.3x

Latest News

SRAD
US$15.96
Sportradar Group
7D
4.6%
1Y
-35.3%
SGHC
US$13.65
Super Group (SGHC)
7D
6.1%
1Y
38.3%
DKNG
US$28.79
DraftKings
7D
16.2%
1Y
-24.0%
FLUT
US$108.98
Flutter Entertainment
7D
3.8%
1Y
-59.6%
Narrative Update • Jun 13

FLUT: Prediction Markets And World Cup Catalyst Will Support Post 2026 Sentiment Reset

Analysts have lifted their blended price target for Flutter Entertainment to $168 from $161, reflecting updated views around higher marketing spend tied to events like the World Cup and the potential for prediction markets to widen the company’s addressable customer base, even as some firms flag downside risks and have trimmed targets or ratings. Analyst Commentary Recent Street research around Flutter Entertainment is split, with some firms highlighting upside tied to marketing and new products, while others focus on execution risks and uncertainty around prediction markets.
MGM
US$48.62
MGM Resorts International
7D
2.9%
1Y
41.7%
ROLR
US$6.15
High Roller Technologies
7D
-5.5%
1Y
146.0%
PENN
US$21.84
PENN Entertainment
7D
13.9%
1Y
32.4%
MLCO
US$5.44
Melco Resorts & Entertainment
7D
-8.6%
1Y
-15.8%
RSI
US$30.12
Rush Street Interactive
7D
15.2%
1Y
118.4%
LVS
US$49.74
Las Vegas Sands
7D
-2.1%
1Y
16.2%
Narrative Update • Jun 08

LVS: Future Returns Will Lean On Macau Recovery And Ongoing Share Repurchases

Analysts have trimmed their average price target on Las Vegas Sands by about $0.47 to $69.09. This reflects a mix of recent target cuts and modest increases as they factor in slightly adjusted discount rates, revenue expectations, profit margins and future P/E assumptions.
SEGG
US$1.23
Sports Entertainment Gaming Global
7D
-26.3%
1Y
-88.8%
CHDN
US$92.30
Churchill Downs
7D
3.9%
1Y
-6.1%
Seeking Alpha • Jun 01

Churchill Downs: The Caesars Buyout Could Present An Opportunity

Summary Churchill Downs Incorporated has reported slowing earnings momentum, as the company hasn't found as many attractive CapEx projects. Fertitta's acquisition of Caesars Entertainment is expected to result in sector M&A, and CHDN is well-positioned to acquire potentially sold casino assets. I estimate CHDN stock to have a fair value of $95.2. Read the full article on Seeking Alpha
CNTY
US$1.40
Century Casinos
7D
-2.8%
1Y
-39.4%
Narrative Update • Jun 01

CNTY: Ongoing Share Repurchases Will Support Future Upside Potential

Analysts have modestly adjusted their price target on Century Casinos, citing updated assumptions for revenue growth, profit margins, the discount rate, and future P/E. Together, these factors point to a refined valuation profile around $2.88 per share.
MSC
US$2.09
Studio City International Holdings
7D
-10.7%
1Y
-24.0%