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U.S. Casinos and Gaming Industry Analysis

UpdatedJun 09, 2026
DataAggregated Company Financials
Companies43
  • 7D-2.3%
  • 3M3.1%
  • 1Y-17.1%
  • YTDn/a

Over the last 7 days, the Casinos and Gaming industry has dropped 3.4%, driven by Las Vegas Sands declining 4.7%. On the other hand Sportradar Group is actually up 11%. The industry has fallen 19% 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, 09 Jun 2026US$123.5bUS$94.6bUS$595.7m30.9x207.3x1.3x
Thu, 07 May 2026US$122.9bUS$93.4bUS$1.4b30.3x88.1x1.3x
Sat, 04 Apr 2026US$122.5bUS$92.8bUS$1.3b23.3x93.3x1.3x
Mon, 02 Mar 2026US$124.2bUS$92.4bUS$2.2b23.4x55.7x1.3x
Wed, 28 Jan 2026US$142.9bUS$89.6bUS$2.1b23.9x68.1x1.6x
Fri, 26 Dec 2025US$162.3bUS$89.6bUS$2.1b27.4x77.4x1.8x
Sun, 23 Nov 2025US$155.1bUS$92.7bUS$2.5b26.2x62.1x1.7x
Tue, 21 Oct 2025US$162.5bUS$90.9bUS$2.5b24.9x65.4x1.8x
Thu, 18 Sep 2025US$179.6bUS$90.9bUS$2.5b26.3x72.2x2x
Sat, 16 Aug 2025US$183.8bUS$90.6bUS$2.5b26.8x74.3x2x
Mon, 14 Jul 2025US$186.0bUS$90.6bUS$3.0b25.7x62.5x2.1x
Wed, 11 Jun 2025US$165.5bUS$91.7bUS$3.0b23.1x54.5x1.8x
Fri, 09 May 2025US$151.6bUS$87.0bUS$3.0b22.1x49.8x1.7x
Sun, 06 Apr 2025US$133.1bUS$86.4bUS$2.7b21.6x49.1x1.5x
Tue, 04 Mar 2025US$174.0bUS$86.4bUS$1.5b24.2x114.8x2x
Thu, 30 Jan 2025US$170.8bUS$87.6bUS$1.4b22.3x123.4x2x
Sat, 28 Dec 2024US$171.3bUS$87.7bUS$1.4b23.7x126.6x2x
Mon, 25 Nov 2024US$179.7bUS$87.7bUS$1.4b24.2x132.4x2x
Wed, 23 Oct 2024US$168.7bUS$89.0bUS$410.1m23.7x411.2x1.9x
Fri, 20 Sep 2024US$162.7bUS$89.1bUS$411.0m20.6x396x1.8x
Sun, 18 Aug 2024US$154.4bUS$89.0bUS$428.1m19.3x360.5x1.7x
Tue, 16 Jul 2024US$162.2bUS$87.2bUS$1.3b16.2x129.6x1.9x
Thu, 13 Jun 2024US$121.7bUS$74.9bUS$2.6b15.7x47.2x1.6x
Sat, 11 May 2024US$125.9bUS$74.8bUS$2.5b15.3x51.1x1.7x
Mon, 08 Apr 2024US$138.0bUS$73.1bUS$3.2b16.6x43.7x1.9x
Wed, 06 Mar 2024US$133.7bUS$72.9bUS$3.0b14.9x44.6x1.8x
Fri, 02 Feb 2024US$133.9bUS$71.6bUS$2.8b14.6x48.2x1.9x
Sun, 31 Dec 2023US$131.4bUS$69.8bUS$2.2b14.7x58.9x1.9x
Tue, 28 Nov 2023US$129.9bUS$69.8bUS$2.2b14x58.3x1.9x
Thu, 26 Oct 2023US$115.3bUS$68.2bUS$1.9b15.5x60x1.7x
Sat, 23 Sep 2023US$122.4bUS$66.4bUS$1.4b16.9x89.8x1.8x
Mon, 21 Aug 2023US$127.1bUS$66.5bUS$1.4b16.7x94x1.9x
Wed, 19 Jul 2023US$142.6bUS$62.8bUS$1.5b14.4x93.6x2.3x
Fri, 16 Jun 2023US$139.8bUS$62.7bUS$1.5b13.7x96x2.2x
Price to Earnings Ratio

96x


Total Market Cap: US$139.8bTotal 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 114.1x202420252026
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 207x which is higher than its 3-year average PE of 114x.
  • 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 Market-2.73%
Consumer Discretionary-3.61%
Hospitality-3.12%
Casinos and Gaming-2.25%
Leisure Facilities3.92%
Hotels, Resorts and Cruise Lines-2.60%
Restaurants-4.59%
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
SRAD Sportradar GroupUS$15.2610.8%
+US$464.5m		-36.7%PE59.1x
FLUT Flutter EntertainmentUS$104.950.6%
+US$110.9m		-60.2%PS1.1x
GENI Genius SportsUS$6.466.8%
+US$109.7m		-30.7%PS2.4x
RSI Rush Street InteractiveUS$26.143.0%
+US$78.1m		92.9%PE73.4x
MLCO Melco Resorts & EntertainmentUS$5.951.9%
+US$42.7m		-3.3%PE10.1x

Latest News

SRAD
US$15.26
Sportradar Group
7D
10.8%
1Y
-36.7%
RSI
US$26.14
Rush Street Interactive
7D
3.0%
1Y
92.9%
LVS
US$50.79
Las Vegas Sands
7D
-4.7%
1Y
21.2%
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.
ROLR
US$6.51
High Roller Technologies
7D
22.8%
1Y
153.8%
WYNN
US$104.83
Wynn Resorts
7D
-1.6%
1Y
23.8%
Narrative Update • Jun 05

WYNN: Al Marjan Launch And Macau Expansion Will Support Future Upside

Wynn Resorts' analyst fair value estimate has shifted slightly from $152.00 to $150.00 as analysts factor in a series of reduced price targets across major firms and adjust assumptions for revenue growth, profit margins, and future P/E expectations. Analyst Commentary Recent Street research around Wynn Resorts has centered on a broad round of price target trims, along with one key list removal at Goldman Sachs.
GENI
US$6.46
Genius Sports
7D
6.8%
1Y
-30.7%
Narrative Update • Jun 05

GENI: Official Data Rights And AI Partnerships Will Support Future Prediction Markets

Analysts have trimmed the average price target for Genius Sports by about $1, reflecting updated views on fair value that incorporate higher projected revenue growth and profit margins, a lower assumed future P/E, and recent research that highlights both reduced targets at several firms and renewed support following the CFTC advisory on official sports data. Analyst Commentary Recent research on Genius Sports reflects a mix of optimism around new revenue opportunities and caution around valuation and execution risks, especially after a series of price target cuts alongside supportive commentary on official data rights and prediction markets.
CZR
US$29.32
Caesars Entertainment
7D
0.6%
1Y
9.6%
MGM
US$47.26
MGM Resorts International
7D
-6.8%
1Y
45.5%
SGHC
US$12.87
Super Group (SGHC)
7D
-1.1%
1Y
39.4%
Narrative Update • Jun 04

SGHC: Betting Handle Stabilization And Prediction Markets Will Support 2026 Confidence

Analysts have lifted their fair value estimate for Super Group (SGHC) to $18.13 from $17.38, citing updated models that reflect recent Q1 earnings, improving sentiment around betting handle trends, and early traction in prediction markets and market-making. Analyst Commentary Bullish Takeaways Bullish analysts see the higher fair value and the recent price target increase to $17 as aligned with updated Q1 models that now factor in current betting handle trends.
DKNG
US$24.78
DraftKings
7D
-5.9%
1Y
-31.5%
FLUT
US$104.95
Flutter Entertainment
7D
0.6%
1Y
-60.2%
PENN
US$19.17
PENN Entertainment
7D
-5.3%
1Y
16.3%
Narrative Update • Jun 02

PENN: Management Credibility Concerns Will Restrain Free Cash Flow Repricing

Analysts have increased their average price target on PENN Entertainment by $1, citing updated models that incorporate slightly higher revenue growth, modestly stronger profit margins, and a marginally lower future P/E assumption based on recent updates from several major firms. Analyst Commentary Recent research on PENN Entertainment reflects a mix of optimism and caution, with several firms revisiting their models and adjusting price targets following the latest company updates and quarterly results.
CHDN
US$86.84
Churchill Downs
7D
-3.3%
1Y
-12.8%
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
MCRI
US$122.65
Monarch Casino & Resort
7D
1.0%
1Y
44.6%
SBET
US$5.52
Sharplink
7D
-10.8%
1Y
-81.2%
MLCO
US$5.95
Melco Resorts & Entertainment
7D
1.9%
1Y
-3.3%
Seeking Alpha • May 03

Melco Resorts: Q1 2026 Earnings Confirms Our Bullish Case

Summary Melco Resorts & Entertainment maintains cost discipline and premium positioning, driving resilient margins amid intense Macau competition. MLCO's 1Q26 adjusted property EBITDA margins rose to 27.4%, with 16% YoY EBITDA growth in Macau, supporting a 5% share price pop post-earnings. The upcoming 2H26 launch of the REM hotel positions MLCO as the only operator with new premium capacity, expected to catalyze earnings and market share gains. Trading at 6.5x forward EV/EBITDA, MLCO offers 48% upside to a 9.8x target multiple; Buy rating maintained, with risks from slower GGR growth and new property execution. Read the full article on Seeking Alpha