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U.S. Casinos and Gaming Industry Analysis

UpdatedSep 02, 2026
DataAggregated Company Financials
Companies42
  • 7D-4.9%
  • 3M-5.2%
  • 1Y-41.4%
  • YTDn/a

Over the last 7 days, the Casinos and Gaming industry has dropped 4.9%, driven by a pullback from Las Vegas Sands of 7.3%. However, the industry is down 41% over the past year. Earnings are forecast to grow by 33% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 03 Sep 2026US$85.2bUS$81.6bUS$120.8m18.7x705.3x1x
Sat, 01 Aug 2026US$90.0bUS$81.2b-US$986,300,247.5729x-91.3x1.1x
Mon, 29 Jun 2026US$125.9bUS$94.6bUS$594.7m31.7x211.7x1.3x
Wed, 27 May 2026US$118.9bUS$94.6bUS$597.1m30.7x199.1x1.3x
Fri, 24 Apr 2026US$124.2bUS$93.5bUS$1.5b28.7x81.2x1.3x
Sun, 22 Mar 2026US$121.2bUS$92.7bUS$1.6b22.9x76.7x1.3x
Tue, 17 Feb 2026US$121.3bUS$91.2bUS$2.6b23.6x47x1.3x
Thu, 15 Jan 2026US$151.8bUS$89.5bUS$2.1b23.9x72.5x1.7x
Sat, 13 Dec 2025US$162.9bUS$89.6bUS$2.1b26.7x77.6x1.8x
Mon, 10 Nov 2025US$162.9bUS$92.2bUS$2.8b26.8x57.6x1.8x
Wed, 08 Oct 2025US$168.4bUS$90.9bUS$2.5b25.2x67.8x1.9x
Fri, 05 Sep 2025US$188.5bUS$90.6bUS$2.5b27.5x76.1x2.1x
Sun, 03 Aug 2025US$189.2bUS$91.4bUS$2.9b25.1x64.4x2.1x
Tue, 01 Jul 2025US$177.6bUS$91.7bUS$3.0b23.9x58.5x1.9x
Thu, 29 May 2025US$160.0bUS$91.6bUS$3.0b22.4x52.9x1.7x
Sat, 26 Apr 2025US$145.1bUS$86.5bUS$2.6b24x56.8x1.7x
Mon, 24 Mar 2025US$157.6bUS$86.2bUS$2.6b24.1x61.2x1.8x
Wed, 19 Feb 2025US$186.9bUS$87.8bUS$1.2b23.9x160.5x2.1x
Fri, 17 Jan 2025US$164.4bUS$87.5bUS$1.4b22.4x118.8x1.9x
Sun, 15 Dec 2024US$180.1bUS$87.7bUS$1.4b24.3x132.6x2.1x
Tue, 12 Nov 2024US$173.8bUS$87.0bUS$1.3b24x133.8x2x
Thu, 10 Oct 2024US$169.7bUS$89.0bUS$411.1m23.8x412.9x1.9x
Sat, 07 Sep 2024US$154.3bUS$89.0bUS$411.0m19.5x375.4x1.7x
Mon, 05 Aug 2024US$146.3bUS$88.2bUS$361.1m17.7x405.1x1.7x
Wed, 03 Jul 2024US$154.5bUS$87.2bUS$1.3b15x123.5x1.8x
Fri, 31 May 2024US$117.7bUS$74.9bUS$2.6b15x45.7x1.6x
Sun, 28 Apr 2024US$124.4bUS$74.0bUS$3.3b14.5x37.6x1.7x
Tue, 26 Mar 2024US$135.2bUS$73.1bUS$3.2b16.7x42.6x1.8x
Thu, 22 Feb 2024US$134.0bUS$72.6bUS$2.6b14x50.9x1.8x
Sat, 20 Jan 2024US$131.1bUS$69.8bUS$2.2b14.6x58.8x1.9x
Mon, 18 Dec 2023US$129.2bUS$69.8bUS$2.2b14.8x58x1.9x
Wed, 15 Nov 2023US$124.4bUS$69.8bUS$2.2b14x55.9x1.8x
Fri, 13 Oct 2023US$123.5bUS$66.4bUS$1.4b16.3x90.7x1.9x
Sun, 10 Sep 2023US$130.8bUS$66.4bUS$1.4b17.8x96x2x
Price to Earnings Ratio

96x


Total Market Cap: US$130.8bTotal Earnings: US$1.4bTotal Revenue: US$66.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Casinos and Gaming Industry Price to Earnings3Y Average 141.9x202420252026
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 705x which is higher than its 3-year average PE of 141x.
  • The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.0x.
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 Market-0.92%
Consumer Discretionary-2.62%
Hospitality-5.57%
Casinos and Gaming-4.90%
Restaurants-3.65%
Hotels, Resorts and Cruise Lines-7.17%
Leisure Facilities-7.18%
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
FLUT Flutter EntertainmentUS$101.984.0%
+US$680.3m		-65.4%PS1x
CHDN Churchill DownsUS$89.181.8%
+US$112.2m		-12.2%PE15.1x
BALY Bally'sUS$9.888.7%
+US$39.9m		0.4%PS0.2x
CZR Caesars EntertainmentUS$29.700.1%
+US$7.5m		19.3%PS0.5x
CPHC Canterbury Park HoldingUS$15.910.3%
+US$207.3k		-3.9%PE693.1x

Latest News

RRR
US$56.84
Red Rock Resorts
7D
-4.7%
1Y
-8.2%
LVS
US$44.54
Las Vegas Sands
7D
-3.7%
1Y
-19.6%
DKNG
US$24.21
DraftKings
7D
-2.3%
1Y
-49.2%
CZR
US$29.70
Caesars Entertainment
7D
0.1%
1Y
19.3%
PENN
US$16.89
PENN Entertainment
7D
-5.4%
1Y
-13.9%
Narrative Update • Aug 26

PENN: Regional Casino Projects And Conversions Will Drive Future Upside Potential

Analysts have lifted the fair value estimate for PENN Entertainment from $22.32 to $24.39, citing a series of higher price targets across the Street that reflect updated views on regional casino trends, recent earnings beats and company specific growth projects. Analyst Commentary Recent research on PENN Entertainment shows a mix of optimism and caution as analysts reassess the stock after company updates and sector previews.
MCRI
US$118.57
Monarch Casino & Resort
7D
-4.5%
1Y
16.0%
FLUT
US$101.98
Flutter Entertainment
7D
4.0%
1Y
-65.4%
Narrative Update • Aug 23

FLUT: World Cup Cohorts And Prediction Markets Will Drive Bullish Reappraisal

Flutter Entertainment's updated analyst price target has been reduced in line with a lower fair value estimate of $245.75, as analysts factor in softer projected revenue growth, slimmer profit margins and a higher future P/E multiple following mixed Q2 results and increased competition, particularly around prediction markets and U.S. promotions. Analyst Commentary Recent research on Flutter Entertainment paints a mixed but generally constructive picture, with many bullish analysts focusing on valuation support, execution under new leadership and the potential payoff from current marketing and product investments.
MGM
US$41.44
MGM Resorts International
7D
-4.6%
1Y
8.7%
Seeking Alpha • Aug 21

MGM Resorts International Is Worth Betting On

Summary MGM Resorts International remains a Buy due to attractive valuation and strong balance sheet despite recent underperformance versus the S&P 500. MGM's growth is driven by MGM China and MGM Digital, while Las Vegas and regional operations face near-term headwinds from weak visitation and consumer sentiment. Management is investing in long-term growth, including the MGM Osaka resort in Japan and expanding digital and sports-betting platforms. MGM stock trades at low cash flow and EV/EBITDA multiples relative to peers, with a net leverage ratio of 1.57, reinforcing its investment appeal. Read the full article on Seeking Alpha
WYNN
US$91.52
Wynn Resorts
7D
-5.8%
1Y
-27.1%
Narrative Update • Aug 20

WYNN: Al Marjan Opening And UAE Optionality Will Drive Future Upside

Wynn Resorts' updated fair value estimate now sits near $132.58 per share. This modest adjustment reflects analysts raising price targets toward the mid $130s on the back of a solid Q2 report, slightly higher modeled revenue growth, and a richer future P/E assumption that is partly offset by a lower profit margin outlook and a marginally higher discount rate.
CHDN
US$89.18
Churchill Downs
7D
1.8%
1Y
-12.2%
Seeking Alpha • Aug 20

Churchill Downs: Wall Street Continues To Underestimate The Kentucky Derby Empire

Summary Churchill Downs is evolving beyond horse racing, building a diversified gaming ecosystem anchored by valuable licenses, historical racing machines, and wagering technologies. Q2 2026 results set company records, with revenue up 5% to $980M and adjusted EBITDA up 6% to $477M, showcasing operational leverage. Earnings growth outpaced revenue, with adjusted diluted EPS rising 11% to $3.45, indicating improved margin conversion and management execution. The Live and Historical Racing segment delivered $575M in revenue and a 55% adjusted EBITDA margin, highlighting the strength of CHDN’s core assets. Read the full article on Seeking Alpha
BALY
US$9.88
Bally's
7D
8.7%
1Y
0.4%
Seeking Alpha • Aug 19

Bally's: Not The Bet To Make Now, Despite Top Line Growth In Q2

Summary Bally's (BALY) receives a sell rating due to deteriorating cashflow, high leverage, and a recent going concern warning. BALY's persistent unprofitability, negative operating cashflow, and Fitch's B- rating highlight severe balance sheet and liquidity risks. The company also has a huge commitment with its new Chicago casino project. Despite robust top-line growth and portfolio expansion, BALY underperforms peers in ROE and profit margin, with no near-term recovery catalyst in sight. Valuation appears cheap on price/sales and price/book, but market skepticism persists until BALY demonstrates sustainable cashflow and reduced debt. Majority ownership by a privately held investment firm, Standard General, could be both a potential lifeline or could create over-reliance on decisions by this firm at the board level. Read the full article on Seeking Alpha
BYD
US$76.70
Boyd Gaming
7D
-4.9%
1Y
-10.1%
CPHC
US$15.91
Canterbury Park Holding
7D
0.3%
1Y
-3.9%