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U.S. Casinos and Gaming Industry Analysis

UpdatedAug 11, 2026
DataAggregated Company Financials
Companies45
  • 7D-3.2%
  • 3M3.2%
  • 1Y-34.8%
  • YTDn/a

Over the last 7 days, the Casinos and Gaming industry has dropped 3.2%, driven by Flutter Entertainment declining 11%. However, the industry is down 35% over the past year. Looking forward, earnings are forecast to grow by 32% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 11 Aug 2026US$86.0bUS$81.5bUS$50.3m18.4x1708.9x1.1x
Thu, 09 Jul 2026US$126.4bUS$94.6bUS$594.9m33.1x212.5x1.3x
Sat, 06 Jun 2026US$124.7bUS$94.6bUS$595.6m31x209.3x1.3x
Mon, 04 May 2026US$124.2bUS$93.4bUS$1.4b30.2x90.2x1.3x
Wed, 01 Apr 2026US$117.1bUS$92.8bUS$1.3b23.7x89.2x1.3x
Fri, 27 Feb 2026US$123.7bUS$91.5bUS$2.3b24.2x53.1x1.4x
Sun, 25 Jan 2026US$142.4bUS$89.6bUS$2.1b23.8x67.9x1.6x
Tue, 23 Dec 2025US$163.4bUS$89.6bUS$2.1b27.8x78x1.8x
Thu, 20 Nov 2025US$156.9bUS$92.7bUS$2.5b27x62.9x1.7x
Sat, 18 Oct 2025US$162.9bUS$90.9bUS$2.5b24.6x65.5x1.8x
Mon, 15 Sep 2025US$181.6bUS$90.9bUS$2.5b26.7x73x2x
Wed, 13 Aug 2025US$178.5bUS$90.6bUS$2.6b27x69.3x2x
Fri, 11 Jul 2025US$186.1bUS$90.6bUS$3.0b26.3x62.5x2.1x
Sun, 08 Jun 2025US$161.8bUS$91.7bUS$3.0b22.2x53.3x1.8x
Tue, 06 May 2025US$151.5bUS$86.7bUS$2.5b24.7x59.9x1.7x
Thu, 03 Apr 2025US$145.7bUS$86.2bUS$2.6b23.9x56.2x1.7x
Sat, 01 Mar 2025US$170.6bUS$86.4bUS$1.5b23.9x112.6x2x
Mon, 27 Jan 2025US$167.8bUS$87.6bUS$1.4b22.4x121.1x1.9x
Wed, 25 Dec 2024US$171.2bUS$87.7bUS$1.4b23.8x126.6x2x
Fri, 22 Nov 2024US$176.7bUS$87.7bUS$1.4b24.1x130.1x2x
Sun, 20 Oct 2024US$170.7bUS$89.0bUS$411.2m23.6x415.1x1.9x
Tue, 17 Sep 2024US$159.8bUS$89.0bUS$411.0m20x388.9x1.8x
Thu, 15 Aug 2024US$148.1bUS$89.0bUS$424.9m18.9x348.5x1.7x
Sat, 13 Jul 2024US$159.7bUS$87.2bUS$1.3b16.2x127.6x1.8x
Mon, 10 Jun 2024US$121.7bUS$74.9bUS$2.6b15.1x47.2x1.6x
Wed, 08 May 2024US$125.7bUS$74.7bUS$2.4b14.9x53.2x1.7x
Fri, 05 Apr 2024US$138.2bUS$73.1bUS$3.2b16.6x43.7x1.9x
Sun, 03 Mar 2024US$136.0bUS$72.9bUS$3.0b14.2x45.4x1.9x
Tue, 30 Jan 2024US$131.8bUS$71.6bUS$2.8b14.6x47.5x1.8x
Thu, 28 Dec 2023US$130.9bUS$69.9bUS$2.2b14.8x58.7x1.9x
Sat, 25 Nov 2023US$129.8bUS$69.8bUS$2.2b14.1x58.2x1.9x
Mon, 23 Oct 2023US$116.3bUS$68.2bUS$1.9b15.8x59.8x1.7x
Wed, 20 Sep 2023US$129.1bUS$66.4bUS$1.4b17.4x94.8x1.9x
Fri, 18 Aug 2023US$128.6bUS$66.4bUS$1.6b16.5x78.1x1.9x
Price to Earnings Ratio

78.1x


Total Market Cap: US$128.6bTotal Earnings: US$1.6bTotal Revenue: US$66.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Casinos and Gaming Industry Price to Earnings3Y Average 123.6x202420252026
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 2kx which is higher than its 3-year average PE of 124x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Casinos and Gaming industry have declined 69% 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 Market2.22%
Consumer Discretionary0.29%
Hospitality0.48%
Casinos and Gaming-3.24%
Hotels, Resorts and Cruise Lines3.47%
Restaurants-2.07%
Leisure Facilities-3.64%
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$24.273.3%
+US$389.9m		-43.2%PS1.9x
WYNN Wynn ResortsUS$102.504.2%
+US$340.1m		-5.6%PE23.2x
SRAD Sportradar GroupUS$13.348.1%
+US$295.8m		-52.6%PE200.3x
CHDN Churchill DownsUS$86.373.5%
+US$202.1m		-14.0%PE14.6x
BRSL Brightstar LotteryUS$11.008.8%
+US$160.0m		-26.4%PE10.7x

Latest News

GENI
US$7.56
Genius Sports
7D
6.9%
1Y
-39.6%
DKNG
US$24.27
DraftKings
7D
3.3%
1Y
-43.2%
Seeking Alpha • Aug 10

DraftKings: Despite Prediction Markets, This Company Is Facing Revenue Declines

Summary DraftKings faces existential pressure as prediction markets outpace traditional sportsbook offerings. DKNG remains a "Sell" despite a brief Q2 rebound; shares are down ~30% YTD and trade at a premium. Revenue and EBITDA are declining, with 1H EBITDA at $282 million, well below the FY26 guidance midpoint of $750 million. Competition from Polymarket, Kalshi, and Robinhood’s super app threatens DKNG’s relevance and future growth. Read the full article on Seeking Alpha
SRAD
US$13.34
Sportradar Group
7D
8.1%
1Y
-52.6%
FLL
US$2.47
Full House Resorts
7D
7.9%
1Y
-25.6%
Analysis Article • Aug 09

Full House Resorts, Inc. (NASDAQ:FLL) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year

Investors in Full House Resorts, Inc. ( NASDAQ:FLL ) had a good week, as its shares rose 10.0% to close at US$2.43...
SGHC
US$12.90
Super Group (SGHC)
7D
-5.8%
1Y
19.3%
Seeking Alpha • Aug 09

Super Group Q2: An Expected Beat-And-Raise Report

Summary Super Group Limited reported a beat-and-raise Q2 report. The company benefits from the FIFA World Cup in Q2-Q3, but SGHC's underlying sportsbook momentum was even underwhelming in Q2. The overall SGHC growth story remains on track. I estimate SGHC stock to have 10% upside to $14.3, implying a fair overall risk-to-reward. Read the full article on Seeking Alpha
FLUT
US$94.27
Flutter Entertainment
7D
-11.0%
1Y
-66.9%
Narrative Update • Aug 09

FLUT: Prediction Markets And World Cup Advertising Reset Will Support 2026 Rebound

Flutter Entertainment's updated analyst price target has been trimmed in line with a reset fair value estimate to $144.10 from $157.48, as analysts factor in rebased earnings expectations, higher investment in customer acquisition, and more conservative U.S. growth assumptions following recent Q2 updates and guidance changes. Analyst Commentary Recent Street research on Flutter Entertainment paints a mixed picture, with many analysts trimming price targets after Q2 while still highlighting key strengths and risks that matter for valuation, execution, and longer term growth.
WYNN
US$102.50
Wynn Resorts
7D
4.2%
1Y
-5.6%
RRR
US$61.29
Red Rock Resorts
7D
-6.6%
1Y
7.3%
RSI
US$24.72
Rush Street Interactive
7D
-12.2%
1Y
33.1%
BRSL
US$11.00
Brightstar Lottery
7D
8.8%
1Y
-26.4%
CHDN
US$86.37
Churchill Downs
7D
3.5%
1Y
-14.0%
MGM
US$43.36
MGM Resorts International
7D
-2.6%
1Y
26.1%
CZR
US$30.07
Caesars Entertainment
7D
1.1%
1Y
25.3%
Narrative Update • Aug 05

CZR: Fertitta Cash Bid Will Anchor Shares While Risks And Upside Balance

The analyst fair value estimate for Caesars Entertainment has been revised from $37.93 to $33.26. This change reflects the cluster of downgrades and $31 price targets that analysts link to the pending all-cash acquisition by Fertitta Entertainment.
BYD
US$81.46
Boyd Gaming
7D
-4.0%
1Y
0.02%
LVS
US$45.46
Las Vegas Sands
7D
-3.8%
1Y
-14.3%
Narrative Update • Aug 03

LVS: Macau And Singapore Reset Will Shape Future Capital Returns

Analysts have lowered the average price target for Las Vegas Sands to about $47, down from roughly $56, reflecting a reset in assumptions around fair value following weaker than expected recent results and softer expectations for Macau and Singapore profitability. Analyst Commentary Recent research on Las Vegas Sands points to a more cautious stance, even as many firms keep constructive ratings on the stock.
PENN
US$18.85
PENN Entertainment
7D
-5.7%
1Y
12.2%
Narrative Update • Jul 29

PENN: Mixed Digital Trends Will Limit Free Cash Flow Repricing

The analyst fair value estimate for PENN Entertainment has moved from $16.00 to about $17.02, reflecting broadly higher Street price targets as analysts point to refined focus, recent development projects, expectations for solid regional casino trends, and upcoming earnings. Analyst Commentary Recent research on PENN Entertainment points to a more constructive tone overall, with several firms revising price targets higher and highlighting progress on development projects and regional casino operations.