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U.S. Casinos and Gaming Industry Analysis

UpdatedMay 29, 2026
DataAggregated Company Financials
Companies42
  • 7D2.0%
  • 3M-1.6%
  • 1Y-23.2%
  • YTDn/a

The Casinos and Gaming industry is up 2.0% in the last week, with MGM Resorts International up 14%. However, the industry is down 23% over the past year. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 29 May 2026US$121.0bUS$94.6bUS$597.3m30.7x202.6x1.3x
Sun, 26 Apr 2026US$124.4bUS$93.6bUS$1.4b29.3x88.3x1.3x
Tue, 24 Mar 2026US$121.4bUS$92.7bUS$1.6b23.4x76.8x1.3x
Thu, 19 Feb 2026US$122.5bUS$91.3bUS$2.3b24.3x52.9x1.3x
Sat, 17 Jan 2026US$153.6bUS$89.5bUS$2.1b23.8x73.3x1.7x
Mon, 15 Dec 2025US$163.1bUS$89.6bUS$2.1b26.7x77.7x1.8x
Wed, 12 Nov 2025US$166.6bUS$92.2bUS$2.8b28x59x1.8x
Fri, 10 Oct 2025US$166.1bUS$90.9bUS$2.5b25.2x66.9x1.8x
Sun, 07 Sep 2025US$186.7bUS$90.9bUS$2.5b27.5x75.1x2.1x
Tue, 05 Aug 2025US$189.2bUS$91.4bUS$2.9b25x64.4x2.1x
Thu, 03 Jul 2025US$180.3bUS$90.6bUS$3.0b25.4x60.6x2x
Sat, 31 May 2025US$160.0bUS$91.6bUS$3.0b22.4x52.8x1.7x
Mon, 28 Apr 2025US$145.9bUS$86.5bUS$2.6b24x57.1x1.7x
Wed, 26 Mar 2025US$160.3bUS$86.2bUS$2.6b24.6x62.2x1.9x
Fri, 21 Feb 2025US$184.0bUS$87.9bUS$1.2b23.9x156.2x2.1x
Sun, 19 Jan 2025US$166.7bUS$87.5bUS$1.4b22.5x120.5x1.9x
Tue, 17 Dec 2024US$180.1bUS$87.7bUS$1.4b24.1x132.6x2.1x
Thu, 14 Nov 2024US$174.2bUS$87.8bUS$1.4b24x128.4x2x
Sat, 12 Oct 2024US$171.2bUS$89.0bUS$411.1m24.2x416.5x1.9x
Mon, 09 Sep 2024US$154.3bUS$89.0bUS$411.0m19.5x375.4x1.7x
Wed, 07 Aug 2024US$142.2bUS$88.3bUS$361.2m17.8x393.7x1.6x
Fri, 05 Jul 2024US$156.1bUS$87.2bUS$1.3b15.2x124.8x1.8x
Sun, 02 Jun 2024US$120.4bUS$74.9bUS$2.6b15.1x46.7x1.6x
Tue, 30 Apr 2024US$123.4bUS$73.8bUS$3.3b14.6x37.1x1.7x
Thu, 28 Mar 2024US$137.3bUS$73.1bUS$3.2b17.1x43.2x1.9x
Sat, 24 Feb 2024US$136.0bUS$72.7bUS$2.9b14.1x46.7x1.9x
Mon, 22 Jan 2024US$129.6bUS$69.8bUS$2.2b14.6x58.1x1.9x
Wed, 20 Dec 2023US$133.1bUS$69.8bUS$2.2b15.1x59.7x1.9x
Fri, 17 Nov 2023US$129.1bUS$69.8bUS$2.2b14x58x1.8x
Sun, 15 Oct 2023US$118.2bUS$66.4bUS$1.4b15.9x86.7x1.8x
Tue, 12 Sep 2023US$131.0bUS$66.5bUS$1.4b17.6x96.2x2x
Thu, 10 Aug 2023US$134.2bUS$66.4bUS$1.5b21x86.7x2x
Sat, 08 Jul 2023US$129.9bUS$62.7bUS$1.5b13.3x85.7x2.1x
Mon, 05 Jun 2023US$135.4bUS$62.7bUS$1.4b13.5x93.5x2.2x
Price to Earnings Ratio

93.5x


Total Market Cap: US$135.4bTotal Earnings: US$1.4bTotal Revenue: US$62.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Casinos and Gaming Industry Price to Earnings3Y Average 112.9x202420252026
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 203x which is higher than its 3-year average PE of 113x.
  • 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 Market1.83%
Consumer Discretionary2.66%
Hospitality2.26%
Casinos and Gaming2.02%
Hotels, Resorts and Cruise Lines4.18%
Leisure Facilities2.92%
Restaurants-0.17%
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
MGM MGM Resorts InternationalUS$42.9314.0%
+US$1.3b		35.3%PE58.5x
LVS Las Vegas SandsUS$51.113.4%
+US$1.1b		24.0%PE18.4x
PENN PENN EntertainmentUS$19.4416.4%
+US$348.3m		28.7%PS0.3x
WYNN Wynn ResortsUS$101.543.0%
+US$306.8m		11.9%PE27.7x
BYD Boyd GamingUS$83.214.5%
+US$264.6m		10.8%PE3.4x

Latest News

CZR
US$29.08
Caesars Entertainment
7D
4.2%
1Y
6.6%
LVS
US$51.11
Las Vegas Sands
7D
3.4%
1Y
24.0%
SBET
US$6.08
Sharplink
7D
-6.2%
1Y
-92.3%
MGM
US$42.93
MGM Resorts International
7D
14.0%
1Y
35.3%
Seeking Alpha • May 28

MGM Resorts: Finally, Las Vegas Tourism Is Stabilizing

Summary MGM Resorts International was upgraded to Overweight by JPMorgan, which outlined stabilizing trends in Las Vegas. Data from early 2026 indeed shows an improvement in Las Vegas tourism trends. I believe that the improvement should be extrapolated cautiously. MGM's other segments have grown well, but with weakening profitability. I estimate MGM stock to have 14% upside to $47.6. Read the full article on Seeking Alpha
FLUT
US$95.58
Flutter Entertainment
7D
-1.6%
1Y
-61.7%
Seeking Alpha • May 28

Flutter Entertainment: Attractive Entry Point

Summary Flutter's Q1 revenue increased 17% year-over-year to $4.3 billion, supported by strong iGaming growth (+28%) and acquisitions. International EBITDA reached $587 million, helping offset weaker U.S. performance and providing diversification benefits. Management expects margin improvement through product integration, loyalty initiatives, cost efficiencies, and a unified FanDuel platform. The 2026 FIFA World Cup, NFL season, and broader iGaming expansion could act as meaningful catalysts for growth and sentiment recovery. We like the FLUT's capital allocation priorities. With this sell-off, Flutter trades well below its historical average. We initiated coverage with a buy rating. Read the full article on Seeking Alpha
SGHC
US$12.76
Super Group (SGHC)
7D
-5.5%
1Y
45.8%
CHDN
US$88.43
Churchill Downs
7D
3.4%
1Y
-6.9%
SEGG
US$1.64
Sports Entertainment Gaming Global
7D
-18.8%
1Y
-90.6%
DKNG
US$24.53
DraftKings
7D
-3.4%
1Y
-31.1%
BYD
US$83.21
Boyd Gaming
7D
4.5%
1Y
10.8%
RSI
US$26.37
Rush Street Interactive
7D
-3.8%
1Y
105.2%
WYNN
US$101.54
Wynn Resorts
7D
3.0%
1Y
11.9%
Narrative Update • May 21

WYNN: Free Cash Flow Story And Al Marjan Opening Will Support Upside

Analysts have reduced the fair value estimate for Wynn Resorts to $135.89 from $140.61, as a series of lower Street price targets in the $133 to $146 range reflect adjustments to discount rates, revenue growth assumptions, and profit margin expectations. Analyst Commentary Recent research on Wynn Resorts reflects a series of price target trims clustered in the low to mid US$130s and mid US$140s, as analysts refine discount rates, growth assumptions, and margin profiles.
PENN
US$19.44
PENN Entertainment
7D
16.4%
1Y
28.7%
Narrative Update • May 18

PENN: Free Cash Flow And Interactive Break Even Will Guide Measured Outlook

Analysts have inched their average price targets on PENN Entertainment higher by low single digit dollar amounts, pointing to improving free cash flow expectations and early progress toward break-even in the interactive business as key supports for the updated valuation assumptions. Analyst Commentary Recent research on PENN Entertainment shows a mix of optimism around free cash flow potential and break-even targets for the interactive segment, alongside ongoing skepticism about execution and management credibility.
FLL
US$2.68
Full House Resorts
7D
-4.6%
1Y
-15.5%
Narrative Update • May 16

FLL: Strong Waukegan Performance Will Underpin Future Upside Despite Chamonix Ramp Challenges

Analysts recently trimmed their price target on Full House Resorts stock to $4 from $5, citing a slower than hoped ramp at Chamonix, even as the temporary Waukegan casino continues to perform strongly. Analyst Commentary Recent research reflects a more cautious stance on Full House Resorts, with the price target adjusted to US$4 from US$5.
RRR
US$57.78
Red Rock Resorts
7D
8.3%
1Y
18.3%
MSC
US$2.34
Studio City International Holdings
7D
-5.5%
1Y
-19.2%