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U.S. Casinos and Gaming Industry Analysis

UpdatedAug 18, 2026
DataAggregated Company Financials
Companies44
  • 7D1.7%
  • 3M3.1%
  • 1Y-37.6%
  • YTDn/a

In the last week, the Casinos and Gaming industry is up 1.7%, with DraftKings up 4.2%. During this same period, the Bally's underperformed, falling 21%. In contrast, the industry has lost 38% in the last 12 months. As for the next few years, earnings are expected to grow by 32% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Aug 2026US$89.1bUS$81.6bUS$120.7m19.3x737.7x1.1x
Thu, 16 Jul 2026US$124.2bUS$94.6bUS$595.2m32x208.7x1.3x
Sat, 13 Jun 2026US$131.1bUS$94.6bUS$595.9m32.5x220x1.4x
Mon, 11 May 2026US$123.2bUS$94.4bUS$1.3b30.6x92.1x1.3x
Wed, 08 Apr 2026US$122.4bUS$92.8bUS$1.3b22.6x93.2x1.3x
Fri, 06 Mar 2026US$126.8bUS$92.7bUS$2.3b23.7x54.9x1.4x
Sun, 01 Feb 2026US$133.0bUS$90.3bUS$2.2b21.7x61.4x1.5x
Tue, 30 Dec 2025US$161.9bUS$89.6bUS$2.1b27.4x77.2x1.8x
Thu, 27 Nov 2025US$154.9bUS$89.5bUS$2.1b26.8x73.8x1.7x
Sat, 25 Oct 2025US$169.8bUS$91.6bUS$3.9b25.4x43.4x1.9x
Mon, 22 Sep 2025US$181.8bUS$90.9bUS$2.5b26.5x73.1x2x
Wed, 20 Aug 2025US$185.3bUS$90.6bUS$2.5b26.5x74.9x2x
Fri, 18 Jul 2025US$188.5bUS$90.6bUS$3.0b25.5x63.3x2.1x
Sun, 15 Jun 2025US$162.2bUS$91.7bUS$3.0b22.1x53.4x1.8x
Tue, 13 May 2025US$155.0bUS$89.2bUS$3.5b23.3x44.3x1.7x
Thu, 10 Apr 2025US$132.2bUS$86.4bUS$2.7b23.5x48.7x1.5x
Sat, 08 Mar 2025US$163.7bUS$86.7bUS$2.6b22.3x63.4x1.9x
Mon, 03 Feb 2025US$172.9bUS$87.5bUS$1.3b23x130.3x2x
Wed, 01 Jan 2025US$168.8bUS$87.6bUS$1.4b23.9x122x1.9x
Fri, 29 Nov 2024US$180.7bUS$87.7bUS$1.4b24.8x132.8x2.1x
Sun, 27 Oct 2024US$170.0bUS$89.0bUS$307.9m24.6x552.1x1.9x
Tue, 24 Sep 2024US$165.0bUS$89.1bUS$411.0m20.4x401.4x1.9x
Thu, 22 Aug 2024US$154.8bUS$89.1bUS$425.5m19.5x363.8x1.7x
Sat, 20 Jul 2024US$156.4bUS$87.2bUS$1.3b15.9x125x1.8x
Mon, 17 Jun 2024US$120.2bUS$74.9bUS$2.6b15.1x46.6x1.6x
Wed, 15 May 2024US$126.3bUS$75.2bUS$2.6b15.2x49.1x1.7x
Fri, 12 Apr 2024US$135.2bUS$73.1bUS$3.2b16.5x42.8x1.8x
Sun, 10 Mar 2024US$133.1bUS$73.0bUS$3.1b14.2x43.2x1.8x
Tue, 06 Feb 2024US$133.8bUS$71.6bUS$2.8b14.5x48.2x1.9x
Thu, 04 Jan 2024US$128.2bUS$69.8bUS$2.2b14.2x57.5x1.8x
Sat, 02 Dec 2023US$125.8bUS$69.8bUS$2.2b14.2x56.4x1.8x
Mon, 30 Oct 2023US$114.6bUS$68.4bUS$1.9b15.2x59.5x1.7x
Wed, 27 Sep 2023US$121.1bUS$66.4bUS$1.4b16.7x88.9x1.8x
Fri, 25 Aug 2023US$132.2bUS$66.5bUS$1.4b17.7x97x2x
Price to Earnings Ratio

97x


Total Market Cap: US$132.2bTotal Earnings: US$1.4bTotal Revenue: US$66.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Casinos and Gaming Industry Price to Earnings3Y Average 132.8x202420252026
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 738x which is higher than its 3-year average PE of 133x.
  • The 3-year average PS ratio of 1.7x 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 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 Market0.11%
Consumer Discretionary-3.25%
Hospitality0.85%
Casinos and Gaming1.65%
Leisure Facilities4.49%
Restaurants3.22%
Hotels, Resorts and Cruise Lines-1.20%
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$25.304.2%
+US$511.3m		-44.6%PS2x
FLUT Flutter EntertainmentUS$96.392.2%
+US$367.9m		-67.2%PS1x
CHDN Churchill DownsUS$89.703.9%
+US$232.1m		-13.0%PE15.2x
RRR Red Rock ResortsUS$63.213.1%
+US$111.2m		6.2%PE21.7x
MGM MGM Resorts InternationalUS$43.781.0%
+US$105.7m		21.0%PE26x

Latest News

PENN
US$18.65
PENN Entertainment
7D
-1.1%
1Y
-0.1%
DKNG
US$25.30
DraftKings
7D
4.2%
1Y
-44.6%
BYD
US$82.77
Boyd Gaming
7D
1.6%
1Y
-0.4%
ROLR
US$5.72
High Roller Technologies
7D
-14.2%
1Y
116.7%
CZR
US$29.66
Caesars Entertainment
7D
-1.4%
1Y
15.5%
BALY
US$10.31
Bally's
7D
-20.8%
1Y
7.2%
MGM
US$43.78
MGM Resorts International
7D
1.0%
1Y
21.0%
Narrative Update • Aug 13

MGM: Takeover Bid And Osaka Project Will Shape Future Upside Potential

Analysts have lifted the fair value estimate for MGM Resorts International to $50.57 from $49.24, citing a series of higher price targets in the $43 to $55 range and updated views on U.S. gaming trends, potential M&A activity, and longer term optionality in Japan. Analyst Commentary Recent research on MGM Resorts International points to a wide range of views on valuation, execution risk, and growth options.
SRAD
US$13.13
Sportradar Group
7D
-1.6%
1Y
-58.0%
Narrative Update • Aug 13

SRAD: Prediction Market And Gaming Deals Will Support 2027 Reacceleration

Sportradar Group's updated analyst price target has moved lower to $18.50 from $21.38 as analysts factor in softer Q2 revenue and EBITDA, reduced 2026 guidance, and a less supportive outlook for U.S. online sports betting and prediction market deal timing. Analyst Commentary Recent Street research on Sportradar Group reflects a wide range of opinions on the stock's risk and reward, with most firms cutting price targets but differing on how much weight to place on current execution issues versus longer term growth opportunities in sports data and prediction markets.
BRSL
US$11.57
Brightstar Lottery
7D
5.2%
1Y
-24.9%
Analysis Article • Aug 12

Concerns Surrounding Brightstar Lottery's (NYSE:BRSL) Performance

The market for Brightstar Lottery PLC's ( NYSE:BRSL ) stock was strong after it released a healthy earnings report last...
RRR
US$63.21
Red Rock Resorts
7D
3.1%
1Y
6.2%
FLL
US$2.18
Full House Resorts
7D
-11.7%
1Y
-39.3%
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...
FLUT
US$96.39
Flutter Entertainment
7D
2.2%
1Y
-67.2%
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.
RSI
US$25.45
Rush Street Interactive
7D
3.0%
1Y
27.2%
INSE
US$6.03
Inspired Entertainment
7D
-1.3%
1Y
-28.5%
CHDN
US$89.70
Churchill Downs
7D
3.9%
1Y
-13.0%
LVS
US$45.43
Las Vegas Sands
7D
-0.07%
1Y
-14.0%
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.