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U.S. Casinos and Gaming Industry Analysis

UpdatedAug 13, 2026
DataAggregated Company Financials
Companies44
  • 7D2.3%
  • 3M5.1%
  • 1Y-36.4%
  • YTDn/a

Over the last 7 days, the Casinos and Gaming industry has risen 2.3%, driven by gains from DraftKings of 17%. During this same period, the Rush Street Interactive underperformed, falling 6.3%. In the past year, the industry is down 36%. 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
Thu, 13 Aug 2026US$87.2bUS$81.5bUS$50.3m18.6x1733.6x1.1x
Sat, 11 Jul 2026US$126.2bUS$94.6bUS$594.9m32.4x212.2x1.3x
Mon, 08 Jun 2026US$123.5bUS$94.6bUS$595.6m31x207.3x1.3x
Wed, 06 May 2026US$121.7bUS$93.4bUS$1.4b31x87.2x1.3x
Fri, 03 Apr 2026US$121.7bUS$92.8bUS$1.3b23.3x92.7x1.3x
Sun, 01 Mar 2026US$124.2bUS$92.4bUS$2.2b23.4x55.7x1.3x
Tue, 27 Jan 2026US$142.7bUS$89.6bUS$2.1b23.9x68x1.6x
Thu, 25 Dec 2025US$162.3bUS$89.6bUS$2.1b27.4x77.4x1.8x
Sat, 22 Nov 2025US$154.2bUS$92.7bUS$2.5b26.2x61.8x1.7x
Mon, 20 Oct 2025US$161.4bUS$90.9bUS$2.5b24.6x64.9x1.8x
Wed, 17 Sep 2025US$180.2bUS$90.9bUS$2.5b26.1x72.4x2x
Fri, 15 Aug 2025US$184.8bUS$90.6bUS$2.6b26.7x71.7x2x
Sun, 13 Jul 2025US$181.6bUS$90.6bUS$3.0b25.7x61x2x
Tue, 10 Jun 2025US$161.7bUS$91.7bUS$3.0b22.8x53.3x1.8x
Thu, 08 May 2025US$150.4bUS$86.7bUS$2.6b23.3x58.6x1.7x
Sat, 05 Apr 2025US$140.2bUS$86.2bUS$2.6b21.6x54.1x1.6x
Mon, 03 Mar 2025US$174.1bUS$86.4bUS$1.5b24.4x114.9x2x
Wed, 29 Jan 2025US$168.7bUS$87.6bUS$1.4b22.5x121.9x1.9x
Fri, 27 Dec 2024US$171.3bUS$87.7bUS$1.4b23.7x126.6x2x
Sun, 24 Nov 2024US$179.7bUS$87.7bUS$1.4b24.2x132.4x2x
Tue, 22 Oct 2024US$170.7bUS$89.0bUS$411.2m23.4x415.1x1.9x
Thu, 19 Sep 2024US$163.9bUS$89.0bUS$411.0m20.4x398.7x1.8x
Sat, 17 Aug 2024US$154.2bUS$89.0bUS$427.6m19.3x360.6x1.7x
Mon, 15 Jul 2024US$162.2bUS$87.2bUS$1.3b16.2x129.6x1.9x
Wed, 12 Jun 2024US$121.9bUS$74.9bUS$2.6b15x47.3x1.6x
Fri, 10 May 2024US$124.7bUS$74.8bUS$2.5b15.5x50.6x1.7x
Sun, 07 Apr 2024US$138.0bUS$73.1bUS$3.2b16.6x43.7x1.9x
Tue, 05 Mar 2024US$133.8bUS$72.9bUS$3.0b14.9x44.7x1.8x
Thu, 01 Feb 2024US$132.4bUS$71.6bUS$2.8b14.3x47.7x1.8x
Sat, 30 Dec 2023US$132.1bUS$69.8bUS$2.2b14.7x59.2x1.9x
Mon, 27 Nov 2023US$129.9bUS$69.8bUS$2.2b14.1x58.3x1.9x
Wed, 25 Oct 2023US$117.6bUS$68.2bUS$1.9b15.9x60.5x1.7x
Fri, 22 Sep 2023US$123.9bUS$66.4bUS$1.4b16.8x90.9x1.9x
Sun, 20 Aug 2023US$127.1bUS$66.5bUS$1.4b16.7x94x1.9x
Price to Earnings Ratio

94x


Total Market Cap: US$127.1bTotal 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 126.5x202420252026
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 127x.
  • 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 67% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.0% 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 Market1.02%
Consumer Discretionary-1.05%
Hospitality1.16%
Casinos and Gaming2.27%
Hotels, Resorts and Cruise Lines1.71%
Restaurants0.34%
Leisure Facilities-2.92%
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$25.5117.2%
+US$1.9b		-40.9%PS2x
FLUT Flutter EntertainmentUS$98.085.6%
+US$897.2m		-66.6%PS1x
CHDN Churchill DownsUS$88.532.5%
+US$147.8m		-14.5%PE15x
RRR Red Rock ResortsUS$63.093.5%
+US$127.3m		3.6%PE21.6x
WYNN Wynn ResortsUS$102.971.8%
+US$102.4m		-7.9%PE23.3x

Latest News

PENN
US$19.17
PENN Entertainment
7D
-2.3%
1Y
7.7%
Narrative Update • Aug 12

PENN: Regional Casino Momentum And Digital Uncertainty Will Shape Future Free Cash Flow

Analysts have nudged their fair value estimate for PENN Entertainment higher to about $18, reflecting a series of recent price target increases into the low to high $20s. They highlight regional gaming strength, progress on growth projects and a more constructive earnings outlook.
RRR
US$63.09
Red Rock Resorts
7D
3.5%
1Y
3.6%
GENI
US$7.65
Genius Sports
7D
-8.2%
1Y
-40.8%
DKNG
US$25.51
DraftKings
7D
17.2%
1Y
-40.9%
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$12.99
Sportradar Group
7D
2.7%
1Y
-57.9%
SGHC
US$12.81
Super Group (SGHC)
7D
-2.3%
1Y
10.8%
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$98.08
Flutter Entertainment
7D
5.6%
1Y
-66.6%
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$102.97
Wynn Resorts
7D
1.8%
1Y
-7.9%
MSC
US$1.74
Studio City International Holdings
7D
2.4%
1Y
-62.6%
RSI
US$24.28
Rush Street Interactive
7D
-6.3%
1Y
26.5%
CHDN
US$88.53
Churchill Downs
7D
2.5%
1Y
-14.5%
MGM
US$43.98
MGM Resorts International
7D
-1.2%
1Y
20.7%
CZR
US$29.63
Caesars Entertainment
7D
-1.6%
1Y
15.1%
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$82.98
Boyd Gaming
7D
-1.6%
1Y
-1.6%
LVS
US$45.68
Las Vegas Sands
7D
-0.4%
1Y
-15.9%
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.
MCRI
US$123.86
Monarch Casino & Resort
7D
1.8%
1Y
22.5%
Seeking Alpha • Jul 24

Monarch Casino: Hotels Are Carrying The Crown (Rating Upgrade)

Summary Monarch Casino delivered a 6% EPS beat, with hotel segment growth and robust cash generation, despite a 5% stock pullback post-earnings. MCRI's hotel revenue rose 13% YoY, now over 15% of total revenue, driven by regional visitation trends and recent property renovations. Adjusted EBITDA margin dipped 30 bps to ~37%, mainly due to higher F&B costs and wage inflation, but SG&A remains well-controlled. I upgrade to a moderate 'Buy,' targeting $125 short-term and $140–$150 medium-term, citing strong EPS growth and M&A optionality. Read the full article on Seeking Alpha