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U.S. Casinos and Gaming Industry Analysis

UpdatedDec 15, 2025
DataAggregated Company Financials
Companies45
  • 7D3.0%
  • 3M-5.0%
  • 1Y-1.7%
  • YTDn/a

Over the last 7 days, the Casinos and Gaming industry has risen 3.0%, driven by gains from Flutter Entertainment of 2.3%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 37% 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, 16 Dec 2025US$163.1bUS$89.6bUS$2.1b26.7x77.7x1.8x
Thu, 13 Nov 2025US$167.3bUS$92.2bUS$2.8b28.4x59.2x1.8x
Sat, 11 Oct 2025US$164.0bUS$90.9bUS$2.5b24.4x66x1.8x
Mon, 08 Sep 2025US$186.4bUS$90.9bUS$2.5b27.5x75x2.1x
Wed, 06 Aug 2025US$190.6bUS$91.4bUS$3.0b25x63.6x2.1x
Fri, 04 Jul 2025US$181.3bUS$90.6bUS$3.0b25.6x60.9x2x
Sun, 01 Jun 2025US$156.5bUS$91.6bUS$3.0b22.4x51.7x1.7x
Tue, 29 Apr 2025US$145.9bUS$86.5bUS$2.6b24.1x57.1x1.7x
Thu, 27 Mar 2025US$157.2bUS$86.2bUS$2.6b24.8x61x1.8x
Sat, 22 Feb 2025US$174.9bUS$87.9bUS$1.2b23.1x148.5x2x
Mon, 20 Jan 2025US$166.7bUS$87.5bUS$1.4b22.5x120.5x1.9x
Wed, 18 Dec 2024US$177.4bUS$87.7bUS$1.4b23.6x131x2x
Fri, 15 Nov 2024US$176.8bUS$87.7bUS$1.4b23.7x130.4x2x
Sun, 13 Oct 2024US$169.0bUS$89.0bUS$411.1m24.2x410.9x1.9x
Tue, 10 Sep 2024US$156.5bUS$89.0bUS$411.0m19.4x380.8x1.8x
Thu, 08 Aug 2024US$144.1bUS$88.3bUS$346.6m17.8x415.7x1.6x
Sat, 06 Jul 2024US$156.1bUS$87.2bUS$1.3b15.1x124.8x1.8x
Mon, 03 Jun 2024US$120.4bUS$74.9bUS$2.6b15.1x46.7x1.6x
Wed, 01 May 2024US$120.5bUS$73.8bUS$3.3b14.4x36.2x1.6x
Fri, 29 Mar 2024US$137.3bUS$73.1bUS$3.2b17.3x43.5x1.9x
Sun, 25 Feb 2024US$136.0bUS$72.7bUS$2.9b14.1x46.7x1.9x
Tue, 23 Jan 2024US$129.5bUS$69.8bUS$2.2b14.5x58.1x1.9x
Thu, 21 Dec 2023US$133.1bUS$69.8bUS$2.2b14.5x59.7x1.9x
Sat, 18 Nov 2023US$129.1bUS$69.8bUS$2.2b14.1x57.6x1.8x
Mon, 16 Oct 2023US$118.2bUS$66.4bUS$1.3b15.9x88.9x1.8x
Wed, 13 Sep 2023US$131.0bUS$66.4bUS$1.4b17.6x96.1x2x
Fri, 11 Aug 2023US$134.5bUS$66.5bUS$1.6b17.7x84.2x2x
Sun, 09 Jul 2023US$129.9bUS$62.7bUS$1.5b13.3x85.7x2.1x
Tue, 06 Jun 2023US$135.5bUS$62.7bUS$1.4b13.2x93.5x2.2x
Thu, 04 May 2023US$131.2bUS$61.9bUS$580.2m14.4x226.2x2.1x
Sat, 01 Apr 2023US$127.2bUS$58.8b-US$886,984,047.0015.5x-143.4x2.2x
Mon, 27 Feb 2023US$124.6bUS$58.3b-US$386,920,979.0012.2x-322x2.1x
Wed, 25 Jan 2023US$122.8bUS$56.9b-US$619,754,031.0012.3x-198.2x2.2x
Fri, 23 Dec 2022US$104.7bUS$56.9b-US$619,155,309.0011.8x-169x1.8x
Price to Earnings Ratio

-169x


Total Market Cap: US$104.7bTotal Earnings: -US$619,155,309.00Total Revenue: US$56.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Casinos and Gaming Industry Price to Earnings3Y Average 74.8x202320242025
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 77.7x which is higher than its 3-year average PE of 74.5x.
  • The industry is trading close to its 3-year average PS ratio of 1.9x.
Past Earnings Growth
  • Total earnings for the Casinos and Gaming industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 16% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

How does U.S. Casinos and Gaming compare with similar industries?

US Market-0.59%
Consumer Discretionary0.25%
Hospitality2.94%
Casinos and Gaming2.97%
Hotels, Resorts and Cruise Lines4.04%
Leisure Facilities2.58%
Restaurants1.59%
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$219.702.3%
+US$860.8m		-20.4%PS2.5x
MGM MGM Resorts InternationalUS$37.385.8%
+US$563.4m		6.0%PE152.2x
BYD Boyd GamingUS$85.116.8%
+US$425.0m		15.4%PE3.5x
RRR Red Rock ResortsUS$62.1110.5%
+US$349.3m		27.2%PE19.4x
CHDN Churchill DownsUS$116.763.0%
+US$239.2m		-13.4%PE20.2x

Latest News

SRAD
US$22.79
Sportradar Group
7D
-0.7%
1Y
30.6%
BYD
US$85.11
Boyd Gaming
7D
6.8%
1Y
15.4%

BYD: Digital Gaming Caution And Share Repurchases Will Shape Future Return Profile

Analysts have nudged their price target on Boyd Gaming slightly higher to about $92 from about $91.80, citing solid underlying fundamentals and an attractive valuation profile, even as they adopt a more cautious outlook on digital gaming growth. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the recent price target increases, into the mid to upper $90s range, still leave room for upside relative to current trading levels.
CNTY
US$1.31
Century Casinos
7D
-10.9%
1Y
-65.4%

CNTY: Expanded Betting Partnership Will Support Stable Margins And Near-Term Upside

Analysts have modestly raised their price target on Century Casinos from 3.25 dollars to 3.25 dollars, reflecting steady expectations for revenue growth and profitability despite only marginal tweaks to long term assumptions. What's in the News BetMGM launches mobile and retail sports betting in Missouri in partnership with Century Casinos, including a new BetMGM Sportsbook at Century Casino & Hotel Cape Girardeau.
MGM
US$37.38
MGM Resorts International
7D
5.8%
1Y
6.0%

MGM: Las Vegas And Regional Headwinds Will Likely Cap Near-Term Upside

Analysts have reduced their fair value estimate for MGM Resorts International from $37.00 to $29.00 per share, as softer Las Vegas trends, regional promotional uncertainty, and mixed Macau data temper prior growth and valuation assumptions, despite some capital allocation positives. Analyst Commentary Recent Street research indicates that sentiment around MGM Resorts International has turned more cautious, with several firms revisiting their ratings and valuation frameworks in light of softer fundamentals in key markets.
ACEL
US$11.26
Accel Entertainment
7D
8.7%
1Y
-1.3%

Accel Entertainment (NYSE:ACEL) Takes On Some Risk With Its Use Of Debt

Dec 13
Accel Entertainment (NYSE:ACEL) Takes On Some Risk With Its Use Of Debt
FLUT
US$219.70
Flutter Entertainment
7D
2.3%
1Y
-20.4%
BRSL
US$16.01
Brightstar Lottery
7D
7.4%
1Y
-10.9%
CHDN
US$116.76
Churchill Downs
7D
3.0%
1Y
-13.4%

CHDN: Regional Casinos Will Drive Future Upside Despite Dumfries Ramp Headwinds

Analysts have nudged their average price target for Churchill Downs slightly lower to the mid $120s, trimming expectations by a few dollars per share as they factor in a slower than anticipated Dumfries ramp, uneven regulatory enforcement in Virginia, and softer regional casino trends, even while continuing to view the stock as attractively valued. Analyst Commentary Recent Street research reflects a nuanced view on Churchill Downs, with modestly lower price targets but continued conviction that the shares remain compelling on a risk reward basis.
SGHC
US$11.47
Super Group (SGHC)
7D
2.0%
1Y
70.4%
RRR
US$62.11
Red Rock Resorts
7D
10.5%
1Y
27.2%
SBET
US$10.51
SharpLink Gaming
7D
-5.0%
1Y
13.4%
GENI
US$10.66
Genius Sports
7D
-0.3%
1Y
14.3%

GENI: Expanding Sports Data Rights Portfolio Will Support Long Term Profitability

The analyst price target for Genius Sports has been raised by approximately $0.55 per share to reflect analysts' expectations for faster revenue growth, improving profit margins, and a more attractive valuation multiple supported by recent initiations and target hikes. Analyst Commentary Recent Street research highlights a generally constructive but differentiated view on Genius Sports, with optimism around long term growth and profitability tempered by some caution on execution and market dynamics.
LVS
US$66.99
Las Vegas Sands
7D
-0.1%
1Y
27.6%

LVS: Future Returns Will Reflect Singapore Strength And Ongoing Macau Recovery Risks

Analysts have nudged their price target on Las Vegas Sands higher to $70 from $60, citing an impressive Q3 beat driven by Singapore strength, better than feared Macau performance, and ongoing benefits from refreshed promotional and marketing strategies. Analyst Commentary Analyst sentiment around Las Vegas Sands has tilted more constructive following the Q3 print, with recent revisions underscoring confidence in the company’s execution and regional diversification, particularly in Singapore.
SEGG
US$1.14
Lottery.com
7D
-14.3%
1Y
-65.8%
WYNN
US$123.66
Wynn Resorts
7D
-2.7%
1Y
37.9%

WYNN: Future Performance Will Balance International Expansion With Near-Term Macau Risks

Wynn Resorts’ analyst fair value price target has increased from $137.91 to $141.17. This adjustment is supported by analysts who cite the company’s strong international momentum, elevated Las Vegas demand, and growing expectations for its UAE project.
MLCO
US$8.11
Melco Resorts & Entertainment
7D
-7.9%
1Y
25.7%