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U.S. Casinos and Gaming Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies46
  • 7D4.7%
  • 3M-24.9%
  • 1Y-1.1%
  • YTDn/a

In the last week, the Casinos and Gaming industry is up 4.7%, with Las Vegas Sands leading the way, up 5.1%. In the same time, Studio City International Holdings was down 14%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026US$122.5bUS$92.8bUS$1.3b23.3x93.3x1.3x
Tue, 03 Mar 2026US$124.2bUS$92.4bUS$2.2b23.4x55.7x1.3x
Thu, 29 Jan 2026US$140.8bUS$89.6bUS$2.1b24.2x67.1x1.6x
Sat, 27 Dec 2025US$162.3bUS$89.6bUS$2.1b27.4x77.4x1.8x
Mon, 24 Nov 2025US$157.4bUS$92.7bUS$2.5b26.2x63x1.7x
Wed, 22 Oct 2025US$162.5bUS$90.9bUS$2.5b25x65.4x1.8x
Fri, 19 Sep 2025US$179.3bUS$90.9bUS$2.5b26.7x72.1x2x
Sun, 17 Aug 2025US$184.3bUS$90.6bUS$2.5b26.8x74.4x2x
Tue, 15 Jul 2025US$186.0bUS$90.6bUS$3.0b25.8x62.5x2.1x
Thu, 12 Jun 2025US$168.9bUS$91.7bUS$3.0b22.9x55.6x1.8x
Sat, 10 May 2025US$150.8bUS$87.3bUS$3.3b26.7x45.1x1.7x
Mon, 07 Apr 2025US$133.1bUS$86.4bUS$2.7b21.6x49.1x1.5x
Wed, 05 Mar 2025US$169.5bUS$86.5bUS$1.5b23.7x110.8x2x
Fri, 31 Jan 2025US$171.1bUS$87.5bUS$1.3b23.6x129x2x
Sun, 29 Dec 2024US$171.1bUS$87.7bUS$1.4b23.7x126.4x2x
Tue, 26 Nov 2024US$177.9bUS$87.7bUS$1.4b24.8x131x2x
Thu, 24 Oct 2024US$169.7bUS$89.0bUS$410.1m23.4x413.7x1.9x
Sat, 21 Sep 2024US$165.3bUS$89.1bUS$411.0m20.4x402.2x1.9x
Mon, 19 Aug 2024US$154.4bUS$89.0bUS$428.1m19.3x360.5x1.7x
Wed, 17 Jul 2024US$162.9bUS$87.2bUS$1.3b16.4x130.2x1.9x
Fri, 14 Jun 2024US$122.2bUS$74.9bUS$2.6b15.2x47.4x1.6x
Sun, 12 May 2024US$124.3bUS$74.8bUS$2.5b16.2x50.5x1.7x
Tue, 09 Apr 2024US$138.1bUS$73.1bUS$3.2b16.6x43.7x1.9x
Thu, 07 Mar 2024US$131.3bUS$73.0bUS$3.0b14.5x43.9x1.8x
Sat, 03 Feb 2024US$133.9bUS$71.6bUS$2.8b14.6x48.2x1.9x
Mon, 01 Jan 2024US$131.5bUS$69.8bUS$2.2b14.7x59x1.9x
Wed, 29 Nov 2023US$129.2bUS$69.8bUS$2.2b13.9x58x1.8x
Fri, 27 Oct 2023US$115.1bUS$68.4bUS$1.9b15.2x59.8x1.7x
Sun, 24 Sep 2023US$122.4bUS$66.4bUS$1.4b16.9x89.8x1.8x
Tue, 22 Aug 2023US$127.1bUS$66.5bUS$1.4b16.9x94x1.9x
Thu, 20 Jul 2023US$142.5bUS$62.8bUS$1.5b14.5x93.5x2.3x
Sat, 17 Jun 2023US$136.8bUS$62.7bUS$1.5b13.7x92.2x2.2x
Mon, 15 May 2023US$135.8bUS$62.8bUS$1.3b13.7x101.4x2.2x
Wed, 12 Apr 2023US$124.6bUS$58.8b-US$855,537,581.0015.1x-145.7x2.1x
Price to Earnings Ratio

-145.7x


Total Market Cap: US$124.6bTotal Earnings: -US$855,537,581.00Total Revenue: US$58.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Casinos and Gaming Industry Price to Earnings3Y Average 102.8x202420252026
Current Industry PE
  • Investors are pessimistic on the American Casinos and Gaming industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 93.3x which is lower than its 3-year average PE of 103x.
  • The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.3x.
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 Market3.46%
Consumer Discretionary2.68%
Hospitality4.53%
Casinos and Gaming4.69%
Restaurants5.35%
Hotels, Resorts and Cruise Lines3.91%
Leisure Facilities2.99%
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
LVS Las Vegas SandsUS$54.345.1%
+US$1.3b		62.8%PE22.2x
DKNG DraftKingsUS$23.1611.8%
+US$1.2b		-26.9%PE3094.7x
FLUT Flutter EntertainmentUS$106.385.9%
+US$994.0m		-48.4%PS1.1x
WYNN Wynn ResortsUS$102.035.6%
+US$566.0m		45.6%PE32.4x
CHDN Churchill DownsUS$89.075.4%
+US$317.1m		-13.2%PE16.2x

Latest News

LVS
US$54.34
Las Vegas Sands
7D
5.1%
1Y
62.8%
FLUT
US$106.38
Flutter Entertainment
7D
5.9%
1Y
-48.4%
SEGG
US$0.56
Sports Entertainment Gaming Global
7D
-11.0%
1Y
-93.7%
CZR
US$26.53
Caesars Entertainment
7D
2.6%
1Y
14.5%
BYD
US$83.74
Boyd Gaming
7D
4.5%
1Y
35.6%

BYD: Digital Expansion And Repurchases Will Support Future Repricing Despite Prediction Scrutiny

Narrative Update The average analyst price target for Boyd Gaming has shifted slightly, moving by $1 as firms fine tune their views based on updated sector previews, expectations for Las Vegas recovery, and outlooks for digital gaming and sports prediction clarity. Analyst Commentary Recent research on Boyd Gaming points to a mixed but generally constructive tone, with several firms fine tuning price targets in both directions.
CHDN
US$89.07
Churchill Downs
7D
5.4%
1Y
-13.2%

CHDN: New Gaming Projects Will Offset Virginia IGaming And HISA Fee Risks

Narrative Update: Churchill Downs The analyst price target for Churchill Downs has seen a modest net reduction of $1, as analysts factor in iGaming expansion risks that some believe are already more than reflected in the current share price, while still seeing room for upside. Analyst Commentary Recent research has focused on how iGaming expansion risk, especially in Virginia, fits into the current valuation while still leaving room for upside if execution stays on track.
DKNG
US$23.16
DraftKings
7D
11.8%
1Y
-26.9%

DKNG: Federally Regulated Prediction Contracts Will Support Nationwide Expansion Plans

Analysts have trimmed the DraftKings fair value estimate from about $45.34 to $35.95 as they reset long term assumptions on revenue growth, margins, and future P/E in response to a wave of lower price targets that cite higher prediction market investment, competition, taxes, and softer 2026 guidance. Analyst Commentary Recent research on DraftKings clusters around two themes, prediction market investment and the reset to 2026 guidance, with valuation views splitting between those who see current expectations as conservative and those who are more skeptical about execution and industry growth.
SRAD
US$16.95
Sportradar Group
7D
-1.2%
1Y
-16.6%

SRAD: Prediction Market Data Partnerships Will Underpin 2026 Best Idea Thesis

Analysts have trimmed their average price target on Sportradar Group by a few dollars, reflecting slightly softer long term growth and margin assumptions, even as recent research still highlights solid core growth, cost control, and emerging opportunities in prediction markets and AI driven data demand. Analyst Commentary Recent research paints a mixed picture, with many firms cutting price targets while still pointing to solid execution in key areas like cost control, data monetization, and prediction markets.
RSI
US$22.68
Rush Street Interactive
7D
8.1%
1Y
121.9%

RSI: 2026 Revenue Outlook And Buyback Activity Will Support Higher P/E

Analysts have nudged their price target on Rush Street Interactive slightly higher, to $24.91 from $24.56, citing updated assumptions for revenue growth, profit margins, and a lower future P/E multiple. What's in the News Rush Street Interactive reported that from October 1, 2025 to December 31, 2025, it repurchased 0 shares for $0 million, while completing a total of 733,019 shares repurchased for $7.63 million under the buyback announced on October 30, 2024 (company filing).
WYNN
US$102.03
Wynn Resorts
7D
5.6%
1Y
45.6%
BALY
US$9.65
Bally's
7D
-8.4%
1Y
-14.3%
MSC
US$2.89
Studio City International Holdings
7D
-14.2%
1Y
-23.9%
CPHC
US$15.30
Canterbury Park Holding
7D
-0.6%
1Y
-16.2%