TLDR MarketBeat flagged seven casino stocks with the highest dollar trading volume, including DraftKings, MGM, and PENN Entertainment DraftKings analysts see roughly 30% upside potential tied to its prediction markets launch MGM posted record revenue of $17.2 billion in 2024, up 7% year-over-year PENN Entertainment ended its ESPN Bet deal early in November 2025 after poor results Caesars became the largest U.S. casino operator after its 2020 merger and has 54 properties worldwide
Five casino stocks are drawing investor attention in early 2026, based on trading volume data and recent analyst coverage. Here is a breakdown of what’s happening with each company.
DraftKings (DKNG)
DraftKings went public through a SPAC in 2020 and is the only pure-play online gambling company among major casino stocks. It holds about 34% of the U.S. online sports betting market, behind FanDuel’s 44%.
DraftKings Inc., DKNG
Revenue jumped 30% in 2024 to $4.77 billion, but the company is still unprofitable. Its operating loss narrowed to $609 million, and it reached 3.6 million monthly unique payers as of Q3 2025.
Analysts are eyeing roughly 30% upside following DraftKings’ launch of prediction markets. User growth was flat as of the most recent quarter.
MGM Resorts International (MGM)
MGM owns some of the most well-known resorts on the Las Vegas Strip, including the Bellagio and MGM Grand. It also holds 56% stakes in two Macau casinos.
MGM Resorts International, MGM
In 2024, MGM posted record revenue of $17.2 billion, up 7% year-over-year. Adjusted EBITDA rose from $2.3 billion to $2.4 billion, and Macau revenue grew 28% to $4 billion following the removal of COVID restrictions.
Its online joint venture, BetMGM, is now EBITDA-profitable and is on track for $2.75 billion in revenue and $200 million in EBITDA in 2025.