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Best Gambling Stocks to Buy Now (2023)
Top gambling stocks in 2023 ranked by overall Zen Score. See the best gambling stocks to buy now, according to analyst forecasts for the gambling industry.

Industry: Gambling
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
ACEL
ACCEL ENTERTAINMENT INC
NYSE
Gambling
$799.45M$9.14-4.09%$142.94M12.35x3.64
LNW
LIGHT & WONDER INC
NASDAQ
Gambling
$6.24B$66.18-2.58%$4.36B1.68x4.68
CPHC
CANTERBURY PARK HOLDING CORP
NASDAQ
Gambling
$128.83M$26.400.30%$20.34M9.74x0.32
CDRO
CODERE ONLINE LUXEMBOURG SA
NASDAQ
Gambling
$133.56M$2.96-6.03%-$72.29M0.01x0.88
CHDN
CHURCHILL DOWNS INC
NASDAQ
Gambling
$9.29B$248.50-0.99%$888.70M19.63x6.63
EVRI
EVERI HOLDINGS INC
NYSE
Gambling
$1.64B$18.35-2.08%$335.36M9.13x6.63
GAN
GAN LTD
NASDAQ
Gambling
$90.29M$2.12-4.07%-$61.40M-1.43x0.51
IGT
INTERNATIONAL GAME TECHNOLOGY PLC
NYSE
Gambling
$5.40B$26.97-0.66%$1.30B15.00x5.03
DKNG
DRAFTKINGS INC
NASDAQ
Gambling
$14.27B$16.950.47%-$1.39B-4.93x1.92
RSI
RUSH STREET INTERACTIVE INC
NYSE
Gambling
$996.68M$4.520.00%-$19.92M-6.85x2.03
LTRY
LOTTERYCOM INC
NASDAQ
Gambling
$21.57M$0.438.97%N/A3.54x0.08
GAMB
GAMBLINGCOM GROUP LTD
NASDAQ
Gambling
$365.77M$10.033.72%$17.52M50.15x0.62
AGS
PLAYAGS INC
NYSE
Gambling
$257.14M$6.810.89%$93.44M-12.61x14.50
GMBL
ESPORTS ENTERTAINMENT GROUP INC
NASDAQ
Gambling
$7.38M$0.10-7.14%-$95.31M-0.03x-4.24
SGHC
SUPER GROUP (SGHC) LTD
NYSE
Gambling
$1.76B$3.604.05%N/AN/A0.99
ELYS
ELYS GAME TECHNOLOGY CORP
NASDAQ
Gambling
$37.95M$1.2526.26%-$16.63M-1.62x2.00
EBET
EBET INC
NASDAQ
Gambling
$12.46M$0.72-8.73%-$24.98M-0.23x2.17

Gambling Stocks FAQ

What are the best gambling stocks to buy right now in Feb 2023?

According to Zen Score, the 3 best gambling stocks to buy right now are:

1. Accel Entertainment (NYSE:ACEL)


Accel Entertainment (NYSE:ACEL) is the top gambling stock with a Zen Score of 65, which is 30 points higher than the gambling industry average of 35. It passed 22 out of 33 due diligence checks and has strong fundamentals. Accel Entertainment has seen its stock lose -32.15% over the past year, underperforming other gambling stocks by -31 percentage points.

Accel Entertainment has an average 1 year price target of $14.00, an upside of 53.17% from Accel Entertainment's current stock price of $9.14.

Accel Entertainment stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Accel Entertainment, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Light & Wonder (NASDAQ:LNW)


Light & Wonder (NASDAQ:LNW) is the second best gambling stock with a Zen Score of 53, which is 18 points higher than the gambling industry average of 35. It passed 17 out of 33 due diligence checks and has strong fundamentals. Light & Wonder has seen its stock return 8.92% over the past year, overperforming other gambling stocks by 10 percentage points.

Light & Wonder has an average 1 year price target of $59.50, a downside of -10.09% from Light & Wonder's current stock price of $66.18.

Light & Wonder stock has a consensus Hold recommendation according to Wall Street analysts. Of the 4 analysts covering Light & Wonder, 25% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 25% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Canterbury Park Holding (NASDAQ:CPHC)


Canterbury Park Holding (NASDAQ:CPHC) is the third best gambling stock with a Zen Score of 50, which is 15 points higher than the gambling industry average of 35. It passed 19 out of 38 due diligence checks and has strong fundamentals. Canterbury Park Holding has seen its stock return 31.34% over the past year, overperforming other gambling stocks by 32 percentage points.

What are the gambling stocks with highest dividends?

Out of 3 gambling stocks that have issued dividends in the past year, the 3 gambling stocks with the highest dividend yields are:

1. International Game Technology (NYSE:IGT)


International Game Technology (NYSE:IGT) has an annual dividend yield of 2.97%, which is 2 percentage points higher than the gambling industry average of 1.44%. International Game Technology's dividend payout is stable, having never dropped by more than 10% in the last 10 years. International Game Technology's dividend has not shown consistent growth over the last 10 years.

International Game Technology's dividend payout ratio of 44.5% indicates that its dividend yield is sustainable for the long-term.

2. Canterbury Park Holding (NASDAQ:CPHC)


Canterbury Park Holding (NASDAQ:CPHC) has an annual dividend yield of 1.06%, which is the same as the gambling industry average of 1.44%. Canterbury Park Holding's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Canterbury Park Holding's dividend has not shown consistent growth over the last 10 years.

Canterbury Park Holding's dividend payout ratio of 10.3% indicates that its dividend yield is sustainable for the long-term.

3. Churchill Downs (NASDAQ:CHDN)


Churchill Downs (NASDAQ:CHDN) has an annual dividend yield of 0.29%, which is -1 percentage points lower than the gambling industry average of 1.44%. Churchill Downs's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Churchill Downs's dividend has shown consistent growth over the last 10 years.

Churchill Downs's dividend payout ratio of 5.3% indicates that its dividend yield is sustainable for the long-term.

Why are gambling stocks down?

Gambling stocks were down -1.01% in the last day, and up 3.36% over the last week.

We couldn't find a catalyst for why gambling stocks are down.

What are the most undervalued gambling stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued gambling stocks right now are:

1. Codere Online Luxembourg Sa (NASDAQ:CDRO)


Codere Online Luxembourg Sa (NASDAQ:CDRO) is the most undervalued gambling stock based on WallStreetZen's Valuation Score. Codere Online Luxembourg Sa has a valuation score of 100, which is 68 points higher than the gambling industry average of 32. It passed 7 out of 7 valuation due diligence checks.

Codere Online Luxembourg Sa's stock has dropped -50.58% in the past year. It has underperformed other stocks in the gambling industry by -50 percentage points.

2. Canterbury Park Holding (NASDAQ:CPHC)


Canterbury Park Holding (NASDAQ:CPHC) is the second most undervalued gambling stock based on WallStreetZen's Valuation Score. Canterbury Park Holding has a valuation score of 71, which is 39 points higher than the gambling industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Canterbury Park Holding's stock has gained 31.34% in the past year. It has overperformed other stocks in the gambling industry by 32 percentage points.

3. Light & Wonder (NASDAQ:LNW)


Light & Wonder (NASDAQ:LNW) is the third most undervalued gambling stock based on WallStreetZen's Valuation Score. Light & Wonder has a valuation score of 57, which is 25 points higher than the gambling industry average of 32. It passed 4 out of 7 valuation due diligence checks.

Light & Wonder's stock has gained 8.92% in the past year. It has overperformed other stocks in the gambling industry by 10 percentage points.

Are gambling stocks a good buy now?

56.25% of gambling stocks rated by analysts are a strong buy right now. On average, analysts expect gambling stocks to rise by 22.21% over the next year.

What is the average p/e ratio of the gambling industry?

The average P/E ratio of the gambling industry is 5.74x.
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.