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Best Gambling Stocks to Buy Now (2022)

Top gambling stocks in 2022 ranked by overall Zen Score. See the best gambling stocks to buy now, according to analyst forecasts for the gambling industry.

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

Accel Entertainment (NYSE:ACEL) is the top gambling stock with a Zen Score of 67, which is 28 points higher than the gambling industry average of 39. It passed 23 out of 33 due diligence checks and has strong fundamentals. Accel Entertainment has seen its stock lose -33.33% over the past year, overperforming other gambling stocks by 10 percentage points.

Accel Entertainment has an average 1 year price target of $15.50, an upside of 96.2% from Accel Entertainment's current stock price of $7.90.

Accel Entertainment stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Accel Entertainment, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

International Game Technology (NYSE:IGT) is the second best gambling stock with a Zen Score of 58, which is 19 points higher than the gambling industry average of 39. It passed 22 out of 38 due diligence checks and has strong fundamentals. International Game Technology has seen its stock lose -34.67% over the past year, overperforming other gambling stocks by 9 percentage points.

International Game Technology has an average 1 year price target of $38.50, an upside of 149.51% from International Game Technology's current stock price of $15.43.

International Game Technology stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering International Game Technology, 83.33% have issued a Strong Buy rating, 16.67% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Churchill Downs (NASDAQ:CHDN) is the third best gambling stock with a Zen Score of 54, which is 15 points higher than the gambling industry average of 39. It passed 21 out of 38 due diligence checks and has strong fundamentals. Churchill Downs has seen its stock lose -23.28% over the past year, overperforming other gambling stocks by 20 percentage points.

Churchill Downs has an average 1 year price target of $283.00, an upside of 54.98% from Churchill Downs's current stock price of $182.61.

Churchill Downs stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Churchill Downs, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

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

International Game Technology (NYSE:IGT) has an annual dividend yield of 5.18%, which is 3 percentage points higher than the gambling industry average of 2.17%. 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 75.2% indicates that its high dividend yield is sustainable for the long-term.

Canterbury Park Holding (NASDAQ:CPHC) has an annual dividend yield of 0.95%, which is -1 percentage points lower than the gambling industry average of 2.17%. 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 7.8% indicates that its dividend yield is sustainable for the long-term.

Churchill Downs (NASDAQ:CHDN) has an annual dividend yield of 0.37%, which is -2 percentage points lower than the gambling industry average of 2.17%. 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 5.2% indicates that its dividend yield is sustainable for the long-term.

Gambling stocks were down -1.62% in the last day, and down -8.92% over the last week.

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

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

Lotterycom (NASDAQ:LTRY) is the most undervalued gambling stock based on WallStreetZen's Valuation Score. Lotterycom has a valuation score of 71, which is 33 points higher than the gambling industry average of 38. It passed 5 out of 7 valuation due diligence checks.

Lotterycom's stock has dropped -97.96% in the past year. It has underperformed other stocks in the gambling industry by -54 percentage points.

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 33 points higher than the gambling industry average of 38. It passed 5 out of 7 valuation due diligence checks.

Canterbury Park Holding's stock has gained 30.4% in the past year. It has overperformed other stocks in the gambling industry by 74 percentage points.

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 19 points higher than the gambling industry average of 38. It passed 4 out of 7 valuation due diligence checks.

Light & Wonder's stock has dropped -48.29% in the past year. It has underperformed other stocks in the gambling industry by -5 percentage points.