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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.

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

Light & Wonder (NASDAQ:LNW) is the top gambling stock with a Zen Score of 57, which is 27 points higher than the gambling industry average of 30. It passed 18 out of 33 due diligence checks and has strong fundamentals. Light & Wonder has seen its stock lose -6.61% over the past year, overperforming other gambling stocks by 12 percentage points.

Light & Wonder has an average 1 year price target of $59.00, an upside of 3.84% from Light & Wonder's current stock price of $56.82.

Light & Wonder stock has a consensus Hold recommendation according to Wall Street analysts. Of the 3 analysts covering Light & Wonder, 0% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 33.33% have issued a Sell rating, and 0% have issued a Strong Sell.

Codere Online Luxembourg Sa (NASDAQ:CDRO) is the second best gambling stock with a Zen Score of 47, which is 17 points higher than the gambling industry average of 30. It passed 14 out of 33 due diligence checks and has strong fundamentals. Codere Online Luxembourg Sa has seen its stock lose -48% over the past year, underperforming other gambling stocks by -29 percentage points.

Accel Entertainment (NYSE:ACEL) is the third best gambling stock with a Zen Score of 43, which is 13 points higher than the gambling industry average of 30. It passed 14 out of 33 due diligence checks and has strong fundamentals. Accel Entertainment has seen its stock lose -33.13% over the past year, underperforming other gambling stocks by -14 percentage points.

Accel Entertainment has an average 1 year price target of $13.00, an upside of 48.74% from Accel Entertainment's current stock price of $8.74.

Accel Entertainment stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Accel Entertainment, 0% have issued a Strong Buy rating, 100% 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 3.2%, which is 2 percentage points higher than the gambling industry average of 1.52%. 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 54.7% indicates that its dividend yield is sustainable for the long-term.

Canterbury Park Holding (NASDAQ:CPHC) has an annual dividend yield of 1.06%, which is the same as the gambling industry average of 1.52%. 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 18.1% indicates that its dividend yield is sustainable for the long-term.

Churchill Downs (NASDAQ:CHDN) has an annual dividend yield of 0.29%, which is -1 percentage points lower than the gambling industry average of 1.52%. 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 6.2% indicates that its dividend yield is sustainable for the long-term.

Gambling stocks were down -0.28% in the last day, and down -1.32% 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:

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

Codere Online Luxembourg Sa's stock has dropped -48% in the past year. It has underperformed other stocks in the gambling industry by -29 percentage points.

Light & Wonder (NASDAQ:LNW) is the second most undervalued gambling stock based on WallStreetZen's Valuation Score. Light & Wonder has a valuation score of 86, which is 48 points higher than the gambling industry average of 38. It passed 6 out of 7 valuation due diligence checks.

Light & Wonder's stock has dropped -6.61% in the past year. It has overperformed other stocks in the gambling industry by 12 percentage points.

Everi Holdings (NYSE:EVRI) is the third most undervalued gambling stock based on WallStreetZen's Valuation Score. Everi Holdings 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.

Everi Holdings's stock has dropped -25.51% in the past year. It has underperformed other stocks in the gambling industry by -7 percentage points.