TLDR
- Seven casino stocks are seeing high trading volume: DraftKings, MGM Resorts, Red Rock Resorts, Rush Street Interactive, PENN Entertainment, Super Group, and Melco Resorts.
- DraftKings holds a 34% share of the U.S. online sports betting market and grew revenue 30% to $4.77 billion in 2024, but remains unprofitable.
- MGM posted record revenue of $17.2 billion in 2024, with its online arm BetMGM on track for $2.75 billion in revenue in 2025.
- PENN Entertainment ended its ESPN Bet deal early in November 2025 after results missed expectations.
- Las Vegas Sands shut down its digital gaming arm in October 2025 to refocus on Macau and Singapore.
Seven casino stocks are drawing attention from traders this week after posting the highest dollar trading volumes in the sector. The list spans online platforms and physical resort operators.
The companies flagged are DraftKings (DKNG), MGM Resorts (MGM), Red Rock Resorts (RRR), Rush Street Interactive (RSI), PENN Entertainment (PENN), Super Group (SGHC), and Melco Resorts (MLCO).
Online Betting Stocks
DraftKings (DKNG) is the only pure-play online gambling company on the list. It holds roughly 34% of the U.S. online sports betting market, behind FanDuel’s 44%.
Revenue jumped 30% in 2024 to $4.77 billion. The company still posted an operating loss of $609 million and reached 3.6 million monthly unique payers in Q3 2025, with user growth essentially flat.
Rush Street Interactive (RSI) operates online casino and sports betting in the U.S., Canada, Mexico, and Latin America. It offers table games, slots, and retail sportsbooks across those markets.
Super Group (SGHC) runs the Betway sports betting brand and Spin online casino. The company is based in Guernsey and operates internationally.
PENN Entertainment (PENN) owns 44 properties across 20 U.S. states. It ended its ESPN Bet partnership early in November 2025 after results fell short of expectations. It is now rebranding its online sports betting to theScore Bet.
PENN Entertainment, Inc., PENN
PENN’s stock has given back most of its pandemic-era gains. The company still operates at a GAAP loss while waiting for digital investments to pay off.
Physical Casino and Resort Operators
MGM Resorts (MGM) owns major Las Vegas Strip properties including the Bellagio and MGM Grand. It also holds 56% stakes in two Macau casinos.
MGM posted record full-year revenue of $17.2 billion in 2024, up 7%. Its online joint venture BetMGM is now EBITDA-profitable and is targeting $2.75 billion in revenue and $200 million EBITDA for 2025.
Red Rock Resorts (RRR) develops and operates casino properties in the Las Vegas regional market. Its portfolio includes Durango Casino & Resort and several smaller local casinos.
Melco Resorts (MLCO) operates casino resorts in Asia, including City of Dreams in Macau, which has 500 gaming tables, 800 gaming machines, and around 1,400 hotel rooms.
For broader context, Las Vegas Sands (LVS) — not on the high-volume list but widely followed — reported $11.3 billion in revenue in 2024, up 9%. In October 2025, the company closed its digital gaming arm to focus solely on Macau and Singapore.
Wynn Resorts (WYNN) reported $7.1 billion in revenue in 2024, up 9%. The company is developing Wynn Al Marjan Island near Dubai, set to open in early 2027.
Casino stocks as a sector have underperformed the broader market over the past decade. Online gambling legalization in more U.S. states continues to reshape the competitive landscape for both digital and traditional operators.
PENN shares were down 2.33% to $13.02, MGM fell 0.52% to $36.27, and DraftKings dropped 1.31% to $22.20 as of February 20, 2026.
