Recent analyst reports highlight DraftKings’ growth outlook, Inspired Entertainment’s earnings, Brightstar Lottery’s cash flow cycle, and Indiana’s latest casino and sports betting revenue figures
Recent analyst commentary has brought renewed attention to several key players and markets in the U.S. gambling sector, with DraftKings, Inspired Entertainment, Brightstar Lottery, and Indiana’s regulated gaming market all under review. The latest notes provide insight into operator performance, product trends, and state-level revenue data as the industry continues to evolve in 2026.
DraftKings Growth and Product Trends
DraftKings’ second-quarter 2026 results have drawn positive attention from analysts, who point to strong customer acquisition and continued momentum in sports betting. Notably, DraftKings’ expansion into prediction markets is being watched as a potential new growth area, with early signs suggesting it could add to, rather than cannibalize, the company’s core business. Despite a 28% year-to-date decline in share price, DraftKings’ management has indicated that the company is entering the second half of the year with significant momentum, particularly around the NFL season. Analysts forecast compound annual growth rates for revenue and EBITDA over the next three years, reflecting expectations for continued expansion.
Inspired Entertainment and Brightstar Lottery Updates
Inspired Entertainment’s recent earnings report showed revenue of $94.3 million for the second quarter, up 11.2% year-over-year, and EBITDA of $39.3 million, a 17.2% increase. The company’s direct-to-consumer business has contributed to improved margins, while social casino revenue grew slightly to $77.3 million. However, igaming revenue from SuprNation remained flat as management adjusted player acquisition strategies in response to higher UK gambling taxes. Meanwhile, Brightstar Lottery is positioned for a positive cash flow swing following the completion of major concession-related outflows in the second quarter. The company’s shares currently offer a 7.8% dividend yield, with analysts seeing limited risk of a reduction based on current cash flow projections.
Indiana Casino and Sports Betting Revenue
Indiana’s July 2026 casino gross gaming revenue (GGR) reached $209 million, a 3% increase compared to the previous year. The month included nine weekend days, one more than July 2025, which can influence casino visitation and revenue. Sports betting GGR for the month was $40 million, up 16% year-over-year, while total handle climbed to $384 million, a 35% increase. The reported hold percentage for sports betting was 10.4%, down 1.7 percentage points from the prior year. For accurate year-over-year comparisons, analysts note that free play deductions are added back to property GGR totals.
Market Context and Ongoing Uncertainty
While the latest figures and analyst commentary highlight positive trends for several operators and markets, the broader U.S. gambling landscape remains dynamic. Operators continue to adjust strategies in response to regulatory changes, tax policy shifts, and evolving consumer behavior. State-level revenue reports, such as those from Indiana, provide important benchmarks but can be influenced by factors like calendar variations and promotional activity. As new products like prediction markets gain traction, their long-term impact on operator revenue and market structure will require continued monitoring.
Gross gaming revenue (GGR) is a key metric used to measure the total amount wagered by players minus winnings paid out by operators. In regulated U.S. markets, GGR is reported monthly by state gaming commissions and forms the basis for tax calculations and market analysis. However, GGR does not account for promotional deductions, operating expenses, or taxes, so it should not be confused with net revenue or profit. Understanding the distinction between handle, GGR, and net revenue is essential for interpreting operator performance and market trends.
