Casino Stocks Set For A Winning Streak: Why March Madness, Spring Break Could Fuel Big Gains

Casino stocks are entering a period of seasonal strength, fueled by a surge in sports betting, increased travel during spring break, and a potential spending boost from tax refunds.

Seasonax data shows that four major casino operators rank among the top-performing S&P 500 stocks between March 20 and April 20, based on two decades of market trends.

A Strong Seasonal Pattern For Casino Stocks

Shares of Caesars Entertainment Inc. (NYSE:CZR) have posted an average return of 7.4% during this period over the past 20 years, making it the fourth-best performing S&P 500 stock.

MGM Resorts International (NYSE:MGM) follows closely with 6.59% average gains.

Las Vegas Sands Corp. (NYSE:LVS) and Wynn Resorts Ltd. (NYSE:WYNN) also show strong seasonality, with respective average gains of 5.63% and 5.24% in this timeframe.

Historical data suggests this could be one of the strongest months for gaming stocks.