Have you ever wondered about which Online Gambling Companies hold the biggest stage in the world considering how lucrative a betting business is becoming?
For bettors, a gambling can be very addictive if one does not take caution while the owners get rewarded for your untamed betting way. Therefore, you can expect the Gambling Industries to keep making great revenue on a daily basis.
Now that goal driven investors have discovered that Gambling business, whether online or offline, it’s a profitable business anywhere in the world, be it in the US, UK, Canada or Africa generally, you can expect more Online Gambling Companies to spring up.
Online gambling has become a massive global industry today. In fact, Statista estimated about 1.6billion people around the world to be into online gambling. The figure surpasses the population figure of countries such as China and India that has the largest population in the world!
New online gambling companies are regularly springing up, and has made the exact figure hard to determine. However, there are some of the biggest online gambling companies in the world that are constantly raking in massive revenue every year.
As a result of strict betting rules and regulations in many countries, some of these online gambling companies are strictly monitored, and to avoid certain economic issues spiral from it.
Many people hold the view that online gambling is very risky, insecure, and therefore unsafe. But then, with the improvement in technology today and the advent of new online safety measures that are now in place, we could really consider this form of gambling as a safer option to the brick and mortar of gambling.
Transparency is a non-negotiable advantage for online gamblers who play with the biggest online gambling companies.
However, it is advised that you desist from some shoddy, vague, and unknown online gambling sites just because they promise some juicy bonuses and other facilities. You should only get yourself entangled with the best and the biggest licensed online gambling companies or websites with some arrays of betting options which include casinos, football, virtual game, tennis, etc.
So, considering employee size, branches, and annual revenues among other factors, here are the list of largest online gambling companies worldwide:
1. Flutter Stars Group (Estimated Annual Revenue: $5.28 Billion)
After a recent completion of their all-shares combination, the Flutter and Stars Group is now being identified with a single name, Flutter Entertainment plc.
According to GamblingInsider, Flutter has an estimated revenue of £2.7 billion while Stars Group posted a revenue of $2.53 billion which is a combined revenue of $5.28 billion.
The company is currently flaunted as the largest online gambling company with its approximated £4 billion annual revenue. The company has experienced mergers upon mergers over the years with workforce, customers, and revenues making up the big success.
Paddy Power, Sky bet, Betfair, PokerStars, and a host of others make up companies in the merger to create the Flutter Stars Group. The company has a broader reach on a global scale with diverse gambling platforms, and it is projected that they would lead the online gambling companies in the world for quite a long time, for as long as the merger exists.
2. GVC Holdings (Estimated Annual Revenue: £3.7 billion)
GVC Holdings was founded in 2004, and has a combined ownership of other leading UK gambling companies – Coral and Ladbrokes. But then, several people still refer to the company as Ladbrokes-Coral Plc.
The company employs over 30,000 workers globally and has a revenue of £3.7 billion. The company operates other brands like Bwin, partypoker, sporting bet, Foxy, and Gala. Reports also have it that GVC Holdings has one of the biggest numbers of online players in the world.
3. Bet365 (Estimated Annual Revenue: £3 Billion)
British owned Bet365 was established by Denis Coates in 2000 and has leveraged on technological advancement to bring about its exponential growth over the years.
The company’s operations are currently being handled by the Coates family and even though they kicked off in a temporary building in stoke in the United Kingdom, they now have a stadium in their name and employ over 5000 people with a customer base in over 200 countries around the world.
The company is also known as the perennial sponsor of Stokes City. It can be enlisted in the third position in the list of the biggest online gambling companies on the planet.
4. Scientific Games (Estimated Annual Revenue: £2.75 Billion)
Scientific Games is one of the oldest online gambling companies. The American gaming company was founded in 1917 by Daniel Bower and John Koza as Autotote.
They also operate a sports betting platform based in the UK, called OpenBet, while also providing products and services to several other gambling companies.
The products they provide include mechanical and computerized table games, slot machines, instant lottery games, internet applications, social gaming, iGaming and iLottery products, lottery gaming systems, gambling control systems, server-based interactive gambling terminals, sports betting, and terminals and services. They have about 6000 employees and several branches.
5. Paddy Power Betfair (Estimated Annual Revenue: £1.87 billion)
Paddy Power has its headquarters in Dublin, Ireland. It operates in diverse cities across Ireland and UK and is recognized as one of the leading sports betting brands in these areas. In 2018, the company was reported to have generated returns that totaled a whopping £584 million to stakeholders through share buybacks and dividends.
The company has one of the versatile retail estates in the sector and also offers fast and easy-to-use betting apps.
6. William Hill (Estimated Annual Revenue: £1.6 Billion)
William Hill was established in 1934, and because gambling was initially illegal in the UK, the company had to change leadership multiple times. And today, it is ranked as one of the biggest online gambling companies in the world.
They provide gambling services in horse racing, poker, online bingo, and casino. They also have a huge employee size of over 16,000 employees working in about 2500 branches around the world. Their revenue in early 2020 is put at £1.6 Billion.
7. Playtech Plc (Estimated Annual Revenue: £1.37 billion)
Playtech Plc has subsidiaries that are involved in the development of software platforms for the land-based and online gambling industry. They supply several gambling companies with gaming and online gambling softwares.
The company has its headquarters in Douglas, Isle of Man. It has gaming applications that include poker, casino, bingo, live gaming, mobile, fixed-odds and land-based terminal games.
The Company claimed in its annual reports that certain strategic decisions supported the success of regulated revenue achieved. The company has a core business model that generates 11% growth in regulated B2B Gaming revenue.
8. International Games Technology (Estimated Annual Revenue: £925 Million)
International Games Technology (IGT) has been in business since 1975 and has also experienced multiple changes in ownership. The founder, William red sold and produced slot machines as an American company that was later sold out to GTech.
The company provides online gaming services which includes casino, virtual poker, and horse racing among many others. It offers slot games which includes Star Wars, Wheel of Fortune, the Joker’s Wild, Roulette, the $25000 pyramid, Family Feud Elvis, sale of the century, and many others.
The company currently employs more than 12,000 workers in its several branches around the world with an estimated revenue of £932 Million.
9. Bet Fred (Estimated Annual Revenue: £739.6 Million)
Bet Fred is also among the earliest gambling companies in the world. It was founded in 1967 with a bit of a fascinating history. The company came up from the successful prediction of the Done brothers over England winning the 1966 FIFA World Cup.
The Done brothers got a windfall from their successful prediction and established the group. The business has continued to grow ever since to become one of the biggest in the world today.
The company has no merger up till today, and is solely owned by the Done brothers. They have over a thousand employees working in about 2000 shops globally. They offer Sports bets like rugby league, lotto, horse racing, bingo, Online casino, virtual, tote pools, and many more.
10. Kindred Group (Estimated Annual Revenue: £719 Million)
Kindred Group has subsidiaries such as UniBet, Stan James, and 32Red. It was founded by Anders Strom in 1997, and operates in several European countries including France, Belgium, Gibraltar, and Denmark. Unibet, which is the biggest, has over 15 million customers.
The company’s headquarters is in Malta. They partner with diverse multilateral companies and have over 1,400 workers around the globe.
The group is one of the fastest growing and biggest online gambling companies in the world offering products such as online bingo, online casino, sports betting, and online poker.
11. 888 HOLDINGS PLC (Estimated Annual Revenue: £580 million)
888 Holdings was established in 1997 by Shay Ben-Yitzhak, Avi Shaked, Ron Ben-Yitzhak, and Aaron Shaked. Before its rebranding in 2002, 888 Holdings was formerly known as Virtual Holding Plc.
The company lost over $120 million after being hit by the ban in the United States of America in 2006 where it was initially based. They have subsidiaries such as dragonfish and cassava enterprises.
Brands that are run by the company include 888 casino, 888 sport, and 888 poker among a host of others. Despite the challenges they have faced from restrictions, they still rank among the leading online gambling companies in the world which is a clear evidence of their prominence.
12. Betsson (Estimated Annual Revenue: £146.4m)
Betsson is also one of the largest online gambling companies in the world and was established in 2006 and it gradually grew to become a global empire. The group achieved an all-time rise in figures for the second quarter in 2020 after it reported a 31% rise in revenue.
It is based in Malta and its users all around the world are able to play bingo games, poker, casino, and also place bets on diverse sports events. The company offers sports betting options on numerous markets with several more people opting for the platform as their sports betting choices.
13. DraftKings (Estimated Annual Revenue: $133 million)
DraftKings reported an estimated revenue of $133 million in September 2020. The company is one of the most prevalent content providers of daily fantasy sports that gives users room to engage in sports-related contests as required by individual teams and performance of players in five of America’s biggest sports – NBA, PGA, NHL, NFL, and MLB. Also Tennis, NASCAR auto racing, Mixed Martial Arts (MMA), Premier League and UEFA Champions League soccer, Canadian Football League, and the Arena Football League.
14. BetAmerica (Estimated Annual Revenue: £8.7m)
BetAmerica became popular for its horse racing before branching out into fantasy sports by launching FanEx Sports. This online gambling company is regarded as one of the most secured and legal betting companies that are based in the United States.
It has over 200 racing tracks users can pick from, and a wide range of fantasy leagues for NFL, MLB, and NBA.