It’s no secret that the last 21 years have been monumental for online gambling. Over this time, many of the major players have transformed from fringe companies to massive corporations. Right now the industry has skyrocketed to be worth $35.97 billion, and there’s no end in sight. On the contrary, the online gambling industry is set to grow to a staggering $66.59 billion by 2020. That unfathomable amount of money is creating a bonanza that’s too enticing for many companies to ignore.

Flutter and Stars had a combined $4.6 billion in revenue last year, which makes the new company, which will be based in Dublin, the biggest online gaming and betting operator in the world. Most of us have by now tried betting on sports or playing online casino games. The best gambling companies when it comes to its coverage. Of the Kindred Group which so is the largest. The performance of the casino sector can be gauged by the VanEck Vectors Gaming ETF , which includes both traditional casino companies and online gambling stocks.BJK has underperformed the. This company has built its fortune in the online gaming market. It started business as a developer of an online auction site as a subsidiary of Japanese cell phone company Softbank. In 2000, the company switched to online gaming services, hosting servers in Japan for a MMOG.

Now that the industry is being formalized, many companies are cashing in. These may seem like opportunists, but many of the leading companies have been involved since the late 90’s. From bold newcomers such as Canada’s Amaya Gaming Group to the pioneers, some companies stand out from the pack. Their net worths are larger than life, which makes them impossible to ignore.

For responsible punters, getting to know the leading players in the online gambling industry is essential. We know how important it is for our readers to stay informed, so we created this list. Prepare to get an intimate look at the biggest online gambling companies in the world. Their net worths are staggering, so get ready to see the industry’s potential!

Biggest Online Gambling Companies

This Israeli-owned company has risen from nothing.

Gambling Giant #3: Playtech ($3.6 Billion Net Worth) – Ever since it was founded, this company has been hell-bent on dominating the industry. Despite countless setbacks, Playtech has exploded in growth over the last few years. In 2015 alone, it grew from $3.32 billion to $3.6 billion. It was founded by Teddy Sagi in 1999, and was listed on the London Stock Exchange in 2006. Even though it was valued at £550 million, this company was just getting started. They created their legacy by providing top of the line online casino games that range from slots to sports betting.

They may have enjoyed explosive growth, but Playtech has also experienced its fair share of setbacks. Their founder Teddy Sagi was convicted of a slew of charges including insider trading. He ended up spending nine months behind bars, but emerged stronger than ever. One of their games Lakshmi Gold has also been accused of defaming Hindu deities. Ignoring the consternation of the Hindu community, this game is still online. Despite these hiccups, Playtech has a good reputation for taking care of its players.

Ever since its foundation this has been an empire.

Gambling Giant #2: William Hill ($4.95 Billion Net Worth) – Out of all the companies on the list, this one has been in the game the longest. The company first started in 1934, when their founder William Hill found a loophole in Britain’s gambling laws. This allowed him to accept bets and create an empire that has lasted almost a century. When online gambling came about, William Hill was one of the first land based companies to switch over. Their unparalleled expertise allowed them to effortlessly dominate online gambling in Europe.

Just like all of the top names in the industry, William Hill has been the center of plenty of controversy. The company was under investigation by the Serious Fraud Office of Britain for accounting irregularities in the late 1990’s. William Hill has also been accused of bribing top members of parliament to pass UK gambling tax structures in 2014. This forced out most of the smaller competition, and allowed William Hill and his syndicate to prosper.

Two of the biggest players in the game have united to dominate the industry.

Gambling Giant #1: Paddy Power Betfair PLC ($11.96 Billion Net Worth) – This behemoth company was formed by the merger of two of the biggest online betting companies in the world. Betfair and Paddy Power made history when they finalized their merger in February 2016. It’s no secret why these companies decided to team up, since they were both game changers embroiled in controversy. Betfair revolutionized fixed-odds sports betting sites by allowing players to offer each other wagers. This led to them becoming the largest betting exchange on the internet, but they drew harsh criticism for charging winners.

Paddy Power was the largest gambling company in Ireland, that gained notoriety for their outrageous marketing campaigns. They started as three bookmaker’s shops in 1988, and expanded aggressively ever since. They switched from land to online betting shops in the 1990’s, quickly dominating the market. Their gung-ho marketing has repeatedly gotten them in trouble. From putting odds on Obama’s assassination to species that would go extinct from oil spills, they’re no strangers to controversy. Now that they have merged with an equally aggressive partner, this company is set to continue dominating online gambling.

With the digital revolution in full swing and the ease of government regulations on gambling, the sports betting industry is undergoing dynamic transformations over the last few years and consequently surging in popularity around the word, the revenues of many world’s leading sports betting companies are also growing significantly year on year. Today, sports betting has become one of the fastest growing industries across the world, offering immense potential for both bettors and sportsbooks. Some of the popular games for sports betting include horse racing, greyhounding, cricket, football, baseball, basketball and golf.

For the latest online gambling market size, sports betting market forecast, and top sports betting companies in the world, please see our report Global Sports Betting Market 2018-2022, or download your FREE Global Sports Betting Market Report Sample now!

Global Sports Betting Market Analysis

Over the last few years, the world has opened immense opportunities for gamblers to take part in sports betting anywhere in the world through digital platforms, except in those nations where betting is banned. The global sports betting sector occupies the major market share in the overall online gambling industry accounting for more than 40 % of the worldwide gambling revenue generation. According to the Technavio’s market analysts, the sports betting market will grow at an impressive CAGR, with the global sports betting market revenue expected to reach nearly $370 billion by 2022.

Read more:How Is the Online Gambling Industry Making Room for the Next Unicorn Company?

Top 10 Sports Betting Companies in the Global Gambling Industry

888 Holdings

888 holdings is one of the most popular online gaming operators, which operates 888 sports, casino, poker, and bingo brands. Since its launch in 2008, 888 Sports has been successful in establishing a strong presence in the online sports betting market. The online betting site breaks away from the traditional bookies with exclusive customer deals, a range of new markets and an international appeal. Although the company exited US market long back owing to the strict government regulations, they have been keeping a close eye on regulatory developments in the US.

Today, 888 has already positioned itself in the market by partnering with the US-based companies. The potential for the sports betting sector in the US is significant and, as the only firm in all three regulated US states, 888 is all set to exploit the potential growth opportunities in the US market.

Read more:The Game is on! Here are the Top 15 Online Gaming Companies

GVC Holdings

GVC Holdings is one of the largest sports betting companies and gaming groups. With its unique proprietary technology platform, GVC offers casino, poker, bingo, and sports betting under some of the industry’s most popular online betting brands including partypoker, CasinoClub, Betboo, Bwin, Foxy Bingo, and Sportingbet. In a spell of acquisitions, GVC Holdings made a milestone €1.1 billion acquisition of online gaming brand bwin party in 2016 and acquired UK rival Ladbrokes Coral in March 2018.

Further, GVC Holdings also confirmed a $200 million joint venture deal with MGM Resorts recently that will see the former transfer its online sports betting know-how to the latter. This deal will soon lead to the launch of a wide range of sports betting sites in the US.

Kindred Group

Biggest Online Gambling Companies Asia

The Stockholm-listed online gambling company, Kindred, continued their record-breaking financial performance in 2018, thanks to the all-time growth of their active customer-base and the 2018 FIFA world cup, that led to higher active users. Today, the company is regarded as one of the world’s leading online gambling brands within the sports betting arena. Kindred Group recently signed a 5+5-year agreement with Casino Atlantic City and Hard Rock Hotel in New Jersey. This move is Kindred’s first step into US gaming, with a view to offering online sports betting services to US customers.

Kindred’s major revenue comes from casino games and online sports betting. With these two segments which generated respective revenue of £104 million and £104.9 million during Q2, Kindred continues to witness significant online organic growth.

Read more : Why Sports Betting Accounts for the Largest Share of the Gambling Market

Paddy Power Betfair

Paddy Power Betfair was born following the merger of Paddy Power plc and Betfair Group in February 2016. Today, the business has four divisions: Online Australia, Irish Retail, UK Retail, and Telephone segments. The company’s Online Australia segment provides sports betting services and is the market leader in the Australian gambling industry. Its UK and Irish Retail segment operate 623 betting shops across Ireland and UK. It has a presence in Australia, United Kingdom, Ireland and across the world.

Paddy Power Betfair provides gaming and sports betting services through websites including betfair.com, paddypower.com, tvg.com, sportsbet.com.au, and us.betfair.com under the Betfair, Sportsbet, Paddy Power, and TVG brand names, and through a chain of licensed betting offices.

William Hill

Since 2012, when the UK-listed bookmaker merged three businesses to establish William Hill US, the company has grown consistently to achieve the market share of around 30 %, making it one of the largest sports betting companies in the UK and the US. William Hill is one of the early movers to reap the benefits from the legalization of sports betting in the US after the Supreme Court’s decision in May to strike out a federal ban passed in 1992. William Hill US is already the leading sports betting company in the US, operating more than 108 race and sports books in Nevada along with the state’s top mobile sports betting app.

The sports wagering giant signed sports betting agreements with a number of casinos in the US last month and is in talks with more operators. The company is ramping up hiring in Nevada for growing its US business. The company announced that it will offer mobile betting technology and sports betting risk management services to 11 casinos in Mississippi and West Virginia.

Download related report sample for free:Global Mobile Gambling Market 2017-2021

Bet365

Having added a vast range of betting options and products to their core over the past several years, Bet365 has grown to be one of the largest firms in the sports betting industry. Bet365 was one of the first sports betting company to start offering eSports to bet on. This British online gambling and sports betting company serves more than 23 million customers across the world by offering poker, casino, games, bingo, and sports betting, along with video streams on sporting events. The company recently inked a partnership with another sports betting company – Hard Rock Atlantic City casino to offer sports betting service

Stars Group

The ultimate owner of the most popular gaming brands such as PokerStars, BetStars, PokerStars Casino, and Full Tilt, Star Groups (formerly known as Amaya Gaming) recently announced that it has successfully acquired the Sky Betting and Gaming (SBG). This deal will turn the online poker giant into the largest sports-betting company in the world. Stars Group is one of the most licensed online gaming operators with its subsidiaries holding approvals and licenses in 19 jurisdictions across the world, including the Americas, Australia, and Europe. Star Group brands have millions of customers globally and are leaders in mobile and online betting, casino, poker, and other gaming-related offerings.

Download related report sample for free: Global Online Gambling Market 2018-2022

Draft Kings

DraftKings is one of the most popular daily fantasy sports content providers that allows users to enter fantasy sports-related contests based on team and individual player performance in five largest American sports (the NBA, MLB, the PGA, the NFL, and the NHL), NASCAR auto racing, Premier League and UEFA Champions League soccer, the Arena Football League, Canadian Football League, Mixed Martial Arts (MMA) and Tennis. After the US Supreme Court cleared the way to legalize sports betting, DraftKings got to work immediately, as sports gambling will account for a major share of their business.

Betsson

Betsson is an award-winning sports betting website that has been around since 2006 and literally grew into a gambling empire. The company provides users from all over the world an option to play poker, casino, bingo games and place their bets on various sports events. Betsson is based in Malta and holds a betting license from the gambling commission in the same country as well as one from the United Kingdom as well. Today, its sports betting option is offered on various markets and more and more consumers choose it as a significant option for sports betting.

BetAmerica

BetAmerica made its name in online gambling industry through horse racing, which then branched out into fantasy sports with the launch of FanEx Sports. Today, BetAmerica.com is considered as one of the most legal and secure sports betting companies based in the US. With a wide range of fantasy leagues for MLB, NFL and NBA and more than 200 racing tracks to choose from, BetAmerica is all set to grab the major share in the sports betting industry.

To find out other major sports betting companies in North America, Europe and Asia, download your FREE Global Sports Betting Market Report Samplenow!

Largest Online Gambling Companies In Europe

Global Sports Betting Market Trends

Online betting was brought into the sports industry in the late 1990s and has been growing significantly since then. With the emergence and high penetration of the digital platform, punters have the flexibility in placing bets on sports from any part of the world. Indeed, the digital revolution has given sportsbooks a platform to connect with new customers. Online gambling is one of the fastest growing sectors in the e-commerce industry and is a rapidly growing mode of gambling. The use of digital processes and the growing punter demand will propel the growth of the online gambling industry, while the major sports betting companies in the world are also expected to achieve higher revenues in the near future.

For more market intelligence in the global sports betting market, please check this following report: