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Biggest Sports Betting Companies: Top 10 Largest Gambling Firms In World

Biggest Sports Betting & Gambling Companies

The sports betting data company sector consists of businesses that offer services and products that enable individuals to place bets on the outcomes of athletic events, such as horse or dog racing, soccer and football matches, or horse or dog racing.

Some businesses in the industry serve as sportsbooks, which are bookmakers for sports betting, while others supply the software and technology platforms that enable other businesses to operate as sportsbooks.

Numerous businesses provide other services, including ownership and operation of casinos and online betting services. DraftKings Inc., Flutter Entertainment PLC of Ireland, and Caesars Entertainment Inc. are some of the industry’s most recognizable companies.

Since the U.S. Supreme Court overturned a federal ban on sports betting in 2018, the industry has expanded rapidly.

12 Since 1992, U.S. regulations on sports betting have effectively limited the legal market to Nevada.

Since the repeal of the prohibition, state governments have started considering legislation permitting retail and online sports betting on a wide variety of athletic events.

By 2025, the sports betting business is anticipated to reach USD 8 billion, spearheaded by the innovations of the world’s 10 largest sports betting organizations.

Since the U.S. Supreme Court cleared the door for all 50 states to offer legal sports betting, investors and the top sports gambling organizations are optimistic about the sector’s future.

The sports betting sector is expanding at a phenomenal rate; by 2024, it is projected to reach USD 155.49 billion, expanding at a strong CAGR of 8.83 percent.

  • The market for sports betting is anticipated to reach $8 billion by 2025.
  • The sports betting market will reach 155.49 billion U.S. dollars by 2024.
  • Massive consumer and media interest in high-profile sports like the NFL, FIFA, UEFA Champions League, NBA, and MLB is one of the most important reasons fueling business expansion.
  • The sector will benefit from the legalization of sports betting.
  • The APAC area will house almost half of the world’s sports betting.
  • The United States is the market with the most rapid growth.
  • More than forty percent of the global gambling revenue is generated by sports betting.

10 Biggest Sports Betting Companies


It is one of the fantasy sports betting companies in the world, generating a staggering £600 million for the 2019 fiscal year.

Regardless of how mind-blowing this value may sound, it still places them at the bottom of the list. It serves as a preview of what is to come.

Avi Shaked, Aaron Shaked, Shay Ben-Yitzhak, and Ron Ben-Yitzhak formed the firm in 1997. In 2002, the company formerly known as Virtual Holdings Plc relaunched its gaming website as 888.

The corporation was formerly headquartered in the United States of America until 2006, when gambling was prohibited.

Even though online gambling is returning to the United States, several regulations are still in place. Today, its headquarters are located in Gibraltar.

We presume that the firm would be ranked higher on this list if it had not been severely impacted by the prohibition of gambling in the United States, where it lost over $120 million.

The fact that they continue to rank among the 10 largest online gaming organizations globally indicates their significance. Cassava businesses and dragonfish are among the company’s subsidiaries.

02. Bet Fred

In addition to being one of the largest gaming organizations in the world, this company was founded in 1967, making it one of the oldest on this list.

The firm was founded due to a wager won by the brothers Done, who correctly predicted that England would win the 1966 FIFA World Cup.

They gained a windfall from their victory and used it to form a group. Since then, the company has grown steadily to become one of today’s largest.

The Done brothers have been the only owners of the firm without any mergers or sales of their interests, making it the eighth largest online gaming corporation.

It demonstrates the extraordinary leadership of the organization, despite losing £1 million in wagers to Victor Chandler, who controlled Bet Victor.

As one of the world’s largest gambling firms, the group manages up to 2,000 betting shops with over 1,000 staff, giving wagers on horse racing, rugby league, virtual sports, etc.

03. International Games Technology

It is a large gaming enterprise that has existed since 1975 and has had many ownership structures.

However, the corporation was created by William Reed, an American manufacturer, and seller of slot machines. The business was subsequently sold to GTech for an unknown sum.

The organization is now so large that it has over 12,000 workers operating in its many international subsidiaries.

The firm provides slot machines with themes such as Elvis, Star Wars, the $25,000 pyramid, and the sale of the century, among others.

Examples of online gambling games include virtual horse racing, etc. The conclusion of the 2019 fiscal year with sales of £932 million demonstrates that the firm is one of the largest online gaming organizations in the world.

04. Kindred Group

You may not know the company’s name, but you are undoubtedly acquainted with its subsidiaries, such as Unibet, 32Red, Stan James, etc.

Anders Strom also founded the firm in 1997, with its headquarters located in Malta. The group’s companies operate in several other European nations, including Belgium, Denmark, France, and Gibraltar.

As one of the online sports betting companies globally, they have partnerships with several multinational corporations and employ over 1,400 people.

Unibet is the subsidiary with the most clients, at over 15 million. The group provides services, including online sports betting.

The firm is also one of the world’s top sports betting companies and the most rapidly expanding online gaming organization.

05. William Hill 

The William Hill firm was founded in 1934, making it one of the oldest gaming organizations on our list.

Due to the illegality of gambling in the United Kingdom at the time, the company’s leadership and ownership have changed often.

Despite not being the largest company, they are one of the largest workforce sizes, employing more than 16,000 workers in up to 2500 stores worldwide. Early in 2020, they could generate up to £1.6 billion in revenue.

06. Scientific Games 

Scientific games is an American gaming firm founded in 1917 by John Koza and Daniel Bower as Autotote.

The business is highlighted for supplying gaming services and products to other gambling businesses. OpenBet is the company’s platform for sports betting in the United Kingdom.

It provides computerized and mechanical slot machines, table games, gaming and iLottery products, instant lottery games, lottery gaming systems, terminals and services, internet applications, server-based interactive gambling terminals, gambling control systems, social gaming, and sports betting to other online gambling companies.

After the 2019 fiscal year, the company’s several branches, which employ up to 6,000 people, generated £2.75 billion in sales.

07. The Stars Group 

The Stars Group has evolved to become one of the largest gambling firms in the world with the purchase of many leading betting companies, such as Bet Easy and crown Bet.

The firm was founded in 2001 under the name Amaya Incorporation. In its 19 years of operation, 2019 produced the largest revenue returns, generating a staggering £2.05 billion.

Among the brands that fall under this sector are BetStars and Full Tilt Games. Currently, they are the fifth-largest online betting organization in the world.

08. Bet365

Bet365 is the largest online gambling company in the United Kingdom. It is among the top one hundred betting companies around the globe.

It is reasonable to attribute Bet365’s exponential growth throughout the years to technology development.

Denis Coates launched the firm in 2000, and the Coates family currently runs and owns the business.

The firm owns a stadium; however, it does not rank among its largest stadiums.

The firm, which was first formed in temporary premises in Stoke, United Kingdom, is today one of the largest online gambling enterprises in the United Kingdom, employing over 5000 people and earning revenues of up to £3 billion.

Amazingly, Bet365 supports around 10 La Liga football teams. Real Madrid and Barcelona, two of the ten richest football teams globally, were excluded from the sponsorship arrangements. Bet 365 is Stokes City’s recurring sponsor.

The firm occupies the third spot on this list of the largest online gambling companies in the world, with customers in more than 200 countries worldwide. What a standing!

09. GVC Holdings

GVC Holdings was founded in 2004 and has subsequently acquired control of other leading U.K. gambling firms, including Ladbrokes and Coral.

Even though GVC Holdings has claimed ownership, most people still refer to the corporation as Ladbrokes-Coral Plc.

GVC Holdings is one of the largest online gambling enterprises in the world by a wide margin, with sales of up to £3.7 billion and more than 30,000 people.

It is the highest number reported on this list so far. GVC manages more brands like sports bet, Gala, Foxy, and Bwin. According to data, the organization has more online gamers and bettors than any other site on this list.

10. Flutter Stars Group 

It is a firm that has grown in several ways due to the merger after the merger. It combines each firm’s customers, employees, and income to create a prosperous joint venture. In the merger that formed the Flutter Stars group, Paddy Power, Betfair, and Sky Bet were among the former companies.

This merger has benefited all parties concerned, and their collaboration propels them to the top of this list of the world’s largest gaming firms.

In contrast to GVC Holdings, The Flutter Stars group has more worldwide reach, and its gaming platforms are fairly broad.

It is one advantage brought about by the mergers. Assuming the merger holds, this is one of the primary reasons they are projected to maintain their leadership position for an extended period.

 Sports Betting FAQs

What is the biggest betting sport?

Football is undoubtedly the most popular sport for wagering in the United States. Additionally, the game is the second most wagered upon worldwide.

The NFL accounts for approximately half of all sports wagers placed in the United States. As for individual events, the Super Bowl is the most popular sporting event for betting.

How much money is gambled on sports each year?

There are 30 states (plus D.C.) with professional sports betting marketplaces; these sportsbooks produced $4.29 billion in revenue on $57.2 billion in handle in 2021. (these figures exclude tribal-run sportsbooks).

Do Americans bet on soccer?

After the United States hosted the World Cup in 1994, soccer, still known as football in most countries, grew in popularity. Currently, the main English soccer leagues are heavily covered by NBC Sports. Soccer odds are the most popular wagering option at online casinos and brick-and-mortar sportsbooks.

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