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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 may also be growing considerably year on year. Today, sports betting is 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 reportGlobal Sports Betting Market 2018-2022, or download yourFREE Global Sports Betting Market Report Samplenow!
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 onlinegambling 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?
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 was successful in establishing a powerful 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 prospect of 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 is one of the largest sports betting companies and gaming groups. Using 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 brandbwin partyin 2016 and acquired UKrival 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 cause the launch of a wide range of sports betting web sites in the US.
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 undoubtedly 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 millionand £104.9 millionduring Q2, Kindred continues to witness significant online organic growth.
Read more :Why Sports Betting is the reason the Largest Share associated with the Gambling Market
Paddy Power Betfair was born following a merger of Paddy Power plc and Betfair Group in February 2016. Today, the business enterprise has four divisions: Online Australia, Irish Retail, UK Retail, and Telephone segments. The company’s Online Australia part 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 sites 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.
Since 2012, once the UK-listed bookmaker merged three businesses to establish 1xbet 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. 1xbet 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. 1xbet 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 amount of casinos in the US last month and is in talks with an increase of 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
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 businesses in the sports betting industry. Bet365 was one of the first sports betting company to start offering eSports to bet on. This Britishonline gamblingand 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
The ultimate owner of the very 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 on earth. Stars Group is one of the most licensed online gaming operators using 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
DraftKings is one of the most popular daily fantasy sports content providers that allows users to enter fantasy sports-related contests according to 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 is an award-winning sports betting internet site that has been around since 2006 and literally grew in to 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 in addition to 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 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.
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Online betting was brought into the sports industry in the late 1990s and has been growing considerably ever since then. With the emergence and high penetration of the digital platform, punters have the flexibility in placing bets on sports from any area of the world. Indeed, the digital revolution has given sportsbooks a platform to get in touch with new customers. Online gambling is one of the fastest growing sectors in thee-commerce industryand 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, as the major sports betting companies in the world may also be expected to achieve higher revenues in the near future.