05 Aug
Sports Betting Industry Outlook
The sports betting industry expected to reach USD 8 billion by 2025, led by the innovations of the top 10 largest sports betting companies in the world. As investors and the largest sports gambling companies run up the score, the industry is heading towards a promising future as the US Supreme Court cleared the way for all 50 states offering legal sports betting. The sports betting industry is growing at a stellar rate; by 2024, the sports betting industry is expected to reach USD 155.49 billion — growing at a healthy CAGR of 8.83%. BizVibe’s largest sports gambling companies list is led by International Game Technology, generating USD 4.69 billion as the largest sports betting company in the world by revenue. The top 3 is then rounded out by GVC Holdings, and Bet365.
This fact sheet is to breakdown the top sports betting companies in the world by revenue as of 2020, but ultimately the goal is to assist business professionals, investors, and people in general that are interested in gaining insights into the global sports betting industry including:
- Discover who are the top 10 largest sports betting companies by revenue?
- A list of sports betting companies innovating in the industry and their products, services, and brands.
- Sports betting industry trends and stats you should know in 2020
BizVibe is already helping the largest sports gambling companies in the world connect. Connect and track the latest news and insights from these companies.
Sports Betting Industry Trends and Stats
- The sports betting market expected to reach USD 8 billion by 2025.
- The sports betting industry is expected to reach USD 155.49 billion by 2024.
- Massive consumer and media interest for high profile sports such as the NFL, FIFA, UEFA Champions League, NBA, and MLB is one of the key factors driving growth in the industry.
- The legalization of sports betting will have a positive impact on the industry.
- APAC region to hold about half of the world’s sports wagers.
- The United States is the fastest-growing market.
- Sports betting holds more than 40% of the world’s gambling income.
Top 10 Sports Betting Companies in the World by Revenue in 2020
Who are the largest sports gambling companies in the world by revenue as of 2020? The following is a list of sports betting companies ranked by their revenues, notoriety, and popularity in 2020.
Rank | Sports Betting Company | Revenue (USD billions) | Headquarters |
| 1 | International Game Technology | 4.69 | London, England |
| 2 | GVC Holdings | 4.33 | Douglas, Isle of Man |
| 3 | Bet365 | 3.9 | Stoke-on-Trent, England |
| 4 | Scientific Games | 3.36 | Las Vegas, Nevada |
| 5 | Flutter Entertainment | 2.64 | Dublin, Ireland |
| 6 | William Hill PLC | 2.28 | London, England, UK |
| 7 | The Stars Group | 2 | Toronto, Ontario, Canada |
| 8 | Playtech | 1.75 | Douglas, Isle of Man |
| 9 | Kindred Group | 1.28 | Malta |
| 10 | 888 Holdings | 0.56 | Europort, Gibraltar |
1. International Game Technology
Ranking number 1 on BizVibe’s list of the top 10 largest sports betting companies in the world by revenue as of 2020 is International Game Technology, a multinational gambling company that produces slot machines and other gambling technology. International Game Technology’s headquarters are in London, with major offices in Rome, Providence, Rhode Island, and Las Vegas. Italian holding company De Agostini controls a 51 percent stake in the company. International Game Technology generated revenues of USD 4.69 billion last year, making it the largest sports betting company in the world.
- Founded: 1990
- IGT Headquarters: London, England
- IGT Revenue: USD 4.69 billion
- IGT Number of Employees: 12,000
International Game Technology Products and Services
- Slot machines, lotteries, gaming technology.
2. GVC Holdings
Ranking 2nd on this list of the top 10 largest sports betting companies in the world by revenue is GVC Holdings, a British sports betting and gambling company. GVC Holdings was founded in Luxembourg in 2004 as Gaming VC Holdings. The company is headquartered in the Isle of Man and has licences in more than 18 countries. GVC Holdings generated revenues of USD 4.33 billion last year, making it one of the largest sports gambling companies by revenue in the world. GVC operates consumer-facing brands in the online gambling industry, including sports labels such as Ladbrokes Coral Group, bwin, Sportingbet, Betboo, Gamebookers, VistaBet, Neds, and more. The company also operates Games labels such as partypoker, partycasino, and more.
- Founded: 2004
- GVC Holdings Headquarters: Douglas, Isle of Man
- GVC Holdings Revenue: USD 4.33 billion
GVC Holdings Products and Services
- Sports labels: Ladbrokes Coral Group, bwin, Sportingbet, Betboo, Gamebookers, VistaBet, and Neds.
- Games labels: partypoker, partycasino, CasinoClub, Cashcade, Foxy Bingo, Foxy Casino.
3. Bet365
Rankings 3rd on our list of sports betting companies ranked by revenue is Bet365, a British online gambling company based in the United Kingdom and one of the most popular online betting sites in terms of market share. The company was founded by Denise Coates, a British billionaire businesswoman and the majority shareholder and joint chief executive for Bet365 alongside her brother, John. Bet365 is an online gambling company offering sports betting and casino type games. Bet365 employs over 4646 people and last year generated USD 3.9 billion, making it one of the largest sports gambling companies in the world by operation and revenue.
- Founded: 2000
- Bet365 Headquarters: Stoke-on-Trent, England
- Bet365 Revenue: USD 3.9 billion
- Bet365 Number of Employees: 4646
Bet365 Products and Services
- Online betting & gaming
4. Scientific Games
Ranking 4th on this list of the top 10 largest sports betting companies by revenue in the world is Scientific Games Corporation, an American corporation that provides gambling products and services to lottery and gambling organizations across the globe. The company is headquartered in Las Vegas, Nevada and specializes in products such as computerized and mechanical slot machines, table games, iGaming 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. Last year Scientific Games generated USD 3.36 billion in revenue, making it one of the top online sports betting companies in the world as of 2020.
- Founded: 2000
- Scientific Games Headquarters: Las Vegas, Nevada
- Scientific Games Revenue: USD 3.36 billion
- Scientific Games Number of Employees: 9,700
Scientific Games Products and Services
- computerized and mechanical slot machines, table games, iGaming 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.
5. Flutter Entertainment
Ranking 5th on this list of the top 10 sports betting companies in the world by revenue is Flutter Entertainment, a bookmaking holding company created by the merger of Paddy Power and Betfair, and the later acquisition of The Stars Group. Flutter Entertainment operates various brands including Adjarabet, BetEasy, Betfair, FanDuel, FOX Bet, Full Tilt Poker, Paddy Power, PokerStars, Sky Bet, Sportsbet.com.au, Timeform and TVG Network. Flutter Entertainment generated revenue of USD 2.64 billion last year making it a well-recognized gambling company.
- Founded: 2016
- Flutter Entertainment Headquarters: Dublin, Ireland
- Flutter Entertainment Revenue: USD 2.64 billion
Flutter Entertainment Brands
- Adjarabet
- BetEasy
- Betfair
- FanDuel
- FOX Bet
- Full Tilt Poker
- Paddy Power
- Pokerstars
- Sky Bet
- com.au
- Timeform
- TVG Network
6. William Hill PLC
William Hill plc is a bookmaker based in London, England, and one of the top 10 sports betting companies in the world. Generating USD 2.28 billion, William Hill ranks 6th on this list by revenue. The company operates worldwide, employing approximately 14,000 people with main offices in the UK, Republic of Ireland, and Gibraltar, offering betting by phone and Internet together with their 1,568 UK-wide Licensed Betting Offices. The company operates online sportsbook operations as well as online casino games, ‘skill games’, online bingo and online poker.
- Founded: 1934
- William Hill Headquarters: London, England, UK
- William Hill Revenue: USD 2.28 billion
- William Hill Number of Employees: 16,000
William Hill plc Products and Services
- Bookmaking, betting shops, online gambling.
7. The Stars Group
The Stars Group ranks 7th on this list of the top 10 largest sports betting companies in the world by revenue, generating USD 2 billion last year. The Stars Group is a Canadian gaming and online gambling company headquartered in Toronto, Ontario, Canada. The company produces and offers online gaming products and services including poker, casino, and sportsbook through its online gaming division, Stars Interactive. These online brands are PokerStars, PokerStars Casino, BetStars, and Full Tilt Poker.
- Founded: 2001
- The Stars Group Headquarters: Toronto, Ontario, Canada
- The Stars Group Revenue: USD 2 billion
- The Stars Group Number of Employees: 4,500
The Stars Group Products and Services
- PokerStars, Full Tilt Poker, Sky Betting & Gaming, BetStars, PokerStars Casino, PokerStars Championship, PokerStars Festival, PokerStars MEGASTACK.
8. Playtech
Playtech ranks 8th on this list of the top 10 biggest sports betting companies in the world, generating USD 1.75 billion last year. Playtech is a gambling software development company founded in 1999. Playtech provides software for online casinos, online poker rooms, online bingo games, online sports betting, scratch games, mobile gaming, live dealer games, and fixed-odds arcade games online.
- Founded: 1999
- Playtech Headquarters: Douglas, Isle of Man
- Playtech Revenue: USD 1.75 billion
Playtech Products and Services
- Online gaming and casino software and associated services.
9. Kindred Group
Kindred Group is an online gambling operator which consists of 11 brands, among them Unibet, Maria Casino, 32Red, and iGame. Kindred Group offers products such as online casinos, online poker, online bingo, and sports betting. Last year Kindred Group generated USD 1.28 billion, ranking 9th on this list of sports betting companies by revenue. Kindred Group operates in many locations, including Australia, Belgium, Denmark, Estonia, France, Gibraltar, Guernsey, Italy, Malta, Sweden, and the UK.
- Founded: 1997
- Kindred Group Headquarters: Malta
- Kindred Group Revenue: USD 1.28 billion
- Kindred Group Number of Employees: 1400
10. 888 Holdings
Rounding out BizVibe’s list of the top 10 largest sports betting companies by revenue is 888 Holdings, a public company that owns several popular gambling brands and websites. Based in Gibraltar, 888 Holdings operates well-known brands such as 888casino, 888poker, 888sport, and Wink Bingo. 888sport is 888’s sports betting brand that launched in 2008. The site offers both horse track betting and sports betting, in addition to access to 888 Holdings’ other sites.
- Founded: 1997
- 888 Holdings Headquarters: Europort, Gibraltar
- 888 Holdings Revenue: USD 560 million
- 888 Holdings Number of Employees: 1,350
888 Holdings Brands
- 888casino, 888poker, 888sport, Wink Bingo
This is BizVibe’s list of the top 10 largest sports betting companies in the world in 2020 by revenue. These leading companies are changing online gambling and the sports betting industry is operating in 2020.
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The Future of the Sports Betting Industry
Americans spent USD 8.5 billion on sports wagering along just in College basketball last year. As the US Supreme Court ruled to legalize sports betting in all 50 states and with the growth of sports betting in the APAC region, expect the global sports betting industry to keep growing at stellar rates. Led by the top 10 largest sports betting companies in the world, the future for sports betting looks promising.
