10 Biggest Online Gambling Companies Worldwide 2023

Top 10 Biggest Online Gambling Companies in the World

When referring to the top ten biggest online gambling companies in the globe, the majority of the businesses on this list should have annual revenue of hundreds of millions of pounds.

Some countries don’t even allow gambling sites to function in their country.

You should check out our list of top betting companies in Nigeria, most of which are owned by these online gambling companies.

Due to strict betting rules and regulations in different countries, the operations of many betting sites are strictly monitored and regulated to avoid a lot of problems, especially for the economy.

That’s why you’d expect the few gambling sites that are operational to have huge revenues each year.

This fact resulted in many casino sites springing up daily and today, they are so many that the exact number of online gambling companies in the world is relatively changing. As such, besides the wide number of casinos that appeared online, audit sites that review them and compare them for the users also popped up in this space

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Top 10 Biggest Online Gambling Companies In the World

We’ll give you a run-through of the biggest online gambling companies in the world, considering different factors like annual revenues, branches, employee size, and so on.

10. 888 HOLDINGS PLC. (Net Worth: £600 million)

Due to the fact that they generated a staggering £600 million in revenue during the 2019 fiscal year, this is undoubtedly one of the largest gaming organizations in the world.

Even if it seems incredible, they are nonetheless bottom on this list due to that value. That’s to demonstrate what’s to come.

In 1997, Ron Ben-Yitzhak, Shay Ben-Yitzhak, Avi Shaked, and Aaron Shaked launched the business. Virtual Holdings Plc was the previous name of the gaming website, which was finally changed to 888 in 2002.

Before gambling was outlawed there in 2006, the business had its original headquarters there.

Despite the fact that gambling sites are returning to the US, there are still several limitations there. Today, they have their headquarters in Gibraltar.

We assume if the company were not hit hard by the ban of gambling in the US where the company lost over $120 million, they would be positioned higher on this list.

The fact that they remain among ten biggest online gambling companies in the world is a sign of their prominence.

The company has subsidiaries that operate under them including cassava enterprises and dragonfish.

As sports and betting go hand in hand, you should check out this list of 10 most accurate football prediction website.

9. Kindred Group (Revenues: £800 Million)

Although you might not be aware with the company’s name, you undoubtedly know about its subsidiaries, such as UniBet, 32Red, Stan James, and others.

Anders Strom founded the business, which has its headquarters in Malta, in 1997.

Numerous additional European nations, including Belgium, Denmark, France, and Gibraltar, are serviced by the group’s businesses.

As one of the largest online gaming organizations in the world, they have over 1,400 employees and partnerships with several multinational corporations.

The largest of its subsidiaries, Unibet, with more than 15 million users. The Group provides goods like sports betting online.

The company is also among the fastest growing and biggest online gambling companies in the globe.

8. Bet Fred (Revenues: £810 Million)

Aside from being one of the biggest gambling companies in the world, it is also one of the oldest on this list as it was established in 1967.

The group has quite a bit of interesting history to it as the company itself was created from the bet won by the Done brothers who predicted England to become the winners of the 1966 FIFA World Cup.

They received a windfall from the winning and created the group. Ever since then, the business expanded continuously to become one of the biggest today.

Up till date, the company has been solely owned by the Done brothers without any mergers or selling of their rights, making them the 8th biggest online gambling company.

That shows the remarkable leadership of the company, despite losing bets amounting to £1 million to fellow bet proprietor, Victor Chandler who owned Bet Victor.

As one of the biggest gambling companies, the group operates up to 2000 shops around the world employing over 1000 employees, offering Sports bet like, horse racing, rugby league, virtual and so on.

Soon, many of these betting companies will start accepting deposits with any of the 10 most popular cryptocurrencies in the world, Bitcoin already taking the lead.

7. International Games Technology (Revenues: £932 Million)

This is a big gambling company that has been in existence since 1975 and it has undergone different forms of ownership since then.

The company was however founded by William Red who produced and sold slot machines as an American company. The company was then sold to GTech for an undisclosed price.

The company is so big today that it has employees of over 12,000 people working in its different branches around the world.

The company offers slot games such as Elvis, Star Wars, the $25000 pyramid, sale of the century, and so on.

Online gambling games include virtual horse racing, and so on.

The revenues they generated at the end of the 2019 fiscal year of £932 Million is a testament to the fact that the company is one of the biggest online gambling companies in the world.

Related: Top 10 Best betting sites in Kenya

6. William Hill (Revenues: £1.6 Billion)

Among the oldest gambling companies on this list is the William Hill company which was established in 1934.

Due to the illegality of gambling in the United Kingdom at the time, the leadership of the company has changed leadership and ownership several times.

Despite not being the biggest, they are one of the biggest in terms of employee size, hiring the services of more than 16,000 employees operating in up to 2500 shops around the world.

They were able to rake in revenues of up to £1.6 Billion in early 2022.

5. The Stars Group (Revenues: £2.05 Billion)

Through the acquisition of different, top betting companies such as Bet Easy and crown Bet, the Stars Group have grown to become one of the biggest gambling companies in the world.

The company was established in 2001 as Amaya Incorporation. Over its 19 years of operation, 2019 brought its highest returns in terms of revenues, bringing in a massive £2.05 billion.

To name a few of the brands under this division including BetStars and Full Tilt Games. They’re currently the 5th biggest online betting company in the world.

Related: Top 10 Best betting sites in Pakistan

4. Scientific Games (Revenues: £2.75 Billion)

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

The company’s operation is flagged for providing gambling services and also products to other gambling companies. The company operates a UK sports betting platform called OpenBet.

As one of the biggest online gambling companies in the world, it offers products to other gambling companies including 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.

At the end of the 2019 financial year, the company made revenues of up to a mammoth £2.75 billion through their several branches which employs up to 6,000 employees.

3. Bet365 (Revenues: £3 Billion)

Bet365 is a British online gambling giant. It is one of the top 100 betting firms in the world.

It is safe to attribute the exponential growth of Bet365 to the advancement of technology over the years.

The company was founded in 2000 by Denis Coates and the operations of the company are handled and owned by the Coates family.

The company has a stadium to their name, though it is not listed among the largest stadiums in the world.

The company which was then established on a temporary building in stoke in the UK is now one of the biggest online gambling companies in the UK, employing over 5000 people, generating up to £3 Billion in revenues.

Bet365 sponsors about 10 La Liga football teams, isn’t that amazing?

Although, Real Madrid and Barcelona, two of the top 10 richest football clubs in the world, were not included in the sponsorships deals. Bet 365 is the perennial sponsor of Stokes City.

The company stakes a place at 3rd position on this list of biggest online gambling companies in the world as they have a customer base in more than 200 countries all over the world. What a reputation!

2. GVC Holdings (Revenues: £3.7 Billion)

GVC Holdings was founded in 2004 and has subsequently acquired ownership of Ladbrokes and Coral, two of the leading gaming businesses in the UK.

Despite GVC Holdings’ claim to ownership, Ladbrokes-Coral Plc is still commonly used to describe the business.

GVC Holdings, which generates up to £3.7 billion in revenue and employs more than 30,000 people, is by far one of the largest online gambling enterprises in the world.

The highest number on this list to date is this one. Other brands run by GVC include sports bet, Gala, Foxy, and Bwin. Statistics show that compared to other websites on this list, the organization has the most online gamers and bettors.

Flutter Stars Group (Revenues: £3.8 Billion)

This is one company that has experienced growth is many ways as a result of mergers upon mergers.

This brings together the customers, workforce, revenue of each company involved to make a successful joint business. Companies in old in the merger to form the Flutter Stars group includes Paddy Power, Betfair, Sky Bet, and many others.

These merger has proved beneficial to all the parties involved and their cooperation brings them to the top of this list of biggest gambling companies in the world.

Contrast to the GVC Holdings, The Flutter Stars group has more reach on a global scale, and their platforms for gambling are quite diverse.

This is one advantage that comes in from the mergers. This is one of the major reasons why they are expected to hold on to the top position for a long time, as long as the merger holds of course.

Related: List of online bookmakers that accept bitcoin

Biggest Online Gambling Companies In the World (Summary)

It is obvious to see that majority of the old big players in the gambling industry have been displaced or forced to merge with the newer gambling companies.

Only a few gambling sites have been able to retain their ownership since inception and it is clear they have adapted to the changing times.

Here’s a quick recap of the top 10 biggest gambling companies in the world today:

  1. Flutter Stars Group
  2. GVC Holdings
  3. Bet365
  4. Scientific Games
  5. The Stars Grup
  6. William Hill
  7. International Games Technology
  8. Bet Fred
  9. Kindred Group
  10. 888 Holdings Plc

The list shows the worth and value of many top gambling sites but it also show the lucrative aspect of the industry.

Imagine a company generating up to £1 billion in revenues in a year, it’s just crazy. That is absolutely mind-blowing.

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