When speaking about the top ten biggest online gambling companies in the world, you’d expect most of the companies on this list to have turnovers worth hundreds of millions of pounds in revenue at the end of a working year.
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 gambling sites springing up daily and today, they are so many that the exact number of online gambling companies in the world is relatively changing.
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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)
This is definitely one of the biggest gambling companies in the world, as they generate a whopping sum of £600 million in the 2019 financial year.
As mind blowing as it might sound, that value still makes them the last on this list. That is to show you what is to come.
The company was founded by Avi Shaked, Aaron Shaked, Shay Ben-Yitzhak and Ron Ben-Yitzhak in 1997. It was formerly known as Virtual Holdings Plc but finally rebranded the gambling site to 888 in 2002.
The company was initially based in the United States of America until gambling was banned from the country in 2006.
Though gambling sites are seeing a return to the US, it’s still full of restrictions. 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)
You might not be familiar with the company name but you surely will have an idea about the subsidiaries that operate under the company like UniBet, 32Red, Stan James etc.
The company was established also in 1997 by Anders Strom, with its headquarters situated in Malta.
The group’s subsidiaries has operations in many other countries in Europe including Belgium, Denmark, France and Gibraltar.
As one of the biggest online gambling companies in the world, they have partnership with several multilateral companies, over 1,400 employees.
Unibet is the biggest of its subsidiaries having more than 15 million customers. The Group offers products such as online sports betting.
The group is also one of the fastest growing and largest online gambling companies in the world.
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 2020.
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.
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?
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 established in 2004 and has since obtained ownership of other top gambling companies in the UK namely the Ladbrokes and also Coral.
Despite having their ownership claimed by the GVC Holdings, most people still refer to the company as Ladbrokes-Coral Plc.
GVC Holdings is one of the biggest online gambling companies in the world by miles as it makes up to £3.7 billion in revenues and also employs the services of more than 30,000 employees.
This is the highest figure recorded so far on this list. GVC operates other brands like sporting bet, Gala, Foxy, and Bwin. According to statistics, the company has more online players and bettors than any other site on this list.
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.
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:
- Flutter Stars Group
- GVC Holdings
- Scientific Games
- The Stars Grup
- William Hill
- International Games Technology
- Bet Fred
- Kindred Group
- 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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