With the digital revolution fully swing and therefore the simple government regulations on gambling, the sports betting industry is undergoing dynamic transformations over the previous couple of years and consequently surging in popularity round the word, the revenues of the many world’s leading sports betting companies also are growing significantly year on year. Today, sports betting has become one among the fastest growing industries across the planet , offering immense potential for both bettors and sportsbooks. a number of the favored games for sports betting include racing , greyhounding, cricket, football, baseball, basketball and golf.
Global Sports Betting marketing research
Over the previous couple of years, the planet has opened immense opportunities for gamblers to require part in sports betting anywhere within the world through digital platforms, except in those nations where betting is banned. the worldwide sports betting sector occupies the main market share within the overall online gambling industry accounting for quite 40 you look after the worldwide gambling revenue generation. consistent with the Technavio’s market analysts, the sports betting market will grow at a powerful CAGR, with the worldwide sports betting market revenue expected to succeed in nearly $370 billion by 2022.
Top 10 Sports Betting Companies within the Global Gambling Industry
888 Holdings
888 holdings is one among the foremost popular online gaming operators, which operates 888 sports, casino, poker, and bingo brands. Since its launch in 2008, 888 Sports has been successful in establishing a robust presence within the online sports betting market. the web betting site breaks faraway from the normal bookies with exclusive customer deals, a variety of latest markets and a world appeal. Although the corporate exited US market long back due to the strict government regulations, they need been keeping an in depth eye on regulatory developments within the US.
Today, 888 has already positioned itself within the market by partnering with the US-based companies. The potential for the sports betting sector within the US is critical and, because the only firm altogether three regulated US states, 888 is ready to take advantage of the potential growth opportunities within the US market.
GVC Holdings
GVC Holdings is one among the most important sports betting companies and gaming groups. With its unique proprietary technology platform, GVC offers casino, poker, bingo, and sports betting under a number of the industry’s hottest online betting brands including partypoker, CasinoClub, Betboo, Bwin, Foxy Bingo, and Sportingbet. during a spell of acquisitions, GVC Holdings made a milestone €1.1 billion acquisition of online gaming brand bwin party in 2016 and purchased UK rival Ladbrokes Coral in March 2018.
Further, GVC Holdings also confirmed a $200 million venture affect MGM Resorts recently which will see the previous transfer its online sports betting know-how to the latter. This deal will soon cause the launch of a good range of sports betting sites within the US.
Kindred Group
The Stockholm-listed online gambling company, Kindred, continued their record-breaking financial performance in 2018, because of the all-time growth of their active customer-base and therefore the 2018 FIFA World Cup , that led to higher active users. Today, the corporate is considered one among the world’s leading online gambling brands within the sports betting arena. Kindred Group recently signed a 5year agreement with Casino Atlantic City and Hard Rock Hotel in New Jersey. This move is Kindred’s initiative 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 million and £104.9 million during Q2, Kindred continues to witness significant online organic growth.
Paddy Power Betfair
Paddy Power Betfair was born following the merger of Paddy Power plc and Betfair Group in February 2016. Today, the business has four divisions: Online Australia, Irish Retail, UK Retail, and Telephone segments. The company’s Online Australia segment provides sports betting services and is that the market leader within the Australian gambling industry. Its UK and Irish Retail segment operate 623 betting shops across Ireland and UK. it’s a presence in Australia, uk , Ireland and across the planet .
Paddy Power Betfair provides gaming and sports betting services through websites 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 thru a sequence of licensed betting offices.
William Hill
Since 2012, when the UK-listed bookmaker merged three businesses to determine William Hill US, the corporate has grown consistently to realize the market share of around half-hour , making it one among the most important sports betting companies within the UK and therefore the US. William Hill is one among the first movers to reap the advantages from the legalization of sports betting within the US after the Supreme Court’s decision in May to strike out a federal ban passed in 1992. William Hill US is already the leading sports betting company within the US, operating quite 108 race and sports books in Nevada along side the state’s top mobile sports betting app.
The sports wagering giant signed sports betting agreements with variety of casinos within the US last month and is in talks with more operators. the corporate is ramping up hiring in Nevada for growing its US business. the corporate announced that it’ll offer mobile betting technology and sports betting risk management services to 11 casinos in Mississippi and West Virginia .
Bet365
Having added a huge range of betting options and products to their core over the past several years, Bet365 has grown to be one among the most important firms within the sports betting industry. Bet365 was one among the primary sports betting company to start out offering eSports to back . This British online gambling and sports betting company serves quite 23 million customers across the planet by offering poker, casino, games, bingo, and sports betting, along side video streams on sporting events. the corporate recently inked a partnership with another sports betting company – Hard Rock Atlantic City casino to supply sports betting service
Stars Group
The ultimate owner of the foremost popular gaming brands like PokerStars, BetStars, PokerStars Casino, and Full Tilt, Star Groups (formerly referred to as Amaya Gaming) recently announced that it’s successfully acquired the Sky Betting and Gaming (SBG). This deal will turn the web poker giant into the most important sports-betting company within the world. Stars Group is one among the foremost licensed online gaming operators with its subsidiaries holding approvals and licenses in 19 jurisdictions across the planet , including America , Australia, and Europe. Star Group brands have many customers globally and are leaders in mobile and online betting, casino, poker, and other gaming-related offerings.
Draft Kings
DraftKings is one among the foremost popular daily fantasy sports content providers that permits users to enter fantasy sports-related contests supported team and individual player performance in five largest American sports (the NBA, MLB, the PGA, the NFL, and therefore the NHL), NASCAR car racing , Premier League and UEFA Champions League soccer, stage league , Canadian league , Mixed Martial Arts (MMA) and Tennis. After the US Supreme Court cleared the thanks to legalize sports betting, DraftKings need to work immediately, as sports gambling will account for a serious share of their business.
Betsson
Betsson is an award-winning sports betting website that has been around since 2006 and literally grew into a gambling empire. the corporate provides users from everywhere the planet an choice to play poker, casino, bingo games and place their bets on various sports events. Betsson is predicated in Malta and holds a betting license from the gambling commission within the same country also together from the uk also . Today, its sports betting option is obtainable on various markets and more and more consumers choose it as a big option for sports betting.
BetAmerica
BetAmerica made its name in the online gambling industry through racing, which then branched out into fantasy sports with the launch of FedEx Sports. Today, BetAmerica.com is taken into account together by the foremost legal and secure sports betting companies based within the US. With a good range of fantasy leagues for MLB, NFL, and NBA and quite 200 racing tracks to settle on from, BetAmerica is ready to grab the main share within the sports betting industry.
Global Sports Betting Market Trends
Online betting was brought into the sports industry within the late 1990s and has been growing significantly since then. With the emergence and high penetration of the digital platform, punters have the pliability in placing bets on sports from any a part of the planet. Indeed, the digital revolution has given sportsbooks a platform to attach with new customers. Online gambling is one of the fastest-growing sectors within the e-commerce industry and maybe a rapidly growing mode of gambling. the utilization of digital processes and therefore the growing punter demand will propel the expansion of the web gambling industry, while the main sports betting companies within the world also are expected to realize higher revenues within the near future.