Sports betting, also called sports gambling, is one of the most popular forms of gambling that involves the activity of predicting sports results and wagering on the outcome. Sports bettors wager either legally or illegally. They can wager on which team wins a game and how many goals or runs two teams will score in a game or event. Horse racing, dog racing, and boxing are among the sports that have a history of having a lot of betting, but more and more bettors are wagering on the results of most professional sports.
This sports betting market has attracted numerous companies eager to capitalize on the demand for sports wagering. In this blog post, we will unveil the top 10 companies in the market. The global sports betting market was valued at USD 70.23 billion in 2021 and is expected to reach USD 178.68 billion with a CAGR of 11.7% during the forecast period.
- 888 Holdings: 888 Holdings is one of the world’s leading betting and gaming companies that offers sports betting services in addition to casino and poker products. The company owns brands such as 888casino, 888poker, 888sport, Mr Green, and William Hill.
- Amaya gaming: Amaya Gaming, now known as The Stars Group Inc., headquartered in Toronto, Ontario, Canada, is a Canadian gaming and online gambling company. Over the years, the company expanded its portfolio to include various other gaming verticals, such as casino games, sports betting, and daily fantasy sports.
- Bet365 Group: It is a British online gambling company that was founded in the United Kingdom. The company has established a massive international customer base across various sports, including football, tennis, cricket, basketball, poker, horse racing, and bingo rooms online.
- William Hill: It is one of the oldest and most reputable bookies in the world. With a significant following in both the UK and the US, it has a long history of providing a variety of sports betting options, including football, horse racing, and more.
- Paddy Power: Irish bookmaker Paddy Power is known for its witty advertising efforts. The business combined with Betfair to form Flutter Entertainment, which has a significant influence in the sports betting industry, particularly in the UK and Ireland.
- DraftKings: DraftKings, an American daily fantasy sports contest and sports betting firm, enables users to enter daily and weekly fantasy sports competitions to compete for cash prizes based on the performance of specific players in the top five American sports.
- Fan duel: FanDuel is one of the top fantasy sports and sports betting company, known for its user-friendly platforms and innovative approach to gaming. The company aims to make sports more exciting and engaging for fans while providing opportunities for them to win real money.
- Gala Coral Group: Gala Bingo is an online bingo and casino offering under the ownership of Entain. The company primarily operates casinos, bingo rooms, and licensed betting offices in the United Kingdom and Italy.
- GVC Holdings: GVC Holdings is a multinational sports betting and gaming company with a significant presence in the global gambling industry. GVC Holdings was founded in 2004 and initially focused on providing sports betting and gaming services through various online brands.
- Kindred Group: Kindred Group is a leading online gambling company based in Stockholm, Sweden. The company was founded in 1997 and primarily focuses on online sports betting, casino games, poker, and other forms of online gambling.
These top 10 businesses have succeeded in standing out because of their creativity, market presence, and user-friendly platforms. These companies will probably be extremely important in determining the direction of sports betting as the market develops and grows.