You may look at the betting and gambling industry and think there is a lot of healthy competition, with hundreds of brands now vying for our pennies. Many companies however, although they might seem independent, are in fact part of the same group, and you may never know it. As with many markets, there are in fact a few big players and the rest are left to scramble for the remainder of the custom.
With the digital revolution in full swing and the ease of government regulations on gambling, the sports betting industry is undergoing dynamic transformations over the last few years and consequently surging in popularity around the word, the revenues of many world’s leading sports betting companies are also growing significantly year on year. Today, sports betting has become one of the fastest growing industries across the world, offering immense potential for both bettors and sportsbooks. Some of the popular games for sports betting include horse racing, greyhounding, cricket, football, baseball, basketball and golf.
Top 10 Sports Betting Companies in the Global Gambling Industry
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Largest Gambling Companies by Revenue
According to a report by Statista, the US-based company MGM Resorts is the largest gambling company by revenue in the world in 2017, after generating about USD 10.77 billion in revenue in the last year. Their annual revenue easily outpaces the income generated by any bookmaker, even the largest one, with leading bookmakers usually reporting annual revenues in the single digit range. Last year, MGM Resorts outpaced Las Vegas Sands, which reported revenues of USD 11.69 billion in the preceding year.Top 10 Sports Betting Companies in the Global Gambling Industry .
The global casino gaming revenue stands at some USD 180 billion last year with US market generating over USD 70 billion in annual casino gaming revenues. More than half of the largest casino companies are in the United States, including MGM Resorts, of Las Vegas Sands and Caesar’s Entertainment. Three of the other top casino companies are in Hong Kong, while Macau in China is generating around USD 62 billion in annual gambling revenues.
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