If you’ve watched sports TV lately, you’ve probably noticed the online gambling industry is on fire. Revenues are expected to surpass $150 billion domestically by 2030.
Globally, this booming industry is already valued at over half a trillion dollars.
As online gambling brands continue to grow, especially in the US, the biggest casino companies and sports betting operators are expanding quickly.
Many of these companies are likely to become some of the largest in the world, gaining influence comparable to any well-known corporation you recognize today.
With that in mind, let’s take a closer look at the top players in the industry today, along with some insights into who might shape its future – and our sports viewing habits – in the coming years.
Biggest Gambling Companies in the World
Note: The ranking below is based on the latest revenue numbers. The info covers both physical gambling locations and online casino companies.
1. MGM Resorts
- Location: Las Vegas, NV
- Notable holdings: 30+ luxury casino resorts worldwide, BetMGM, Borgata
- Revenue: $17.05 billion
- Trading Symbol: MGM
MGM Resorts International is an old-school name in the gambling world, with operations dating back to the late 1980s in Las Vegas, Nevada. The company operates resorts at physical locations, providing hotel accommodations and a full range of entertainment options.
In addition to physical properties, MGM also offers online gaming services, featuring casino games and sports betting options across global markets. The company operates 30 properties worldwide, including the iconic MGM Grand and the Bellagio. These properties host over 70 million visitors each year, which is why there are over 80,000+ employees.
In terms of internet-based holdings, MGM’s online gambling operations are primarily centered around BetMGM, a mobile gaming operator known for its extensive online casino operation and diverse sports betting options. However, MGM’s size and market capitalization extend beyond mere slot machines and traditional gaming products.
This company is a trailblazer when it comes to exploring new markets in the entertainment industry. Their events are nothing short of spectacular, with performances like Cirque du Soleil that truly stand out. Additionally, MGM Resorts was the first to introduce dynamic casino pricing, setting a precedent in the industry.
2. Flutter Entertainment PLC
- Location: Dublin, Ireland
- Notable holdings: Fanduel, Betfair, Paddy Power, Pokerstars, Sportsbet
- Revenue: $13 billion
- Trading Symbol: FLUT
Flutter Entertainment PLC is currently a major player in the online gambling company. Unlike MGM Resorts, this gaming company is almost entirely web-based, making it one of the largest providers of online casino games and sports betting platforms worldwide.
Originally branded as Paddy Power Betfair, Flutter has expanded dramatically since its 2020 rebrand. Its portfolio now includes several leading online casinos and sportsbooks, including FanDuel, Betfair, and PokerStars.
Operating in over 100 countries worldwide, Flutter offers a wide range of online gambling options, including sports betting, slots, live dealer games, and classic casino games like blackjack, roulette, poker, and bingo.
FanDuel alone commands close to 40% of the U.S. sports betting market share, a feat that places Flutter among the top names in the industry and positions it as a company to watch in the coming years.
It would not be surprising to see Flutter climbing even higher in global rankings soon.
3. Las Vegas Sands
- Location: Las Vegas, NV
- Notable holdings: The Venetian Macao, The Parisian Macao, The Plaza Macao & Four Seasons Hotel Macao
- Revenue: $11.5 billion
- Trading Symbol: LVS
Las Vegas Sands is known for its luxury land-based casinos. The company was launched by Sheldon Adelson and has managed to redefine how people see casino resorts. They did this simply by combining traditional gambling with entertainment, dining, and a bit of retail shopping.
Even basic market research unveils some of the iconic properties under the LVS umbrella like The Venetian and The Palazzo in Las Vegas, along with Marina Bay Sands in Singapore, a true architectural marvel in Asia.
Though it has yet to secure a big online gambling presence, Las Vegas Sands attracts tech-savvy players by hosting prestigious high-stakes poker tournaments and adding digital gaming options.
4. Caesars Entertainment
- Location: Las Vegas, NV
- Notable holdings: Caesars Palace, William Hill, Harrah’s, Horseshoe, Eldorado
- Revenue: $11.4 billion
- Trading Symbol: CZR
Caesars Entertainment Limited dates back to 1937, with its Las Vegas location being one of the most iconic casinos ever. But Caesars’ online casino is also strong enough to make Caesars Entertainment one of the top online gambling companies.
Beyond the luxury of its physical casinos, Caesars has one of the most famous loyalty programs in casino gaming known as Caesars Rewards, which includes over 65 million members.
In 2021, Caesars Entertainment made a major move into the online gambling market by acquiring William Hill. However, the company sold this asset just a year later.
If we were to highlight casino games Caesars is known for, poker would be at the top of the list, thanks to the luxurious tournaments the company regularly hosts.
While Caesars is one of the largest gambling operators globally, its relatively limited focus on online gambling could be a challenge in the years ahead.
5. Wynn Resorts
- Location: Las Vegas, NV
- Notable holdings: Wynn and Encore records
- Revenue: $7.1 billion
- Trading Symbol: WYNN
Founded by Steve Wynn, Wynn Resorts is a gambling company centered around physical casinos. It gained prominence by expanding to Asia. In Macau, the Wynn Palace Cotai has established itself as one of the most luxurious resorts in the world.
In recent years, Wynn Resorts has been more focused on diversifying its portfolio while also expanding its digital footprint.
A notable collaboration is with Related Companies on the Hudson Yards development in New York City, a project set to transform Manhattan’s West Side with a unique resort that will create thousands of jobs.
In online gambling, Wynn runs WynnBet for sports bettors. They also have the Wynn Slots App for fans of classic online casino games.
6. Penn National Gaming
- Location: Wyomissing, PN
- Notable holdings: Hollywood Casino, Ameristar, Boomtown
- Revenue: $6.3 billion
- Trading Symbol: PENN
Penn Entertainment, formerly known as Penn National Gaming, is the first of the largest gambling companies not based in Nevada. The company operates over 40 facilities across 19 states, featuring brands like Hollywood Casino and Ameristar.
On the digital front, Penn Entertainment has made strides by purchasing the Barstool Sportsbook app, although it later sold it back to Dave Portnoy. The company has also invested in the iGaming sector through its acquisition of HitPoint Studios.
Regarding physical locations, Hollywood Casino at Charles Town Races plays a major role in Penn’s financial success in the Mid-Atlantic region.
7. Entain PLC
- Location: Douglas, Isle of Man
- Notable holdings: Bwin, Ladbrokes, PartyPoker, Coral, Sportingbet
- Revenue: $5.2 billion
- Trading Symbol: ENT.L
Entain PLC might not sound like a household name, but the company is behind several major players in the online gambling space, especially in the UK and Europe.
This British company operates Ladbrokes, Bwin, Coral, and PartyPoker. In the digital realm, Entain has also established a strong presence through partnerships with MGM Resorts International, including their co-ownership of the BetMGM platform.
This made Entain one of the top players in the US online gambling market, not just on the old continent.
8. Melco Resorts & Entertainment
- Location: Hong Kong
- Notable holdings: City of Dreams, Studio City, Altira Macau, Mocha Clubs
- Revenue: $4.38 billion
- Trading Symbol: MLCO
Melco Resorts & Entertainment is the company behind a host of world-class gaming resorts, including City of Dreams, Studio City, and Altira Macau. Gambling fans recognize City of Dreams for its iconic architectural design and The House of Dancing Water show.
The firm focuses on premium mass market segments while maintaining a diversified portfolio. Recent financial reports show a steady revenue growth, thanks to the recovery in travel and tourism post-pandemic.
Like several competitors, Melco Resorts has proactively expanded its footprint beyond Macau. The firm has secured a license to develop an integrated resort in Yokohama, Japan, all while embracing the latest tech and AI-driven personalization.
9. International Game Technology PLC
- Location: London, UK
- Notable holdings: IGT PlaySports
- Revenue: $4.31 billion
- Trading Symbol: IGT
International Game Technology PLC (IGT) has grabbed its share of the online gambling market by offering proprietary gaming products.
The casino games crafted by IGT are diverse, ranging from slot machines to lottery systems like bingo. Their slots are the highlight of the catalog, with famous titles like the Wheel of Fortune, Cleopatra, and the Megabucks series.
You can find many of these casino games at renowned online gambling platforms like Bet365, BetMGM, William Hill, 888 Casino, and more.
10. DraftKings
- Location: Boston, MA
- Notable holdings: DraftKings
- Revenue: $4.3 billion
- Trading Symbol: DKNG
The DraftKings site alone has become a massive platform, allowing its owner to emerge as one of the largest online gambling companies. Launched in 2012, DraftKings gained traction with its daily fantasy sports (DFS) platform, which enables users to participate in fantasy contests across various leagues.
Today, DraftKings has morphed into one of the biggest betting companies, covering both professional and collegiate sports betting markets. The platform also features DraftKings Casino, offering traditional online casino games and live dealer experiences.
DraftKings’ growth has seen it achieve multiple significant milestones and achievements, including its public listing on the NASDAQ.
Dominating the Present in the Face of an Uncertain Future
MGM Resorts currently stands as the largest casino company in the world, boasting some of the most iconic physical casinos along with a strong presence in the online gambling market.
In addition to MGM, the list of the biggest online gambling companies includes Flutter Entertainment PLC, the Irish powerhouse behind FanDuel and Betfair, as well as the formidable DraftKings.
While these companies are the dominant forces in the industry right now, the only constant in today’s online gambling market is change. Expect quite a shakeup on this list in the coming years, with the top corporations to become as well-known as Walmart, Amazon, or any other major global brand.
