Top 10 Biggest Gambling Companies in the World (by Revenue)

Article by : Erik Gibbs Jul 17, 2024

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Jackpots of over $8 million dollars look great, but what about the $16,674,423,000 amount associated with online gambling? But in this case, we’ll talk about the amounts which were earned by top gambling companies as their annual revenue in 2024, and MGM Resorts from the United States is the leader in this industry. Nevertheless, the achievements of other brands are just as outstanding, so we’ve prepared a ranking of the top 10 biggest online gambling companies to highlight their best products and the annual revenue, so it’s going to be an inspiring review about the leaders of the market.

The Ranking Game: How We Determined the Titans

To determine the strongest online gambling brands, our team analysed the annual revenue of the leading brands, as well as other qualities like the market capitalization, earnings, global footprint, and brand recognition. This complex approach allows us to reveal companies which stand out due to their innovative approach, engaging products for players, and their inspiring stories.

• Revenue: By analysing the company’s overall revenue generated through gambling operations, we can understand how strong the company’s marketing strategy is.
• Market Capitalization: The total market value reflects investor confidence, which shows how the company influences the iGaming sector and attracts investors.
• Earnings: From this point, we can understand whether the company’s development strategy is successful, paying attention to its most valuable products.
• Global Footprint: Considering the company’s reach across different countries and markets, we can learn what regulations it meets and who its consumers are.
• Brand Recognition: Well-established brands within the gambling industry deliver high-quality products and set the industry standards, and we consider this.

The Top 10 Unveiled: A Closer Look at the Giants

In 2023, the global online gambling market size reached US$ 86.6 billion, and we are sure that year 2024 will be just as fruitful. We can’t predict who will be the largest iGaming giants by the end of this year, but we can consider the results of the end of year 2023 and analyse these statistics to reveal the biggest online gambling companies in the world.

MGM Resorts

Here’s the leader on our list! Live since 1986, this American giant boasts a huge $16,674,423,000 revenue and a whole lot of products and business connected with the gambling industry. Its earnings sit at $1,170,500,000, while the market cap is $12,575,431,680.

First of all, MGM Resorts International is a hospitality and entertainment company known for its resorts and land-based casinos within several states, including Las Vegas, New Jersey, Michigan, and Maryland. Its most famous entertainment sports include MGM Grand, Park MGM, and Mandalay Bay. Kirk Kerkorian, a famous billionaire who owns Tracinda Corporation, is one of the company’s key people.

In September 1989, the company introduced a plan for a $700-million Hollywood-themed complex, which was its first casino-related product. Today, the range of its gambling products is much larger, including the sponsorship of the PDC Premier League Darts for the 2024 season and the new partnership for X (formerly Twitter) in January 2024, which will bring gambling features to the platform.

Caesars Entertainment

One more outpacing company with a huge revenue is Caesars Entertainment which stands out due to the $11,440,000,000 revenue. The company is working with hotel and casino businesses across the USA. It operates over 50 properties in Las Vegas and a range of other states. Its largest casinos include Lady Luck Casino Black Hawk, Caesars Palace, and Tropicana Atlantic City.

In April 2021, Caesars Entertainment acquired William Hill for $3.7 billion to provide users with sports betting services, mainly within the USA. A few months later, the company was sold to 888 Holdings for $3 billion. In June 2024, the company acquired WynnBet’s Michigan iGaming operations to enhance its footprint in the online gaming market. Though its earnings for the last year were -$2,000,000, its market cap sits at $7,922,662,912.

Las Vegas Sands

Las Vegas Sands is another huge gambling-related company launched in November 1988 in the USA. It’s one of the biggest gambling companies working with casino, hotel, and resort services. The company also has a huge market in Macau, Asia. In September 2012, Madrid had been chosen as the destination for the EuroVegas casino resort. Statistically, the company’s revenue is $11,211,000,000, the recent earnings are $2,962,000,000, and the market cap is $32,528,750,592.

Flutter Entertainment

Here’s one more outpacing company with a $9,324,412,770 revenue. It’s Flutter Entertainment plc which was launched in 2016 in Ireland and has been listed on the New York Stock Exchange. People who are interested in online gambling projects may have heard about a range of its companies and products, including Paddy Power, PokerStars, FanDuel, Betfair, Sportsbet, and Sky Betting & Gaming. Though the annual earning of -$59,389,600 was negative, the total market cap is as large as $33,838,317,568.

Wynn Resorts

Launched in 2002 in Paradise, Nevada, Wynn Resorts boasts a $6,971,127,000 revenue. The company was established by former Mirage Resorts Chairman and CEO Steve Wynn. Today, Wynn Resorts is operated by CEO Craig Billings. In 2024, the company is in the process of receiving a casino licnese for building an integrated resort at the Hudson Yards in New York City. The company’s earning for the last year was $1,225,900,000, and the market cap is equal to $10,364,326,912.

Penn National Gaming

Formerly known as Penn National Gaming, Penn Entertainment is an American gambling-related company launched in 1982. It all started from local regulations since in 1967, Pennsylvania enacted a law which allowed people to bet on horse racing; that’s where Penn Entertainment came into play. Today, the company boasts a $6,296,500,000 revenue and operates 43 properties in 20 states. Its sports betting services are offered in 15 jurisdictions, while online casino services are provided in 5 states under ESPN BET and theScore brands. The -$838,600,000 earnings this year were negative, but the market cap boasts a pretty large amount of $2,634,266,880.

Entain

Entain plc, which used to be GVC Holdings before rebranding, is a global online casino and sports betting company based on the Isle of Man. Its revenue is $5,207,984,874, while the names of popular brands which belong to the company include BWin, PartyPoker, Ladbrokes, and Sportingbet. Interestingly, on 29 February 2024, Entain decided to withdraw from Responsible Wagering Australia, and in April 2024, Barry Gibson became a new company’s chairman. The company boasts $124,718,000 earnings and a $5,954,692,531 market cap.

International Game Technology

International Game Technology, also known as IGT, started its way to the gambling sector in 1990 in London, the UK. Today, IGT is headquartered in Las Vegas, Nevada and boasts $4,317,000,000 revenue. In April 2022, IGT acquired the iSoftBet casino provider for €160 million, and in February 2024, the brand merged with the Everi lottery division, which will be translated into a new company under its regulation. The company’s earnings this year reached $673,000,000, and the market cap is as large as $4,240,363,264.

Melco Resorts & Entertainment

Melco Resorts & Entertainment Limited has a $4,171,174,000 revenue and has its business built on integrated resorts with entertainment and casino gaming facilities in Asia and Europe. The brand is headquartered in Hong Kong. Its property includes City of Dreams Manila, Melco Resorts & Entertainment, Studio City Macau, and more. Plus, the company operates the Mocha Clubs slot machine brand. All these achievements allowed the company to reach the market cap of $3,549,170,688, though recent annual earnings of -$294,762,000 were negative.

DraftKings

Of course, we should also mention DraftKings, an American daily fantasy sports contest and sports betting company with a $4,070,737,000 revenue. Customers can bet on five major US sports, including MLB, NHL, and NBA. Interestingly, in May 2022, DraftKings acquired Golden Nugget Online Gaming, and in February 2024, the brand also acquired lottery courier app Jackpocket for $750 million. Its $18,168,975,360 market cap looks solid, and it’s also worth noting that in September 2020, retired NBA player Michael Jordan became an investor and board advisor at DraftKings.

Beyond the Numbers: The Diverse Landscape of Gambling

Variety is the spice of life, that’s what we can say regarding the diversity of gambling products available nowadays. And it’s excellent that any customer can find whatever they need to meet their gambling needs, be its sports betting, a list of online slots, or a range of other products. Our experience and research allowed us to reveal the most popular types of gambling operations and products:

• Online Casinos: Online gambling sites are now extremely popular since it’s a perfect way to access the site from any location and use a variety of banking options to make a real money transfer, including cryptocurrencies.
• Sports Betting: Bets on sports, especially large events or bets which include a complex of several events, contribute to the industry a lot and allow consumers to rely on certain strategies, including previous games’ analysis.
• Land-Based Casinos: Though online casinos are now conquering the market, the presence of land-based giants is still huge since these operators belong to the top companies mentioned above and offer customers great resorts.

The Future of the Game: Where are the Giants Headed?

As you can see, gambling-related keep on growing, and it’s expected that a lot of new trends are going to cover the market. For now, the industry is a perfect blend of online and land-based products, but the companies are going to make one more step forward, so these are the trends we expect in the near future:

• Technological Advancements: Virtual reality and other innovations of this kind are going to make the market more advanced and bring players even more emotions due to realistic graphics or even an opportunity to experience a personal presence.
• Regulation and Expansion: Regulations on different markets are certain to boost for the better, setting new standards and keeping the industry safe. This way, customers will be sure that their activity is legal and secure.
• Mergers and Acquisitions: Large companies keep on acquiring smaller brands, and it’s not bad since the potential of these companies boosts due to new technologies, professional teams, and more advanced marketing tools.

Conclusion: The Masters of the Game – A Responsible Look at Gambling

The biggest gambling companies in the world don’t stop evolving, delivering more and more products to players. Our list displayed the top 10 giants which managed to get revenue of up to $16,674,423,000, and it’s definitely not the limit for further achievements. These tops include MGM Resorts, Caesars Entertainment, Flutter Entertainment, Wynn Resorts, and others which own top iGaming brands like Paddy Power, PokerStars, FanDuel, Betfair, Sportsbet, and more. As a result, we can conclude that the industry is huge and is certain to develop, which is beneficial for players and everyone else involved.