In recent years, the online gambling industry has expanded in such a way that it has already become a billion-dollar business. Most casino operators target European countries because of the licensing and regulations within that area. However, in the European Union alone, online gambling took up 20% of the market activity, while the remaining value came from land-based enterprises.
The United States has stricter gambling regulations, with a federal act banning all regional transactions. As such, Nevada, New Jersey, and other states only allow online gambling for those within their jurisdiction.
Nevertheless, online gambling has become a lucrative trade globally. Numerous software developers have come up, and nearly every continent has gambling commissions to regulate the industry. Here we have come up with the most prominent online gambling companies in the world.
IGT – $4.83 billion
This global company has headquarters in London, and it has an impressive list of casino games to its name. The acronym stands for International Game Technology, and the software developer has been creating games since 1975. IGT has long been a favorite for land-based and online games, with famous slots like Triple Diamond, Wolf Run, Golden Goddess, and Cleopatra.
Aside from online gaming solutions, IGT deals with lottery management, lottery tickets, and sports betting. With such outstanding work in the industry, it is no wonder IGT remains a leader nearly 50 years later.
GVC Holdings – $4.14 billion
This British company deals with sports betting and online casinos since 2004. Though the name may not ring a bell, it owns popular online casinos like Foxy Bingo, partypoker, and Bwin. Its subsidiaries include Ladbrokes Coral, Sportingbet, and Buzz Bingo, among others.
Bet365 – $4.03 billion
This British online casino started in 2000 by Denise Coates. Her father had a small chain of betting shops in England, and the female entrepreneur transformed it into a giant online betting company. Players can find the business’ headquarters in England.
Scientific Games – $3.36 billion
Finally, we get a US-based company on this list. This corporation provides gambling products and lottery services globally. With the range of products they offer, Scientific Games has seen a growth in its revenue from 2017 to 2018.
Paddy Power Betfair – $2.64 billion
This company is one of the most famous sports betting brands in Ireland and the United Kingdom. It has an online sportsbook with impressive casino games to its roster.
Players can find the company’s headquarters in Dublin, Ireland. Paddy Power does not disappoint with its innovative and user-friendly designs.