Online Gambling Firms

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.

For the latest online gambling market size, sports betting market forecast, and top sports betting companies in the world, please see our report Global Sports Betting Market 2018-2022, or download your FREE Global Sports Betting Market Report Sample now!

According to Ed Thomas, an analyst at GlobalData, gaming is 'in the throes of a huge transformation from a product-oriented business to an as-a-service model.At the same time, new technologies like 5G, cloud and virtual reality will usher in a new phase of innovation, while new business models like support for in-game micropayments are already changing the economics of gaming.'
Online gaming in particular is one of the branches that has evolved over the past decades. It includes social gaming, mobile gaming, as well as free-to-play and pay-to-play massively multiplayer.

This means that people that can crunch data can realize a very lucrative for some. Of all major industries, the online gambling industry has probably benefited the most. There are dozens of major online gaming companies that are looking to Big Data for ways to save on costs. Online gambling firms face investigation for cheating customers. The internet gambling industry has grown rapidly in Britain and more 5.5 million people regularly log on to sports betting, gaming.

Global Sports Betting Market Analysis

Over the last few years, the world has opened immense opportunities for gamblers to take part in sports betting anywhere in the world through digital platforms, except in those nations where betting is banned. The global sports betting sector occupies the major market share in the overall online gambling industry accounting for more than 40 % of the worldwide gambling revenue generation. According to the Technavio’s market analysts, the sports betting market will grow at an impressive CAGR, with the global sports betting market revenue expected to reach nearly $370 billion by 2022.

Read more:How Is the Online Gambling Industry Making Room for the Next Unicorn Company?

Top 10 Sports Betting Companies in the Global Gambling Industry

888 Holdings

888 holdings is one of the most popular online gaming operators, which operates 888 sports, casino, poker, and bingo brands. Since its launch in 2008, 888 Sports has been successful in establishing a strong presence in the online sports betting market. The online betting site breaks away from the traditional bookies with exclusive customer deals, a range of new markets and an international appeal. Although the company exited US market long back owing to the strict government regulations, they have been keeping a close eye on regulatory developments in the US.

Today, 888 has already positioned itself in the market by partnering with the US-based companies. The potential for the sports betting sector in the US is significant and, as the only firm in all three regulated US states, 888 is all set to exploit the potential growth opportunities in the US market.

Read more:The Game is on! Here are the Top 15 Online Gaming Companies

GVC Holdings

GVC Holdings is one of the largest sports betting companies and gaming groups. With its unique proprietary technology platform, GVC offers casino, poker, bingo, and sports betting under some of the industry’s most popular online betting brands including partypoker, CasinoClub, Betboo, Bwin, Foxy Bingo, and Sportingbet. In a spell of acquisitions, GVC Holdings made a milestone €1.1 billion acquisition of online gaming brand bwin party in 2016 and acquired UK rival Ladbrokes Coral in March 2018.

Further, GVC Holdings also confirmed a $200 million joint venture deal with MGM Resorts recently that will see the former transfer its online sports betting know-how to the latter. This deal will soon lead to the launch of a wide range of sports betting sites in the US.

Kindred Group

The Stockholm-listed online gambling company, Kindred, continued their record-breaking financial performance in 2018, thanks to the all-time growth of their active customer-base and the 2018 FIFA world cup, that led to higher active users. Today, the company is regarded as one of the world’s leading online gambling brands within the sports betting arena. Kindred Group recently signed a 5+5-year agreement with Casino Atlantic City and Hard Rock Hotel in New Jersey. This move is Kindred’s first step into US gaming, with a view to offering online sports betting services to US customers.

Kindred’s major revenue comes from casino games and online sports betting. With these two segments which generated respective revenue of £104 million and £104.9 million during Q2, Kindred continues to witness significant online organic growth.

Read more : Why Sports Betting Accounts for the Largest Share of the Gambling Market

Paddy Power Betfair

Paddy Power Betfair was born following the merger of Paddy Power plc and Betfair Group in February 2016. Today, the business has four divisions: Online Australia, Irish Retail, UK Retail, and Telephone segments. The company’s Online Australia segment provides sports betting services and is the market leader in the Australian gambling industry. Its UK and Irish Retail segment operate 623 betting shops across Ireland and UK. It has a presence in Australia, United Kingdom, Ireland and across the world.

Paddy Power Betfair provides gaming and sports betting services through websites including betfair.com, paddypower.com, tvg.com, sportsbet.com.au, and us.betfair.com under the Betfair, Sportsbet, Paddy Power, and TVG brand names, and through a chain of licensed betting offices.

William Hill

Since 2012, when the UK-listed bookmaker merged three businesses to establish William Hill US, the company has grown consistently to achieve the market share of around 30 %, making it one of the largest sports betting companies in the UK and the US. William Hill is one of the early movers to reap the benefits from the legalization of sports betting in the US after the Supreme Court’s decision in May to strike out a federal ban passed in 1992. William Hill US is already the leading sports betting company in the US, operating more than 108 race and sports books in Nevada along with the state’s top mobile sports betting app.

The sports wagering giant signed sports betting agreements with a number of casinos in the US last month and is in talks with more operators. The company is ramping up hiring in Nevada for growing its US business. The company announced that it will offer mobile betting technology and sports betting risk management services to 11 casinos in Mississippi and West Virginia.

Download related report sample for free:Global Mobile Gambling Market 2017-2021

Bet365

Having added a vast range of betting options and products to their core over the past several years, Bet365 has grown to be one of the largest firms in the sports betting industry. Bet365 was one of the first sports betting company to start offering eSports to bet on. This British online gambling and sports betting company serves more than 23 million customers across the world by offering poker, casino, games, bingo, and sports betting, along with video streams on sporting events. The company recently inked a partnership with another sports betting company – Hard Rock Atlantic City casino to offer sports betting service

Stars Group

The ultimate owner of the most popular gaming brands such as PokerStars, BetStars, PokerStars Casino, and Full Tilt, Star Groups (formerly known as Amaya Gaming) recently announced that it has successfully acquired the Sky Betting and Gaming (SBG). This deal will turn the online poker giant into the largest sports-betting company in the world. Stars Group is one of the most licensed online gaming operators with its subsidiaries holding approvals and licenses in 19 jurisdictions across the world, including the Americas, Australia, and Europe. Star Group brands have millions of customers globally and are leaders in mobile and online betting, casino, poker, and other gaming-related offerings.

Download related report sample for free: Global Online Gambling Market 2018-2022

Draft Kings

DraftKings is one of the most popular daily fantasy sports content providers that allows users to enter fantasy sports-related contests based on team and individual player performance in five largest American sports (the NBA, MLB, the PGA, the NFL, and the NHL), NASCAR auto racing, Premier League and UEFA Champions League soccer, the Arena Football League, Canadian Football League, Mixed Martial Arts (MMA) and Tennis. After the US Supreme Court cleared the way to legalize sports betting, DraftKings got to work immediately, as sports gambling will account for a major share of their business.

Betsson

Betsson is an award-winning sports betting website that has been around since 2006 and literally grew into a gambling empire. The company provides users from all over the world an option to play poker, casino, bingo games and place their bets on various sports events. Betsson is based in Malta and holds a betting license from the gambling commission in the same country as well as one from the United Kingdom as well. Today, its sports betting option is offered on various markets and more and more consumers choose it as a significant option for sports betting.

BetAmerica

BetAmerica made its name in online gambling industry through horse racing, which then branched out into fantasy sports with the launch of FanEx Sports. Today, BetAmerica.com is considered as one of the most legal and secure sports betting companies based in the US. With a wide range of fantasy leagues for MLB, NFL and NBA and more than 200 racing tracks to choose from, BetAmerica is all set to grab the major share in the sports betting industry.

To find out other major sports betting companies in North America, Europe and Asia, download your FREE Global Sports Betting Market Report Samplenow!

Global Sports Betting Market Trends

Online betting was brought into the sports industry in the late 1990s and has been growing significantly since then. With the emergence and high penetration of the digital platform, punters have the flexibility in placing bets on sports from any part of the world. Indeed, the digital revolution has given sportsbooks a platform to connect with new customers. Online gambling is one of the fastest growing sectors in the e-commerce industry and is a rapidly growing mode of gambling. The use of digital processes and the growing punter demand will propel the growth of the online gambling industry, while the major sports betting companies in the world are also expected to achieve higher revenues in the near future.

For more market intelligence in the global sports betting market, please check this following report:

From a report released by the Embassy of Israel Pretoria in 2015, it is incredible how a country of around 8 million people can be having a very significant share of $91 billion in the gaming industry.

Many casino sites in countries like Canada and UK, are dependent on the Israel iGaming industry.

Israel has been a home of thousands of jobs for game developers, gambling companies, gaming technology companies, and even gaming publishers a. It becomes more paradoxical when you hear that Israel has some of the strictest rules when it comes to gambling.

The question that could be ringing in your mind is, how does a country with strict regulation in gambling be a home for the world’s largest iGaming firms? Well, the fact remains that Israel has strict rules on gambling but has not prevented the growth of these gaming firms.

Sports betting is allowed in Israel and is closely monitored by the Israeli Commission for Sports Gambling. Lotteries are also legal in the land, and the Israeli government is responsible for overseeing it. Online gambling is illegal in Israel for both players and operators.

Israel Gambling Regulations and Laws

Israel has been going through a series of law enforcement when it comes to online gambling. The Israeli Penal Law 5737 - 1977, which is the set of the gambling laws in Israel, has only legalized the national lottery, sports betting, and horse racing gambling.

The national lottery in Israel has been operating since 2006 with five lotto games. Mifal HaPayis, usually deal with the Israeli national lottery and was developed by the Intralot SA.

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On the side of sports betting, the Israel government has set aside a board that oversees this betting. This board is responsible for providing sports betting matches on its website daily. The featured sports are basketball and soccer.

Despite being so good in allowing gamblers to involve themselves in these games, the real online gambling has never been recognized in the land. Israel authorities have been very staunch in paralyzing any illegal gaming and gambling operations in the country.

Most online gambling sites in the country have been shut down. The authorities went further to order the closure of websites that were giving gamblers access to any external site. This action was enforced by the Israeli police, who had the power to shut down any gambling website.

Despite these strict rules against gambling, it is surprising that Israel is still a home for large iGaming firms and software providers. Such firms include the renowned Playtech, 888, and the famous Empire Online.

Playtech In Israel

Playtech is one of the most popular software developers and providers that have the highest number of casinos, slots, and other gaming software. You can wonder how Israel and this online casino industry came into place and how this firm is operating in a land that has banned online gambling.

Well, the growth of such firms in Israel has been supported highly by various entrepreneurs and individual business people. Their contributions have made the company grow to become the largest online gaming vendor in the casino industry. It is the first one to feature in the London Stock Exchange market.

Playtech was founded by Teddi Sagi, one of the renowned businessmen in Israel, with a net worth of more than $3.6 billion. This online gaming vendor has, over the years, collaborated with major companies in the entertainment industry like DC Comics, Marvel, and Hollywood slots.

With such collaborations, Playtech can release some excellent games that either shows individual superheroes from Marvel or blockbuster movie personalities like Rambo. Its games are always accessible through desktops, smartphones, tablets, laptops, and other gadgets.

Playtech has an array and variety of games from slots, video pokers, jackpot games, specialty games, table games, scratch card games, to live casino games. Playtech seems to be well-established in the country, and it will continue being the leading in this industry.

888 in Israel

888.com is another well-established iGaming firm that ha spread its roots in Israel. The company has been in the country for over two decades since 1997 when a couple of Israeli brothers established it. These brothers were Shay and Ron, while the other pair of brothers were Avi and Aaron.

This company has now moved its headquarters to Gibraltar is thriving despite the strike gambling rules in Israel. Just like Playtech, 888.com also trades on the famous London Stock Exchange market.

One of the things that are making 888.com company grow very fast is the licensing it has acquired. Ireland’s Revenue Commissioners have currently licensed the firm, the Government of Gibraltar, the United Kingdom Gambling Commission, and the Malta Gaming Authority.

Previously, 888 firm was one of the trailblazers in the gaming industry, where it received more than 50 international awards for their high intelligence and innovation in the gaming industry. They have also won EGR Awards for five years.

Besides extending their support to famous football clubs like Birmingham FC, 888 has released various renowned casino games like 888Poker, 888Sport in sports betting, and the 888Ladies in bingo.

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Other Big Names With Traces of Israeli Roots

Other significant firms that were doing very well and gained global attention include PokerStars, Neo Games, and William Hill.

PokerStars, which is still dominating the online poker field, was founded by a businessman whose roots were from Israel. Besides PokerStars, other small firms from Israel have made a significant impact in the global online gambling industry.

William Hill, one of the dominating gambling companies in the UK, was once having its offices in Tel Aviv for years before relocating to the UK. William Hill had a partnership with the Israel Playtech firm, which turned out to be a big success to the firm. This is the move that made it move to Israel but later returned to the UK.

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Neo Games is another firm that has been closely working with William Hill and has gained significant importance among the gaming fanatics. William Hill was once investing in Neo Games and used its services to achieve stability in the market.

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Conclusion

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It is only in Israel that we have big casino operators, technology companies, and affiliate companies all collaborating with the growth of this industry. All these firms are in Israel because of its innovation and high online technological development in the world. From the growth rate of the gambling industry, Israel will continue being a home for many iGaming firms.