The gambling industry while profitable is full of competition and rivalries that one could see as very cut-throat. However, it is this type of competition that keep in the gaming sector fun, innovative and in check. Like any other industry, some companies tend to perform better then other. While the title of the best is constantly changing, we bring you the Biggest Gambling Companies in 2022 by Revenue.
Keep in mind that we are rating these companies according to their Trailing Twelve Month (TTM) Revenue. This is quite different from a company’s market cap which is their total value of outstanding shares of stock. However, all of the companies here are in the top 10 list of largest gambling companies by market cap. The order is just different!
Top 3 Biggest Gambling Companies in 2022 by Revenue
3. Flutter Entertainment plc – Revenue: $7.66 billion
Flutter Entertainment plc is an Irish gambling holding company that provides sportsbooks, fixed odds games, and other games of chance. While outside of the gambling sector, it is not as well-known brand. It remains a giant in the gambling industry. This is because Flutter Entertainment came to existing in 2015 as a merger between sportsbook giant, Paddy Power and Betfair.
Their headquarter is in Dublin, Ireland but maintains separate brands in the United Kingdom, Ireland and Italy. In addition, Flutter operates across four divisions; Online, Retail, Australia and the United States. Furthermore, their online sports betting division is made up of Paddy Power and Betfair in the UK and Ireland. Betfair also operates an online betting exchange.
In the U.S. market, it owns some of the most popular online betting platforms which includes the FanDuel platform. Furthermore, this betting platform is the second most popular sports betting platform in the U.S. For the Australian market, they own and operate the Sportsbet brand.
Last but not least, Flutter Entertainment is also one of the largest casino and gaming companies in the world.
2. Caesars Entertainment, Inc. – Revenue: $10.59 billion
Caesars Entertainment is an American company that owns and operates casinos, hotels, bars, and nightclubs. Their headquarter is in Reno Nevada and was formerly known as Eldorado Resort until 2020. While the Caesar brand is fairly well known, it does have a deep history that dates back to 1973 in Reno.
At the moment, they own a total of 50 properties with several subsidiaries which include William Hill, Horseshoe, Harrah’s, Bally and many more.
According to online gambling websites, their third quarter earnings saw the firm post 7.8% annual growth. Interestingly enough, these earning beat analyst EPS estimates by one cent. This injected fresh momentum into its share price, with the shares soaring by more than six percent.
Last month, the company made an announcement that its Sportsbook application is accepting bets in the U.S. state of Maryland.
1. MGM Resorts International – Revenue: $12.55 billion
MGM Resorts International is an American company operating destination resort with hotels, casinos, and resorts. They have been in business since 1986 and have over 74,500 employees working for them. Their headquarter is in Las Vegas, Nevada and operate some of the most iconic physical properties. These include the MGM Grand, Excalibur, Mandalay Bat and the Bellagio.
According to gambling industry news, their portfolio encompasses 29 unique hotel and destination gaming offerings in the U.S. and Macau.
After the COVID pandemic, MGM Resorts International is on a strong track to recovery. This is because their revenue for the first three quarters of this year is standing at $9.5 billion. Thus, they are marking a $3 billion annual growth. Furthermore, the company’s sports betting platform is on track for $1.4 billion in annualized revenue. This represents 10% of the U.S. iGaming industry’s total addressable market of $1.5 billion.
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