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Largest Online Casinos Worldwide By Market Cap

Largest Online Casinos Worldwide By Market Cap

Online crypto gambling is one of the largest sectors on the web. With more and more people gravitating towards the activity, the industry is set to expand to reach a value of 92.9 billion U.S. dollars by 2023. 

Although gambling has been around since the beginning of time, it only gained its true fame when it transitioned online, bringing the fun just a few clicks away at any given moment. The next big move was the integration of crypto, dominating significant sectors, like the Asian and Norwegian markets.

With the market currently valued at 59 billion U.S. dollars, the online gambling industry holds plenty of potential for players and providers. 

The Player Vs. The Providers

The gambling industry is often looked at from the player’s point of view, boasting the big wins and exciting games titles, but have you ever thought about the industry from the provider’s point of view?

Whether it be the casino itself or the software developer, the gambling industry is highly lucrative. An example of this is that the gambling industry makes more money than the theatrical movie industry ($10.9 billion) and the recorded music industry ($7 billion) combined.

As you can see, casino providers and gambling companies make themselves a pretty penny, but as the industry grows, so does the quality of companies out there. 

Largest Online Casino Companies Worldwide

Each of the below-listed gambling companies has managed to climb the ranks, quickly building a reputation and standing within the industry. Within such a volatile industry, these companies have built trust and familiarity within the market, helping boost their success, and taking a stronghold on the industry.

There are plenty of big businesses in the game. Still, the largest online casino companies all have managed to rake in a more significant return than most, as well as expand their company brand and further their reach. 

For each of the largest online casino companies, we will identify the year the company was established and the revenue it pulls. 

The biggest online casinos groups by market share

Flutter Star Group

  • Revenue: 3.8 billion EUR
  • Headquarters: Dublin, Ireland
  • Top Officials: Peter Jackson (CEO) and Gary McGann (Chairman)
  • Founded: February 2016.
  • Top Casinos: PaddyPower, Betfair, Sky Bet, and PokerStars

GVC Holdings/Entain

  • Revenue: 3.562 billion EUR, according to their annual report in 2020.
  • Headquarters: Douglas, Isle of Man. 
  • Employees: It has more than 20 offices worldwide with 20,000 employees. 
  • Founded: 2004.
  • Top Casinos: Bwin, Sporting Bet, Party Poker, and Foxy

Bet365

  • Revenue: 3.47 billion EUR in 2019
  • Headquarters: Stoke-On-Trent, United Kingdom.
  • Employees: 4646
  • Founded: 2000

Scientific Games

  • Revenue: 3.363 billion USD in 2018.
  • Headquarters: Las Vegas, Nevada, United States.
  • Employees: 9,700 (2018)
  • Founded: 1973

Kindred Group

  • Revenue: 800 million EUR
  • Headquarters: Malta
  • Employees: 1,400
  • Founded: 1997
  • Top Casinos: UniBet, 32Red, and Stan James 

Top 10 Software Providers In The Online Casino Sector

No online casino could be successful without the help of the most loved software developers. With the opportunity to bring to life the most desired environments, the online casino games industry allows for huge adventures. Here is a list of the top-performing software providers in the online casino sector.

  1. Real Time Gaming
  2. Playtech
  3. Microgaming 
  4. NetEnt 
  5. Quickspin 
  6. Aristocrat
  7. Bally Technologies
  8. Amaya Gaming 
  9. Evolution Gaming 
  10. WMS 

The best BTC game software providers

Safety And Security Of Online Bitcoin Casinos

One of the most concerning aspects of online is security. Luckily for online players, Bitcoin casinos bridge the gap between concern and safety. Three main characteristics can identify a legit casino, and that is licensing banking reliability and reputation. 

To help you know which licenses are most trusted and recognized worldwide, here is a list of the best licenses for online casino sites. 

  • Curacao. 

This is by far the most popular of the online casino licenses, with more than 450 online casinos operating under its regulation. The ownership cost around 16900 GBP, allowing casinos to offer sports betting and casino titles. 

  • Malta. 

Malta Gaming Authority igaming licensing board that regulates gambling on Malta territory. The licenses cost €25,000 and can be for B2B or B2C interaction. The license stays valid for five years before renewal is required. 

  • Montenegro. 

One of the most respected yet expensive, Montenegro casino licenses allows gambling sites to offer all gambling activities. The cost of the Montenegro license is around €287,900.

Be A Winner, And Gamble At A Top Online Casino.

The gambling world is expanding drastically, spanning over sports, virtual reality, and of course, classic casino games. As the industry grows, so does the number of providers out there. Try out one of the largest online casino companies to ensure your gamble is enjoyable and rewarding every time you log on. 

 

Last updated by Jen Van Lier on April 22, 2022

About the editor

As website manager, Jen contributes reviews and updates to The Bitcoin Strip on a daily basis. Jen worked in the casino industry for 9 years before focusing on Bitcoin in 2016. She writes on subjects ranging from traditional slots all the way through to unique Bitcoin games, provable fairness and Ethereum smart contract gambling.

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