• Biggest Betting Companies In The World
• Biggest Betting Companies In The World Since
• Investing In Sports Betting Companies
• Online Betting Companies Stock

Sports betting is big business around the world, and it's been dominated for decades by traditional land-based casinos. That's changing as betting moves online, and the mobile gambling market took a major step forward in 2020 as more states legalized online gambling, and thousands of people began betting legally at home during the pandemic. A few companies hit public markets as well, bringing even more attention and funding to the industry.

Online Sports Betting at SportsBetting.ag. SportsBetting.ag is your ‘top spot’ for the best in sports betting excitement. No matter what your favorite game might be you’ll find it on the board along with a huge variety of sports and betting. As of late 2015, William Hill remained the biggest betting company in the world. Of course, William Hill and the other giants such as Paddy Power, Betfair Group, and the Amaya Gaming Group are a merger away from losing their ranking on the list of top betting firms.

As we look back on the year and forward to 2021, the sports betting market has three clear winners in my eyes: DraftKings(NASDAQ: DKNG), MGM Resorts International(NYSE: MGM), and the little known GAN Limited(NASDAQ: GAN).

DraftKings

The hottest sports betting stock of 2020 was DraftKings, hands down. The company hit the market through a special purpose acquisition company and hasn't looked back. Shares shot higher as the pandemic wore on and sports came back, helped by investors hoping that online betting would begin to replace in-person betting. For the year, shares are up 406%.

In some ways, the boom in online betting is happening faster than expected, and that's helped early movers like DraftKings. In New Jersey, which is the bellwether for online gambling because it was the biggest early state to allow betting, there were $91.8 million in bets in November 2020 alone, up 86.9% from a year ago. If that growth and level of revenue are any indication of the potential for the rest of the country, DraftKings has a long runway ahead.

The third-quarter 2020 results were a small indication of how well things are going for DraftKings. Revenue was up 42% on a pro forma basis to $133 million, and monthly unique users grew 64% to 1 million. Revenue is also expected to be $750 million to $850 million in 2021, up 45% at its midpoint from 2020 guidance. This is a sports betting stock with a lot going for it and maybe just at the beginning of its growth story.

MGM Resorts

As gambling moves online, companies with a physical presence can sometimes have an advantage over digital-only companies. They have known brands, regulators sometimes require a physical presence to operate in a state, and there can be synergies between real-world and online casinos. That's the space that MGM Resorts is trying to fill, and it's done so relatively well in 2020.

The joint venture MGM Resorts built to enter the space is BetMGM, which is now offered in eight states and is growing as quickly as states will allow. Like DraftKings, the company is limited by what's legal in the U.S., but betting should be opening up in more states long term.

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What I like about MGM as a sports betting play is that it has a foundation as a physical casino company. MGM can use the cash flow from its casinos to fund online gambling development, and if it does that successfully it should add a lucrative business to the portfolio.

GAN Limited

DraftKings and MGM are the companies that are taking bets and building the apps that consumers are using, but GAN is building the background infrastructure that online gambling is built on. Its software services include player identity validation, payment services, regulatory reporting, and even some game content. And with the recently announced acquisition of Coolbet, it'll enter the sports betting market worldwide.

If sports betting continues to grow, GAN will be one of the beneficiaries because it's providing services to multiple players. And I would expect some casinos and game companies that don't have the capital to build their own infrastructure to lean on a company like GAN.

What's exciting about GAN is that it has the opportunity to grow with the online gambling and sports betting industries as well as grow the services it offers to clients. It already has a turnkey solution for infrastructure, but don't be surprised to see more games added to the portfolio so GAN can white-label the entire casino experience. That's where the real money will be made for this gambling stock.

Biggest Betting Companies In The World

Online sports betting is booming

As more states are added to the legal betting industry, the amount bet on sports online is growing. And that's going to be a huge tailwind for DraftKings, MGM Resorts, and GAN Limited. The industry saw U.S. betting increase from $1.85 billion in August to $2.19 billion in September and is on its way to $3 billion in monthly bets. If the industry keeps growing at this rate, it could rival the revenue of physical casinos, and that would be a truly disruptive development in gambling.

Travis Hoium owns shares of MGM Resorts International. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

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The global online gambling market continues to rise in popularity. As the world of online casino gambling continues to grow, here is an in-depth look at some of the top companies on the UK and global market. there are many Online Gambling Companies.

Online Gambling Companies – Too Many to Count

William Hill PLC

Biggest Betting Companies In The World Since

William Hill PLC was founded while gambling was still illegal in the United Kingdom. The company has changed its leadership several times over the last 30 years. The company has also been the subject of multiple scandals. William Hill's most recent problems were as a result of a lawsuit that alleged that the company failed to protect the best interest of consumers. The UK Gambling Commission found evidence that showed that William Hill violated an anti-money laundering law. The company has also faced criticism for its treatment of company employees. William Hill owns over 2,000 betting shops in the United Kingdom, as well as multiple online casinos.

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Kindred

Kindred was founded by sports betting expert Anders Strom. Kindred offers services in multiple languages as customers can do online sports betting, play casino games, and enjoy bingo. Kindred works with multiple global brands, including Unibet, iGame, Maria Casino, 32 Red, and Roxy Palace. Kindred has local gambling licenses in Belgium, Germany, Romania, Denmark, and Australia, among other places. Kindred has become one of Europe's top mobile betting apps. The company plans to expand into the United States within the next two years.

Paddy Power

Paddy Power was created as the result of a merger between Irish bookmakers. Initially, Paddy Power launched different online poker, gambling, and sports book sites to help the company's global expansion efforts. Eventually, the company launched apps that helped them gain new customers in Australia and North America. Paddy Power runs multiple online sites. Paddy Power has seen a substantial rise in value over the last few years, thanks to a merger with UK company Betfair, as well as deals with companies in Europe. Paddy Power has been fined by the UK Gaming Commission due to some control issues. The Gaming Commission cited Paddy Power's inability at times to control its fixed odds betting terminals. The company has also faced criticism for its failure to oversee different anti-money laundering policies.

888 Holdings PLC

888 Holdings operates different online brands on multiple platforms. The company operates Dragonfish, which allows them to provide online gaming solutions to its customers. 888 Holdings has dealt with fines over the last year due to a technical issue in the IT systems that allowed customers to illegally deposit millions of dollars into their accounts. 888 Holdings has also dealt with issues in Germany and Australia that caused the company to stop doing business in those markets.

GVC Holdings PLC

GVC Holdings was initially founded in Luxembourg. The company currently operates multiple brands, including Gamebookers, Sportingbet, Partypoker, and Partycasino. The company was recently fined by the UK Gambling Commission for having fraudulent advertising practices.

Investing In Sports Betting Companies

Online Betting Companies Stock

As the market continues to expand in the future, online gambling companies will continue to look for innovative ways to stay ahead of their peers.