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Leading online gambling firms globally in 2017, by market value

Largest online gambling companies worldwide in 2017, by market value (in billion U.S. dollars)

by S. Lock, last edited Jul 18, 2019
Leading online gambling firms globally in 2017, by market value Paddy Power Betfair (Ireland) was the largest online gambling firm in terms of market value in 2017 accounting for almost 10 billion U.S. dollars. Ranking in second place was International Game Technology (United States) whose market value accounted for almost 5.5 billion U.S. dollars.
Will Paddy Power Betfair lose top place to U.S. companies?

Leading the ranking by a long shot, Paddy Power Betfair (PPB) was formed in 2016 from a merger between two companies Paddy Power and Betfair. Subsequently, sports betting was legalized in the United States by the Supreme Court (2018). This could mean increased competition from the U.S.-based companies in the ranking. However, PPB saw this opportunity to maintain its market lead and expand its horizons - and as of May 2018, acquired U.S. company FanDuel.

Is the market seeing growth?

It is not just the legalization of sports betting that has helped with growth in the online gambling industry. Digitization across the globe and advancement of technology has seen higher proportions of gamblers now playing online. The industry is anticipated to be worth almost 95 billion U.S. dollars by 2024, a figure that is over double that of 2017.
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Largest online gambling companies worldwide in 2017, by market value (in billion U.S. dollars)

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by S. Lock, last edited Jul 18, 2019
Paddy Power Betfair (Ireland) was the largest online gambling firm in terms of market value in 2017 accounting for almost 10 billion U.S. dollars. Ranking in second place was International Game Technology (United States) whose market value accounted for almost 5.5 billion U.S. dollars.
Will Paddy Power Betfair lose top place to U.S. companies?

Leading the ranking by a long shot, Paddy Power Betfair (PPB) was formed in 2016 from a merger between two companies Paddy Power and Betfair. Subsequently, sports betting was legalized in the United States by the Supreme Court (2018). This could mean increased competition from the U.S.-based companies in the ranking. However, PPB saw this opportunity to maintain its market lead and expand its horizons - and as of May 2018, acquired U.S. company FanDuel.

Is the market seeing growth?

It is not just the legalization of sports betting that has helped with growth in the online gambling industry. Digitization across the globe and advancement of technology has seen higher proportions of gamblers now playing online. The industry is anticipated to be worth almost 95 billion U.S. dollars by 2024, a figure that is over double that of 2017.
Show more
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