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With the digital revolution in full swing and the simplicity of government regulations on gaming, the sports gambling industry is undergoing dynamic transformations during the last couple of years and consequently surging in popularity around the term, the revenues of several world's leading sports betting companies are also growing significantly year on year.
Today, sports gambling has become among the fastest-growing industries throughout the world, offering immense potential for both bettors and sportsbooks. Some of the favorite games for sports gambling include horse racing, greyhounding, cricket, soccer, baseball, basketball, and golf.
International Sports Betting Market Analysis
During the past few decades, the world has opened tremendous chances for gamblers to share in sports gambling anywhere in the world through electronic platforms, except in those countries where gambling is prohibited. The worldwide sports betting industry occupies the significant market share in the total online gaming industry accounting for at least 40% of the global gambling revenue generation.
According to the Technavio's market analysts, the sports betting the market will expand at an impressive CAGR, together with the worldwide sports gambling market earnings expected to reach nearly $370 billion by 2022.
Since its launch in 2008, 888 Sports has been successful in creating a solid presence in the online sports betting marketplace. The online gaming website breaks away from the conventional bookies with exclusive customer deals, a range of new markets and an international appeal. Even though the company exited the US market long back because of the strict government regulations, they've been keeping a close watch on regulatory developments in America.
Today, 888 has positioned itself in the marketplace by partnering with US-based businesses. The capacity for the sports gambling sector in the USA is important and, as the only company in all three controlled US states, 888 is set to exploit the potential growth opportunities in the US marketplace.
GVC Holdings is one of the biggest sports gambling companies and gaming groups. Using its proprietary technology platform, GVC offers casino, poker, bingo, and sports gambling under a number of the industry's most popular online betting brands such as PartyPoker, CasinoClub, Betboo, Bwin, Foxy Bingo, and Sportingbet. In a spell of acquisitions, GVC Holdings made a landmark $1.1 billion purchase of online gaming brand bwin celebration in 2016 and obtained UK rival Ladbrokes Coral at March 2018.
Further, GVC Holdings also confirmed a $200 million joint venture deal with MGM Resorts lately that will see the prior move its online sports gambling know-how into the latter. This deal will shortly lead to the launching of a vast assortment of sports gambling sites in the USA.
The Stockholm-listed online gaming company, Kindred, continued their record-breaking financial performance in 2018, due to the all-time development of their busy customer-base and the 2018 FIFA world cup, that resulted in higher active users. Today, the business is regarded among the world's top online gaming brands within the sports betting arena.
Kindred's major earnings come from casino games and online sports gambling. With both of these segments that created respective revenue of #104 million and #104.9 million during Q2, Kindred proceeds to witness significant online organic expansion.
Today, the company has four branches: Online Australia, Irish Retail, UK Retail, and Telephone segments. The business's Online Australia segment provides sports gambling services and is the industry leader in the Australian gaming industry. It has a presence in Australia, United Kingdom, Ireland and around the globe.
Paddy Power Betfair provides gambling and sports gambling services through sites such as betfair.com, paddypower.com, tvg.com, sportsbet.com.au, and us.betfair.com beneath the Betfair, Sportsbet, Paddy Power, and TVG brand names, and through a chain of licensed betting offices.
Since 2012, once the UK-listed bookmaker merged three companies to launch William Hill US, the business has grown consistently to reach the market share of approximately 30%, which makes it one of the biggest sports betting companies in the UK and the United States. William Hill is one of the first movers to reap the benefits from the legalization of sports gambling in the US following the Supreme Court's decision in May to strike out a national ban passed in 1992. William Hill US is currently the top sports gambling company in the united states, operating over 108 race and sportsbooks in Nevada in addition to the nation's top mobile sports gambling app.
The sports wagering giant signed sports gambling agreements with numerous casinos in the US last month and is in discussions with more operators. The business is ramping up hiring in Nevada for developing its US business. The company announced it will provide mobile betting engineering and sports gambling risk management solutions to 11 casinos in Mississippi and West Virginia.
Having added a huge assortment of betting options and goods to their center over the last several decades, Bet365 has become among the biggest firms in the sports gambling industry. Bet365 was among the first sports betting firm to begin offering eSports to wager on. This British online gaming and sports gambling company serves more than 23 million clients throughout the world by offering casino, poker, games, bingo, and sports gambling, together with video streams on sporting events. The company recently inked a partnership with another sports gambling company -- Hard Rock Atlantic City casino to provide sports gambling service
The ultimate owner of the popular gaming brands like PokerStars, BetStars, PokerStars Casino, and Full Tilt, Star Groups (previously called Amaya Gambling ) recently announced that it has acquired the Sky Betting and Gambling (SBG). This deal will turn the internet poker giant in the largest sports-betting business on the planet. Stars Group is one of the most licensed online gaming operators using its subsidiaries holding approvals and permits in 19 jurisdictions throughout the world, such as the Americas, Australia, and Europe. Star Group manufacturers have millions of clients worldwide and are leaders in online and mobile gambling, poker, casino, and other gaming-related offerings.
DraftKings is among the most common daily fantasy sports content providers that enables users to enter dream sports-related competitions based on group and individual player performance in five biggest American sports (the NBA, MLB, the PGA, the NFL, and the NHL), NASCAR auto racing, Premier League and UEFA Champions League football, the Arena Football League, Canadian Football League, Mixed Martial Arts (MMA) and Tennis. Following the US Supreme Court cleared the way to legalize sports gambling, DraftKings must work immediately, as sports betting will account for a significant share of their company.
Betsson is an award-winning sports gambling website that's existed since 2006 and literally climbed into a gaming empire. The business provides users from all around the world a choice to play casino, poker, bingo games and put their bets on various sports events. Betsson is based in Malta and retains a gambling license from the gaming commission in the same state as well as one from the UK as well. Nowadays, its sports betting choice is supplied on various markets and a growing number of consumers choose it as a substantial solution for sports betting.
BetAmerica made its name in the online gaming industry through horse racing, which then branched out into fantasy sports with the launching of FanEx Sports. Today, BetAmerica.com is regarded as one of the very legal and secure sports gambling companies based in America. With a wide assortment of fantasy leagues for MLB, NFL, and NBA and over 200 racing tracks to select from, BetAmerica is set to grab the significant share in the sports gambling industry.
International Sports Betting Market Trends
Online betting was brought into the sports business in the late 1990s and has been growing since then. With the emergence and higher penetration of the electronic platform, punters have the flexibility in placing bets on sports from any region of the world. Indeed, the electronic revolution has given sportsbooks a platform to connect with new clients.
Online gambling is one of the fastest-growing businesses in the e-commerce industry and is a fast-growing trend of gambling. Let say sbobet888 from Indonesia has huge potential. Using digital processes and the developing punter demand will propel the growth of the online gambling business, while the significant sports gambling companies in the world are also expected to attain higher revenues in the not too distant future.