The sports betting industry is expected to reach USD 155.49 billion by 2024.The sports betting market expected to reach USD 8 billion by 2025.Connect and track the latest news and insights from these companies. Sports betting industry trends and stats you should know in 2022īizVibe is already helping the largest sports gambling companies in the world connect.A list of sports betting companies innovating in the industry and their products, services, and brands.Discover who are the top 10 largest sports betting companies by revenue?.This fact sheet is to breakdown the top sports betting companies in the world by revenue as of 2022, but ultimately the goal is to assist business professionals, investors, and people in general that are interested in gaining insights into the global sports betting industry including: The top 3 is then rounded out by GVC Holdings, and Bet365. ![]() BizVibe’s largest sports gambling companies list is led by International Game Technology, generating USD 4.69 billion as the largest sports betting company in the world by revenue. The sports betting industry is growing at a stellar rate by 2024, the sports betting industry is expected to reach USD 155.49 billion - growing at a healthy CAGR of 8.83%. As investors and the largest sports gambling companies run up the score, the industry is heading towards a promising future as the US Supreme Court cleared the way for all 50 states offering legal sports betting. Startups looking to get involved in either of these programs can visit: The Tech4Good x Alpha Hub Award (applications close on 18th August 2023) and Flutter & RGC: Play Well Challenge ( applications close on 8th September 2023).The sports betting industry expected to reach USD 8 billion by 2025, led by the innovations of the top 10 largest sports betting companies in the world. "The Flutter & RGC Play Well Challenge has the ability to drive real change in Responsible Gambling, globally, and ultimately create a safer gambling experience for millions of people." Responsible Gambling Council CEO Shelley White said: "RGC is proud to collaborate with Flutter on this important programme to minimize harms related to gambling. This challenge is seeking entrepreneurs and startups committed to creating "a better customer experience for everyone, addressing Responsible Gaming challenges that will help us lead progress across the industry." ![]() The company said it is particularly interested in startups that are meeting needs of disadvantaged groups and have "a clear plan to scale and the ability to measure the impact of their solution."Īs for the Play Well Challenge, it comes as the company seeks to gain insights from better systems, technology, and research. ![]() The Flutter Tech4Good Award seeks startups at any stage from around the world that are using technology to address social issues. "As part of this, we want to utilise our global scale and in-house talent to support the innovative startups that are developing technology that enhances consumer protection and drives positive change in the communities in which we operate.” deposit limits, activity statements) by 2030 and over 50% by 2026.įlutter Entertainment CIO Conor Lynch said: “The Flutter Tech4Good Award and Play Well Challenge align our expertise in technology with the ambitious targets set out within our Positive Impact Plan. For its part, the Play Well Challenge, in partnership with the Responsible Gambling Council, aims to solve real-world problems for the industry in collaboration with startups as part of a strategy to create a safer gambling environment.Īmong its goals, the company says it aims to have a positive impact on communities and improve the lives of 10 million people by the end of 2030 through sport, play, and its colleagues' skills.Ī second goal is to help customers to "Play Well." Under this initiative, Flutter works towards a goal to have 75% of active online customers using Play Well tools (e.g. The Tech4Good Award aims to highlight how technology can be used to address pressing social issues. The Flutter Tech4Good Award and the Flutter & RGC: Play Well Challenge have both been designed as part of Flutter’s Positive Impact Plan with a particular focus on responsible gambling and community support, the company noted in a release. Flutter Entertainment announced Wednesday that Alpha Hub, its startup partnership program, is seeking early-stage companies "to help tackle societal challenges and safer gambling innovations."
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