Largest Gambling Companies by Revenue
Biggest Gambling Companies in the World by Revenue
The largest gambling companies are casino resort groups and online betting operators that earn the most when people gamble on slots, tables and sports – no single list of the top operators ranks them cleanly.
Resort groups report hotel and dining income next to gaming, online groups report net figures, and suppliers earn from machines and content. Both tables below use reported 2025 results.
MGM Resorts International is the largest casino company in the world by 2025 dollar sales, with Flutter a close second.
| Company | Main business | 2025 revenue |
|---|---|---|
| MGM Resorts International | Hotel-casinos, Macau, BetMGM | $17.5 billion |
| Flutter Entertainment | Online sports betting and gaming, FanDuel | $16.38 billion |
| Las Vegas Sands | Macau and Singapore integrated resorts | $13.02 billion |
| Caesars Entertainment | Casino resorts, Caesars Digital | $11.49 billion |
| DraftKings | Online sportsbook and casino | $6.05 billion |
| Boyd Gaming | Regional casinos | $4.1 billion |
| Light & Wonder | Slots, iGaming, social casino | $3.3 billion |
Companies that report in other currencies are listed separately, so no exchange rate has to be assumed.
| Company | Main business | Latest reported revenue |
|---|---|---|
| Aristocrat | Slot machines, mobile gaming, iLottery | A$6.30 billion, year to September 2025 |
| Entain plc | Ladbrokes, Coral, BetMGM stake | £5.33 billion net gaming revenue |
| bet365 | Online betting and casino | £4.04 billion, year to March 2025 |
| Galaxy Entertainment | Macau hotel-casinos | HK$49.2 billion |
| Evolution | Live casino content | €2.12 billion |
Largest Casino Companies in the Gambling Industry
Casino Gambling in Macau and Las Vegas
Land-based groups still post the biggest numbers. Macau’s casinos took MOP247.4 billion ($30.9 billion) in gross gaming revenue in 2025, up 9.1%, according to the regulator. Las Vegas Sands booked $7.47 billion from Macau and $5.59 billion from Marina Bay Sands in Singapore.
MGM, based in Las Vegas, added $4.5 billion from its Macau arm. At Caesars, regional casinos made up $5.76 billion of the sum, and Caesars Digital contributed $1.41 billion.
The US Market
Most people in the US still gamble in person. The American Gaming Association counted $78.7 billion in commercial gaming revenue for 2025, up 9.2%, and traditional casino gaming took $50.9 billion of it – sports betting and iGaming added $17.0 billion and $10.7 billion.
The association summed up the year in its February 2026 release.
“Legal commercial gaming in the United States has delivered exceptional results”
— Bill Miller, President and CEO, American Gaming Association
Online Gambling Leaders and Their Brands
Flutter Entertainment and FanDuel
Flutter Entertainment plc, one of the biggest companies operating on the Internet, is the parent firm of FanDuel, Paddy Power, Sky Bet, and Betfair. Growth in revenue amounted to 17% in 2025, with a growth rate of 27% in online casinos and 10% in sports betting.
The US arm, led by FanDuel, brought in $6.97 billion in revenue, and FanDuel held 41% of US sportsbook gross gaming revenue in the fourth quarter.
The people who gamble on its apps each month numbered 15.9 million. India was the miss, with a $556 million impairment on Junglee after the real-money gaming ban.
Entain, DraftKings and bet365
Entain plc operates Ladbrokes and Coral, online poker through PartyPoker and online bingo through Gala Bingo – net gaming revenue grew 3%, and UK online gaming rose 18% to £849.9 million. A £488 million impairment landed ahead of the UK’s 40% Remote Gaming Duty. Entain also holds a joint venture in BetMGM.
DraftKings reached $6.05 billion, up from $4.77 billion, with adjusted EBITDA of $620 million. bet365 grew sales 9%, though pre-tax profit fell to £338.5 million from £596.3 million.
Suppliers Behind the Casino Floor
Slots are where most casino players gamble first. They produced $10.7 billion, 68% of Nevada’s $15.8 billion in 2025 gaming revenue, according to The Nevada Independent.
Gaming companies on the supplier side sell slots and other casino games to casino operators. Evolution, a live casino and gaming technology supplier, reported operating revenues of €2.12 billion, down 4.3%, and still posted a 66.1% adjusted EBITDA margin.
Light & Wonder had an increase of 4%, while Aristocrat had an increase of 11%. In 2025, International Game Technology (IGT) divested its gaming and digital operations to Apollo Global Management. This leaves Brightstar Lottery as the listed firm.
How the Leaders Grow
- Acquisitions. Flutter’s growth included acquired businesses, while Entain shares BetMGM with MGM.
- Digital next to resorts. Caesars Digital and MGM Digital take land-based casino brands online.
- Content margins. Evolution sells to operators and keeps a margin few of them match.
- Tax exposure. The UK jump to 40% on remote gaming reshaped Entain’s accounts.
Benchmarks for Operators
An operator can set its own numbers against the leaders on three lines.
- Growth. DraftKings added 27% while Evolution slipped 4.3%.
- Margin. Flutter’s adjusted EBITDA margin stands at 17.4% against Evolution’s 66.1%.
- Market share. FanDuel’s 41% shows what a leader has to hold in each jurisdiction where people gamble.
Smaller operators reach for the same gambling software stack. A custom platform with a sportsbook and game providers behind one integration can cover the product side.
Responsible gambling tools and licensing stay with the operator, and BSW does not handle licensing.
FAQ
What are the top 10 gambling sites in the USA?
Lists differ by state. FanDuel and DraftKings are the top players among licensed gambling operators, and Blask’s August 2026 market research model puts both in the global top four.
What are the top 5 largest casinos in the world?
By estimated size, WinStar World Casino in Oklahoma (600,000 sq ft), The Venetian Macao, City of Dreams, Mohegan Sun and Foxwoods, per WorldAtlas.
What are the top gambling stocks?
Listed names include MGM Resorts, Flutter, Las Vegas Sands, Caesars, DraftKings, Evolution and Light & Wonder. This is not investment advice.
What are the top gambling companies in the world?
MGM Resorts, Flutter, Las Vegas Sands and Caesars lead among dollar reporters. Add bet365, Entain and Galaxy for a global view.
Which are the biggest gambling companies by revenue?
MGM reported $17.5 billion, Flutter $16.38 billion and Las Vegas Sands $13.02 billion for 2025.
What are the most profitable casino companies globally?
Las Vegas Sands’ two segments earned $5.23 billion in adjusted property EBITDA. Evolution leads on margin at 66.1%.
Which are the largest online gambling companies?
Flutter, Entain, bet365 and DraftKings, with Flutter far ahead at $16.38 billion.
What are the major gambling companies in the United States?
MGM Resorts, Caesars, Las Vegas Sands, Boyd Gaming, DraftKings and Flutter’s FanDuel.
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