The gambling market has sky-rocketed in the last decade, generating record-breaking earnings year after year. Its global revenue in 2023 alone was $702.45 billion, beating Amazon’s net sales of $575 billion.
As its popularity continues to grow, the numbers are projected to follow. So, which companies are leading the way? We decided to investigate. We’ll reveal the top ten gambling brands, where they’re based, and how their numbers stack up to the five highest-grossing companies across all sectors.
Which Gambling Brands Make the Most Money?
In such a lucrative market, some brands have made billions of dollars, but which gambling companies have reported the strongest profits in recent times?
We’ve reported the top ten performing brands from the US to Europe and beyond.
1. MGM Resorts | $16.67B
First is MGM Resorts, which generated a whopping $16.67B in revenue. While 51% of that was from gambling, a weighty 37% came from rooms, food, and beverage. The company began operations in 1987, and William Hornbuckle has been the CEO since 2019. Headquartered in Las Vegas, Nevada, MGM Resorts shows no signs of slowing down anytime soon.
2. Caesars Entertainment | $11.44B
Next, we have Caesars Entertainment, located in Las Vegas. Its similarly impressive revenue of $11.440B can be attributed to a boost from its newly debuted online app. Caesars Entertainment is a global leader in hospitality and gaming, and what started out as a single casino has now flourished into more than 50 establishments worldwide.
3. Las Vegas Sands | $11.21B
Las Vegas Sands is the third company to make it into our ranking, with earnings standing at $11.21B! While 69% of that is from gambling, a staggering $2.9 billion is thanks to rooms, food, retail, and beverages. The hugely successful American casino and resort company founded by Sheldon G. Adelson and his partners has corporate headquarters in Las Vegas and now boasts locations in Macao and Singapore.
4. Flutter Entertainment | $9.32B
Flutter Entertainment is next on our list, with a revenue of $9.32B. In 2018, this international sports betting and gambling company acquired FanDuel, which undoubtedly bolstered its growth. It’s headquartered in Dublin, Ireland, and Peter Jackson has been CEO since 2018. No, not the Lord of the Rings guy.
5. Wynn Resorts | $6.97B
In fifth place is Wynn Resorts, which, like our top three, has headquarters in Las Vegas. Its revenue stands at an impressive $6.971B, with 58% coming from gambling and 38% from food, drinks, and rooms.
6. Penn National Gambling | $6.29B
Taking sixth among our list of companies that have returned the strongest revenues is Penn National Gambling, based in Great Lakes. Impressively, its income stands at a staggering $6.29B, thanks to popular brands underneath its umbrella, like Ameristar and Hollywood Casino.
7. Entain | $5.20B
Entain takes seventh, reporting revenue of over $5.20B. One of the four brands on our list that is not based in the US, Entain actually operates from the Isle of Man, in a stretch of sea between the UK and Ireland!
8. International Game Technology | $4.31B
Another European gambling brand, International Game Technology (IGT), is based out of London, England, and is run by CEO Vincent Sadusky. According to the latest figures, its reported revenue exceeds $4.31B.
9. Melco Resorts and Entertainment | $4.17B
Placed ninth, Melco Resorts and Entertainment, run by Lawrence Ho Yau Lung and based in Hong Kong, has a reported income of $4.17 billion. Its resort-style casinos, which Forbes Travel Guide rated five stars, contribute to this income.
10. DraftKings | $4.07B
Finally, Boston-based DraftKings rounds out our list of the ten best-performing gambling brands from a revenue perspective. It has earned an eye-watering $4.07B, almost all of which came from online sports betting.
The Top Five Highest-Grossing US Companies
To get a better frame of reference for how the top gambling brands perform, let’s examine the figures for the highest-revenue companies across all markets.
1. Walmart | $648.125B
Walmart, a multichannel retailer and common household name, claims the top spot on our list, generating a whopping $648.125B in revenue. Its headquarters are in Bentonville, Arkansas, yet it has over 10,500 stores worldwide and over 4,500 in the US alone!
2. Amazon | $574.785B
Next is Amazon (CEO Andrew R. Jassy), with a similarly impressive revenue of $574.785B. Amazon was founded in 1994 and has its headquarters in Seattle, Washington. Various channels contribute to its impressive growth, including its retail platform and popular streaming service.
3. Apple | $383.285B
Apple comes in third, with a revenue figure standing at $383.285B. The company continues to dominate the market with an array of products, from iPhones to Apple watches. Tim Cook took over as CEO in 2011, and the company is forecasted to grow further in the coming years.
4. UnitedHealth Group | $371.622B
Coming in fourth is UnitedHealth Group, a multinational health insurance and services company based in Minnetonka, Minnesota. CEO Andrew Witty reported a milestone revenue figure of $371.622B! Hugely profitable, it’s no surprise it made its way into our ranking.
5. Berkshire Hathaway | $364.482B
In fifth place is Berkshire Hathaway, a holding company based in Omaha, Nebraska, run by Warren Buffett. Founded in 1839 as a textile company, it evolved into a conglomerate in 1965. With a revenue of $364.482B, Berkshire Hathaway sits comfortably at the midpoint on our list.
The Best of the Rest
We’ve detailed our top five businesses, but we couldn’t stop there. The following have similarly impressive statistics.
CVS Health in Woonsocket, Rhode Island, generated a revenue of $357.776B, and Exxon Mobil saw a revenue of $344.582B. Meanwhile, Alphabet (owner of Google and more), a global technology company with headquarters in California, experienced revenue of $307.394B, and McKesson (CEO Brian S. Tyler) comes in at $276.711B. Finally, Cencora, a pharmacy behemoth, saw a total revenue of $262.173B!
It’s clear that gambling is a heavy hitter across all global markets, with astronomical projected growth. While gambling companies aren’t yet punching in the same weight class as some of the household names below, who knows if, in the future, we’ll see the likes of MGM featured alongside Walmart and Amazon.
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Methodology
This data was collected using Crunchbase, the leading destination for company insights from early-stage startups to the Fortune 1000.
