Biggest Online Sports Betting Companies
Exclusive to US players, Bovada is one of the best online sports betting sites for a variety of factors. Bovada offers an extensive selection of wagering options and prop bets on a daily. 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 top 3 is then rounded out by GVC Holdings, and Bet365. Sports betting on the Internet can be a thrilling experience for anyone. If you want your sports betting experience to go off without a hitch, however, you need to find the right website. Thankfully, the Internet is home to quite a few appropriate sites that can provide users with top-notch experiences.
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Sports betting on the Internet can be a thrilling experience for anyone. If you want your sports betting experience to go off without a hitch, however, you need to find the right website. Thankfully, the Internet is home to quite a few appropriate sites that can provide users with top-notch experiences. Be sure to check them out as soon as you get the chance.
#1 Bovada
If you’re keen on sports betting online, then there aren’t many website options that can even compete with Bovada. People who have penchants for gambling on the Internet often can’t turn away from this option. It presents users with an abundance of diverse choices as well. Some examples of these are baseball, basketball, and golf. It doesn’t matter what your specific sport preferences are. Bovada can help you attain an online betting experience that’s one for the record books, period. When you’re on the lookout for the best sports betting sites, then Bovada without a doubt should be on your radar. Fans of sports betting online frequently gravitate to Bovada and to all of its choices. Registration with Bovada can be a delight as well. That’s due to the fact that newbies can receive thrilling perks as incentives. If you like the concept of betting on hockey, basketball and the like, then you won’t be able to resist paying a visit to Bovada. Tennis bets have never been quite so pleasant online.
#2 BetOnline.ag
BetOnline.ag is another haven for people who adore wagering on their favorite sports. If you’re looking to streamline and simplify your sports betting journey in a significant way, then you should go to BetOnline.ag as soon as possible, no exceptions. This website caters to individuals who adore betting on favorites such as tennis, soccer, golf, hockey, baseball, football, and basketball. The sky is honestly the limit for fans who head over to BetOnline.ag these days. BetOnline can be a true haven for individuals who are searching for all of the best sports betting sites. BetOnline accommodates individuals who wish to place efficient wagers on preferred sports of all different varieties. If you’re in the mood to gamble in a productive and hassle-free manner, then this user-friendly site may be able to come to your rescue. It welcomes seemingly countless bet enthusiasts on a daily basis.
#3 SportsBetting.ag
If you’re attempting to pinpoint all of the greatest online sports betting sites going at the moment, then you should take the time to explore SportsBetting.ag right now. This website successfully accommodates people who are in the mood to place bets on basketball, baseball, tennis, soccer, golf, and hockey. If you want to wow the planet with your basketball bet abilities, then SportsBetting.ag can make things simple and stress-free for you. Signing up with SportsBetting.ag is in no way a complex process. SportsBetting.ag is a tried and tested powerhouse among individuals who revel in bets on the Internet. If you want to place wagers without having to worry about any of your choices, then you should check this website out without a hint of delay or reluctance. When you need online sports betting sites that are 100 percent uncomplicated, then SportsBetting.ag doesn’t have many competitors whatsoever. Registering for this website isn’t at all overwhelming or complex. It’s actually a pretty enjoyable thing. If you want to relish wagering on options that tick off all sorts of boxes, then you should take the time to learn everything you can about SportsBetting.ag as soon as possible. The website has a sizable fanbase. It has some of the most conscientious and pleasant customer service representatives out there as well.
Sports betting is big business around the world, and it's been dominated for decades by traditional land-based casinos. That's changing as betting moves online, and the mobile gambling market took a major step forward in 2020 as more states legalized online gambling, and thousands of people began betting legally at home during the pandemic. A few companies hit public markets as well, bringing even more attention and funding to the industry.
As we look back on the year and forward to 2021, the sports betting market has three clear winners in my eyes: DraftKings(NASDAQ: DKNG), MGM Resorts International(NYSE: MGM), and the little known GAN Limited(NASDAQ: GAN).
DraftKings
The hottest sports betting stock of 2020 was DraftKings, hands down. The company hit the market through a special purpose acquisition company and hasn't looked back. Shares shot higher as the pandemic wore on and sports came back, helped by investors hoping that online betting would begin to replace in-person betting. For the year, shares are up 406%.
In some ways, the boom in online betting is happening faster than expected, and that's helped early movers like DraftKings. In New Jersey, which is the bellwether for online gambling because it was the biggest early state to allow betting, there were $91.8 million in bets in November 2020 alone, up 86.9% from a year ago. If that growth and level of revenue are any indication of the potential for the rest of the country, DraftKings has a long runway ahead.
The third-quarter 2020 results were a small indication of how well things are going for DraftKings. Revenue was up 42% on a pro forma basis to $133 million, and monthly unique users grew 64% to 1 million. Revenue is also expected to be $750 million to $850 million in 2021, up 45% at its midpoint from 2020 guidance. This is a sports betting stock with a lot going for it and maybe just at the beginning of its growth story.
MGM Resorts
As gambling moves online, companies with a physical presence can sometimes have an advantage over digital-only companies. They have known brands, regulators sometimes require a physical presence to operate in a state, and there can be synergies between real-world and online casinos. That's the space that MGM Resorts is trying to fill, and it's done so relatively well in 2020.
The joint venture MGM Resorts built to enter the space is BetMGM, which is now offered in eight states and is growing as quickly as states will allow. Like DraftKings, the company is limited by what's legal in the U.S., but betting should be opening up in more states long term.
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What I like about MGM as a sports betting play is that it has a foundation as a physical casino company. MGM can use the cash flow from its casinos to fund online gambling development, and if it does that successfully it should add a lucrative business to the portfolio.
GAN Limited
DraftKings and MGM are the companies that are taking bets and building the apps that consumers are using, but GAN is building the background infrastructure that online gambling is built on. Its software services include player identity validation, payment services, regulatory reporting, and even some game content. And with the recently announced acquisition of Coolbet, it'll enter the sports betting market worldwide.
If sports betting continues to grow, GAN will be one of the beneficiaries because it's providing services to multiple players. And I would expect some casinos and game companies that don't have the capital to build their own infrastructure to lean on a company like GAN.
What's exciting about GAN is that it has the opportunity to grow with the online gambling and sports betting industries as well as grow the services it offers to clients. It already has a turnkey solution for infrastructure, but don't be surprised to see more games added to the portfolio so GAN can white-label the entire casino experience. That's where the real money will be made for this gambling stock.
Online sports betting is booming
As more states are added to the legal betting industry, the amount bet on sports online is growing. And that's going to be a huge tailwind for DraftKings, MGM Resorts, and GAN Limited. The industry saw U.S. betting increase from $1.85 billion in August to $2.19 billion in September and is on its way to $3 billion in monthly bets. If the industry keeps growing at this rate, it could rival the revenue of physical casinos, and that would be a truly disruptive development in gambling.
Travis Hoium owns shares of MGM Resorts International. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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Largest Online Sports Betting Companies
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