According to a report by Grand View Research, the global #gambling market size was valued at USD 465.76 billion in 2020. The sports betting market, which is a subset of the gambling market, was valued at USD 203.1 billion in 2020. The high figures in 2020 has to do with the Covid lockdown.
In #Europe UK is especially dominant in the #betting industry.
UK Betting Industry
One potential advantage of investing in #betting and #gambling companies is their potential for growth and profitability, particularly in the online sector. As more consumers turn to online betting and gambling, companies in this industry may be well-positioned to benefit from this trend. Even more promising are the crypto related betting #cryptos. UK alternatives is especially interesting as there is a stable regulatory environment in the UK. Other alternatives might be betting companies in the Nordic Countries including #Unibet and #LeoVegas.
The UK Gambling Commission provides a framework for the industry that aims to balance the interests of consumers and operators while promoting responsible #gambling. This can provide a level of stability and predictability for investors.
Here are a few noteworthy betting companies.
William Hill – One of the largest #bookmakers in the UK, William Hill has been around since 1934 and operates over 2,300 betting shops in the UK. In 2020, William Hill’s revenue was approximately £1.3 billion.
Ladbrokes Coral – Ladbrokes and Coral merged in 2016 to create one of the largest betting companies in the UK. They have over 3,500 betting shops and a strong online presence. In 2020, their revenue was around £1.5 billion.
Bet365 – A major online betting company, Bet365 is headquartered in Stoke-on-Trent and has over 35 million customers worldwide. In 2020, their revenue was approximately £3 billion.
Paddy Power Betfair – This company operates the Paddy Power and Betfair brands, and has a significant online presence. In 2020, their revenue was around £1.8 billion.
GVC Holdings – GVC Holdings owns several popular betting brands, including Bwin, Sportingbet, and PartyPoker. In 2020, their revenue was approximately £3.6 billion.
Bet365 – Bet365 is a leading online sports betting company with headquarters in the UK. They offer a wide range of sports betting options and casino games, and have a large customer base across Europe.
Betfair – Betfair is an online betting exchange that allows customers to place bets against each other rather than against the bookmaker. They offer a wide range of sports betting options and have a large customer base across Europe.
Betfred – Betfred is a UK-based bookmaker that offers sports betting, online casino games, and online poker. They are known for their high-profile sponsorship deals with sports teams and events.
Unibet – Unibet is a Scandinavian betting company that offers sports betting, online casino games, and online poker. They have a large customer base across Europe and are known for their user-friendly website and mobile app.
One of few cryptos I found aimed at betting is $TBC @thebettingcult
Their motto is: BET │ BUYBACK │BURN
http://www.thebettingcult.com
@thebettingcult
twitter.com/bettingcult
Microcap and Nanocap Crypto 