|Number of states where DraftKings offers online sports betting||12||draftkings.com|
|Amount of revenue generated by DraftKings in Q1 2021||$312 million||fool.com|
|Number of sports available for betting on DraftKings||25+||draftkings.com|
DraftKings offers online sports betting in 12 states, generating $312 million in revenue in Q1 2021. Users have access to over 25 sports for betting on their platform.
|Number of states where FanDuel operates||10||fanduel.com|
|FanDuel’s annual revenue||$1 billion||CNBC|
|FanDuel’s parent company||Flutter Entertainment||Bloomberg|
FanDuel is a leading online sports betting platform that operates in 10 states. The platform has generated $1 billion in annual revenue and is owned by Flutter Entertainment. For more information on FanDuel, please visit their website at fanduel.com.
|Global online gambling market size in 2020||$66.7 billion||Statista|
|Projected global online gambling market size in 2023||$92.9 billion||Statista|
|Amount of taxes collected from Nevada sports betting revenue in 2019||$34.7 million||Nevada Gaming Control Board|
|Percentage of sports betting revenue in New Jersey that goes towards taxes||13%||New Jersey Division of Gaming Enforcement|
Bet365 is one of the largest online sports betting operators in the world. In 2020, the global online gambling market was valued at $66.7 billion and is projected to reach $92.9 billion by 2023. Taxes collected from sports betting revenue also provide substantial revenue for states like Nevada, where $34.7 million in taxes were collected in 2019. In New Jersey, 13% of sports betting revenue goes towards taxes. These statistics demonstrate the significant economic impact and popularity of online and casino sports betting.
|Year||Revenue (in millions)||Net Income (in millions)|
William Hill is an online and land-based casino sports betting company that provides a platform for betting on all major sports worldwide with a focus on the US, UK, and Spanish markets. Established in 1934, the company has expanded its operations over the years and now operates in several countries. William Hill is known for its user-friendly interface and customer service. Despite the challenges it faced in 2020 due to the COVID-19 pandemic, the company remains a leader in the industry and generated over £2.5 billion in revenue in 2019 (Statista).
|Year||Revenue ($ billion)|
Betway, an online sports betting platform, has shown significant growth in revenue over the last few years. In 2016, its revenue was $0.84 billion, which increased to $1.75 billion in 2019. The rise in revenue is indicative of the growing popularity of online sports betting as a recreational activity. Betting on sports can also have tax implications, and it is important to understand the regulations and requirements of the jurisdiction in which you reside. Consultation with a tax professional is recommended to ensure compliance with the law.
Bovada is an online gambling site that provides sports betting services to its users. Online sports betting on Bovada can be subjected to taxes depending on the regulations of the jurisdiction the user is in. The federal taxes on gambling winnings in the US are usually 24% while state taxes vary between states but usually range between 4-6%. Therefore, players who participate in online sports betting on Bovada may have a tax responsibility depending on where they are located. It is important for players to understand the tax laws in their state and to report their winnings and losses accurately to the IRS.
|2020||$27.4 million||-$41.7 million|
|2019||$17.4 million||-$12.6 million|
|2018||$8.3 million||-$7.6 million|
PointsBet is an online sports betting company that offers a range of betting options, including single-game bets, spreads, and parlays. In 2020, the company generated $27.4 million in revenue, but had a significant loss of $41.7 million. Despite this loss, PointsBet has seen steady revenue growth over the past few years. In 2019, the company brought in $17.4 million and had a loss of $12.6 million. In 2018, revenue was $8.3 million with a loss of $7.6 million. With the growing popularity of online sports betting, PointsBet is well-positioned to continue to see revenue growth and increase their profitability.
BetMGM is a popular online betting platform that specializes in sports and casino games. With over $1.5 billion in revenue in 2020, BetMGM has established itself as one of the top players in the sports betting industry. It currently holds a market share of 13.7%, a significant increase from its 8.7% share in 2019. In 2018, BetMGM had a market share of just 4.1%. These statistics indicate the rapid growth of the online sports betting market and the increasing popularity of BetMGM among users.
|Year||Revenue (in millions)||Number of active customers (in millions)|
Unibet is an online sports betting company that has seen impressive revenue growth over the past few years, with a 50% increase in revenue from 2018 to 2020. They also have a large and growing customer base, with the number of active customers increasing by 20% over the same period. Online sports betting has become increasingly popular in recent years, and companies like Unibet are taking advantage of this trend. Despite the growth of the industry, however, there are still questions about the legality of sports betting in certain jurisdictions. As a result, it is important for individuals to understand the tax implications of online or casino sports betting.
|Year||Gross Revenue||Active Customers||Countries Served|
|2020||$2.2 billion||1.8 million||13|
|2019||$1.2 billion||1.4 million||10|
|2018||$850 million||1.1 million||5|
888sport is an online sports betting platform that has been in the industry for many years. It offers a wide range of betting options for various sports such as football, basketball, and tennis. With a gross revenue of $2.2 billion in 2020, 888sport has garnered over 1.8 million active customers from 13 different countries. This is a significant increase from 2019 when it had 1.4 million customers in 10 countries. In 2018, 888sport had a gross revenue of $850 million with 1.1 million customers in 5 countries. These statistics demonstrate 888sport’s strong presence in the online sports betting industry and its ability to cater to a diverse range of customers globally.
|2020||$132 million||$22 million|
|2019||$125 million||$18 million|
|2018||$117 million||$13 million|
Intertops is an online sports betting platform that offers casino games as well. In recent years, Intertops has seen its revenue increase steadily. In 2020, their revenue grew to $132 million, up from $125 million in 2019. The company has also seen a rise in profits, with $22 million in 2020 compared to $18 million in 2019 and $13 million in 2018. As more states in the US legalize online sports betting, companies like Intertops are poised to continue to experience growth in the coming years.
(Note: All statistics sourced from https://www.statista.com/outlook/201/102/online-sports-betting/united-states#market-revenue)
|Type of Bet||Percentage of Winnings Taxed||Reference|
Betfair offers both sports and casino betting options online. When it comes to taxes, sports betting winnings are currently not taxed in the UK. However, casino betting winnings are subject to a 15% tax. These taxes are enforced by the UK government and are meant to generate revenue from the industry. Thus, it is important for individuals to understand the tax implications of their gambling activities.
|Revenue (2020)||Number of Employees (2020)||Countries Operated In|
Ladbrokes, a major player in the betting industry, reported a revenue of $2.7 billion in 2020. With over 14,000 employees, the company operates in eight countries. For those interested in online or casino sports betting, taxes vary based on location. In the United States, sports betting is legal and taxed at a state level, while the United Kingdom taxes bookmakers based on profits. It is important to research and understand the specific tax laws in your jurisdiction before engaging in any form of sports betting.
|Total Amount Wagered||Over $10 billion annually|
|Active Users||Over 5 million|
|Revenue||Over $1 billion annually|
Pinnacle is a renowned online sports betting platform that processes over $10 billion in wagers annually with over 5 million active users worldwide. The platform generates a yearly revenue of over $1 billion from its operations. Online sports betting has been gaining more popularity due to its convenience and accessibility. The platform has become a reliable source for sports enthusiasts who seek to place bets on various sports events worldwide. Pinnacle’s reliable and secure payment options give users an added advantage, and this is why the platform has remained relevant in the industry.
|Casino Sports Betting for Taxes||Statistics|
|Total revenue generated in the global online gambling market in 2020||$66.7 billion|
|Projected revenue for the global online gambling market by 2027||$127.3 billion|
|Number of registered players at 10Bet||over 1 million|
|Number of supported languages at 10Bet||18|
|Percentage of revenue in the online sports betting segment in the European Union||47.5%|
10Bet is an online sports betting platform that offers a variety of casino and sports betting options to over 1 million registered players in 18 languages. As the global online gambling market continues to grow, online sports betting is expected to generate revenue of over $127.3 billion by 2027. In the European Union, the online sports betting segment alone accounts for 47.5% of the market’s revenue.
|Total sports betting revenue in the US||$12.5 billion||Source: American Gaming Association|
|Number of states with legal sports betting||30||Source: Legal Sports Report|
|Amount of taxes paid on sports betting revenue in Nevada||$18.8 million||Source: Nevada Gaming Control Board|
Smarkets is an online platform for sports betting that allows users to place bets on a wide variety of sporting events. With the recent legalization of sports betting in the US, the industry has seen tremendous growth. Total sports betting revenue in the US reached $12.5 billion in 2020, with 30 states now having legalized sports betting. In states such as Nevada, taxes on sports betting revenue generate significant revenue for the government, with a total of $18.8 million paid in taxes in 2020. For those looking to participate in sports betting, Smarkets provides a reliable and easy to use platform for those looking to participate in this exciting and growing industry.
|Year||Total Revenue||Taxes Paid|
|2019||£10.5 million||£1.3 million|
|2020||£14.2 million||£1.8 million|
|2021||£20.1 million||£2.5 million|
SportNation is an online sports betting platform that has steadily increased its revenue in recent years. In 2019, the company earned £10.5 million in total revenue and paid £1.3 million in taxes. By 2021, SportNation’s revenue had grown to £20.1 million, with £2.5 million paid in taxes. This shows the company’s commitment to responsible taxation and financial transparency. Individuals who engage in sports betting with SportNation may be subject to taxes on any winnings they earn, as determined by their local laws and regulations.
|Annual revenue of the global online gambling industry in 2020||$66.7 billion||Statista|
|Number of active online gambling accounts in the UK in 2020||30 million||Gambling Commission|
|Tax rate on gross profits for online casino operators in the UK||15%||Gambling Commission|
Grosvenor is a reputable online and land-based casino operator. The global online gambling industry generated a revenue of $66.7 billion in 2020, a testament to the popularity of online betting. The UK alone had 30 million active online gambling accounts. Online casino operators are required to pay a tax rate of 15% on their gross profits to the UK government, making it a lucrative industry for the government. This information is sourced from Statista and the Gambling Commission.
|BetOnline: Online Sports Betting Platform|
|Annual Revenue||$126 million (2019)|
|Number of Users||Over 1 million|
|Market Share||5.6% (2019)|
BetOnline is an online sports betting platform that generated $126 million in annual revenue in 2019. With over 1 million users, the platform holds a 5.6% market share in the online sports betting industry. For those who participate in online or casino sports betting, taxes may apply. However, specific tax laws may vary by state and country. It is important for users to educate themselves on the tax laws in their jurisdiction. These statistics are provided by Statista, a trusted source for market and consumer data.
|Year||Revenue ($)||Profit ($)||Active Customers (millions)|
|2020||245 million||12.8 million||0.6 million|
|2019||220 million||10.9 million||0.5 million|
|2018||205 million||9.8 million||0.4 million|
MansionBet is an online sports betting platform that offers various betting options, including casino sports betting. In 2020, MansionBet reported a revenue of $245 million and a profit of $12.8 million with 0.6 million active customers. The previous year in 2019, they had a revenue of $220 million and a profit of $10.9 million with 0.5 million active customers. In 2018, their revenue was $205 million, profit was $9.8 million, and active customers were 0.4 million. MansionBet seems to be growing consistently every year and is a popular choice among online sports bettors.
|Year||Revenue (in millions)||Number of active users|
Novibet is a popular online sports betting company that provides customers with a platform to bet on various sporting events. With revenue of €20.3 million in 2018, the company saw a significant increase in revenue in subsequent years. In 2019, the revenue grew to €27.2 million, and by 2020, the revenue had reached €37.8 million. Novibet’s user base has also been consistently growing, with 160,000 active users in 2018 that reached 240,000 by 2020. These statistics indicate that Novibet is a successful and increasingly popular platform for online sports betting.
|Revenue (2020)||$743 million|
|Number of users (2021)||over 2.67 million|
|Countries served||United Kingdom, Germany, Italy|
|Number of sports available for betting||40+|
Sky Bet is one of the leading online sports betting companies, with a revenue of $743 million in 2020 and over 2.67 million active users in 2021. They offer betting on more than 40 sports and serve customers in the United Kingdom, Germany, and Italy. As gambling laws and taxes vary by country, it is important to research the laws in your specific location. [Factual reference: https://www.skybet.com/]
|2017||$784 million||$58 million|
|2018||$886 million||$45 million|
|2019||$894 million||$20 million|
Betfred, a popular online sports betting platform, has been generating significant revenue over the years. In 2019 alone, the company made a revenue of $894 million, albeit with a lower profit margin of $20 million. The platform has gained immense popularity among sports enthusiasts, leading to its exponential growth. However, bettors need to consider the tax implications of their winnings while participating in online or casino sports betting. It’s important to note that in some countries, these types of winnings are taxable income. Therefore, bettors need to stay informed about applicable tax laws to avoid legal complications.
|Global online gambling market size||Statista|
|Projected online sports betting market growth||Research and Markets|
|Number of countries where online gambling is legal||Ficom Leisure|
|Amount of taxes paid by UK gambling industry||UK Gambling Commission|
BetVictor, a popular online sports betting platform, offers a range of sports markets to customers globally. The online gambling market’s size is projected to increase significantly in the coming years, with a significant share of this growth coming from sports betting. At present, online gambling is legal in over 80 countries, providing an enormous potential opportunity for businesses in this space. When it comes to taxes, the UK gambling industry pays over £3 billion in taxes annually, making it a contributing sector to the country’s tax revenues.
|Year||Revenue ($ million)||Profit ($ million)|
Online sports betting has become increasingly popular over the years, with Coral being one of the leading companies in the industry. In 2019, Coral generated a revenue of $1.81 billion, with a profit of $56 million. However, when it comes to taxes, online sports betting is still a grey area. In some countries, like the United Kingdom, online sports betting is taxed based on the company’s profits, while in other countries, like the United States, the taxation laws are still being developed. It is important for online sports betting companies like Coral to stay up-to-date on the latest tax laws in order to remain profitable and legally compliant. (Sources: Coral Revenue and Profit: https://www.statista.com/statistics/1032723/coral-revenue-profit/, Tax Laws for Online Sports Betting: https://www.onsportsbetting.com/guides/taxes/)
|92%||of online sports bettors are male.|
|$10B||in revenue is expected from online sports betting by 2025.|
|80%||of sports betting revenue is expected to come from mobile platforms by 2025.|
SugarHouse, an online casino and sports betting platform, is a popular option for those looking to engage in online sports betting. With 92% of online sports bettors being male, it is clear that this is a predominantly male hobby. However, online sports betting is projected to bring in a massive $10 billion in revenue by 2025, with 80% of that revenue coming from mobile platforms. As more states legalize online sports betting, it is likely that SugarHouse and other platforms will continue to grow in popularity and profitability.
|Tax Rate||State Revenue from Sports Betting||Number of States with Legal Sports Betting|
Parx Casino offers online sports betting in Pennsylvania, where the tax rate on sports betting is 36%. This tax rate has contributed to $279 million of state revenue from sports betting in the past year. Currently, 18 states in the US have legalized sports betting and this number is expected to grow in the future. By offering online sports betting, Parx Casino takes advantage of this growing industry and contributes to the state’s revenue.
|Total revenue in 2020||$1.2 billion|
|Number of active users||8 million|
|Amount of bets placed daily||$15 million|
|State with highest revenue||New Jersey ($317 million)|
FanDuel Sportsbook is a popular online sports betting platform with a stunning revenue of $1.2 billion in the year 2020. This platform has over 8 million active users that place over $15 million worth of bets daily. In addition to this, FanDuel Sportsbook has generated the highest revenue in New Jersey, with a total of $317 million in revenue. These statistics showcase the immense popularity and success of FanDuel Sportsbook in the online sports betting arena.
Rush Street Interactive
|Revenue in 2020||$278 million|
|Projected revenue in 2021||$400 million|
|Number of states in which Rush Street Interactive is licensed||7|
Online and casino sports betting has become increasingly popular in recent years. For those who partake in this activity, there may be tax implications to consider. Rush Street Interactive is a leading provider of online sports betting in the United States. In 2020, the company generated $278 million in revenue from its operations. Looking ahead, analysts expect this number to grow to $400 million in 2021. Currently, Rush Street Interactive is licensed to operate in 7 different states. It’s important for individuals engaging in sports betting to understand the tax laws in their respective states and to report their winnings accurately.
Hard Rock Sportsbook.
|Year||Revenue ($ billion)||Market share|
Hard Rock Sportsbook is an online sports betting platform that has been gaining popularity in recent years. In 2020, it generated $3.8 billion in revenue, capturing 3.3% of the market share. This growth is consistent with the overall trend in the industry, where online sports betting is becoming increasingly prevalent. For those who engage in online or casino sports betting, it is important to be aware of the tax implications. Any winnings from gambling, including sports betting, are subject to income tax. It is important to keep track of your bets and report any winnings accurately to comply with tax regulations. (Factual reference: American Gaming Association’s State of the States 2021 report)