Since the Supreme Court legalized sports betting in 2018, the U.S. sports betting market has grown into a $10 billion industry, according to research. Ben Andrew, head of European leisure and travel research at Goldman Sachs Research, predicts Americans will spend $45 billion a year on sports betting once the market matures. Increased legalization of gambling activities is likely to further accelerate market growth. North Carolina legalized sports betting on March 11 and within the first 12 hours of the law’s enactment, the state wagered an astounding $23.9 million. According to Sterl Carpenter, Deputy Executive Director of the Lotter Commission’s Game Compliance and Sports Betting Division, over $11.5 million came from real paid bets, and $12.3 million came from promotional bets in North Carolina.
Look into the 5 biggest sports betting companies in the US.
5. Boyd Gaming Corporation (NYSE:BYD)
Market cap as of March 29: $6.45 billion
Boyd Gaming Corporation (NYSE:BYD) is included in the list of largest sports betting companies in the United States. The company operates 28 gaming and entertainment centers in 10 states. It also owns sports betting app Boyd Sports, which offers online betting, race betting, and in-game betting services. As of March 29, Boyd Gaming Corporation (NYSE:BYD) had a market capitalization of $6.45 billion.
4. Churchill Downs (NASDAQ:CHDN)
Market cap as of March 29: $9.1 billion
Churchill Downs (NASDAQ:CHDN) is No. 4 on the list, and one of its largest assets is It’s the Kentucky Derby. The company specializes in horse racing, race betting, entertainment, casino gambling and online betting. A subsidiary of TwinSpires offers online horse racing betting. As of March 29, the company’s market capitalization was $9.12 billion.
3. Caesars Entertainment, Inc. (NASDAQ:CZR)
Market cap as of March 29: $9.46 billion
Caesars Entertainment, Inc. (NASDAQ:CZR) on list of largest U.S. sports betting companies Ranked 3rd place. The integrated casino company operates under the Caesars, Harrah’s, Horseshoe, and Eldorado brands. It offers traditional casino games, sports betting, online gambling, and sports betting to its customers. The market capitalization as of March 29 was $9.46 billion.
2. Wynn Resorts Limited (NASDAQ:WYNN)
Market cap as of March 29: $11.46 billion
Wynn Resorts Limited (NASDAQ:WYNN) is a leading integrated casino company providing betting and gaming services . The company owns the leading sports betting app WynnBET. The Wynn Race & Sports Book is equipped with three betting stations and a variety of LEDs to provide customers with the ultimate betting experience. As of March 29, the amount was $11.46 billion.
1. DraftKings Inc. (NASDAQ:DKNG)
Market cap as of March 29: $21.6 billion
DraftKings Inc. (NASDAQ:DKNG) tops the list of the largest space gambling companies in the United States. The company offers services and products such as iGaming, sports betting, fantasy sports, and digital casinos. As of March 29, that amount was $21.6 billion.