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Largest Online Betting Public Companies

Benchmark revenue and EBITDA valuation multiples for public comps like Aristocrat Leisure, Flutter Entertainment, Evolution, DraftKings and Allwyn.

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Australia
Aristocrat Leisure is an electronic gaming machine manufacturer that sells machines to pubs, clubs, and casinos. The firm is licensed in all Australian states and territories, North American jurisdictions, and essentially every major country. Aristocrat is one of the top three largest players in the space along with International Game Technology and Light & Wonder. Through acquisitions of Plarium and more recently Big Fish, Aristocrat now derives a significant proportion of earnings from the faster growing mobile gaming business.
$36
-22%
$22B
$23B
5.1x
12.0x
United States
In 2016, Irish company Paddy Power merged with UK firm Betfair to form online gaming operator Flutter Entertainment. Today, Flutter has the top digital revenue share in the US, UK and Ireland, Australia, Italy, and many other countries. Some of its leading brands are FanDuel in the US, Sky Betting & Gaming and Paddy Power in the UK and Ireland, Sportsbet (acquired by Paddy Power beginning in 2009) in Australia, and Sisal in Italy. As of Dec. 31, 2024, the company offered products in over 100 countries and had 13.9 million average monthly users. In 2024, sports betting was 56% of revenue, online gaming 40%, and fantasy sports, horse racing, and other 4%. The company is scheduled to launch a predictive sports betting platform in late 2025.
$101
-65%
$17B
$27B
1.6x
9.3x
Sweden
Evolution AB is a B2B provider of live and slots casino systems. The Company develops, produces, markets, and licenses fully integrated online casino systems to gaming operators. The company provides business-to-business solutions, which it develops and produces for gaming operators. Evolution's primary product, Live Casino, allows a human dealer to run a real-time casino table, which is then streamed to digital devices. Players can then place bets on desktops, smartphones, and tablets and communicate with the dealer through Evolution's software. The company's services are licensed to casino operators. The company generates the vast majority of its revenue from Asia.
$76
-7%
$15B
$14B
5.7x
8.4x
United States
DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number-two or -three revenue share position across states where it competes. DraftKings is now live with online or retail sports betting in 28 states and i-gaming in 5 states, with both products available to around 40% of Canada's population. In 2024, sports revenue was 61% of total sales, i-gaming 32%, and fantasy and lottery 7%. The company plans to launch a predictive event platform in late 2025 and also operates a non-fungible token commission-based marketplace and develops and licenses online gaming products.
$25
-41%
$13B
$14B
2.2x
21.8x
Greece
Allwyn AG, formerly known as OPAP Holding SA, is a gambling company that operates lotteries and sports betting, including horse races. The company is the exclusive gambling provider in Greece. The firm is organized into segments based on the type of game: Lotteries, Betting, Online betting, Other online games, Instant and Passives, VLTs, Telecommunication and eMoney services. It generates the majority of its revenue from the Lotteries segment. The gaming services are provided either online or through physical retailers. The company generates the vast majority of its revenue in Greece.
$16
-30%
$12B
$13B
4.5x
7.8x
Australia
The Lottery Corporation is Australia's largest provider of lottery, keno, and instant-scratch products, with long-dated and/or exclusive licenses for the lottery in all Australian states and territories except Western Australia, and in most states and territories for keno. Lottery Corp has a distribution network of more than 3,800 franchised retailers that sell instant-scratch and lottery products through vendors such as newsstands, gas stations, pharmacies, and convenience stores, as well as online sales. Keno is sold in over 3,400 bars and clubs.
$4
-2%
$8B
$10B
3.6x
17.7x
Italy
Lottomatica Group SpA is an operator on the gaming market authorized by the Customs and Monopolies Agency. The group operates in various sectors namely Online (sports betting and online games); Betting (sports bets and games on a physical network); Gaming (AWP and VLT entertainment machines, direct management of gaming halls and proprietary AWPs) and d VLT (video lottery terminals) entertainment device networks and management of owned gaming halls and AWPs (Gaming Franchise).
$30
+11%
$7B
$9B
3.6x
9.4x
United States
Super Group (SGHC) Ltd is a holding company that operates online sports betting and gaming businesses. The company's reportable segments are Betway, Spin, and Other. A majority of its revenue is generated from the Betway segment, which is a single-brand online sports betting and casino offering with licenses to operate throughout Europe, the Americas, and Africa. Spin is the company's multi-brand online casino offering, having a diverse portfolio of casino brands such as Jackpot City, Spin Casino, Dream Bingo, Mirror Bingo, etc., designed to be culturally relevant globally while aiming to offer a wide range of casino products. Geographically, the company generates maximum revenue from Africa and Middle East, followed by North America, Europe, Asia-Pacific, and South/Latin America.
$13
+19%
$7B
$6B
2.8x
11.2x
Greece
OPAP Holding SA, formerly known as Greek Organisation of Football Prognostics SA, is a gambling company that operates lotteries and sports betting, including horse races. The company is the exclusive gambling provider in Greece. The firm is organized into segments based on the type of game: Lotteries, Betting, Online betting, other online games, instant and passive, Vlts, Telecom and emoney services and others. The gaming services are provided either online or through physical retailers. The company generates the vast majority of its revenue in Greece.
$17
-24%
$6B
$7B
-
-
United States
Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, Wagering Services, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The Wagering Services segment includes the revenue and expenses from pari-mutuel wagers through TwinSpires, companies retail and online sports betting business and Gaming segment includes revenue and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenue and expenses from slot machines, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.
$86
-15%
$6B
$11B
3.7x
8.9x
France
FDJ United is engaged in Offline and online lottery games and sports betting. Its lottery games include draw games and instant games. Its lottery offers in France include prize draws such as Loto and Euromillions, as well as Illiko instant games. Also through its subsidiaries it has diversified with the roll-out of a French payment and collection service under the Nirio brand name.
$26
-32%
$5B
$7B
1.5x
6.2x
United Kingdom
Entain PLC is a sports betting and gaming company operating online and in the retail sector. It has five segments; UK&I: which comprises betting, gaming, and retail activities from online and mobile operations, and activities in the shop estates within Great Britain, Northern Ireland, Jersey, and the Republic of Ireland; International: which comprises betting, gaming, and retail activities in the shop estates in the rest of the world apart from UK&I and CEE; CEE: comprises betting, gaming and retail activities in Croatia and Poland for brands SuperSport and STS; Corporate: includes costs associated with Group functions including Group executive, legal, Group finance, U.S. joint venture, tax, and treasury; New Opportunities: Reflects the now closed B2C offering under the unikrn brand.
$7
-38%
$5B
$10B
1.4x
6.2x
United States
Rush Street Interactive Inc is an online gaming and entertainment company that focuses on online casinos and online sports betting in the U.S. and Latin American markets. It provides customers with an array of gaming offerings such as real-money online casinos, online sports betting, and retail sports betting, as well as social gaming, which involves free-to-play games that use virtual credits that can be earned or purchased. The company generates revenue by offering online casinos, online sports betting, and social gaming directly to the end customer through its websites or apps. The company generates revenue through business-to-consumer (B2C) and business-to-business (B2B) models.
$26
+76%
$3B
$2B
2.1x
15.5x
Greece
Ballys Intralot SA is a iGaming operator and a world-wide provider of lottery solutions. The company enables operators to modernize their retail and digital offerings, deliver personalized and responsible player experiences, and operate with greater agility and efficiency in an increasingly converging gaming ecosystem. Its products and services include: B2C operations, Gambling Solutions, Betting Solutions, Lottery Solution and Digital Transformation.
$1
--
$3B
$4B
3.4x
8.4x
Spain
Cirsa Enterprises SA Formerly Cirsa Enterprises SAU a gaming operator also has a presence in the leisure sector. The company is available in various countries. It offers customized solutions and provides market, partners, and clients with fast, efficient, and personalized responses. The company operates in Spain, Panama, Colombia, Costa Rica and the Dominican Republic, Italy, Morocco, Mexico, Puerto Rico and Peru, of which maximum revenue is derived from Spain.
$14
--
$2B
$4B
1.5x
4.8x
United States
Brightstar Lottery PLC is a pure-play lottery company focused on innovation, delivering secure technology and comprehensive lottery solutions. The Company operates lottery management services and instant lottery systems, and runs an international land-based lottery and iLottery business covering sales, operations, product development, technology, and support, while serving as an iLottery platform provider. Lottery services are delivered through operating contracts, FMCs, LMAs, iLottery, and product sales contracts, including the Italian Lotto license and Italian Scratch and Win (Gratta e Vinci) lottery license. The majority of revenue comes from operating contracts and FMCs. Brightstar operates in the US, Italy, Rest of Europe, and Others, with the majority of revenue coming from the US.
$12
-27%
$2B
$5B
2.0x
4.4x
United Kingdom
Genius Sports Ltd is a B2B provider of scalable, technology-led products and services to the sports, sports betting, and sports media industries. Its services are organized into three key product areas including Sports Technology and Services; Betting Technology, Content and Services; and Media Technology, Content and Services. All of its products are powered by proprietary technology and robust data infrastructure. It generates maximum revenue from the Betting Technology, Content and Services division. Geographically, the company derives a majority of its revenue from Europe.
$6
-38%
$2B
$2B
2.3x
11.3x
Sweden
Betsson AB is a holding company that invests in and manages companies operating in the online gaming industry. The products consist of casino and sports betting. The main category of the casino is slots, or virtual slot machines, followed by the live casino, which provides the player with a virtual, real-life-like casino experience with table games broadcast live from the game provider's studio. Company's brands include either the entire product portfolio, such as Betsson, Betsafe, and Nordicbet, or just one product, such as Racebets (betting on horses) and Jalla Casino (casino). The brands’ services are offered through the proprietary platform that manages payments, customer information, accounts, transactions and a range of games on offer.
$10
-56%
$1B
$1B
0.8x
3.1x
Australia
Tabcorp is essentially a pure-play Australian wagering operator, with exclusive rights to physical wagering at venues (pubs, clubs, and racecourses) and also a digital offering. Tabcorp operates through principally through two segments: wagering and media and gaming services. The firm conducts wagering activities under the TAB brand both online and physically in every Australian state and territory other than Western Australia, reaching 90% of the population through a network of retail venues. In addition, Integrity Services provides services to electronic gaming machine venues.
$1
+12%
$1B
$2B
0.9x
6.7x
Italy
Playtech PLC specializes in gambling software for various online gambling networks that include online casinos, online bingo, mobile gaming, and online sports betting. The company's open platform software allows customers to build and market casino games that include blackjack, baccarat, slots, and roulette. The company's business segments are gaming B2B and B2C - Snaitech, B2C - Sun Bingo and Other B2C, and B2C - HAPPYBET. The company generates majority of its revenue from B2B segment. It generates majority of revenue from Italy.
$5
-8%
$1B
$1B
1.3x
5.2x
Germany
ZEAL Network SE is an e-commerce group of companies company specializing in the area of online lottery. The company offers consumer-facing lottery-based games as well as business-to-business solutions. The operating business segments are Germany and Other. The ZEAL group now has more than one million active customers. ZEAL allows the participation in state-licensed lotteries via the LOTTO24 and Tipp24 brands and also offers its own lottery products. ZEAL operates under its owns brands namely ZEAL Instant Games, ZEAL Ventures and ZEAL Iberia.
$53
-5%
$1B
$1B
4.8x
14.7x
United States
Accel Entertainment Inc is a distributed gaming and local entertainment operator in the United States. It is engaged in the installation, maintenance, operation, and servicing of gaming terminals and related equipment, redemption devices that disburse winnings and contain automated teller machine (ATM) functionality, and amusement devices in authorized non-casino locations such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores. The Company also operates stand-alone ATMs in gaming and non-gaming locations. It generates revenue from Net gaming, Amusement, Manufacturing, ATM fees, and others.
$12
+3%
$982M
$1B
1.0x
6.1x
Philippines
DigiPlus Interactive Corp is engaged in the business of leisure. The company operates in four segments: The network and license segment’s primary activity is the licensing of operators engaged in interactive gaming, as well as the establishment and setup of all the gaming infrastructures required in connection with the development, operation, and conduct of internet server, telecommunication network, gaming enterprises, and other systems facilities. The casino group is involved in arcade leasing. The retail segment which generates key revenue consists of venues providing amusements and recreation facilities. The property segment includes integrated resort operators and investment.
$0
-80%
$787M
$490M
0.4x
2.1x
Japan
Tokyotokeiba Co Ltd is a gambling company primarily engaged in horse racing. The company has four major business segments: public competition, amusement park, warehouse leasing, and service. The public competition segment operates horse and auto race tracks. The amusement park segment operates Tokyo Summerland. The warehouse leasing segment leases logistics warehouses, and the service segment leases commercial facilities. The company generates the vast majority of its revenue in Japan.
$29
-3%
$757M
$736M
2.7x
5.2x
Denmark
Better Collective AS is a developer of educational platforms within the iGaming industry. The company's segment includes Publishing and Paid Media. It generates maximum revenue from the Publishing segment. The publishing business segment includes revenue from Collective’s proprietary online platforms and media partnerships, where online traffic comes either directly or through organic search results.
$13
-7%
$756M
$1B
2.7x
9.1x
--
-
$1
--
$665M
$311M
-
-
United Kingdom
Rank Group (The) PLC is a gambling company with five primary business segments: Grosvenor Venues, Mecca Venues, Digital, Enracha Venues, and Corporate Costs. Its highest revenue producer is Grosvenor Casinos, a multichannel casino operator in the United Kingdom, which operates a variety of casino and slot machine games. Mecca offers bingo, gaming machines, great value food and drink, and live entertainment. Enracha is Rank’s community gaming business for the Spanish market. Rank's digital business segment includes Mecca and Grosvenor for the UK market and Yo for the Spanish market, and also operates over 80 UK digital-only brands via its proprietary technology platform and third-party platforms. Geographically, the company generates the majority of its revenue in the United Kingdom.
$1
-28%
$600M
$822M
0.8x
5.0x
Canada
The Intertain Group Ltd is a Canada-based company. It operates its business through segments that include Vera and John, which consists of the online casino operating results of various brands, including Vera and John and Vera and Juan; Jackpotjoy, which consist real money and social gaming; and Mandalay, which provides various online bingo websites operated off the Dragonfish platform. The Jackpotjoy generates maximum revenue for the company. The Europe region generates maximum revenue for the company.
$8
--
$573M
$972M
-
-
Japan
Tsuburaya Fields Holdings Inc formelry, Field Corp is a Japanese company which primarily develops and distributes gaming machines. The company designs, develops, sells, and maintains Pachinko and Pachislot gaming machines and software. In addition to its core gaming machine business, the company produces, licenses, and merchandises comics, movies, and interactive media content. Field Corp organises itself into four segments: comics, animation, movies/TV, and merchandising. The company is headquartered in Japan and generates all revenue domestically.
$8
-35%
$527M
$391M
0.4x
3.5x
Malta
Kambi Group PLC is a Malta-based company engaged in the provision of managed sports betting services. It is a business-to-business provider of sports betting services to licensed gaming operators. Its services encompass a broad offering from the front-end user interface through to odds compiling, customer intelligence, and risk management, built on in-house developed software. Kambi has offices in the United States, Sweden, the Philippines, Malta, Denmark, Romania, the United Kingdom, and Australia. Geographically, the majority of its revenue is generated from the Americas. The majority of revenue is from contracts with customers for sports betting services.
$18
+24%
$485M
$460M
2.4x
8.0x
Luxembourg
Codere Online Luxembourg SA is an international online casino gaming and online sports betting group focused on providing its customers with a safe and enjoyable online gaming experience. It currently operates in Spain, Mexico, Colombia, and Other countries. where it offers its users the ability to play online casino games and bet on sports events. Online casino offerings include the full portfolio of games typically available in land-based casinos, gaming halls and gambling establishments, such as slot machines, table games, and bingo. Online sports betting involves a user placing a wager on an event at some fixed odds determined by Codere Online. The company derives maximum revenue from Mexico.
$10
+14%
$439M
$375M
1.4x
23.1x
Malaysia
Sports Toto Bhd is an investment holding entity that provides management services to its subsidiaries. It is principally engaged in the operations of Toto betting. The company is also involved in other businesses which includes motor retailing, repair and maintenance, and provision of aftersales and insurance services. Its reportable segments are: (i) Toto betting; (ii) Motor vehicle dealership; and (iii) Others, which cover property investment and development, the development and distribution of computerized wagering and voting systems with software support, hotel operations, and sanitary landfill management. Revenue is predominantly generated from lottery sales and luxury motor sales. Geographically, it operates mainly in Malaysia and the United Kingdom.
$0
-1%
$432M
$674M
0.4x
5.5x
Australia
Ainsworth Game Technology Ltd is an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licensed in all Australian states and territories, North American jurisdictions, and several other countries. With the firm's domestic market share and earnings shrinking, the company has shifted focus to international operations, particularly the North American business.
$1
+52%
$329M
$344M
1.7x
10.1x
Canada
Pollard Banknote Ltd is principally engaged in the manufacturing, development, and sale of lottery and charitable gaming products throughout the world. Its operating segments are Lotteries, charitable gaming, Retail and eGaming systems. The company has one reportable segment, which comprises its four operating segments which includes Lotteries, Charitable gaming, eGaming systems, and Retail. The company has its geographic presence in Canada, United States and International. It generates majority of its revenue from United States.
$12
-27%
$314M
$426M
1.0x
4.8x
United Kingdom
Evoke PLC is an online betting and gaming company. The Group owns and operates internationally brands including William Hill, William Hill Vegas, 888casino, 888sport, 888poker, and Mr Green.
$1
-36%
$242M
$2B
1.0x
(8.9x)
Philippines
PhilWeb Corp is a gaming technology provider in the Asia Pacific Region. The company's purpose is to develop, design, build, operate, and manage gaming systems, applications, and operating platforms and facilities. The company products include e-Games, BigGame Inc, and Sports Betting.
$0
+306%
$240M
$244M
22.8x
(206.5x)
United States
Inspired Entertainment Inc is a gaming technology company based in the United States. Its core business involves the development of Virtual Sports and Server-Based Gaming systems with associated terminals and digital content to regulate betting, gaming, and lottery operators around the world. It operates through four segments, namely Gaming, Virtual Sports, Interactive, and Leisure. The company generates maximum revenue from the Gaming segment. Its Gaming segment supplies gaming terminals as well as gaming software and games for the terminals provided to betting offices, casinos, gaming halls, and high street adult gaming centers. Geographically, it derives a majority of revenue from the UK.
$8
-5%
$206M
$517M
1.7x
4.6x
Bulgaria
Telematic Interactive Bulgaria AD Sofia is engaged in the field of the online gaming industry. It is involved in activities namely casino games and online betting.
$12
-52%
$157M
$157M
1.9x
14.4x
Australia
BetMakers Technology Group Ltd engages in the development and provision of software, data, and analytic products for the B2B wagering market and the production and distribution of racing content. The firm operates in two segments: Global betting services and Global Tote. The Global betting services segment provides customers with a variety of racing software, data, and analytical tools. This includes basic race data such as pricing, runners, and form, as well as analytical tools to consume and leverage the data, and wagering tools such as platforms and managed trading services. The Global Tote segment, which derives maximum revenue, includes the provision of tote software and integrations to facilitate tote liquidity and resulting.
$0
+72%
$136M
$116M
1.9x
122.5x
Australia
Betr Entertainment Ltd is engaged in offering sports and racing betting products and services to online and telephone clients, via its online wagering platform and mobile applications. Its main product line includes sports, horse racing, greyhound racing, harness racing, and on-track bets. The company generates its income from wagering revenue. The group's operating segments are: Australia, which generates the maximum revenue, and Corporate.
$0
-37%
$126M
$125M
1.2x
26.7x
United Kingdom
Gaming Realms PLC is a gaming company. It develops, publishes, and licenses next-generation mobile gaming content. The company creates and publishes real money and social games for mobile, with operations in the UK, the U.S., and Canada. The group has two continuing reportable operating segments Licensing - brand and content licensing to partners in Europe and the U.S., and Social Publishing - providing freemium games to the U.S and Europe. The company's geographical segment includes the UK (including the Channel Islands), the U.S., Isle of Man, Malta, Gibraltar, and the Rest of the world. It generates the majority of its revenue from the Licensing segment.
$0
-36%
$118M
$95M
2.3x
4.8x
United States
Gambling.com Group Ltd is a multi-award-winning performance marketing company and a provider of digital marketing services in the online gambling industry. Its principal focus is on online casinos online sports betting and the fantasy sports industry. It generates revenue by referring online gamblers to online gambling operators.
$2
-80%
$85M
$197M
1.2x
3.4x
United States
Canterbury Park Holding Corp is in the business of pari-mutuel wagering on horse races and unbanked card games at its canterbury park racetrack and card casino facility in Minnesota. The company has four operating segments. The horse racing segment represents pari-mutuel wagering operations on simulcast and lives horse races; the Casino segment represents unbanked card operations; the food and beverage segment includes concessions, catering, and events services provided at the Racetrack; and the development segment represents its real estate development operations. The firm generates a majority of its revenue from the Casino segment.
$16
-16%
$81M
$64M
1.1x
9.8x
United States
High Roller Technologies Inc is a company that operates through its subsidiaries and controls an online gaming operator. The company offers diverse and dynamic real-money Casino entertainment products to players world-wide through the Platform. Through its Platform, the company provides a large selection of exciting games, personalized experiences, and a community in a safe, secure environment built on trust and customer service. iGaming, or online casino, offerings typically include the full suite of games available in land-based casinos, such as blackjack, roulette, baccarat, poker, and slot machines.
$6
+104%
$67M
$45M
2.2x
(24.3x)
United States
Galaxy Gaming Inc is an established gaming company specializing in the design, development, acquisition, assembly, marketing, and licensing of proprietary casino table games and associated technology, platforms and systems for the casino gaming industry. Casinos use their proprietary products and services to enhance their gaming operations and improve their profitability, productivity. and security, as well as to offer popular cutting-edge gaming entertainment content and technology to their players.
$2
-35%
$46M
$79M
-
-
Malta
GiG Software PLC is a B2B provider of software within the iGaming industry, offering its proprietary technical platform solutions and services tailored to casino operators through a SaaS model. The Company enables operators to design, implement, and operate online casinos through its comprehensive turn-key platform and surrounding product suite. Its products and services are iGaming Platform, Sportsbook Sweepstakes Omnichannel, Managed Services, and others.
$0
-63%
$45M
$42M
0.8x
8.9x
Canada
Bragg Gaming Group Inc is predominantly a B2B online gaming technology platform and casino content aggregator. The Company's proprietary studios offer high-performing, data-driven casino gaming titles from in-house brands Wild Streak, Spin, Atomic Slot Lab, Indigo Magic, and Oryx Gaming. It offers a full range of games including slot games, table games, card games, video bingo, scratch card games, virtual sports, and live dealer games which are featured on the company's PAM platform and also available for use on other gaming platforms offered by third parties. Geographically, the company generates a majority of its revenue from the Netherlands and the rest from Curacao, Malta, the United States, Croatia, and other regions.
$2
-61%
$44M
$47M
0.4x
2.5x
Australia
Sportshero Ltd is an electronic gaming company. Its principal activities consist of the acquisition and development of sports gamification platforms. The company's geographical segment includes Australia, Singapore, and Indonesia. It derives a majority of its revenue from Indonesia.
$0
--
$41M
$41M
1513.8x
(30.7x)
United States
Apple iSports Group Inc is a digital sports entertainment and gaming company that provides users with sports betting and sports streaming solutions, bringing the digital entertainment experience to the hands of sports and racing fans. It is engaged in the development of an online sports engagement portal that will include, racing and sports betting, fantasy sports and sports content. The company has two markets Australia and USA.
$0
-98%
$37M
$40M
-
-
United States
VIP Play Inc is a next-generation mobile sports wagering company focused on delivering secure, and engaging digital gaming experiences. operate a proprietary, cloud-native technology platform currently live in Tennessee, where the company is licensed to offer mobile sports betting.
$0
--
$29M
$56M
-
-
Germany
bet-at-home.com AG operates a domain of approximately 5 million registered users for sports betting and online gaming. The company operates its business in two segments; Online Sports Betting and Online Gaming/ Casino. It also offers online poker, casino, games, and virtual sports across Germany, Austria, Malta, and Gibraltar. bet-at-home generates revenues through the bets placed on its domain and online gaming. The company operates in Germany, Austira, Eastern Europe, and Western Europe.
$4
+23%
$29M
($14M)
(0.3x)
6.5x
Germany
Pferdewetten de AG is involved in arranging and placing bets for horse racing and other sports events. It engages in the online and offline horse betting business in Germany. Its horse betting services range from betting on German galloping and trotting to English, French, and other international horse races. The company also provides online horse betting services through its Internet platform pferdewetten.de. In addition, it offers consultancy and training services for the implementation and processing of sports and horse betting.
$3
-4%
$29M
$32M
0.6x
(1.3x)
Australia
RAS Technology Holdings Ltd is a provider of fully integrated premium data, enhanced content, SaaS solutions, and digital and media services to the racing and wagering industries. Geographically, the company operates in Australia, the United Kingdom, the United States, Asia, and the Rest of the World. The company generates the majority of its revenue from Australia.
$0
-24%
$23M
$20M
1.3x
12.3x
Sweden
Acroud AB operates comparison sites mainly within iGaming affiliation to help its partners by directing users to gaming operators. The company generates revenue through internal group services in IT, marketing, financial services, and management. Its operating business segments consist of iGaming affiliation and B2B SaaS Solutions. The iGaming Affiliation Segment that generates maximum revenue includes traditional business areas such as Poker, Sports Betting, and Casino. The SaaS segment provides business solution enabling clients to analyse and monetise their traffic sources.
$0
+42%
$22M
$33M
0.6x
25.2x
Malta
Catena Media PLC is a European company engaged in performance marketing and lead generation on the Internet. Catena Media is active within the iGaming and Financial Services industries. The group operates in the following segments: Casino and Sports. The group attracts end-users and generates revenue by using three primary online marketing methodologies, namely, Generating organic traffic by search engine optimization (SEO), including acquisitions; Paid media by using pay-per-click (PPC) media channels; and Providing website users a slimmed-down version of content through subscriptions.
$0
+34%
$20M
$4M
0.1x
(0.6x)
United States
SOLAI Ltd is a technology-driven cryptocurrency infrastructure company. It is expanding from its foundation in crypto mining to build a blockchain-based ecosystem spanning AI, stablecoins, and payment infrastructure, and Solana treasury and staking operations supporting use cases across institutional settlement, commerce, consumer payments, and AI-native agent transactions. The group is leveraging its blockchain and data infrastructure expertise, aiming to enhance on-chain efficiency and expand participation across Solana and other blockchain ecosystems.
$1
--
$18M
$18M
0.8x
(4.0x)
United Kingdom
B90 Holdings PLC is a gambling company. The company is engaged in offering online Sportsbook and Casino operations, casino products as well as marketing activities for other online gaming companies. The company earns maximum revenue from Affiliate marketing commissions.
$0
-4%
$14M
$14M
1.6x
10.7x
Sweden
Gaming Corps AB is a digital game developer focusing on traditional and non-traditional premium games for online casinos. The business is focused on several areas, in addition to an established global distribution network of casinos, the company also develops Casino Slots, Table Games, Multiplier Games, Mine Games, Plinko Games and the game series Smash4Cash.
$0
-40%
$11M
$11M
2.1x
(3.0x)
Sweden
Mediacle Group AB is a Sweden based company. It's business divisions are Digital Marketing, Software, Lead Generation, Design and Development, and B2C Brands. It owns and operates a number of B2C portals in the iGaming and E-commerce industry like iElektronic, Pantaluren, Pantadatorn, Mobilpengar, and JackpotMobileCasino.
$1
-25%
$10M
($1M)
(0.2x)
(0.6x)
Sweden
Blick Global Group AB through its subsidiaries invests in internet-based games and online casinos.
$0
+13%
$1M
$187K
-
0.1x
Canada
Rivalry Corp is a Canada based company. The company operates in the Sportsbook segment and Gaming segment. The Sportsbook segment generates revenues from esports and traditional sports betting, and Gaming segment revenues are earned from originally developed and third-party casino products such as Rushlane and Aviator.
$0
-91%
$314K
$13M
1.4x
(0.9x)
Sweden
Byhmgard AB develops, builds and invests in large-scale energy storage (BESS) projects in Europe. The business includes project development, EPC, software optimization and long-term operation. It aims to deliver critical energy solutions that enable Europe's green transition and strengthen the future energy infrastructure. The business model combines one-off revenues from EPC with recurring cash flows from energy management, operations, and support. Its operations span high-growth European markets including Sweden, Finland, Italy, Poland, and the Baltic states.
$0
--
$182K
$222K
-
-
United States
Esports Entertainment Group Inc is a full-service esports and online betting company. It focuses on three verticals: Games, iGaming, and Technology. EEG Games provides a wide array of services and infrastructure for businesses to engage esports and gaming communities around the world. EEG iGaming includes a number of award-winning brands covering traditional online sports book wagering needs as well as a multinational casino operator.
$0
-56%
$172K
$654K
-
-
Median$4-22%$432M$426M1.6x6.2x

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