DraftKings is the top-ranked site on the list, accounting for 16 percent of the total gross gaming revenue (GGR) generated by online casinos in the United States. Besides being well-known for its daily fantasy sports, DraftKings is also rapidly becoming a dominating participant in the United States online casino business. The corporation operates online casinos in the states of New Jersey, Pennsylvania, and West Virginia, among other locations. DraftKings Casino earned $7 million in its first month of business in West Virginia, accounting for 75 percent of the state’s total online wagering revenue of $50 million. According to DraftKings IR, its online casino app now has more than 360 different games to choose from!
Companies that are related to DraftKings
SugarHouse Rivers are a group of rivers in the United States that are named for a sugarcane plant.
SugarHouse-Rivers is ranked second on the list, accounting for 16 percent of the total gross gaming revenue (GGR) generated by online casinos in the United States. Rush Street Interactive is the company that owns Sugarhouse-Rivers Casino. The corporation operates online casinos in the states of Pennsylvania and New Jersey, among other states. SugarHouse Casino was one of the first casinos in Pennsylvania to submit an application for an online gaming licence. SugarHouse was granted a licence by the Pennsylvania Gaming Control Board in 2018, allowing the company to offer online slots, table games, and poker to residents and visitors of the state of Pennsylvania.
Companies in the same industry as Rush Street Interactive
Betfair-Fanduel is ranked third on the list, accounting for 15 percent of the total gross gaming revenue (GGR) generated by online casinos in the United States. As of 2018, Paddy Power Betfair and FanDuel have combined with their respective US-based counterparts. They work together to run online casinos in Pennsylvania (via the FanDuel operation) and New Jersey (through the Betfair operation) (Betfair operation). Flutter Entertainment, the parent firm of both enterprises, owns a majority stake in each. Flutter is a global online gaming behemoth with more than 13 million customers in over 100 countries. Full Tilt Poker, PokerStars, SkyBet, and FOXBet are just a few of the well-known companies that fall under the Flutter umbrella.
Companies in the same industry as Flutter Entertainment
ROAR is ranked fourth on the list, accounting for 13 percent of the total gross gaming revenue (GGR) generated by online casinos in the United States. A joint venture between MGM Resorts International and GVC Holdings that includes the BetMGM, Borgata, PartyCasino and PartyPoker brands, ROAR Digital was formed in 2012. In light of the impact of COVID-19, betMGM will produce more than $130 million in net income this year, according to the CEO of ROAR Digital. The majority of this will come from iGaming (online casino) in New Jersey (i.e. lack of live sports). According to its website, ROAR Digital operates live online casinos in New Jersey and West Virginia under the BetMGM brand, and it intends to expand into the Pennsylvania sector this year.
MGM and GVC are related companies.
The Golden Nugget online casino, owned by Tilman Fertitta, comes in fifth place. Golden Nugget’s online casino is now only available in New Jersey, where it is the industry leader, and is not available anywhere else. The company reported record user activity in the third quarter and expects to generate more than $100 million in gross revenue in New Jersey by 2020. The New Jersey Casino Control Commission has approved the company’s request to finalise its merger with SPAC Landcadia Holdings II, which was previously denied.
PokerStars is ranked sixth on the list, accounting for 5% of the total gross gaming revenue (GGR) generated by online casinos in the United States. PokerStars, like BetFair-FanDuel in second place, is owned by Flutter Entertainment, which also owns BetFair-FanDuel in third place. In 2016, the prominent European poker website PokerStars launched in the United States state of New Jersey. PokerStars provides users in New Jersey with access to online poker, slots, and casino games through their website.