Top Online Gambling companies Financial Results in 2022

The global economic turbulence of 2022 had its influence felt across all industries, including online gambling. While several key players demonstrated resilience and navigated the choppy waters with varied degrees of success, the overall financial performance of the sector was inevitably intertwined with these broader challenges. This article probes into the financial outcomes of five major online gambling brands against this backdrop, supported by an insightful infographic that encapsulates key financial results of the top gambling companies: bet365, Flutter Entertainment, Entain Place, DraftKings, and 888 Holdings.

Bet365 - Consistent Growth Amid Global Turbulence

In the face of a challenging year, bet365 continued to solidify its leading position in the industry. The online gambling giant generated a revenue of £2.85B in 2022, marking a 3% uptick compared with the previous year. Furthermore, the company’s EBITDA reached an impressive £880M, reflecting bet365's solid operational efficiency and effective business strategies.

Flutter Entertainment: Soaring High With Multi-Brand Strength

Flutter Entertainment stood out with an impressive 14.64% growth in its 2022 revenue, reaching a staggering £7.69B. This robust growth is driven by its successful portfolio of brands, including PokerStars, Paddy Power, Sisal, and Betfair. The company’s EBITDA touched a significant high at £918M, demonstrating the potential of its diversified brand strategy.

Entain Place: Rapid Expansion Yielding Positive Results

Entain Place, known for its portfolio of brands including bwin, Ladbrokes, Coral, partypoker, and online casino brand partycasino, saw a revenue of £4.3B in 2022, up 12% from 2021. The company's EBITDA reached the £1B mark, underscoring the benefits of its expansion and diversification strategies.

DraftKings: Growth Amidst Challenges

DraftKings posted a 2022 revenue of $2.2B, evidencing the growing demand for its online sports betting and gaming services. However, the brand faced an EBITDA loss of $1.34B, suggesting that substantial investments were made to secure future growth and dominance in the competitive market.

888 Holdings: Strategic Expansion with the Acquisition of William Hill

The performance of 888 Holdings in 2022 was also noteworthy, with a revenue of £1.24B and and adjusted EBITDA of £218M. The growth can be significantly attributed to the strategic acquisition of international bookmaker and online gambling brand William Hill in 2022, which expanded its brand portfolio, alongside existing brands like 888casino, 888poker, and Mr. Green.

As we continue to monitor the fluctuating landscape of the online gambling sector, the attached infographic offers a succinct summary of the financial performance of these leading brands in 2022, capturing the key data points and trends that have shaped the industry's trajectory over this past year.