The iGaming industry, briefed
How big it is, where the money goes, who controls the chokepoints and what changed this quarter. Click anything to open it in the inspector. The full story is in the iGaming Industry Audit.
Market pulse
Latest reported figures · hover for sourceWhere every $100 goes
Latest
Biggest deals since 2024
Disclosed value · US$Dates ahead
Rules and taxes that change the mathsChokepoints
Most concentrated layers · analyst scoreThe iGaming value chain
Six columns, from the rules and rights that gate the market to the players at the end. Click a layer to trace who feeds it and who it feeds, and to see the companies in it.
Supply chain map
Click a layer to trace itLIST VIEW
Concentration
Ranked · analyst scoreRegulatory heat
Ranked · analyst scoreWho takes what
Typical fees and take rates, as reportedFollow the money
What happens to a player's stake in each business model: how much comes back as winnings, and how the rest is split between the operator, its suppliers, marketers and the state.
Where every $100 goes
TABLE VIEW
Who gets the house's money
Share of what the operator keeps, by modelTABLE VIEW
Unit economics
Reported metricsLeague tables
Revenue, profit and value of the companies that report them. Private companies appear only where a filing or a strong outlet disclosed a number.
Revenue ranking
Latest full year · US$Market value
5 Oct 2026 · US$ · 52-week moveFinancials
Deals and M&A
Acquisitions, investments, media and data-rights deals, with values as reported. The industry has consolidated around a handful of groups that buy national champions.
Disclosed deal value by year
US$ · deals with a disclosed valueTABLE VIEW
All deals
World atlas of online gambling
Where a licensed private operator can legally offer online betting or casino, what the state takes, and where the market is still grey. One tile per jurisdiction, so licence hubs like Malta and Curaçao show up.
Who can sell what, where
Licence hubs
Where the offshore industry is licensedOnline tax rates
Headline rate · base variesTABLE VIEW
Jurisdictions
United States and Canada
Since the Supreme Court struck down the federal ban in May 2018, each state writes its own rules. Sports betting spread fast; online casino did not. Sweepstakes casinos and prediction markets are where the fights are now.
State by state
US and Canada in numbers
One measure per chart · hollow bars are forecasts or partial yearsStates
Prediction markets
Federally regulated exchanges now sell sports event contracts in every state, including states where sports betting is illegal. States, tribes and sportsbooks are fighting it in court.
Trading volume
Valuations
Last closed round · US$ · rounds in talks are in the tableTABLE VIEW
The legal war
Exchanges and entrants
Companies in the prediction-market layerOffshore, crypto and the grey market
Much of the world's online gambling is sold into countries that never licensed it, from licence hubs, often paid in stablecoins and marketed by streamers. This view maps that economy.
Crypto casinos
Companies in the crypto-casino layerGlobal "dot-com" brands
Licensed in hubs, sold into grey marketsChannelisation
Licensed share of online play · estimates on different bases (hover for each)TABLE VIEW
Asia and sanctions
Enforcement against the offshore economyEntity explorer
Every company and organisation in the dataset. Filter by role, layer or region; sort any column; click a row to open its profile.
Companies and organisations
Role and layer are analyst classificationsLink graph
Who owns, supplies, sponsors and runs whom. Pick any company or person; its direct links fan out by type, and you can step to any neighbour.
Links
LIST VIEW
People
Founders, owners, executives, regulators, streamers and the defendants in the industry's biggest cases. Public figures only; every fact is dated and sourced, with legal status as of the data date.
Who's who
Fortunes made in gambling
Net worth as published · US$TABLE VIEW
Leadership moves
2024–2026The attention economy
Gambling is sold through streamers, influencers, affiliates, shirt sponsorships and media deals. This view follows who pays whom to bring players in.
Streamer and creator deals
How a casino stream gets paid
Reported deal mechanicsAttention in numbers
One measure per chartSponsorships
Enforcement
Fines, settlements, licence actions and sanctions. The biggest penalties are for money laundering and social-responsibility failures, not for cheating players.
Largest penalties
US$ at the date · orange: criminal cases and forfeitures · excludes the ~$15bn bitcoin claim on Prince GroupTABLE VIEW
Actions by authority
Count in the datasetAll actions
Players, harm and integrity
Who the customers are, how concentrated the revenue is, what it costs the people who lose control, and the betting scandals that reached the sports themselves.
Harm and concentration
Reported measures · methods differTrends
One measure per chartIntegrity cases
Lawsuits
News feed
Verified items since August 2026, newest first. Items from the last 14 days carry a NEW tag.
Feed
Timeline
The regulatory and industry events that shaped the market since the US Supreme Court's May 2018 ruling, and the dates still ahead.
Events by region
LIST VIEW
Trends
Every time series in the dataset, one measure per chart. Hollow bars are forecasts or partial years.
Series
TABLE VIEW
Method, coverage and glossary
How the data was gathered and checked, what the scores mean, what is missing, and the terms of the trade.