Safe Betting Sites gathered data revealed the brand value of the top ten leading online gambling sites at $23.62 billion this year.
The industry saw massive growth as the novel coronavirus threatens public health in more than four months. The growing number of smartphone users around the world contributed mainly to the success of the industry.
During the prolonged lockdowns imposed to prevent the spread of the novel coronavirus, casinos and other gambling facilities halted their operations. The search and subscription to online gambling sites increased during the lockdowns due to the absence of gambling venues.
Gamblers of land-based casinos placed their bets on online casinos and online sportsbooks.
People stayed in their homes for months with their gadgets as their only entertainment and online casinos and sportsbooks were the only sources of revenue for the gambling industry. Online gambling companies saw a massive amount of wagers during the months of shutdown.
Top ten online gambling sites
The data revealed that Wynn Resorts lead in brand value at $3.81 billion. Genting followed at the second place with $3.48 billion and, in third place, Galaxy Macau is valued at $2.89 billion. The fourth spot goes to Venetian Macao with $2.31 billion, followed by Marina Bay Sands with brand value at $2.22 billion.
City of Dreams, a China-based online gambling company, is at the sixth place at $2.04 billion while International Game Technology holds the seventh spot with $1.91 billion. Sands China is the eight spot at $1.78 billion, followed by Scientific Games and bet365, both have a brand value of $1.59 billion.
The growth of the industry is inevitable since the rapid development of technology directly impacts its growth. The accessibility and the wide range of choices offered by online casinos and online betting sites attracted more gamblers.
Gamblers can choose from multiple online gaming platforms that offer various casino products available any time of the day. Players can access and play in the online gambling platforms while they are travelling to their workplace or while they are lying comfortably in the beds.
Growth in smartphone users contribute to the growth of online gambling
The research proved that online gambling is rapidly growing and the younger generation propels the success of the industry due to its fewer payment restrictions. The rise in the number of smartphone users contributed to the growth of the industry.
Companies are racing to launch their mobile apps to reach out to a broader market and collect massive revenue from gamblers.
The research found out that Amazon, US’ online retail giant, leads in brand value at $220.79 billion. Google follows with $159.72 billion, and Apple holds third place with $140.52 billion. Microsoft is at the fourth place with $117.07 billion while the fifth placer, Facebook, has a brand value of $79.80 billion.
Walmart holds the sixth place $77.52 billion while Verizon is valued at $63.39 billion, keeping the seventh place.
AT&T at $59.10 billion holds the eight place followed by Walt Disney, with brand value at $56.12 billion, and The Home Depot, with $50.51.
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