American Gambling Markets Atlas (AGMA)

Operators

Company financials

CompanyTickerRevenue, FY2016–2025Est. U.S. revenueRevenueNet incomeMarket cap
MGM Resorts InternationalMGM$12.2B FY2025$17.5B FY2025$206M$7.5B
Caesars EntertainmentCZR$11.5B FY2025$11.5B FY2025−$502M$6.0B
Flutter EntertainmentFLUT$7.0B FY2025$16.4B FY2025−$310M$13.8B
PENN EntertainmentPENN$7.0B FY2025$7.0B FY2025−$843M$2.1B
CoinbaseCOIN$6.0B FY2025$7.2B FY2025$1.3B$47.3B
DraftKingsDKNG$5.9B FY2025$6.1B FY2025$3.7M$9.7B
Robinhood MarketsHOOD$4.5B FY2025$4.5B FY2025$1.9B$98.0B
CME GroupCME$4.5B FY2025$6.5B FY2025$4.1B$101B
Interactive BrokersIBKR$4.3B FY2025$6.2B FY2025$984M$150B
Boyd GamingBYD$4.1B FY2025$4.1B FY2025$1.8B$5.0B
Wynn ResortsWYNN$3.4B FY2025$7.1B FY2025$327M$7.7B
Churchill Downs IncorporatedCHDN$2.9B FY2025$2.9B FY2025$383M$5.6B
BetMGM$2.8B FY2025$2.8B FY2025$175M
Cboe Global MarketsCBOE$2.1B FY2025$4.7B FY2025$1.1B$31.8B
Red Rock ResortsRRR$2.0B FY2025$2.0B FY2025$188M$5.0B
Bally's CorporationBALY$1.7B FY2025$2.7B FY2025−$701M$704M
Mohegan$1.3B FY2022$1.6B FY2022$74.7M
Brightstar LotteryBRSL$1.2B FY2025$2.5B FY2025$147M$1.8B
Rush Street InteractiveRSI$980M FY2025$1.1B FY2025$33.3M$4.6B
EveriEVRI$758M FY2024$758M FY2024$15.0M
Golden Entertainment$635M FY2025$635M FY2025−$6.0M
Monarch Casino & ResortMCRI$545M FY2025$545M FY2025$101M$2.0B
WebullBULL$516M FY2025$571M FY2025$24.8M$3.4B
Century CasinosCNTY$413M FY2025$573M FY2025−$61.4M$24.1M
SportradarSRAD$363M FY2025€1.3B FY2025€100M$3.7B
Genius SportsGENI$316M FY2025$669M FY2025−$112M$1.8B
Full House ResortsFLL$302M FY2025$302M FY2025−$40.2M$44.3M
Dover Downs Gaming & EntertainmentDDE$180M FY2018$180M FY2018$30.0K
Kambi GroupKAMBI$105M FY2025€162M FY2025€6.8M$428M
Butler NationalBUKS$85.8M FY2026$98.0M FY2026$21.9M$282M
PlaytechPTEC$53.8M FY2025€764M FY2025€1.5B$1.3B
GAN$42.3M FY2024$135M FY2024−$8.0M
Trump Media & Technology GroupDJT$3.7M FY2025$3.7M FY2025−$712M$2.3B
Las Vegas SandsLVS$0 FY2025$13.0B FY2025$1.6B$23.4B
EntainENT$0 FY2025£5.3B FY2025−£667M$3.6B
Genting Group3182.KLRM27.7B FY2025−RM11.6M$2.2B
bet365£4.0B FY2025£250M
Aristocrat LeisureALLA$6.3B FY2025A$1.6B$25.5B
Light & WonderLNW$3.3B FY2025$276M$6.1B
EvolutionEVO€2.1B FY2025€1.1B$14.8B
888 HoldingsEVOK.L£1.8B FY2025−£548M$252M
Kindred Group£1.2B FY2023£47.2M
IntralotBYLOT.AT€518M FY2025−€65.2M$2.2B
Pollard BanknotePBLC$596M FY2025C$34.7M$317M
SharpLink GamingSBET$28.1M FY2025−$735M$1.9B

Revenue and net income are in each company's reporting currency; est. U.S. revenue and market cap are in U.S. dollars. Est. U.S. revenue comes from each company's segment or geographic reporting.

All operators

NameKindParentTickerLicensesStates
Caesars EntertainmentOperatorCZR88AZ CO DC IA IL IN KS KY LA MA MD ME MI MS NC NE NJ NY OH PA TN VA WV WY
PENN EntertainmentOperatorPENN70AZ CO IA IL IN KS KY LA MA MD ME MI MS NC NJ NY OH PA TN VA WV WY
DraftKingsOperatorDKNG62AR AZ CO CT DC IA IL IN KS KY LA MA MD ME MI NC NH NJ NY OH OR PA TN VA VT WV WY
FanDuelOperatorFlutter Entertainment47AR AZ CO CT DC IA IL IN KS KY LA MA MD MI NC NJ NY OH PA TN VA VT WV WY
Bally's CorporationOperatorBALY43AZ CO DE IA IL IN KS LA MA MD MS NJ NY OH PA RI TN VA
BetMGMOperator38AZ CO DC IA IL IN KS KY LA MA MD MI NC NJ NY OH OR PA SD TN VA WV WY
Fanatics Betting and GamingOperatorFanatics29AZ CO CT DC IN KY MA MD MI NC NJ NY OH PA TN VT WV WY
Rush Street InteractiveOperatorRush Street GamingRSI23AZ CO CT DE IA IL IN LA MI NJ NY OH PA
Churchill Downs IncorporatedOperatorCHDN22IA IN KY LA MD ME MI MS NY PA VA
bet365Operator20AZ CO IA IL IN KS KY LA MI NC NJ OH PA TN VA WV
Boyd GamingOperatorBYD16IA IL IN KS LA MS VA
Hard Rock DigitalOperatorHard Rock International14AZ CO IA IL IN MI NJ OH TN
Greenwood Gaming and EntertainmentOperator12MD MI NJ PA
Delaware NorthOperator8AR NJ NY OH WV
Elite Casino ResortsOperator8IA IL NE
Flutter EntertainmentOperatorFLUT8MI NJ PA
Full House ResortsOperatorFLL8CO IL IN MS
Kambi GroupSupplierKAMBI8NE PA
Hard Rock InternationalOperatorSeminole Tribe of Florida7IL IN NY OH VA
MGM Resorts InternationalOperatorMGM7MA MD MI MS NJ NY OH
BetrOperator6AZ IN MA OH TN
Circa SportsOperator5AZ CO IA IL KY
Genting GroupOperator5NJ NY
Golden NuggetOperator5AZ CO IL LA MS
IGTSupplierIGT5NE RI SD
JACK EntertainmentOperator5OH
PrizePicksOperator5AZ IN MA NY TN
Underdog FantasyOperator5AZ IN NY OH TN
Yahoo Fantasy SportsOperator5AZ IN MD NY OH
Century CasinosOperatorCNTY4CO MD WV
Digital Gaming Corporation USAOperator4PA
Eastern Band of Cherokee IndiansTribe4IN NC
EntainOperatorENT4NJ PA
IntralotSupplier4DC MT
MoheganTribe4CT NJ PA
Ocean Casino ResortOperator4NJ
Rush Street GamingOperator4IL NY VA
Splash SportsOperator4AZ IN MD NY
SporttradeExchange4AZ CO IA NJ
Betfred USAOperator3AZ PA
BetlyOperatorDelaware North3AR OH
DataForceOperator3AZ MD NY
FanaticsOperator3IA KS LA
FFPCOperator3AZ IN MD
Monarch Casino & ResortOperatorMCRI3CO
PointsBetOperator3IL KS WY
RealTime Fantasy SportsOperator3AZ MD NY
Saratoga Casino HoldingsOperator3CO MS NY
Seneca Nation of IndiansTribe3NY
SleeperOperator3IN MA TN
SportsHub RegulatoryOperator3AZ IN MD
SuperBook SportsOperator3AZ OH
The Cordish CompaniesOperator3MD VA
Wild Rose EntertainmentOperator3IA
Wynn ResortsOperatorWYNN3AZ MA
888 HoldingsOperator2DE
American Racing and EntertainmentOperator2NY
Blue Sky CasinoOperator2IN
Cherokee NationTribe2AR MS
Dabble FantasyOperator2AZ IN
Dubuque Racing AssociationOther2IA
FastDraftOperator2AZ MD
Foundation Gaming GroupOperator2MS
G.F. Gaming CorporationOperator2CO
GANSupplier2MI
Gully CricketOperator2MD NY
Ho-Chunk, Inc.Tribe2NE
NeoGamesSupplier2MI
ParlayPlayOperator2AZ IN
Poarch Band of Creek IndiansTribe2IL
Quapaw NationTribe2AR
Rocky Mountain GamingOperator2CO
Sisseton Wahpeton OyateTribe2SD
Soft2BetOperator2NJ
Strive GamingSupplier2MI
Affinity GamingOperator1IA
Barstool SportsbookOperatorPENN Entertainment1KS
betcrisOperator1AZ
Boom FantasyOperator1NY
Butler NationalOperatorBUKS1KS
Catawba Indian NationTribe1NC
Crab SportsOperator1MD
Crow Creek Sioux TribeTribe1SD
Delaware Park Casino & RacingRacetrack1DE
DreamDraftOperator1MD
FlexbetsOperator1AZ
FlowPlaySupplier1PA
For Players By PlayersOperator1NY
Granieri familyOther1MS
Harrington Raceway & CasinoRacetrack1DE
Hawthorne Race CourseRacetrack1IL
Internet Sports InternationalSupplier1SD
Island View Casino ResortOperator1MS
JackpocketOperatorDraftKings1NJ
Kansas Crossing CasinoOperator1KS
Kentucky DownsRacetrack1KY
Kindred GroupOperator1AZ
LetsBetMDOperator1MD
Lower Brule Sioux TribeTribe1SD
Mashantucket Pequot Tribal NationTribe1CT
MastersFantasyLeagues.comOperator1NY
MotorCity Casino HotelOperator1MI
Oak Grove Racing, Gaming & HotelRacetrack1KY
Oaklawn Jockey ClubRacetrack1AR
Oneida Indian NationTribe1NY
OwnersBoxOperator1AZ
Pala InteractiveSupplier1PA
Palace Casino ResortOperator1MS
PlayStarOperator1NJ
Prairie Meadows Racetrack and CasinoOther1IA
Premier Gaming GroupOperator1LA
Raynham ParkRacetrack1MA
S&S U StreetOperator1DC
Sandman SportsOperator1MD
SharpLink GamingOperator1NY
SmarketsExchange1IN
Spectacle EntertainmentOperator1IN
St. Regis Mohawk TribeTribe1NY
Standing Rock Sioux TribeTribe1SD
Suffolk Regional Off-Track Betting CorporationOther1NY
Taild SportsOperator1IN
The GreenbrierOperator1WV
The Red MileRacetrack1KY
Tohono O'odham NationTribe1AZ
Treasure Bay Gaming and ResortsOperator1MS
Western Regional Off-Track Betting CorporationOther1NY
Agua Caliente Band of Cahuilla IndiansTribe
Aristocrat LeisureSupplierALL
Bay Mills Indian CommunityTribe
BetwayOperator
BitnomialExchange
BorgataOperatorMGM Resorts International
Brightstar LotterySupplierBRSL
Carousel GroupOperator
Cboe Global MarketsExchangeCBOE
Chickasaw NationTribe
Choctaw Nation of OklahomaTribe
CloakbookOperator
CME GroupExchangeCME
CoinbaseExchangeCOIN
Crypto.comExchange
Darby DevelopmentRacetrack
Dover Downs Gaming & EntertainmentOperatorDDE
ECL EntertainmentOperator
EveriSupplierIGTEVRI
EvolutionSupplierEVO
Fantasy Sports GamesOperator
FantasyDraftOperator
Forest County Potawatomi CommunityTribe
FR Park RacingRacetrack
Fubo GamingOperator
FullTime Fantasy SportsOperator
GeminiExchange
Genius SportsSupplierGENI
GeoComplySupplier
Gila River Indian CommunityTribe
Golden EntertainmentOperator
Grand CentralOperator
Grand Traverse Band of Ottawa and Chippewa IndiansTribe
Great River EntertainmentOperator
Gun Lake TribeTribe
Hannahville Indian CommunityTribe
High 5 GamesOperator
Ho-Chunk NationTribe
Interactive BrokersExchangeIBKR
Jackpot.comOperator
JDADOperator
Jock MKTOperator
KalshiExchange
Keweenaw Bay Indian CommunityTribe
KrakenExchange
Lac Vieux Desert Band of Lake Superior Chippewa IndiansTribe
Las Vegas SandsOperatorLVS
Light & WonderSupplierLNW
Little River Band of Ottawa IndiansTribe
Little Traverse Bay Bands of Odawa IndiansTribe
Lotto.comOperator
McLuckOperator
Meruelo GamingOperator
Mount AiryOperator
Muckleshoot Indian TribeTribe
Navajo NationTribe
New Meadowlands RacetrackRacetrack
No House AdvantageOperator
Nottawaseppi Huron Band of Potawatomi IndiansTribe
NovigExchange
Pace-O-MaticSupplier
Pechanga Band of Luiseño IndiansTribe
PlaytechSupplierPTEC
Pokagon Band of Potawatomi IndiansTribe
Pollard BanknoteSupplierPBL
PolymarketExchange
Pragmatic PlaySupplier
PredictItExchange
ProphetXExchange
PulszOperator
QCEXExchangePolymarket
Red Rock ResortsOperatorRRR
Robinhood MarketsExchangeHOOD
Saginaw Chippewa Indian TribeTribe
San Manuel Band of Mission IndiansTribe
Sandy's Racing and GamingRacetrack
Sault Ste. Marie Tribe of Chippewa IndiansTribe
Seminole Tribe of FloridaTribe
Shakopee Mdewakanton Sioux CommunityTribe
SportradarSupplierSRAD
SportsHub TechnologiesOperator
Stake.usOperator
StatHeroOperator
Station CasinosOperatorRed Rock Resorts
TipicoOperator
Trump Media & Technology GroupOperatorDJT
Tulalip TribesTribe
VGW GroupOperator
WebullOperatorBULL
Woodlands FayetteOperator