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Online sports betting

The 10 companies in this industry listed on the NYSE and Nasdaq are worth $36 bn combined; the largest are Flutter Entertainment (FLUT), DraftKings (DKNG) and Super Group (SGHC) Ltd (SGHC). For each one: what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

Open contest
10 companies value 36 bn revenue 35 bn margin -5.2% free cash flow 2.5 bn avg. score 3.6
FLUT holds 37.7% of the group's value, 1.4x the runner-up
Rank Ticker Company Share Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 FLUT Flutter Entertainment
Ireland · score 2.8
38% 13 bn 17 bn -5.0% 1.2 bn 9.2% 0.3% Sports betting and casino: FanDuel, Paddy Power and Sky Bet · Owner of FanDuel, the US sports betting leader (~40% share)
2 DKNG DraftKings
United States · score 2.1
28% 9.8 bn 6.2 bn -2.7% 0.7 bn 6.6% — Sports betting and online casino · 2nd largest; fast growth as states legalize one by one
3 SGHC Super Group (SGHC) Ltd
Guernsey · score 6.6
16% 5.5 bn 2.2 bn 9.8% 0.3 bn 5.8% 1.4% Sports betting and online gaming · Guernsey — revenue of $2.2bn
4 RSI Rush Street Interactive, Inc.
United States · score 5.5
12% 4.2 bn 1.4 bn 2.3% 0.2 bn 4.4% — Online casino and sports betting in the Americas · Illinois — revenue of $1.4bn
5 PENN PENN Entertainment
United States · score 2.7
6% 2.0 bn 7.2 bn -12.7% 0.1 bn 4.9% — Regional casinos and ESPN Bet sports betting · Regional casinos + online betting (ESPN Bet)
6 CDRO Codere Online Luxembourg, S.A.
Luxembourg · score 5.5
1% 0.4 bn 0.3 bn 4.4% — — — — Online betting and casino in Spain and Latin America · Luxembourg — revenue of $258m
7 MRDN Meridian Holdings Inc./NV
United States · score 3.9
0% 0.1 bn 0.2 bn -42.5% 0.0 bn 17.3% 0.1% Online casino with its own and third-party games · Nevada — revenue of $197m
8 ROLR High Roller Technologies, Inc.
United States · score 2.1
0% 0.1 bn 0.0 bn 17.2% 0.0 bn -7.8% — Online casino with more than 6,000 games · Nevada — revenue of $16m
9 BRAG Bragg Gaming Group Inc.
Canada · score 5.1
0% 0.0 bn 0.1 bn -7.7% 0.0 bn 54.7% — Software and content for online casinos · Canada — revenue of $119m
10 SEGG Sports Entertainment Gaming Global Corp
United States · score 0.0
0% 0.0 bn 0.0 bn -14x -0.0 bn -236.6% — Gaming and sports betting · Texas — revenue of $2m

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What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

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