The global casino gaming market is estimated to reach US$138.10 billion by 2028, driven by a 7.76% CAGR and the rapid growth of leading online casino software providers like Aristocrat, NetEnt, Bally, Pragmatic Play, and Novomatic. It is fueled by a rapidly expanding user base expected to reach US$243.2 million by 2028, with a 3.0% user penetration rate. In 2023, the global market will reach US$95,5 billion. The average revenue generated per player is anticipated to be US$0.54k. Online gambling penetration is increasing, from 2.3% in 2023 to 3.0% by 2028. Wider adoption by giant casino platform providers makes the gambling industry more competitive by offering high-quality graphics with a vast library of pokies.
Top 10 Online Casino Software Providers in the World
Established brands face competition from new players who understand the importance of brand reputation and acknowledge challenges from start-ups in this competitive market. Let’s review next from the online casino software providers focusing on slots and live games with mobile-friendly modes. Find out a more detailed list of the leading casino software developers, such as Aristocrat, Bally, NetEnt, IGT on this page with the best slot providers.
№1. Aristocrat Leisure Limited
| License: | UKGC and MGA license Aristocrat in 300+ jurisdictions |
| Top Aristocrat slots: | 50 Dragons, Big Red, Queen of the Nile II |
| The employees: | 6400+ |
Aristocrat Leisure Limited was founded in 1953 in Australia. The headquarters is in Sydney. Aristocrat showed consistent growth in the last ten years, with a significant jump in FY23 because of solid performance in the North American market.
Earnings and Revenue:
Aristocrat has a 21% year-on-year boost in net profit to US$846 million in FY23. It launched a new product and expanded into online RMG. Net profit after tax reached US $846 million. The majority of earnings came from gaming operations (29%) & Class III outright sales & others (24.5%).
№2. IGT (International Game Technology)
| License: | The Gambling Commission license |
| Top IGT slots: | Wolf Run, Cleopatra, Wheel of Fortune |
| The employees: | 10,500+ |
International Game Technology was founded in 1975 in the United Kingdom. The headquarters is in London. Today, IGT is a leader in online casino software solutions with a wide collection of pokies. IGT holds the Guinness World Record for the most prominent slot payout ever at $39.7 million on its Mega Moolah slot machine in 2018.
Earnings and Revenue:
It earned $697 million for FY23. The highest income was in FY21. Net income is $519 million. Profitability is affected by market fluctuations & competitive landscape. IGT’s fund grew 2.2% to $4.27 billion for the year ending September 30, 2023. This income fluctuated among all online casino software providers due to seasonality & player preferences. The overall trend remains positive, indicating financial stability.
№3. Playtech
| License: | UK Gambling Commission (UKGC) |
| Top Playtech slots | Age of the Gods, Buffalo Blitz, Epic Ape |
| The employees: | 7,300+ |
Playtech, an online casino provider was founded in 1999 in Isles of Man. It offers advanced solutions to top operators, including live slots, sports betting, titles & poker. In the context of income growth among casino platform providers, Playtech’s software-adjusted EBITDA increased by 10%, showing strong financial growth.
Earnings and Revenue:
8% increased income to €859.6 Million in H1 2023 from €792.3 in H1 2022. $1.64 Billion as of December 2023, ranking 4229th globally. It takes ~2% of the global online gambling market.
№4. Pragmatic Play
| License: | UKGC & MGA |
| Top Pragmatic Play slots: | Panther Queen, Wolf Gold, and Hot Safari |
| The employees: | 1,100+ |
Pragmatic Play online casino provider was founded in 2015 in Malta. It offers mobile-friendly games, including live, video slots, & scratch cards. Pragmatic Play’s 50%+ revenue jump in 2023 shows potential for major stock price appreciation.
Earnings and Revenue:
Pragmatic Play generated $64 million in FA23. Online machines account for most of Pragmatic Play’s earnings and have a market share of over 70%.
№5. NetEnt
| License: | UKGC & MGA |
| Top NetEnt slots: | Aloha, Dead or Alive, Gonzo’s Quest |
| The employees: | 1,100+ |
NetEnt was founded in 1996 in Sweden. NetEnt is a leader in casino software provider suppliers with mobile-friendly technologies. This provider has won Mobile Supplier of the Year at the EGR Italy 2020 Awards, boasting a string of licenses from esteemed regulatory bodies like the Malta Gaming Authority, Gibraltar Gambling Commission, UK Gambling Commission, and the Pennsylvania Gambling Commission Board.
Earnings and Revenue:
In 2017, NetEnt processed a staggering 41,200 million transactions in online gambling. In 2019, it achieved $186.1M in funding with a team of 661 people. A Finnish player won $21M on NetEnt’s Mega Fortune. Another Cheshire, UK player won $19.9M on Mega Moolah.
№6. Play’n GO
| License: | B2B Approved Vertical: Type 1 |
| Top Play’n GO slots: | Mega Don Feeding Frenzy, Sherwood Gold, Return of the Green Knight, Boat Bonanza Colossal Catch, Scroll of Seth |
| The employees: | 1,000+ |
Play’n GO was founded in 2005 and now is one of the largest online casino providers of online titles with modern software and features. It has a great portfolio of 300+ premium titles and video slots, exceeding expectations of 25+ regulated jurisdictions with innovative features. Its games are known for their rewarding payouts and engaging gameplay.
Earnings and Revenue:
Play’n GO with 628 employees & headquarters in Tigne Point, generated $63.2M in revenue.
№7. Evolution Gaming
| License: | Remote Gambling License B2B Gaming Operator’s License – RNG / Live |
| Top Evolution slots: | Infinite Blackjack, Mr. Green Live Roulette, Live Dream Catcher Review |
| The employees: | 16,000+ |
Evolution, one of the leading online casino software providers, delivers top-notch live slots with blackjack, baccarat, and roulette. As a leading B2B solution company, Evolution set new earning records in Q3 2023.
Earnings and Revenue:
Evolution set new heights in Q3 2023, with a record-breaking $477M in revenue. It translates to a 19.6% increase in operating funds from last year. Like all competitive casino game providers (including BetSoft, Novomatic, BluePrint, etc) Evolution has integrated by API. And HTML5 games offer smooth streaming and gameplay across all devices.
№8. Softswiss
| License: | B2B and B2C Sports Betting License, Lotteries and Gambling Supervisory Inspection |
| Top Softswiss slots: | Crash, Live Dealer, Fishing Lottery. |
| The employees: | 1,000+ |
Softswiss is one of the leading white-label casino providers with betting solutions, affiliate marketing tools, and game aggregators with both PC and mobile-friendly technologies.
Earnings and Revenue:
Softswiss’ Game Aggregator doubles down in FA21. Financial results increased with average monthly GGR leaping to €200M. It was larger than €88M in 2020.
№9. Microgaming
| License: | Malta Gaming Authority for Type 3 Gaming Services, B2B Critical Supply Licence |
| Top Microgaming slots: | Major Millions, Lotsaloot, & Mega Moolah |
| The employees: | 200+ |
Microgaming Europe Limited was founded in 1994 and still offers the most successful solutions among casino software providers with a vast portfolio of titles.
Earnings and Revenue:
Microgaming earned $600M in annual earnings in 2023. Their net worth is estimated at $741 million, and this is one of the top results among the best online casino providers with a compelling worldwide market share.
№10. Novomatic
| License: | Gambling Commission |
| Top Novomatic slots: | Sizzling Hot Deluxe, Sizzling Gems, Plenty on Twenty, Power Stars |
| The employees: | 23,900+ |
Novomatic, among the best casino gaming software providers, has an industry-leading selection of time-tested video slot classics with 2,000+ facilities. It offers video poker, table games, titles, and sports betting for international players.
Earnings and Revenue:
Novomatic’s gross earnings for 2022 was €2.86 Billion, a 55.2% increase from the previous year. This highlights the company’s ongoing innovation.
№11. BetSoft
| License: | Malta Gaming Authority, Romania, Italy, Spain, and the Danish Gambling Authority. It is secured by an Alderney license |
| Top BetSoft slots: | Dragon Kings, Safari Sam, At the Copa |
| The employees: | 50+ |
BetSoft Gaming is among the leading online gambling software providers with innovative 3D slots with a progressive jackpot, wild bonuses, and instant play feature. It partnered with NYX & Bet365 in 2010. By serving 150+ pokies, BetSoft attracts players with engaging bonus rounds, high RTPs, and frequent wins. Its mobile-optimized gameplay secures its position as a leader.
Earnings and Revenue:
BetSoft’s annual revenue increased by 20% in 2023 compared to 2022, with an average annual fund increase of 15% in the last five years. The company has a global user base of 25-45-year-old professionals, with 60% male and 40% female users, earning $50,000-$100,000. Games are top-rated in the following regions:
Leading Gambling Software Companies with Billions of Revenue
Here is a list of top online casino software companies around the globe by revenue according to 2023 statistics.
- MGM Resorts International – $15,380,000,000: MGM Resorts runs 31 hotels & casinos and offers deals and rewards through the MGM Rewards™ program. In the 12 months ending September 30, FA23, MGM made $15.38 billion, up 22.15% from 2022. This increased growth by 35.61% from 2021 to 2022. MGM managed costs well by reducing operating expenses by 19.25% on September 30, 2023.
- Caesars Entertainment – $11,524,000,000: Caesars owns the biggest casinos in the US. Built on a legacy of gaming legends, Caesars offers top resorts and famous hotels. It makes Caesars a leader in its industry. In the last 12 months ending September 30, FA23, Caesars earned $11,524 Million. It was more significant from 2022 by 8.81%. It lowered operating expenses by 1.28% compared to FA21.
- Penn National Gaming – $6,550,000,000: Penn National Gaming is North America’s prominent player in best online casino software providers with $6,550 Million in TTM, based on the latest financial reports. This signifies growth from $6,40 in 2022 & $5,90 in 2021. Penn National has room for further improvement as it ranked in the bottom 10% of companies.
- Flutter Entertainment PLC – $4,200,000,000: Flutter Entertainment is a leading online sports betting and gaming operator. It grows with a diverse portfolio of premium brands, reaching many players. Flutter reported GBP 4,808.6M in sales for the first half of 2023. It shows a 41.92% increase from GBP 3,388.2M in the same period of the previous year.
- Entain Plc. – $4,297,000,000: Entain is a leading global gaming, sports betting, and interactive entertainment group. It delivers exciting experiences to its players through iconic brands. Entain is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. In 2022, the company generated GBP 4,297 million.
- SJM Holdings – $4,680,000,000: SJM is a Macau-based investment holding company. It operates mass-market VIP gaming, table games, and slot machines in cooperation with top-tier online casino and gambling software providers (like Flutter Entertainment, Caesars, and BetSoft). SJM ventures into catering, hotel, and retail, diversifying its fund streams. In Q3 2023, SJM generated 4.68 billion HKD in revenue & invested HK$65 million in growth & development.
- Galaxy Macau – $7,600,000,000: Galaxy Macau is a flagship property of Galaxy Entertainment. In May 2011, it was opened with two hotel towers, three hotels, 50+ restaurants, & iconic Grand Resort Deck. Asian resort destination has 2,200+ rooms across three renowned hotels: Okura, five-star Galaxy Hotel, and Banyan Tree. Galaxy Macau generated net revenue of $7,600M in Q3 2023, marking a 612% year-over-year increase and a 16% rise compared to the previous quarter.
- Melco Resorts & Entertainment Quarter – $3,010,000,000: Melco Resort is a developer & operator of integrated resorts with gaming facilities and entertainment for Europe & Asia. It reported a current TTM of $3,010M per the latest financial reports.
- Boyd Gaming – $3,707,000,000: Boyd Gaming is a leading American hospitality & gaming company. It offers best-in restaurants, slots, shows, and hotels in nationwide locations. They reported a 5.54% year-over-year fund increase in the 12 months ending September 30, 2023. This generated $3,707 million.
- Las Vegas Sands – $8,574,000,000: It is a global leader in operating & developing world-class integrated resorts. Las Vegas Sands feature transformed regions into major tourism & meeting hubs. Also, it is an experienced player among the best online casino game providers with revenue for 12 months soaring 114.3% YoY to $8.574bn while operating expenses increased 49.78% YoY to $7.137bn.
Strategic Forecast (2024-2030) by the Best Casino Software Providers
The online gambling market is set to explode, reaching $116 billion by 2028. Mobile gaming will dominate, representing 70% of the market. New casino software suppliers focus on online slots, esports betting, blackjack, and roulette, providing a diversity of bonus features. By 2023, global gambling may decline by 5-10%, with land-based and physical betting shops facing up to a 20% loss. Online gambling may decline 3-5%.
| Online Casino Game Providers | Share of Total (in %) | Today’s revenue (in $$) | Expected revenue (in $$) |
| Smart Soft | 15% | 500 | 1200 |
| EvoPlay | 10% | 350 | 850 |
| Blue Print | 8% | 280 | 650 |
| BetGames | 7% | 245 | 580 |
| Quick Spin | 5% | 175 | 400 |
The 2023 financial crisis is causing users to cut back on discretionary spending, including gambling. Lower-income households will be hit hardest. Online casino platform providers must cut costs and shift the focus to online & mobile platforms, which are cheaper to operate as MGM Resorts or Caesars have done.
The Biggest Geo Centers of Online Casino Software Developers with Revenue Data
| Rank | Country | Revenue (in Billion USD) |
| 1 | USA | $19.14 |
| 2 | Canada | $16.60 |
| 3 | Australia | $10.30 |
| 4 | Germany | $05.11 |
| 5 | UK | $04.21 |
| 6 | China | $04.09 |
| 7 | Italy | $02.91 |
| 8 | Singapur | $01.28 |
| 9 | Hongkong | $0.58 |
| 10 | Spain | $0.33 |
The global gambling market grew from $449.04 billion in 2022 to $702.45 billion in 2023, a 56.4% increase due to new online casino providers (like BetSoft, Novomatic, and Playtech), legal market expansion, and increased smartphone and online payment use. From US hotels to Canadian lotteries, gaming caters to many users. Australia’s long history of legalized gaming leads to high engagement. Germany & UK offer diverse regulated activities. This global market attracts interest & generates significant funds worldwide.
Top 5 Countries by Amounts of Players: Forecast for 2030 with Casino Platform Providers
| Criteria/ Country | Players | Leading Region | 5-Year Revenue Growth | Leading Providers with the Best Casino Software Solutions |
| United States | ≈ 60,000,000 | Nevada | 11.61% | Evolution Gaming |
| Canada | ≈ 25,000,000 | Ontario | 8.80% | Playtech |
| Australia | ≈ 15,000,000 | New South Wales | 7.09% | Aristocrat |
| Germany | ≈ 2,000,000 | North Rhine-Westphalia | 8% | Play’n GO |
| United Kingdom | ≈ 10,000,000 | London | 5.45% | IGT |
#1. United States
The US gambling industry is vast, with 57 million active gamblers. It shows big money for casino software developers & states via taxes. New Jersey is the top state for betting, followed by Nevada & New York. Almost 85% of adults have gambled at least once, 60% in the past year. 70% of sports bettors gamble weekly, with 25% betting daily. The 35-44 age group is the most active, with 15% betting weekly. Bettors like to compare odds & deals. 74% have several mobile betting accounts. It is expected to have 60+ million gamblers with an 80% revenue boost by 2030. Blackjack, slots, and roulette are popular. The famous online casino platform provider is Evolution Gaming which offers software for online slots with progressive jackpots and bonus features.
#2. Canada
19 million Canadians gamble online, with Ontario at 79%. Because of the best casino gaming software providers with a wide collection of slots and bonus features, the market will reach $3.69 billion by 2023, growing 8.15% yearly and expected to hit $5.46 billion by 2028. 60%+ Canadians join for fun, spending an average of $6.75 monthly. Ontario alone generated $1.4 billion in funds between April 2022 & March 2023. 45% of Canadians aged 18-34 reported no gambling expenditure, while only 36% of those aged 35-54 reported the same.
#3. Australia
60% of Australians regularly gamble on machines in Victoria, Queensland, and New South Wales. In 2020, gambling generated $5.8 billion in government funds, down from the 2019 high of $6.6 billion. Australians rely on only experienced and good reputations of the best online casino software providers like Aristocrat, IGT, WMS, Playtech, and Novomatic. Australians aged 54-64 are top lottery ticket buyers, representing 55% of age group. 64.9% of problem gamblers are male. Online gambling is popular, with 15% betting weekly & 2% daily. In 2015, 8% of regular gamblers participated in sports betting. It is expected to have 15+ million players with a 50% revenue boost by 2030. Sports betting and roulette are popular. Aristocrat Leisure is on the list of top online casino software providers and offers a collection of slots to play for free or real money which are available on PC, iOS, and Android without registering.
#4. Germany
75% of Germans gamble, with 12 million gambling online. Gaming accounts for 19% of losses, and 37.76% bet on sports to win money. The market is expected to grow 10% annually, reaching €3.3 billion by 2024. The best casino software providers with online casinos & sports betting saw double-digit growth in 2019. In 2022, German states collected €2.57 billion in gaming taxes, up 10%, with lotteries contributing the most (€1.67 billion).
#5. United Kingdom
The UK has 32 million online gaming accounts, with 17.5 million people gambling online. The gambling industry is deeply ingrained, with over 10,000 venues. The British rely on verified software by online casino game providers that offer no-download and no-registration modes, along with mobile-friendly technologies from companies such as Evolution, Amatic, MrSlotty, and Wazdan. In 2023, the industry generated £15.1 billion in revenue, £10.95 billion excluding the National Lottery. 14% play the National Lottery, and 4.9% bet on sports online. More 45-54 year olds are playing online, while fewer 16-24 year olds are. The UK has 10+ million players and is expected to have 40% market growth in 5 years. Football betting, slots, and poker are famous. Playtech is its top provider.
The global online casino market is expected to grow 11.61% by 2023-2028, reaching a market volume of US$33.15 billion in 2028. The steady growth of 4.5% annually is driven by the best online casino software developers from Asia & Latin America which provide innovative solutions for online slots with progressive jackpot and bonus features. The US market alone sits at $72 billion, while the Asia-Pacific region is poised to reach $84.8 billion by 2030, growing at a rate of 5.2%.