Several notable iGaming brands rank among Forbes' Global 2000

Forbes has released its 24th annual edition of The Global 2000, a list of the top 2,000 public companies based on its criteria. Multiple iGaming companies made the list, including Flutter Entertainment, MGM Resorts, Caesars Entertainment, and Aristocrat Leisure. 

MGM, Caesars, and Aristocrat also have land-based operations that helped them land among Forbes' picks. 

Forbes put iGaming brands under the Hotels, Restaurants & Leisure category for this year's Global 2000. It ranked these and other types of companies based on their sales, profits, market value, and assets.

Flutter Entertainment, which operates FanDuel Casino, carried the banner for online gaming by ranking No. 1,191. Currently the largest company offering casino games online, Flutter had a market value of $16.07 billion and $17.02 billion in annual sales at the time of Forbes' list.

It might have ranked even higher had it not been for a terrible first quarter, in which Flutter's profits fell by almost 40% to $209 million. It has also experienced major changes in 2026, including CEO Amy Howe being fired.

MGM Resorts, which runs the BetMGM Casino app, ranked No. 1,310 on The Global 2000. Its market value was $9.46 billion, while its annual sales were actually stronger than Flutter at $17.71 billion annually. MGM is on an upswing after its iGaming increased 9% to $481 million in Q1.

Aristocrat Leisure was the highest-ranked software developer, coming in at No. 1,490. A popular provider of real money online slots and other games, Aristocrat had a $22.23 billion market value and $4.16 billion in annual sales, according to Forbes.

Caesars Entertainment was another online and land-based casino operator to make the list. Running the Caesars Palace Online Casino, this company ranked No. 1,602 with a $5.66 billion market value and $11.56 billion in sales. 

Like MGM, Caesars benefited from a strong iGaming Q1 that included an 18% increase to $374 million in online revenue.

Many companies with a stake in US iGaming have seen revenue from casino games like online baccarat, blackjack, and slots increasing quickly. This is especially true of brands that operate in the four main regulated states, including Michigan, New Jersey, Pennsylvania, and West Virginia.

As long as Caesars Entertainment, MGM, and Aristocrat at least keep their other gambling verticals level, they should move higher on the next Forbes 2000 list on account of iGaming growth. 

Regarding Flutter, their performance depends entirely on online gambling since they don't have land-based operations. But it too could see a better ranking by building on its online casino offerings while keeping sports gambling and online poker going strong.

Bettors must be 21 years or older and otherwise eligible to register and place wagers at online casinos. If you or someone you know has a gambling problem, please seek assistance from trained professionals such as the Problem Gambling Help Network at 1-800-MY-RESET. 

Jeremy Olson