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Sports Real-Money Gaming Platforms sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Sports Real-Money Gaming Platforms

1.1 - About Sports Real-Money Gaming Platforms sector

Companies in the Sports Real-Money Gaming Platforms category build and operate software that powers regulated sports wagering, cash fantasy contests, and peer-to-peer pools. Their value proposition is enabling operators to launch compliant, engaging betting experiences, monetize fan engagement, and scale handle reliably across mobile and web. Analysts seeking strategic buyers in Sports Real-Money Gaming should expect deep regulatory tooling, robust risk controls, and real-time data integrations.

Typical offerings span full-stack sportsbook platforms with odds compilation and trading desks, player account management systems with wallets and bonus engines, and real-time in‑play micro‑betting modules. Vendors also deliver KYC/AML compliance workflows, geolocation enforcement, and fraud detection linked to data feeds from leagues. Many provide payment orchestration for deposits and payouts, configurable parlay builders and bet builders, fantasy contest management tools, and responsible gaming controls with limit setting and self‑exclusion.

Primary customers include online sportsbooks and regional betting operators, daily fantasy sports platforms, and sports media groups integrating wagering. Outcomes typically include faster time‑to‑market for new markets and bet types, higher user acquisition and retention through personalized promotions, improved handle and margin via risk management, and reduced compliance exposure with robust KYC, geolocation, and responsible gaming frameworks.

2. Buyers in the Sports Real-Money Gaming Platforms sector

2.1 Top strategic acquirers of Sports Real-Money Gaming Platforms companies

DraftKings Logo

DraftKings

HQ: United States Website
  • Description: Provider of digital sports entertainment and gaming solutions offering online sports betting, online casino gaming and daily fantasy sports; designs and develops sports betting and casino gaming software for online and retail sportsbooks and iGaming operators, and distributes its DraftKings Sportsbook and DraftKings Marketplace products via Apple App Store, Google Play Store and other channels.
  • Key Products:
  • Sports Betting and Casino Gaming Software: Software designed and developed for online and retail sportsbooks and iGaming operators, enabling end-to-end sports wagering and casino gaming functionality and operations management
  • Online Sports Betting Product: Digital wagering offering marketed under DraftKings Sportsbook and distributed via Apple App Store and Google Play, allowing customers to place bets on sporting events through mobile and web platforms
  • Online Casino Gaming Service: Internet-based casino gaming experience that delivers a portfolio of iGaming content to users through the company’s multi-platform distribution channels
  • Daily Fantasy Sports Platform: Daily fantasy sports contests enabling users to participate in fantasy competitions across multiple sports for prizes and engagement.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
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2.2 - Strategic buyer groups for Sports Real-Money Gaming Platforms sector

M&A buyer group 1: Gambling Tech

20 companies View group →
Description: Companies in the Enterprise Gambling Technology Platforms category build the core software powering regulated wagering across online and retail channels. They deliver sportsbook engines, casino content, player account management, payments, compliance, and analytics so operators can launch, scale, and optimize iGaming and sports betting businesses. Strategic buyers in gambling tech seek modular systems that accelerate market entry while meeting complex regulatory requirements across multiple jurisdictions.
Gambling.com

Gambling.com

Website HQ: Ireland
  • Type: N/A
  • Employees: ●●●●●
  • Description: Provider of online gambling affiliate marketing and sports data services, operating a global portfolio of comparison websites, guides and review platforms that connect gamblers to regulated casinos and sportsbooks, while supplying sports betting and fantasy sports data through websites, mobile apps and APIs.
  • Key Products:
  • Comparison & Review Websites: Free-to-use sites deliver trusted comparisons, guides, bonus reviews and safety checks, helping gamblers choose regulated casinos and sportsbooks confidently
  • Sports Data Services: Provides comprehensive sports betting and fantasy sports data via websites, mobile apps and APIs, equipping consumers and powering enterprise partners
  • Affiliate Acquisition Service: Generates new depositing customers for regulated online casinos and sportsbooks, monetising traffic through performance-based partnerships
  • Proprietary Content & Technology Platform: Utilises proprietary tech to deliver expert analysis, data comparisons and best-in-class content that secures market-leading positions for operator partners.
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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in Sports Real-Money Gaming Platforms sector

3.1 - Buyout funds in the Sports Real-Money Gaming Platforms sector

Buyout Funds investing in Sports Real-Money Gaming Platforms companies

51+ funds
Description: Buyout funds focused on Sports Real-Money Gaming Platforms companies globally.

CVC Capital Partners

Website HQ: Luxembourg
  • Type: Buyout
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: Technology companies in Sports Real-Money Gaming Platforms
  • Relevant M&A transactions / similar portfolio companies:
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2.2 - Strategic buyer groups for Sports Real-Money Gaming Platforms sector

Growth Equity Funds in Sports Real-Money Gaming Platforms companies

41+ funds
Description: Growth equity funds focused on Sports Real-Money Gaming Platforms companies globally.

Summit Partners

Website HQ: United States
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in Sports Real-Money Gaming Platforms
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for Sports Real-Money Gaming Platforms companies

4.2 - Public trading comparable groups for Sports Real-Money Gaming Platforms sector

Valuation benchmark group 1: Online Sportsbooks and iGaming Operators

4 companies View group →
Description: Companies in this trading comparable group are public, consumer-facing online sportsbooks and iGaming operators offering sports wagering, casino, poker, bingo, and fantasy sports across regulated markets. They monetize primarily through net gaming revenue derived from wagering handle and casino gameplay, supported by proprietary platforms and digital marketing. They are grouped together as comparables given similar product mixes, regulatory exposure, revenue models, and scale-driven unit economics used as valuation benchmarks.
Flutter Entertainment logo

Flutter Entertainment

  • Enterprise value: $●●●m
  • Market Cap: $●●●m
  • EV/Revenue: ●.●x
  • EV/EBITDA: ●●.●x
  • Description: Provider of online sports betting and iGaming services, offering a diverse portfolio of products including sports betting, casino games, poker, and daily fantasy sports through multiple brands across various markets.
  • Key Products:
  • FanDuel: Leading brand in sports betting and daily fantasy sports for US users
  • PokerStars: Popular online poker platform offering a variety of poker games and tournaments
  • Paddy Power: Comprehensive betting services including sports betting, casino games, and bingo
  • Sky Betting & Gaming: Provides sports betting, casino games, and online bingo with a strong UK presence
  • Betfair: Exchange betting platform allowing users to place bets against each other on various sports and events.
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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4.3 - M&A Transactions in the Sports Real-Money Gaming Platforms sector

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

Buyers & Acquirers in Sports Real-Money Gaming Platforms sector

Who are the top strategic acquirers of Sports Real-Money Gaming Platforms companies?

Top strategic buyers in this sector include DraftKings, a provider of digital sports entertainment and gaming solutions offering online sports betting, online casino gaming and daily fantasy sports; designs and develops sports betting and casino gaming software for online and retail sportsbooks and igaming operators, and distributes its draftkings sportsbook and draftkings marketplace products via apple app store, google play store and other channels. .

Which buyer groups are most relevant for Sports Real-Money Gaming Platforms companies?

Relevant strategic buyer groups similar to the Sports Real-Money Gaming Platforms sector include Gambling Tech because they share similar customer segments and product capabilities.

Financial Investors in Sports Real-Money Gaming Platforms sector

Which are the top PE firms investing in Sports Real-Money Gaming Platforms companies?

Potential investors in the broader Sports Real-Money Gaming Platforms space include Summit Partners and CVC Capital Partners.

Who are the top buyout funds acquiring Sports Real-Money Gaming Platforms companies?

Active PE funds and buyout funds acquiring companies in the Sports Real-Money Gaming Platforms space include CVC Capital Partners.

Who are the top growth equity funds investing in Sports Real-Money Gaming Platforms companies?

Growth funds investing in the broader Sports Real-Money Gaming Platforms sector include Summit Partners.

Valuation of Companies in Sports Real-Money Gaming Platforms sector

Which are the key public companies that are relevant trading comps for Sports Real-Money Gaming Platforms companies?

Key trading comparable groups include Flutter Entertainment, a provider of online sports betting and igaming services, offering a diverse portfolio of products including sports betting, casino games, poker, and daily fantasy sports through multiple brands across various markets..

Which are the key trading comparable groups for Sports Real-Money Gaming Platforms companies?

Similar trading comparable companies include Online Sportsbooks and iGaming Operators. Our platform tracks detailed trading comparable groups in the Sports Real-Money Gaming Platforms sector with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in the Sports Real-Money Gaming Platforms sector?

Our platform tracks M&A transactions in the Sports Real-Money Gaming Platforms sector with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in Sports Real-Money Gaming Platforms?

Access recent funding rounds in the Sports Real-Money Gaming Platforms sector including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors, valuations, and use of proceeds.

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