Twenty-five listed gambling companies in one market-cap-weighted index, priced every trading day. Share prices, market caps, weights, movers and a page for each constituent, from Flutter and DraftKings to Evolution, Entain and Aristocrat.
The iGT 25 is iGaming Times' benchmark for how the listed gambling sector is trading. It covers operators, suppliers, lotteries, platform and data companies and affiliates listed in New York, London, Stockholm, Paris, Milan, Athens and Sydney, weights them by market capitalisation with a 15% cap, and is priced from the previous session's close each trading morning. Every constituent has its own page with price history, key figures and the newsroom's coverage; the company directory profiles the businesses behind the tickers, the corporate and M&A desks report what moves them, and the iGT Oracle asks readers to call where the index and its biggest names finish the year.
Index level
665.20
-0.36%on the day
Since base
-33.48%
Base 1,000 on 19 Sept 2025
Combined market cap
$137.4bn
25 companies, 14 up and 11 down today
Priced at
9 November 2026
Official closes of the last session
iGT 25 performance
-21.89%over 1Y
873.79630.11
10 Nov 20259 Nov 2026
Movers
The biggest moves among iGaming stocks, on the day and so far this year.
The iGT 25 is iGaming Times’ index of listed gambling and iGaming stocks: the 25 largest eligible companies by market capitalisation, operators, suppliers, lottery groups, sports data companies, platform providers and affiliates, priced from official closes every trading day on ASX, Nasdaq Stockholm, NYSE, Nasdaq, Athens Exchange, Euronext Milan, Euronext Paris, London Stock Exchange and Nasdaq First North Stockholm. Together they are worth $137.4bn. It gives investors, analysts and operators one comparable read on how the sector is trading, with a page for each company.
How constituents are chosen. A company qualifies with a primary listing on a recognised exchange, more than half of its revenue from gambling, at least 15% of revenue from online channels (or products used online), a market cap of US$100m or more and regular trading. At each quarterly review, in March, June, September and December, the 25 largest eligible companies by market cap make the index, and no single weight may exceed 15%. Read the full iGT 25 index rules.
The largest listed gambling companies by market cap
All 25iGT 25 constituents, largest first. Prices are the last close on the home exchange in its listing currency; market cap is in US dollars at that day’s exchange rate, as of 9 November 2026. Click a company for its price history, news and profile.
iGT 25 constituents: company, ticker, exchange, sector, last close, change on the day and year to date, market cap in US dollars and index weight
A market-capitalisation-weighted index of 25 publicly traded gambling companies: operators, suppliers, platform and data providers, lotteries and affiliates, listed on ASX, Nasdaq Stockholm, NYSE, Nasdaq, Athens Exchange, Euronext Milan, Euronext Paris, London Stock Exchange, Nasdaq First North Stockholm. It gives one comparable read on how the sector is trading. Base value 1,000 on 19 September 2025; the level is chain-linked from daily closes since then.
It is the reference the newsroom uses when it reports results, deals and regulatory shocks, and it is free to cite with a link.
Methodology
Eligibility: a primary listing on a recognised exchange; more than half of revenue from gambling, as an operator or a supplier to operators; at least 15% of revenue from online channels, or a supplier whose products are used online; market cap of US$100m or more; regular trading. The online test is what keeps land-based casino groups out.
Selection: the 25 largest eligible companies by market cap at each quarterly review, with a buffer: a constituent stays while it ranks 35th or higher and a newcomer enters only from 20th or higher, so the list does not churn on small moves.
Weighting:full market capitalisation in US dollars (close times all economic shares at the day’s exchange rate), capped at 15% per constituent, recomputed daily. Shares outstanding are refreshed at each review from the public data source.
Calculation:chain-linked daily price return from 1,000 on 19 September 2025, using the previous close’s weights. A weekday is an index day when any constituent has a close; a name whose own exchange was shut carries forward at a zero return and its move lands on the next day it trades. A day with thin coverage is marked provisional or holiday-affected rather than dropped. The history keeps the composition in force on each day and is not restated when membership changes or when a rule does.
Reviews: the third Friday of March, June, September and December, effective the following Monday; delistings and acquisitions are handled on the last trading day. Every change is logged below.
OperatorConsumer-facing sportsbooks, online casinos and land-based venues.44.0%
SupplierGame studios, live casino and slot machine manufacturers.31.8%
LotteryLottery operators and their digital businesses.18.2%
DataOfficial sports data, odds feeds and integrity services.4.4%
PlatformSportsbook and casino platform technology licensed to operators.1.4%
AffiliatePerformance marketing and comparison media for gambling brands.0.3%
Geographic exposure
By listing venue (currency).
United States38.2%
Australia27.2%
Continental Europe15.9%
Nordics13.8%
United Kingdom4.9%
Index changes
Additions, removals and input corrections, newest first, with the rule each was made under. Full log
16 October 2026Correctioncorrection review 2026-10-16: Closes were dated by UTC rather than by each exchange's own calendar, so during Australian daylight saving every ASX close (Aristocrat, Light & Wonder, Tabcorp, The Lottery Corporation) and the FX rates in British Summer Time were filed a day early, and runs during trading hours used part-session prices as closes. Closes are now dated in the exchange's time zone and taken only after the session ends (rule 5.4); the series is restated as an input correction (rules 5.6 and 6.4)
21 September 2026Shares refreshedquarterly review 2026-09-18: Shares outstanding refreshed for every constituent from market cap divided by price (rule 4.3); series restated as an input correction (rule 6.4)
21 September 2026Removed INSEquarterly review 2026-09-18: With The Lottery Corporation added the index had 26 names; Inspired Entertainment, ranked 28th, was the lowest-ranked retained constituent (rule 3.3)
21 September 2026Added TLCquarterly review 2026-09-18: The Lottery Corporation ranked 6th by market cap among eligible companies, above the 20th-rank entry threshold (rule 3.3)
1 July 2026Added ALWNextraordinary review 2026-07-01: Replacement for Gambling.com Group under rule 6.2
1 July 2026Removed GAMBextraordinary review 2026-07-01: Gambling.com Group stopped trading; replaced by Allwyn (ALWN) as the highest-ranked eligible non-constituent
iGaming market intelligence
The index is one layer. The newsroom covers every constituent’s results, deals and regulatory exposure; the directory profiles the companies behind the tickers; the Oracle asks readers to call where the sector goes next.
MGM Resorts has handed Maryland's highest-grossing casino to the executive who has run its work tying BetMGM to the land-based resorts since 2021. He takes over a property whose revenue fell in two of the last three months, with a Sphere venue planned next door.
Hard Rock's hotels will be able to plug into Accor's 125 million member loyalty platform, and Accor's Ennismore will lead the brand's expansion in Europe, the Middle East, Asia and the Pacific. The casinos, which make Hard Rock a gaming company, sit mostly outside the deal.
Mr Justice Tappin has pulled the London trial between Spribe and Aviator LLC forward from early 2028 and frozen the rival game's reach in Colombia, Romania and Serbia. Spribe got the timetable it asked for, but only part of the injunction it sought.
The Autorité de la concurrence has let Betclic's owner buy France's second-largest casino operator, finding no overlap and no bundling risk. Its first look at an online and land-based combination turned on poker, and set aside online casino legalisation as too hypothetical to weigh.
The Chickasaw Nation's commercial arm now owns 13 Horse Palace sites, live racing at Sweetwater Downs, and the operator behind about 35% of Wyoming's $2.49 billion historical horse racing handle. No price was disclosed, and the deal lands months after a bill to cap the machines died.
SkyCity Entertainment Group will give interested parties due diligence information on the entire business, though its chair told shareholders that no new or improved proposal has arrived since the two it rejected. The same morning its chief executive said it bid for two online casino licences rather than three to stay within its return targets.
Reader predictions on year-end prices and the index level.
iGT 25 index FAQs
What is the iGT 25 index?+
The iGT 25 is our index of 25 publicly listed gambling companies, weighted by market capitalisation, that tracks how the sector is performing on the stock market. It covers operators, suppliers and platform companies listed in London, New York, Stockholm, Sydney and elsewhere, and its membership is reviewed every quarter under its published rules.
Where does the price data come from and how often is it updated?+
Prices are taken from public market data four times each weekday (early morning, midday, late afternoon and evening, UK time). Only official closes are used: a constituent whose exchange is still trading keeps its previous close until the session ends, so the latest day is marked provisional until every exchange has closed. It is an editorial reference, not a real-time feed.
Is the iGT 25 investment advice?+
No. The index and the company pages are editorial information about listed gambling companies. They are not a recommendation to buy or sell anything. Share prices can fall as well as rise; take independent financial advice before investing.
Data and disclaimer
The index is recalculated several times each weekday from official closes only, and a day’s level is final once every exchange has closed, most recently for 9 November 2026. Prices can lag the market; verify against the exchange before any decision. This is not financial advice. Past performance does not guarantee future results. The iGT 25 is an informational benchmark, not an investable instrument.