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Evolution has been crowned as the winner of the inaugural NEXT’50 rankings.

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The live casino specialist pipped 49 iGaming companies to the top spot, which was revealed at the iGaming IDOL ceremony on 30 November in Malta.

Malta-based operator Betsson Group finished second, closely followed by Yolo Group.

CRM engagement specialist Fast Track came in fourth, as casino software supplier Pragmatic Play rounded out the top five. The full rankings can be seen below:

It has been another strong period for Evolution, with revenue rising 26.1% to €1.32bn for the nine-month period between January and September.

EBITDA climbed 27.6% over the same period to €930.5m, corresponding to an impressive EBITDA margin of 70.3%.

The NEXT’50 initiative is designed to annually recognise and celebrate the top 50 most forward-thinking, sustainable, and impactful organisations that are driving the iGaming industry towards a brighter future.

It is a curated list developed through a meticulous, multi-layered selection process. Initially, 40 expert industry professionals individually nominate organisations for their top 10 lists.

The collation of these votes reveals the 50 most laudable organisations of the year. Following this, both a panel of judges and the general public will have the opportunity to vote on their top 10 companies, ultimately shaping the final 1-50 list.

The judges account for 75% of the votes, while a 25% public vote combines to create the final ranking order of the NEXT’50.


NEXT.io is an esteemed online news portal and conference organiser with a commitment to delivering the latest trends, insights, and developments in the iGaming industry. Through thought leadership and strategic partnerships, iGaming NEXT seeks to push the boundaries of what is possible within the digital gaming ecosystem.

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