Did you understand that online gambling business is currently one of the fastest growing business categories in the world? The popularity of online gaming is increasing rapidly and this year has seen significant growth in Europe and Asia. In China and Malaysia, you can find doubly many online gamers as you can find Internet shoppers. Around 43% of Chinese Internet users play games online, while just 16% report which they shop online.
Revenues in online gaming business rose from only $800 million to over $2 billion in 1999! By year 2010, it is estimated that online gambling industry will top over $16 billion in revenues! London-based Merrill Lynch analyst Andrew Burnett says online gambling could generate a lot more than $150 billion in revenues by 2015.
Until recently small entrepreneurs had no chance of getting into the gambling industry, due to huge capital investments, gaming license acquisitions and legal red tape โป๊กเกอร์ออนไลน์. The web eliminated all the obstacles. You can now own and promote your own online casino, sportsbook and multiplayer poker room gaming business and generate revenues you’ve only dreamt about.
You can find 3 ways to start an online gaming business:
1) Most Expensive – Design and implement all gambling software for an online casino, sportsbook and multiplayer poker room which may run you an incredible number of US Dollars. You may also need to obtain a gambling license to operate your online gaming business, which requires approval from most governments. However, you will have full control of your gambling site, and full understanding of the source code of your gambling software. Additionally, no royalties are paid out to a gambling software development company.
2) Average – Turn into a Licensee of an Online Gambling Software Provider. This is a far less expensive option to start an online gambling business and you’ll receive all the gambling software and sometimes even the gear necessary. It can also be the most used choice for both licensed land-based establishments along with entrepreneurs. Costs range from $30,000 to $350,000. The average licensing fees remain $150,000 (this usually includes marketing costs). Generally a royalty is paid to the gambling software provider as a portion of the monthly “take” or “drop” (gross profit). Usually the gambling software provider has payment processing (merchant account providers) already set up for a totally turnkey operation.
3) Most Affordable – Turn into a Sublicensee of a preexisting Licensee. This is actually the most affordable option to start an online gambling business. Costs range from $5,000 to $60,000. The sublicensee is responsible for all your marketing and receives a smaller percentage when compared to a full licensee (2), because royalties paid to the licensee are much higher.
To legally operate online gambling businesses, online casino and poker room owners turn to sovereign governments in countries that permit online gambling and duly issue licenses for gambling operations. The casinos and poker rooms are registered as offshore gambling operations and in turn, the respective countries gain significant licensing fees and tax-generated revenues.