Worldwide Internet use continues to increase and the demand for online gaming is the driving force of one of most profitable business opportunities of the 21st century. The online gaming industry is growing now more than ever and has become a multi-billion dollar industry with the majority of it’s success occurring over the past 10 years.
With potential revenues predicted to increase 700% in the next 3 years, the time to stake your claim as an online gaming business owner is now.
Contact us today to get free information on how you can start your own online casino or poker gaming business.
Current opportunities to start a casino gaming business or offer online wagering with poker software that bring profitable returns have never been better.
- In 2010 online gaming business revenues totaled $24 billion from $800 million in 1998. By 2015 the respected analyst Andrew Burnett, forecasts for the online gaming industry revenues to increase more than 700% or $177 billion.
- Research reports from GBGC, the online gambling authority, states that Europe, Asia and South America, online gambling continue to enjoy rapid growth in popularity. The Asian market is fast becoming the dominant online gaming leader with a 15% increase in 2011 revenues of $357 million.
- Currently valued at more than $150 billion a year, a report published by Research and Markets shows the online gambling market in Latin American countries such as Argentina, Brazil and Peru are the most active. The online gambling market continues to grow because of Italy’s decision to legalize online gambling. Other members of the European Union move to regulate online casinos instead of restricting them.
With online casinos bringing in huge amounts of money every year, everyone wants to play and take their chances on hitting it big, but before any business investor gets out their checkbook there are a few important things to consider before investing in online gaming business opportunity.
There are 3 ways to start your own online casino
1) Most Expensive Way to Start Your Own Online Casino
Design and implement all casino software for an online casino which could cost you millions of dollars. You will also need to obtain a gaming license to start and run your online casino legally, which requires approval from most governments. However, you will have full control of your gambling website, and full knowledge of the source code of your casino and poker software. In addition, no royalties are paid out to a software development company.
2) Average Way to Start Your Own Online Casino
Become a Licensee of an Online Casino Software Provider. This is a far less expensive option to start your own online casino and the client receives all the casino software and sometimes even the equipment necessary. It is also the most popular option for both licensed land-based establishments as well as entrepreneurs. Costs range from $30,000 to $350,000. The average licensing fees are around $150,000 (this usually includes marketing costs). In most cases a royalty is paid to the casino software provider as a percentage of the monthly "take" or "drop" (gross profit). Usually the casino software provider has payment processing (merchant account providers) already set up for a fully turnkey operation.
3) Most Affordable Way to Start Your Own Online Casino
Become a Sub licensee of an existing Licensee. This is the least expensive option to start your own online casino. Costs range from $15,000 to $60,000. The sub licensee is responsible for all the marketing and receives a smaller percentage than a full licensee (2), because royalties paid to the licensee are much higher.
An online casino can be a very profitable business to run, but in order to do so you have to build up a good reputation that will help generate a loyal client base. Not only that but there is the legal aspects that have to be dealt with if you want to run your business the right way. If you do things properly though, you can enjoy a very successful business that will provide you with great financial success. Here are some things that you need to consider when you want to start online casino of your own.
After you’ve completed the steps to start your own online casino, all that’s left is to successfully manage it and provide the best possible gaming experience for your players. This will keep them happy with the software that you provide, and will also keep you happy because they will keep coming back. As your online gaming business grows you will continue to reap the rewards from running a successful online casino, and will enjoy financial success for many years to come.
We offer the most innovative advanced online casino, multiplayer poker, sportsbook and internet sweepstakes gaming solutions with state-of-the-art casino software, Flash and downloadable multiplayer poker software, sports betting and sweepstakes software. We also offer a unique turnkey stand-alone and white label casino and poker software solution to start your own online gaming business.
Contact us today to receive detailed information on available turnkey online casino, multiplayer poker and sports book gaming solutions and our account executive will contact you within 24 hours to discuss your options. We look forward to hearing from you!