In 1997 when the first online casinos offered gambling services, few investors paid attention. Today, only in the US, there were, in 2021, 466 commercial casinos and 561 tribal casinos (1,027) which generated over $53 billion in revenue (Statista). The Las Vegas strip alone generated more than 14.08 billion (the Nevada Independent) in 2022. However, the big numbers are in the online gambling industry with a projection of 261 billion in revenue in 2023 (Statista) Online Users and Legal States The projections made by Statista are empowered by a massive increase in smartphones and mobile Apps. Meaning that there will be more users online, a projection of 4.8 Billion, or more than half of the world population (Markets and Markets). This is accompanied by many US states legalizing online gambling, pushing companies such as Paypal to reenter the gambling industry. Easy to Start a Casino The availability of licenses and software companies has grown substantially and there are white-labeling options that include all requirements. Some Igaming software providers will make offers such as rake only deals. Casinos now come with e-wallets, payment and customer service. This means that anyone with a bankroll can operate a casino without worrying about software or customer services. Ready to start yours? Now is the time. Got questions, ask and get answers here.
That is true, but I have helped many casinos get started, including Getmore Sports. It is a lot easier now and does not need such a huge bankroll as before. There are many options and depending on your budget, one may be perfect for you. I helped a Philippine designer set up a partner site with Betway. His overall budget was $11,000 and he gets 50% with no responsibility for client winnings. I helped a hotelier create a sportsbook and casino, self-owned and managed with software rental, His inversion was $38,000 and he keeps 100%. However, he needed additional funds to secure clients' winnings. So, the choice is limited to your budget. But it is not that hard.