Are you looking for information on how to start online casino with turnkey casino software solution? You have come to the right place. More and more investors are beginning to realize that the online gaming industry is a promising global growth industry and offers a wealth of opportunities.
Did you know that online gambling business is currently one of the fastest growing business categories in the world? In fact, the gambling industry in the United States alone generates more annual revenues, than the Hollywood movie industry, music industry and video game industry sales combined! Americans spend over $55 billion on gambling annually.
The online gambling 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 15 years.
In 2010 online gaming business revenues totaled $24 billion from $800 million in 1998. According to H2 Gambling Capital regulated real-money online gambling already generates over $30 billion globally and are forecasted to grow to over $60 billion by 2025. The major trends in online gambling and betting globally are mobile and social gambling. Mobile gambling is expected to reach 70% of gambling revenues by 2025. Predictions of unlimited growth for casino and poker gaming for mobile phones and tablets with internet access increase the potential future profits of worldwide online gambling.
The popularity of online gambling is increasing rapidly and this year online gaming business has seen significant growth in Europe, Asia-Pacific region and South America. Many members of the European Union are now moving in the direction of regulating the online casinos and poker rooms instead of prohibiting them. Latin America represents the second best market to target in 2021-2025 after European market.
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 right now to get free information on how you can start your own online casino or poker gaming business.
In 2010 online gaming business revenues totaled $24 billion from $800 million in 1998. By 2018 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.
Currently valued at more than $150 billion a year 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.
The continued growth in popularity for casino software games, despite recent regulatory changes, is proof of the industry’s strength. Businesses face the challenge of meeting the increased demand for quality, online gaming variety. Predictions of unlimited growth for casino software and sports betting for mobile phones and tablets increase the potential future profits of worldwide gambling.
Until recently small entrepreneurs had no chance of getting into the gambling industry, because of huge capital investments, gaming license acquisitions and legal red tape. The internet eliminated all the obstacles. You can now start and promote your own online casino, sportsbook and multiplayer poker room gaming business and generate revenues you’ve only dreamt about.
To legally start and operate an online casino 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.
An online casino can be a very profitable gaming 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 online gaming 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.
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 present innovative and cost-effective fully turnkey iGaming solutions for entrepreneurs and gaming corporations who want to provide their players with a variety of eye-catching, state-of-the-art 3D casino and multiplayer poker games, all built on a secure, stable and scalable hi-tech gaming platform. We also offer a unique standalone and white label online casino software solutions to start your own online gaming business. Contact us now and get access to game demos and pricing on advanced online casino and poker solutions.