1. Online Gambling Statistics, Gambling Law and starting an online gambling business
Gambling is among the swiftest forms of earning easy money today. There is no wonder why today many
entrepreneurs are wishing to enter the world of casinos in any part of the world. With the worldwide web
proliferation, gambling has even controlled the platform.
The online industry covers over million to billions of earnings in US alone. This is why anyone can see
myriads of online gaming websites in the web where you can find several kinds of portals and casino
games to play. With the unstoppable growth of the domain, experts even predicted that the arena could
even swell up to multimillion revenues in 2015.
If you are interested in starting an online casino business here are steps on how you go through the
process:
1. Get ready for implementation of all the software for web casino and e-commerce. Basically, it
would costs around million dollars. You should also consider obtaining licensed software for your
online gambling business. This usually requires approval from various government sectors. This
also cost high so be ready for this expenses. After getting those, Gambling Law you have now
full access of the site and source code of the software. There are no royalties payment needed.
2. Be a licensee of internet gaming software provider. This would cost lesser and the proprietor
would get all the required equipment and software necessary for his operation. Price could span
from USD $ 30,000 to USD $ 350,000 (some ask as high as USD $1 Million). On the other hand,
the regular licensing fees can cost approximately USD $150,000 inclusive of all the marketing
expenses. You need to pay royalty to the Software Company for the monthly ‘take’ or ‘drop’.
3. You must be a sublicensee of a license. Expect payment of around USD $ 0 to USD $ 60,000.
Online gaming is regarded as the quickest growing internet business around the globe with recorded
revenue growth of 12% in 2011 with value of staggering $30 billion dollars. It can be credited to the spur
increase of online Bingo Statistics where it generated an astounding $1.3 billion followed by online
casinos with 41% share and online poker with 46% share from sport betting.
Global Betting and Gaming Consultants (GBGC), reports that online gambling will continue to grow in
the coming years with their forecast of stunning Online Gambling Statistics of $40 billion in 2014. This
is heightened by the continuous increase of legalised online betting in the past years.