Did you know 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, there are twice as many online gamers as there are Internet shoppers. Around 43% of Chinese Internet users play games online, while just 16% report that 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 more than $150 billion in revenues by 2015.
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 own and promote your own online casino, sportsbook and multiplayer poker room gaming business and generate revenues you’ve only dreamt about.
Are you a betting man? If you are, then the first thing that may come in to your mind when you think about gambling is Las Vegas or Atlantic City. Sure these places can provide you with a lot of fun and entertainment. However, traveling all the way to Las Vegas may seem to be impractical. If you don’t want to travel to another state just to have a Togel Hongkong great time gambling, then you may want to try online gambling.
Online gambling is now becoming one of the most popular ways to try if lady luck is on your side. Today, you will see thousands of people gambling in the internet and thousands more are joining each day. If you love to gamble, then you will surely love online gambling.
So, why is it that online gambling has become so popular? Basically, this is because online gambling has so many advantages.
The first advantage is that online gambling can be done right at the comforts of your own home. If you have a computer with an internet connection as well as a credit card or debit card, you can easily sign up with one of the many online gambling websites and start trying your luck. Because there will be no noisy people, no cigarette smoke and no drunk people that may annoy you, you will be able to concentrate much harder while you play.
Also, because gambling websites are competing against one another, bonuses are constantly offered to people in order for them to join their website. The bonus offers here are great and can even amount up to hundreds of thousands of dollars. In fact, some websites even give away free holiday vacations, depending on the amount of money you bet on their website.
1) Most Expensive – Design and implement all gambling software for an online casino, sportsbook and multiplayer poker room which could cost you millions of US Dollars. You will also need to obtain a gaming license to run your online gaming business, which requires approval from most governments. However, you will have full control of your gambling site, and full knowledge of the source code of your gambling software. In addition, no royalties are paid out to a gambling software development company.
2) Average – Become a Licensee of an Online Gambling Software Provider. This is a far less expensive option to start an online gambling business and you will receive all the gambling 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 gambling software provider as a percentage of the monthly “take” or “drop” (gross profit). Usually the gambling software provider has payment processing (merchant account providers) already set up for a fully turnkey operation.