May 26, 2021 (Investorideas.com Newswire) The online casino industry is worth $92.9 billion according to research firm Statista. To provide some context, Facebook, a social media giant with over two billion users, generates roughly $80 billion annually.
In other words, the world of online casino is huge and profitable. There is a lot of money to be made and not just by the casinos. It doesn't matter how small or big of a budget you own. In this article, we'll explain different ways to invest in the industry and what to expect.
Playing Real Money Games
This is the easiest way to invest in online casinos. No need to hire web designers, accountants and legal experts to help with your investment. Instead, the primary requirement is to find a safe casino and sign up for an account.
Next, look for a convenient payment method. You could use Bitcoin, Visa or PayPal. The bottom line is to get money to your casino account. Most operators accept limits of between $10 and $10,000 although you can deposit a lot more at high-stakes casinos.
With that in mind, look at common features of the best online casinos before you select your ideal casino. These include a decent variety of games, fair games, frequent bonuses and reliable customer service.
How much can you win playing real money casino games? It depends on many factors. Progressive jackpots, for example, payout up to $10 million. But they only payout to a few winners.
On the other hand, you can build a career playing poker. But it's a highly competitive game of skill. By comparison, video slots are games of luck, so winning and losing depends on luck.
Affiliate Marketing for Casinos
Playing slots and poker is great until you get on a losing streak. That's when the fun stops and have to ponder between cutting losses or betting some more. Word to the wise, always cut losses.
That said, one of the best ways to invest in online casinos is by starting a website to market different brands. The reward-you earn commission every time you refer someone to a casino you have a partnership with.
The amount of money you earn from every commission varies from one website to another. But let's say you get paid 20% from the money a casino makes through people you refer. If the company earns $100, then your cut is $20.
If you refer 100 people and earn $20 from each of them, this would translate to $2000. Of course, making $2000 by marketing casinos is easier said than done. Still, to be clear, this route offers a safer way of making money from casinos than gambling.
Blogging about Casinos
Another way of making money from online casinos without risking too much is by starting a blog. Think of a site that shares tips on how to beat the dealer at jackpot. Picture yourself breaking the news about a new slot or reviewing banking providers.
Is this something you fancy doing? If you do, then you'll be glad to know blogging is both cheap and straightforward. Launching a website costs under $100. After that, the hard work of creating content and marketing your website begins.
To make money from your blog, you need to attract decent traffic. Then you can allow Google and other advertisers to advertise stuff on your website in exchange for money. Some people also monetize their sites through affiliate marketing.
Streaming Casino Content on Twitch
Twitch, the biggest streaming platform for video games, isn't exclusive to video game content anymore. Nowadays, there are people who make a living on the website just chatting, sharing cooking tutorials and streaming casino content.
Predictably, many streamers target slots players. Slots are the most popular casino games, after all. The content doesn't have to be unique. You can review new machines, gamble in real-time or review casinos.
The main secret of succeeding on Twitch is to entertain, inform and to educate. What's more, you need to stream regularly. Indeed, the top channels have content creators who stream six to 24 hours per day.
Like blogging, traffic is the backbone of making money on Twitch. Attract an audience of 1000 fans per session, and you could end up turning streaming into a career. If you can attract tens of thousands of viewers, you could even make a million dollars per year.
How do streamers make money? On Twitch, you can ask your fans to subscribe to your channel. Alternatively, you can advertise, market or sell merchandise.
Work for Casinos and Developers
The online casino industry is growing rapidly. With growth comes job opportunities for game developers, web designers, accountants and customer service agents. If you like the industry but never seem to get lucky gambling, you could try something else.
Apply for a job in the casino industry. In Europe, many online casinos are based in Malta and the UK. These are countries with the best casino jobs regardless of your qualifications. In North America, you can apply for casino jobs in American states that authorize the sector.
In regards to remunerations, casinos pay incredibly well. The companies make hundreds of millions of dollars in profits, after all.
Start a Casino
Now that we've exhausted all the simple ways of investing in online casinos, let's talk about the granddaddy of them all-starting your own casino. How much money would it cost?
Procuring a gambling license in the UK costs £5,711 ($8116). What's more, there's an annual renewal fee of £3748 ($5326). Then there's an additional gross annual revenue of 21% of the company's profits.
While starting casino costs a small fortune, getting your company up and running is only the beginning. It's a new business and you need to market it aggressively to score new casinos. Then you must run it professionally to maintain your customers.
With that in mind, the reward of a profitable casino can be incredible. Not only can you make enough money to open additional websites, but you could also become a millionaire or billionaire in the process.
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