The online sports betting market is rapidly growing. According to the American Gambling Association, over half of the states in the US have already legalized the activity, and six more have active bills aimed at achieving the same goal.
In 2021, the industry raked in $2.1 billion in revenue, a bit more than Bill Benter net worth, and this figure is expected to grow fivefold to $10—1 by 2018.
Are you looking to invest in the online gambling industry but don’t know how or where to start? Well, consider this moment the end of your worries because we got you. The industry offers a myriad of ways to invest your money.
Depending on how much capital you got and where you want to invest, you are torn for choices. Read on to find out how you can make profitable investments in the online gambling space.
Starting a Casino Streaming Platform
If you are a big fan of iGaming, then the chances are that you are have encountered Twitch. For those that haven’t, Twitch is an online video game streaming channel with a live audience of thousands of gamers.
Casino players are also taking advantage of the large Twitch audience to market their skill and earn additional revenue. As a content creator, you can stream yourself playing the best online blackjack, roulette, poker, slot, or whatever your favourite casino game is.
Alternatively, you can choose to review gambling sites, share gambling best practice tips, or just engage your fans in a chat.
Those who run successful casino streaming channels do tons of money marketing to their large audiences, which investors view as a target market. Twitch makes money by collecting a small fee on the $24 monthly subscription fee that it allows its content creators to charge their fans. Content creators are also allowed to request donations from fans.
Bottom line? You should consider starting a Twitch streaming account. If you ever want to grow your audience even further, you can also invest in a YouTube channel.
Purchasing Gambling Stocks
Stock buying essentially means investing in the target company’s future. As a stockholder, you will become part of the company’s success when it succeeds. However, you will need to buy stocks from gambling companies with a foreseeable and profitable future.
The best places to hunt for reputable gambling stocks include NASDAQ, London Stock Exchange, and the New York Stock Exchange. These stock exchanges list foreign and domestic companies.
Some of the successful gambling brands in the United Kingdom are William Hill, Playtech, and 888 Holdings. In the United States, you can check out the NASDAQ OR NYSE for leading brands such as Penn National Gaming, FanDuel, and DraftKings.
Launching a Gambling Site
Another way of taping into the future of the online gambling market is by registering an online gambling firm. The easiest way to achieve this is by applying for a sportsbook or casino license in your state.
Alternatively, you can consider moving to a country with a high or growing demand for gambling services, such as the UK and Malta. Interestingly, gambling licenses are not as expensive as you might expect.
In the UK, you can start a legitimate gambling site with less than $10,000. Other markets such as the US might be relatively expensive, but not too expensive that you will have to break your bank.
However, it is also worth noting that only a few companies qualify for gambling licenses. This leaves the markets at the mercy of the few licensed operators. In addition, acquiring a gambling license is just the first step.
You will be expected to work and invest hard to win and retain customers. Gambling punters demand high-quality games, profitable bonuses, competitive odds, and smooth banking. If you are in a position to meet these demands, then you are set to run a successful gambling operation.
Creating an Online Gambling Tutoring Course
According to Statista, the online gambling industry is expected to grow over 10X in the next five years. This essentially means that we will witness more gamblers join the market. This fresh audience will want to learn how to play profitably at online casinos.
This leaves you an opportunity to create a detailed casino gambling course with step-by-step guidelines for beginners. You can offer your course through a website, YouTube, Blogs, or social media platforms.
It is advisable that you create a course for your favourite and most preferred casino game. If you happen to be a poker fan, you can comfortably launch a course about Omaha, Texas Hold’em, or how to profitably play different hands. If blackjack is your favourite game, then go with that option and so on.
By consistently committing to educating new gamblers, you can make money from vehicles such as your YouTube channel or blog. These vehicles allow you an opportunity to post regular content. With a sizeable audience, you can monetize it through ads and other means.
Developing Free to Play Casino Apps
Registering and launching an online casino is not only costly, but it’s also a tedious process of scrutiny. Fortunately, you will not require anyone’s permission to develop and launch a mobile casino application.
You do not have to be a computer wizard to create a mobile app. You can learn how to develop one in six weeks. Alternatively, and even better, hire a developer to design and develop the app for you. Buying an already built application is also an option.
The goal is to own a free-to-play casino app with tons of exciting and user-friendly games. You will also have to market your app effectively to reach your target audience. Apple and Google Play stores are filled with mobile apps that no one even bothers to check out, and you do not want your app to add to that dead pile.
Take time to create a top-quality app and provide premium and relevant content. Investing in both conventional and digital marketing strategies will help you reach your audience with much ease. It is also important to target the right audience using targeted advertisements on all relevant platforms.