How to Start an Online Gaming Business

Gambling is one of the fastest growing industries online. It had revenues of $8-9 billion in 2006, $12 billion in 2008, and is expected to exceed $15-18 billion in 2010. There are over 2,500 online casinos this time and it’s still growing. The Internet offers equal opportunities for all physical gaming operators, as well as those who do not yet have a gaming business but want to start an online gaming business, i.e. i-Gaming or e-Casino industry and enjoy of the benefits. This article provides basic information about the Internet gaming industry and how you can start your own online gaming portal.

What is internet casino or online gambling? Like other online businesses, this is an online gaming portal where players can place their bets online using their internet connection, play as long as they want. Different online casinos may offer some different features, bonus offers and games in their portfolios. However, most of them offer some common and popular types of Vegas style games like Blackjack, Poker, Slots, Bingo, Roulette etc. Some include sports betting, lotteries, and other forms of traditional gambling as well. Money can be deposited or withdrawn through various online payment methods using credit cards. The overall gaming process is run through software from a main server and is closely monitored for all online activities.

Online betting software comes with various customizable features and games. Operators can limit individual bets, daily bets and set a payback rate. Some of them also use Vegas Odds, especially in the state of Nevada. The recovery percentage can be set taking into account the volume of the game. More payback generally translates into more chances of winning for players, therefore more players for your casinos.

How You Can Get Started in the Online Gaming Business – The essentials for starting an online gaming site include:

a) License: You must first obtain a gaming license from the respective authority in your territory and from the fields of operations to run a casino. This would cost a fair amount, depending on the regulations in force in any state.

b) Software: You would need to have software designed specifically for this purpose, with integrated e-commerce functions, payment เว็บแทงบอล  methods and security measures. There are many software companies that offer online casino software with customizable options. This can cost a fair amount, but it gives you full control of the site and doesn’t require you to share royalties with the software development company.

Some Internet gambling software providers also offer franchise-type deals that cost much less than purchasing their own software. These companies provide the necessary software and even equipment at a fixed cost and/or with a certain share of the revenue. Fees for this type of license can range from $30,000 to $1 million. The company, in turn, may provide marketing, maintenance, and other support.