They say the house always wins. As an entrepreneur, you’re probably on the hunt for ways to become the house. Whether through sales, marketing, or some other medium with a high ROI.
It makes sense. At some point, entrepreneurs must put some of their capital to work like employees if they want to build wealth. This is a good thing, and online gambling is one way you can make it happen.
Here are some of our top ideas.
The Top 4 Opportunities for Entrepreneurs in the Online Gambling Industry
Today’s post will go down the line from the easiest to the most challenging way to make money with online gambling.
Let’s get started.
1. Traditional Stocks
Gambling is big business. So is the stock market. When you combine the two, plenty of money can be made.
Here are three gambling stocks worth watching:
Draftkings
The online gaming company, best known for its daily fantasy sports offerings, has raised more than $700 million through 12 rounds of funding in less than five years. The company looks to capitalize on the growing popularity of sports betting. Since the Supreme Court reversed the federal ban on sports betting, several states have voted to legalize the activity.
DraftKings is well-positioned to benefit from the boom in sports gaming. If you firmly believe in the future of gambling apps, this might be worth adding to your portfolio.
MGM
MGM Resorts International is a massive global hospitality company with a portfolio of iconic destination resorts that include some of the most recognizable names in the industry. The company operates a total of 25 resorts and casinos in the United States, Canada, China, Macau, and the United Kingdom.
They are also one of the world’s largest gaming operators, with nearly 30 million square feet of casino space. The company’s stock is traded on the New York Stock Exchange under the ticker symbol MGM.
The company has a market capitalization of approximately $13 billion and owns some of the most valuable real estate assets in the gaming and hospitality industries.
Penn Gaming
Penn National Gaming, Inc. is an American gambling and racing properties company based in Wyomissing, Pennsylvania. It operates dozens of facilities across the United States and Canada.
PNG owns and operates several gaming properties, including Hollywood Casino, Ameristar Casino Resort Spa, Meadows Racetrack and Casino, Zia Park Casino Hotel Racetrack, Plainridge Park Casino, River City Casino Hotel, Boomtown Casino Biloxi, and L’Auberge Casino Resort Lake Charles.
2. Sports Gambling Apps
With the recent explosion of online sports gambling, many sports gambling apps are available to users.
First, figure out the style of gambling that suits you best. Are you looking to place bets for fun, or do you take your gambling more seriously? There are apps geared towards both types of users.
If you’re just looking to have some fun, you might want an app with a more simplistic interface and easy-to-place bets. On the other hand, if you’re looking to make some serious money, then you’ll want an app with more complex features that allow you to create sophisticated bets.
Something else to think about is the type of sports you enjoy. Some apps specialize in certain sports, while others offer a more general approach. If you’re only interested in betting on one particular sport, it’s worth finding an app specializing in that sport. However, if you like to bet on various sports, then a more general app might be better for you.
Finally, it’s also important to consider the app’s bonuses and promotions. Some apps offer special sign-up bonuses or ongoing promotions that can give you an edge when gambling. It’s worth researching to find an app that provides the best bonuses and promotions for your needs.
3. Gamble Online With Dollars or Crypto
Online gambling might be the perfect solution if you’re interested in gambling but don’t want to leave the comfort of your own home. You can find a wide variety of gambling games online, from poker and blackjack to slots and roulette.
And thanks to the convenience of the internet, you can gamble from anywhere in the world. However, you should keep a few things in mind if you’re new to online gambling.
First, make sure that you’re only playing at reputable sites. There are plenty of scammers out there who are looking to take advantage of unsuspecting gamblers. Second, be aware of the risks associated with gambling.
The Rise of Crypto Casinos
Cryptocurrency casinos are a new and exciting way to gamble online. These casinos allow you to bet using cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more.
Crypto casinos offer several advantages over traditional online casinos. They’re often more anonymous, which is appealing to some users. They also tend to have lower fees and faster transaction times. And since they’re built on blockchain technology, they’re often more secure than traditional casinos.
The best part is they offer some of the best promo codes to get new folks started on their platform. As an example, if you want to play on the Stake website, you can easily find a Stake bonus code online that will give you a great offer on a new membership.
If you’re looking for a new and exciting way to gamble online, then crypto gaming might be the perfect option. Just make sure to do your research before signing up for an account.
4. Build Your Own Online Casino
If you’re an experienced gambler and entrepreneur, you might be interested in building your own online casino. This can be a great way to tap into the growing online gambling market.
Building your online casino isn’t as difficult as it might sound. Many software platforms allow you to create and operate your own casino efficiently.
If you’re interested in building your online casino, then make sure to do your research and choose a reputable software platform. Once you have everything set up, you’ll be ready to take bets and make money.
Most of your expenses will be in licensing, marketing, and general upkeep, similar to a regular casino.
The Bottom Line
The online gambling industry is growing rapidly, and entrepreneurs have plenty of opportunities to get involved. Whether you’re looking to gamble online or build your casino, there’s a way for you to get started.
Make sure to research and choose the option that best suits your needs. Thanks for reading, and if you have anything to add, feel free to drop a comment below.
