By now everyone knows that the best way to start a business is not to rent an expensive office or commercial space and pay for print advertising, that is of course unless your business happens to be in the food and beverages or hospitality industries which require customers to be physically present.
Take Advantage of New Market Trends
Businesses that focus on offering services are an excellent fit for the online market. Today’s technology allows even small businesses to thrive with relatively low initial investments. The question then becomes, which niche or industry should you try to venture into.
This is not an easy question to answer, it depends on your individual interests and capabilities; but, if you happen to be passionate about sports betting then keep reading to find some excellent gambling business ideas that might be what you have been looking for.
Online gambling is one of the fastest growing markets worldwide, and it is expected to reach $96.89 billion by 2024, this means the market is projected to expand at a compound annual growth rate (CAGR) of 10.8%.
These numbers were based on market conditions from 2016; with the recent supreme court ruling that effectively lifts the federal ban on sports betting, those growth projections will undoubtedly increase in the coming years, making this the ideal time to jump into action, here are the top 3 most profitable gambling business ideas we think you should consider.
Start an Online Sports Betting Business
As you just saw, the sports betting industry is one of the most profitable niches, and it is only going to get bigger and better. We estimate that within the next 5 years at least 32 states will have passed legislation to allow sports betting, and once the remaining states see how much revenue this industry can generate they will follow suit.
The one caveat here states will limit the number of companies that will be allowed to operate, which means only the companies with experience and sufficient resources to adhere to the terms of the legislation will be allowed to participate. The good news is this will take about 5 years to be enacted, giving you enough time to establish yourself as a contender.
Starting an online sports betting business on your own can be difficult and risky not mention extremely costly. If you really want to jump on board the best way to work with a pay per head company. A pay per head or PPH is a company that provides sports betting services including betting software, servers, and databases, and of course the betting odds.
There are lots of companies offering these services, but, you want to go with a well-established pay per head that has a proven track record, you can do your own research, but we suggest you start with www.AcePerHead.com.
This is a company that has been in business for over 20 years, and over the course of these years, they have established themselves as leaders in this highly competitive and ever-changing industry. Their top-quality services and innovative outlook has helped them stay at the forefront of the technological revolution that has taken over this industry, for you as a new sports bookie this is something that will prove invaluable.
Out of the top 3 gambling business ideas we will discuss in this article, sports betting is undoubtedly the one that offers the most profitability, but, don’t expect to become a billionaire overnight, it will take time and effort to build your brand, but as long as you have professionals by your side you should be ok.
Start an Online Casino Business
The first casino was established in Venice Italy and dates to 1638, this means that casino games have been popular for close to 400 years now, and in truth, they have undergone somewhat of a renaissance with online casinos.
Because brick and mortar casinos are only allowed to operate in certain jurisdictions within the United States, most people who enjoy playing them don’t have the opportunity to do as often as they’d like, but when the first online casinos popped up on the internet they were an instant success and continued to be to this day.
Online casino games have gotten more sophisticated over the years, with improved graphics and sound effects, not to mention the sheer amount of slot games that are now available in the top of the line virtual casinos.
If you feel starting an online casino is the best option for you, then you are in luck because the same company that can help you start an online sportsbook can also provide you with everything you need to launch your online casino.
AcePerHead.com has two casino products that have proven to be hugely profitable, their virtual casino will delight your players with the variety of slot games, video poker, blackjack, and other assorted games, while their live dealer casino will grab their attention with the fantastic HD live stream video of beautiful female dealers.
The live casino product was designed to maximize player engagement, and offer a hyper-realist casino experience, the closest thing to being in a brick and mortar casino. Players can even chat with the dealers in between games, making it a highly personalized experience.
Become an Affiliate for the Best Pay Per Head Company
If being a bookie is not something that excites you, but, you have expertise in online marketing and want to be part of this profitable and exciting industry then perhaps becoming an affiliate for AcePerHead.com is the way to go.
Once you start researching pay per head companies, one thing will become clear, almost none of them offer an affiliate program. AcePerHead.com is one of the few that does, and their simple payment structure and monthly payouts have proven to be an excellent source of income for internet marketers for years.
Becoming an affiliate for a respected pay per head company like Ace Per Head, will be the easiest money you will ever make, their conversion rate is outstanding, and their retention rate is even better, this means you are guaranteed to make more money with them than any other affiliate program you can find in this industry.
There has never been a better time to venture onto the online gambling industry, the prospects for growth within the US in the next 5-years and increased profits that will accompany this growth make it the most exciting and profitable online niche today. Contact AcePerHead.com and learn how you too can start reaping the benefits.