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I can't think of anything more profitable at the moment. Although I don't know in depth the income from online casinos.

However, to create an online casino, you need a lot of investment and be willing to pay for advertising and interact in a forum like this.

I don't intend to have an online casino, I'm more interested in having an e-commerce.

One of the factors that makes me believe this is that there is already a whole audience ready to play in casinos, as they are generally people who bet out of addiction, to make money (or even when they lose, they play just to pass the time). In addition to the fact that there are costs for servers, employees, online attendants, programmers and other costs, unlike physical casinos where the costs are for installations, maintenance, energy and employees and security guards...

Do they make more profit than digital banks, CEX exchanges, etc.?

Nah Exchange win! (Gojo Satoru reference)  :D

Seriously speaking, Exchange earn fixed percentage on every trades done on their platform while they have Billion dollars volume in average while casino relies on the house edge in able to win against players. Casino needs players to lose in able to earn profit while exchange get a fixed income on every trade even if the traders is at loss/profit.

Exchange has a guaranteed profit while casino is still gambling with better winning chance rate against players so Exchange will always win since they have fixed income on a much higher trading volume.

What you say is true but the amount taken is not the same. While exchanges only take few tenths of percent(usually less than 2) on each executed order, casinos take several percents on each bet through their house edge. In addition people tend to take more risks with their bankroll at casinos than when they trade. For example they don't hesitate to use martingale schemes until they are not able to bet more money. While when you trade you can hardly wipe your bankroll if you don't use leverages.

Online crypto casinos are profitable but not the only profitable digital business. There are so many of other businesses. I know you think this way because of the growing number of gamblers. It is one of the fastest growing digital businesses in my opinion. However, before you look at their success rate, you need to first look at the number of years it took for them to become successful. I also have a thought that when some of these online casinos starts out and the see that they cannot compete in the market because of saturation, they turn rouge. They begin to scam their customers, withhold their funds and give useless reasons, they can ban a user account without an explanation. I will conclude by mentioning that content creating is also very profitable, also ecommerce are all top ten in the profitable businesses in addition to online casinos.

They make more money than digital banks. Digital banks are restricted to their country geolocation but online casinos can service at least 5 or more countries in different continents.

This was exactly what came to my mind when I saw the trade - I was like where did exchanges go?

It’s true that gambling is a moneymaking business for the owner but you can’t take exchanges out of the picture when you’re discussing this topic - most especially those exchanges that have managed to established their presence in the crypto space.

But I’m given the opportunity to choosing between both of them, which one is like to run is definitely go for gambling. It’s more easier to get people to use it than crypto exchanges.

For sure they are much more profitable than digital banks and then cheaters exchanges like CEX which can just happen to shut down your account just because they want to.Their support was so stupid to ask me what was the email of my Bitcoin wallet and if I had any money there I would suggest you take them out rather than let those idiots run it for you,there are much better exchanges like Binance for example.

As for the casinos being the most profitable it is true yet they need a huge amount of people and resources to tick together in order to be alive and be working well,just one link of the chain goes wrong and the whole business is risked,beside that it needs a huge amount of starting bankroll and that is the most difficult task to achieve.

They probably make lots of money but it is not an easy job that's for sure.

> To start a bank you need to have a license and it doesn't come cheap. If you somehow manage to get it, if you don't know what you are doing, you'll fail. In my experience, you won't even be able to get that license even if you have the money if you are not capable of running a bank.
> CEX's are already like banks since crypto is getting regulated. Maybe a little easier to start.
> Casinos: The easiest business on the paper but it has its own risks. You will be dealing with scammers, hackers, whiners, addicts...
> E-commerce: Again many people will try to scam you.

---

Whatever you choose, start small. Learn how to deal with the problems you'll encounter on the way and then go big when you are ready. Every business has its own problems. You won't know unless you try.

Profitable business if you have a strong marketing and has an established loyal customers that bring wager in regular basis. Competition is tough nowadays on crypto casino since casino entering on this business to share a slice of profit.

But you suffer huge loss just like other business in case you didn’t manage to attract loyal customers since you are paying employees and other casino expenses in regular basis while you can encounter a jackpot win from players that will drain casino bankroll if there’s no enough player actively playing to cover your losses. Online casino is indeed one of the profitable given that you are one of those casino that has an established reputation in crypto.

The casino business is always been profitable even offline casinos, all they need is to make it as attractive as possible and then invite big parties and events.  Online casinos are tricky but still with the kind of people today, online is their best option as they can still be at home while playing. But this is why they are also strictly looking for those cheaters in the online casinos.

Compare the casinos to exchanges, I would definitely pick exchanges, this is where I will learn more about how to make money and probably operate by myself if I can.

Well, casinos or exchanges will profit if they have enough users... And who has more users is hard to know, I mean, Binance is the most popular exchange, and Stake is one of the most popular casinos around, so who has more users? I guess it's hard to find out the real data here, but what is visible is that both are making nice profit and they are both growing.

It probably doesn't even matter who makes more profit, it's important to make a profit and attract users. If the number of users grows over time, so does the profit, and that's a winning combination for every service that exists.

I will say they are because online casino are able to reach a lot more range of users on the long run. Most online casinos are easily accessible with nice odds and so gamblers who understands how they work would rather prefer gambling online than going for local betting. Loca betting requires physical activities and one has to monitor his game up to the winnings so he won't b cheated. But online casino all you do is play your game or place bets. So all these put together would drive more users to the online casino making them more profitable.

I made a post some days ago on the forum about casinos whose access is restricted in my country. I wondered why despite the number of people gambling daily,  the amount spent on gambling per day which made my country to be a very highly profitable market for gambling why it is being ignored by some casinos. I concluded that they probably have more than enough money and do not need a new market as profitable as but in my country. That being said I agree with you that online casino business is the most profitable digital Business. All you need to do is have a good bankroll, a strategy for market penetration and a very good competitive advantage and then watch your customers grow daily at a gradual and steady pace that is good for business.

Creating a sense of comparison already tells me alot about you not knowing how these platforms work; everything depends on the general/statistical traffic on a weekly/monthly or annually basis.
On that note, I can't say which one makes more income.
offline casinos aren't that lucrative as you might think... AFAIK, they've got a strict weekly target that every agent has to meet up with, to be eligible for a commission or bonus. Sometimes, the new breed of agents will have to run on a loss for as long as their weekly transactions would improve.

For sure they are making decent to big amount however, if it is being most profitable then I guess it is not. There are exchangers, online banking, online shops such as dropshipping businesses and the likes. Bottomline is how popular an online casino or gambling site is. Take note of how many online gambling sites are there in the competition also the idea that there are more consumers than gamblers. Not all online gambling platforms are earning that much, again because of popularity. Same reason why online businesses which are more often used on a daily basis, are the ones which are most likely to earn more, however capital won't be equivalent with what's needed with online gambling sites which is also a factor to determine how profitable an online business is.

It's hard to tell IMO. Would totally depend on how boomin the business gets. In every line of business, there's always a top few which gets the most slices of pie.

While it's true that there are many gamblers out there, we also have lots of casinos. I agree with the big investment because people don't just flock into a particular casino for no reason. It's a slow build up of brand hence it's a must that new casinos are able to sustain losses at first while providing adequate marketing and polishing their platform.

I think you can try to look up publicly available companies for statistics though most will be fiat only companies. Casino.guru does provide a range of income of casinos listed but it looks like a rough estimate to me...

It's difficult to say for sure that online casino is the most profitable online business, but however gambling and covered a very wide range of usages by citizens of various nations, except in countries/states where they deem it inappropriate for usage. Then penalties for breaking those laws will also be executed. But aside that gambling is one of the fastest growing business that is being run by some companies. Business ideas are always backup by branding and that what make your business to be unique from the rest even if they started or have gained more fame. The rapid growth of casino make it look as though gambling is the most profitable business but I believe there are other online business which are far better than gambling in term of running a casino.

Online casinos are indeed very profitable, but they pale on comparison to CEXs and it is not difficult to understand why that is the case, most gamblers in regular casinos are just using their spare money, so even if they were to lose it all, the amount lost is not really that high, however exchanges charges you fees on each trade you make, and when people are trading with their life savings on the line, the money can add up really quickly.

I was once taught that the best way to make money is with money, in other words... that famous phrase "living on income".

However, it is difficult to make money and multiply quickly when you have nothing or very little, this is something time-consuming and requires a lot of discipline and effort.

I also don't know if Gambling is the most profitable way today, but I'm sure that if I had invested the little money I had a few years ago on a betting site I would be rich today, but unfortunately I chose to bet through conventional means... . my mistake.

Happy and blessed are those who would start a betting site during the pandemic, a time when many people locked themselves in their homes and saw online entertainment as a good choice for entertainment. And the owners of these sites saw the golden opportunity to get rich.

Nowadays, there is still room for new websites, but we are already very saturated, and it is necessary to invest a lot of money in marketing to attract the public, offer a differentiator in the market and really make a profit... many websites are closing just a few months after opening , bankrupt.

So, I believe that this is not a time to make easy money if you don't have a lot of money to invest, a brilliant strategy and a lot of planning.

It depends, the matter here is about having repeat customers. If you have the introduction customers and are only for the bonus and gets out after providing themselves with the bonus, then it's hardly to think about who's more profitable whether it's with the exchanges or the online casinos. Sure, online casinos are profitable as long as you have the stable number of customers and they're all repeat customers. Because if majority of those are new clients or customers, you still need to establish your business relationship with them and that's why satisfaction is one of the reasons why many casinos are being kept back by their customers. There are other online businesses that are profitable like the drop shipping business.

Also, when you are into online casino business the security of the platform is one of the reasons to invest more with it. So, they are not too easy with how their security goes as they hire the best cybersecurity people to protect their funds, their assets and platform from the hackers and any other intruder that are going to ruin their business within a single attack.

Hypothetically this is what I was able to squeeze out of my head thinking about who makes more profits than the other between  CEX and casino.

Exchanges as we know do earn a constant fee on each trade executed using their platform whether a loss or win to the trader their fee is sure to be earned as profit they make for service rendering. And this fee is usually at a certain cent or less.

While for casinos it's a game of the house against the player and Vis-a-vis. It's either the house makes profit from the gambler or the gambler lose to the house in most cases from 1-100 99% is always in favour of the house (casino) based on the hedge they enjoy.

Now a single gambler can lose about $10k at a go on a session to the casino which covers more far than a hundred number of trading fees earned by an exchange. Now do the math that a 100 number of gamblers losses $10k each in a day.  With this I don't need to say who actually makes more profits than the other as it's all a hypothesis  ;D

Although every business usually have their own side of risk and some way they loss money too  but I don't think that Digital banks and centralized exchange have a more frequent way that they loss money compare to the way casinos always pay out customers wining (which happens to be loss from their own end). Cex and banks are frequently in profit while casino often have customers that wins all the time, therefore I don't think that casino is more profitable but tho they still get profit too because gambling loss more than they win.

It depends I think? It's one of the more guaranteed ones in terms of being consistent though if you manage to develop your userbase enough, but being the most profitable is still questionable imo. There are probably a lot of other SaaS out there that are way more profitable than casinos in some cases, but they aren't exactly the easiest thing to manage and setup unlike casinos, nor would they be as consistent. There's also cases where a product would boom out of nowhere, generating thousands of increase in revenue but only for that specific moment, might last a month or two but gradually lose hype sooner or later.

Besides, with the talks of costs, literally every digital business has them. If we were to compare casinos with other businesses with the same level of infrastructure, I don't think there'd be any difference in terms of costs and if there was, it'd be really minor. As for you're plan of e-commerce, it all depends on how you market it. Sadly there are big e-commerce websites available already, I don't think yours would be able to stand out that big compared to those.

Maybe for profitability it depends on the owners on how they market their casino business since we see a lot of casino fall down even if they present a good site but they  fail on marketing. To achieve that the owner must have a lot of budget knowing that exposure is one important thing to have for their casino to be known. Same goes with your digital businesses mentioned. Although you seems to have an idea on how to start since your statement is already one good thing to consider but its important to know that marketing is important tool for a business to be successful. All cost mentioned will be covered up once the casino or other digital business is successfully running and it have stable costumers.

For the question if do they make more profit than those businesses mentioned is I think its the same and will always depends on the efforts made by its owners also how good or expert they are on marketing.

Talk about the profit made from online casinos as compared to CEX , Banks and the rest of other business entities you did mentioned, i wouldn't want to give a straight answer to your question because it's definitely not going to be accurate and it's obviously relative a s I'm sure you should understand the relativity in it as someone who's wanting to invest in something as such knowing what it entails.

Some CEX makes good money so as some online casinos so too but then like i mentioned earlier it's relative, there's actually no official statistical records from any form of study that will help us get figures but then thing is that which ever you see making money have some factors around them that's propelling the productivity of such to the point they are making such money and this factors of influence should be what you should concentrate more in if you wish to have the same kind of results they get or even more depending on your strategy.

An online casino who's actually very reputable in LL their activities could actually make good and more money than a CEX that's newly introduced a d people are yet to know them well enough to build trust around them to secure their assets and same applies if you flip it the other way round so putting all these together an answer to your question it's dependent in the relativity in the activities a d reputation of these business.

Yes casinos are profitable but they have a certain profit margin that can be limited. For instance, if you check the listed online casinos that have stocks and publish all their data because they're public companies, you'll see that many of them are even losing money. Many casinos in the past had to shut down or be completely bought out.

Very few casinos can actually find the correct formula to keep running with more profits than losses. And especially in countries where gambling casinos have to be licensed and taxed the profit margins are especially thin. One of the reasons that casinos spend tons on promotion and sponsorships is because if they were to keep all of that money it would get taxed with very big margins. So it makes sense that they'd rather spend on growth other than giving all of their revenues to a government. So even the big casinos that are actually profitable are limited by this.

Very few find a way to make huge profits and keep them all. Not that these don't exist, but not so many. It either happens through some sort of corruption for the "licensed" casinos or by being one of the handful very successful casinos that operate offshore.

They are profitable but to make them work you need a good initial investment and good management. It's not an easy thing to do, otherwise any moron could make money with one.

It is a very competitive space and making a niche for yourself is not easy. However, if you manage to launch a casino and attract regular customers, you have a cash cow. Just look at how important they have been in the history of bitcoin and this forum.

Casino is an uncertain business because you can't predict when high roller and gambling addict will gamble on your casino, you might earn really high this month, but next month you could be in loss.

While banks and centralized exchanges are looking for long term prospect because they didn't make a lot in the beginning, instead they will make money after a lot people use their service.

Gojo Satoru mentioned.

https://i.postimg.cc/SNcnz4QR/gojo.jpg

both are something different. if it is related to profits, then based on the profits obtained, both of them will probably feel satisfied with their business.
The exchange makes a profit from every transaction made. whether it's trading or withdrawals they charge a fee. that's the advantage of the exchange.
whereas when you look at how the casino makes a profit. it is also related to the loss of the user. The more users lose, the bigger their profits will be. but if it continues like that, then players will leave the casino.

regarding the capital required. Both businesses require large capital for operations. Business people must create a good strategy to keep their users around and of course by bringing in new users. that's how they maintain their strength to stay in business.

        -      Yes, the crypto online casino is profitable for its owners, but if it is for gamblers, it is profitable for those who are lucky to gamble. because online casinos are open everyday, most gamblers still lose in the end.

It is very difficult to be profitable in an online casino if you are only a player or a gambler, unless you know how to commit gambling fraud.

if you know how to market this business then indeed this is the perfect business and truly profitable but never forget the competition because that will bring you down for sure.



you need not to completely interact in this forum instead your team and your advertiser must do all those things(and you as owner will look into that completely and carefully)


that is correct , there are millions if not billions around the world that you are targeting but also admit that you will be the one who will take foods from people's table .

Casino platforms are definitely ahead of other financial trading platforms when it comes to quick profits. Especially casino companies that have already gained a reputation in the market, their income is much higher than any other normal business. When the market starts falling on the trading platform, the trading volume decreases. Furthermore, we have seen during the pandemic that online casino establishments made more money even when all establishments were closed. At that time Casino platforms created a revolution. A big advantage of profiting on this platform is that the house is always in profit. Casinos get profit from every bet.

It's impossible to say really, are we talking about profit margins, the amount of turnover or total profits? Many casinos are private businesses and are able to disguise their profits by keeping it within the business. That being said, you can see from the earnings of the CEO of bet365 that they make substantial amounts. I'm not sure how that compares to eBay or steam marketplace. They'll have fairly low amount of outgoings, after the cover staff, security, development and reoccurring technology fees. They'll definitely be high up there in profitability.

That's a big question right there.
IMO, they are both a profitable industry, CEX and Gambling. But if we try to weigh what is better then the numbers will be difficult to get. A thread was posted ago telling billions of money was being spent in one country in a day in gambling but we don't know what currency is it. Still, that just means many people are gambling in today's era. While in trading it takes a while to learn the industry so most likely, traders could go slow at the start but could go big once they learn the rhythm of it.
In gambling, anyone could go big anytime and go slow when they learn more about gambling. So, I guess it's hard to tell which business could make more.

It is practically difficult to know which which digital business is most profitable as most of those business does not post their financial reports online but I'm sure casinos are not the most profitable. They take a lot of risk and can even run at loss unlike some digital business that the risk is less while the profit is high. 

Like few people have already suggested, I think crypto exchanges make more profits than casinos. There are many ways they earn money such as listing fees, IEO, trading fees,  withdrawal fees and others I may not know. So, exchanges should be among the most profitable as it just take them building the reputation and customer base then every other thing will be profits.

Any business is only as successful as you make it. You advertise it correctly, and grow your userbase, you're going to make money. You just launch a site and do nothing else, you're going to lose money. This is why you see sites like Stake.com everywhere and see smaller sites nowhere. Big brands are making their name heard. Do they make more money than the rest? Depends on how they have represented their own brand.

Although both are Online businesses, they are quite different types of businesses.
To compare about how much income you earn is quite difficult.

Online Casinos earn income from the percentage of bets they take from players and some profits from other games.
While the Exchange earns income from merchant transaction fees and other fees.

Comparison of Online Casino and Crypto Exchange Revenue Statistics
https://www.talkimg.com/images/2024/04/29/rGRMZ.png

From this data, Online Casinos are still superior by making a lot of money from the gambling business.
But the Exchange is also growing rapidly and this is still relatively new compared to casinos, it could be that the Exchange can be more.
Now, some Online casinos are also integrated with Crypto, making it easier to make deposits and withdrawals using cryptocurrencies.

[1] https://www.grandviewresearch.com/press-release/global-online-gambling-market
[2] https://www.investopedia.com/terms/p/profitmargin.asp
[3] https://insights.glassnode.com/the-week-onchain-week-20-2023/

If you can manage a business, whether it's an online or offline business, you can make a profit. Everything will depend on your ability to manage it so that everything you do will provide benefits. That's why you have to learn how to manage a business to develop the business to be bigger and provide bigger profits too. But everything cannot be achieved instantly because we have to work hard and smartly to achieve our targets.

All businesses must have these costs. If you can manage it well, you will have no difficulty growing the business into a big one.

Crypto exchange wins big here, they make money from every trades that their users do on the platform, that's a lot bigger than casinos winning and losing gains, exchanges make money from withdrawals too and they can initial thousands of withdrawals per day, and it also depends on how big the exchange is, some exchange have millions of users around the world.

Although both are very lucrative business, but exchanges will make more money than casinos anytime of any day, most casinos this days accept crypto, they have to, they know how biggest moneys are going into crypto investments, I bet that the biggest gamblers today are all using crypto for gambling.

Both have their pros and cons too and they are more similar, like anonymity, promotions and bonuses are available in online casinos and also crypto exchanges, while regulatory challenges and price volaitity is also available in both as their cons, since most transactions on online casinos are carried out in crypto currency.

Casinos are indeed profitable in general and they make millions/billions per year.


If you have any questions regarding operating a casino then I advise you to shoot your questions in the thread where I mentioned because one who are part of it can actually give you a better response than some generic reply of this or that and you need lot of money blah blah.

which one is more profitable? It all depends on the owner's ability to adapt everything that is needed in the business being run.
Many casinos went bankrupt as well as CEX went bankrupt, and that was because of wrong management, so what determines the profits of a business is management, if you are not someone who understands how to develop the business then hire the right people because without the right people, your business will eventually fail whether it is the casino or the exchange.
Exchanges are more difficult to license and can even close their services if they don't comply with the rules, whereas casino only needs to spend money to get a license, so in my opinion it is easier to open a casino than an exchange but which one is more profitable all depends on the development.

I don't think that online casinos are the most profitable digital business, because to build and operate an online casino requires a lot of money, and I think several million dollars are needed to build such a business with quite high risks. Moreover, there are still several digital business models that generate higher profits compared to online casinos, such as exchange, e-commerce, software as a service, etc.
However, we need to admit that online casinos are a digital business that is currently growing with a fairly high average net income. So many people think that this is the most profitable digital business, even though it is in line with the risks and competition in the casino world which is quite unhealthy.

Anything called digital and that has a presence online will surely have the tasks you listed above as obligations/liabilities they will have to take care of or will always be taking care of as the case may be. Without mincing words, what might be confusing you or obstructing your judgemental sense is the pace at which casinos and sportsbooks are flooding everywhere and opening their shops easily. But do not forget the fact that the ease of doing business doesn't translate to the amount possible to be made in that business. Casinos may start today and before you know it, it will all be done with huge success by investing a small amount and a little effort, which is why many prefer it.

The establishment and the making of money are easier, which includes the running, licencing and regulations. But it is stricter, more tasking and more demanding when dealing with the financial market like the banks, brokerage houses and Exchanges.

Regardless, the profits in the latter are way more than the profits in the casino businesses. However, the size of the establishment matters as well. When they are of the maximum capacity in either field, I will always go for the banks, brokerage houses and exchanges in this regard, they are making money in Billions of dollars yearly and even the CEOs and co-founders are easy billionaires. That can't always be said of online casinos, unless the casinos are just an exception, they are not common.

It might seem from this forum that casinos are very lucrative business to run and indeed they are but they are not without their problems. The major casinos out there has to work years behind them to set up their name and brands.

Addicted players will visit the casino every day but there will always be people who will still be able to win a big one and then not play again.

There are different business with difference in prospects. Choose the one that works for you not the one that seems to be best.

Bro what did you write? I am not getting your hypothesis. Are you saying that online casinos are more profitable than crypto exchanges in your hypothesis? Well, no one make a categorical statement there are too many dependent variables like environment, regulation, competition, the market. Exchanges go bankrupt. Casinsos also go bankrupt we have read about this happening over again. Both of these businesses are profitable and in my estimation, one is not more profitable than the other.

Online casinos and betting sports are indeed some of the most profitable businesses one could find on the internet, I don't have any doubt about it. Though I am not sure whether they are at the top of the pyramid when comes to profitability and liquidity. There are businesses which have nothing to do with gambling or betting on sports and yet they have managed to reach legend status and gone public in the stock Market of the United States.

Amazon was initially an online store for books and started to slowly evolve into a store for all kind of products. And I believe Amazon is bigger than most or all casinos one can find on the gambling market within internet.

At the pace the industry continues to evolve and grow, I would not be surprised some casino managed to overcome some blue chip companies in the stock market, but as stands for now, it is not the rule of the market.

Yes mate, that's what my hypothesis is trying to convey. And for the variables as you had pointed out I agree they are all common to both casino's and exchanges, but despite that it's very unlikely that one among the two may not be making much profit than the other. Now, there is an abstract variable you didn't put into consideration concerning casinos which I am quite sure we won't find that with exchanges, and that is addiction.

It is this phenomenon called addiction in gamble that makes larger profits for casinos  irrespective of any dependent variables it doesn't affect this phenomenon. We have have had how a single gambling addict lose millions in a day and all of that money goes to the casino while for a trader it's just a percentage trading fee that goes to the exchanger if a trader lose a trade amounting to millions and not the total money lost to trade. Please read this. (https://www.giornaledibrescia.it/cronaca/gratta-e-vinci-per-368mila-euro-in-strada-il-flash-mob-per-sensibilizzare-sulla-ludopatia-lrkixlzv)

I think the most profitable business on the internet today is Ecommerce since all of the needs of a person is easily find there and the competition among the other businesses is quite good and almost all businesses need to keep up with the innovation of their business so that they are not left behind, while online casinos are still profitable but not in the top list because not all people are engaging in online casino, Some of them are doing gambling but half of the population growth of gamblers are still doing the traditional gambling.

They are one of the most profitable businesses online. Still, the industry also has a stiff business, it's getting better each year and the competition is getting stiffer every year.

Casinos sponsor big events and we see big personalities betting on these online casinos and we see new players in the online casinos coming almost every week challenging big players and wanting to take a slice of the bi pie

Based on this statistic

Online Gambling - Worldwide Statistics (https://www.statista.com/outlook/amo/online-gambling/worldwide)

Sure, it makes sense still an important percentage of gamblers continue to wager their money in traditional casinos which have their physical headquarters in both big cities and far away towns in the jungle. Actually, if most gamblers exclusively wagered their money on online casinos instead of traditional casinos, then the brick-and-mortar places would not be as profitable as they continue to be to this day.
Perhaps, they continue to hold a good slice of the market because many of the people who are gamblers nowadays started wagering their money on those places and their sense of comfort zone is too big for them to venture into the unknown, deal with cryptocurrency, have wallets and deposit satoshis to a service they had never used before.

When comes to E-commerce, I kind of agree. Not all people are gamblers but all people have needs which can be satisfied through the ease E-commerce provides for the purchase and selling of goods and products. It is about having a bigger base of potential clients.

The online crypto casino business is highly competitive, which reduces the profit margins significantly.
Imagine having 10 crypto casinos instead of 1000 crypto casinos. The profit margins generated by 10 crypto casinos would be 100 times higher than the tiny profit margins generated by 1000 crypto casinos. That's how capitalism works. The capitalists are investing in the industries with higher profits, which eventually drives the profits down. I don't know which one is the most profitable online business, but the online casinos definitely aren't Number 1. Online gambling might be at the top 3 most profitable online businesses, because the online casinos have various tricks of legally taking away funds from their customers. ;D

Gambling is inherent in human beings, in fact, physical casinos can support a country's economy, now that we have online casinos that make it easy for people to gamble this is the reason all statistics point to online gambling as one of the most profitable ventures online.

Big players in online casinos spend millions on sponsorships and big events like the World Cup and main events in boxing and UFC and they pay a lot of money to market their platform and new casinos are coming in and launching, where the money is the business people will follow it.

Online casinos are here to stay because they have a huge market to serve and they serve man's basic desires to enjoy and make profit.

You are right about percentages, but I think that the volume is what matters most here. The calculation is difficult because we can't compare Binance with a small online casino and the same happens the other way because we can't compare small exchanges with gigantic casinos like 888. In the range between the smallest exchanges or casinos and the biggest ones there might be differences (medium online casinos may be more profitable than medium exchanges, but small exchanges may win in comparison to small casinos).

So I don't think there is an answer that fits for every case. The OP asks a question that oversimplifies reality.



That's it.

The gambling business is indeed quite profitable, but this is balanced with the risks involved. Because like any other business, there is a risk of experiencing losses. and if you invest quite a large amount of money in the gambling industry, for example to carry out marketing promotions, if in reality the marketing promotion carried out is not effective enough to attract visitors, then this can result in significant financial losses.

And not to mention several other consequences that you have to accept, one of which is that you will get a bad reputation and stigma from some people. This is because many people have a bad view of gambling, this could affect the reputation of your business, and you will lose a lot of support from several parties. And this is the reason why, as people who are involved in the gambling business, some of them always use pseudonyms.

I like to believe that top casinos do, compared to CEX exchanges where they get commissions on fees, the casinos are beating players and high rollers and they yield millions, see the comparison of the number of exchanges compared to the number of casinos.
Entrepreneurs know where they are going to put their money and it's where people are intentionally putting all their money at risk which is the casinos, the figures online can't lie, the online gambling industry is a multi-billion industry and it keeps growing by profit and by users.

Gambling business is a very profitable business, I believe that's why many online casinos are showing up almost every week now, same as crypto exchange and it's way more harder to run a crypto exchange online than running a online casinos.

How many cases of hackers running after a online casino? But it is very common among online crypto exchanges, thats why exchange CEOs always spend more money on the security level of their exchanges.

To run a online casino you need few people but to run a crypto exchange you will need a lot of workers, it is very hard to monitor among few people for many reasons, I think crypto exchanges generate more money than online casinos, I could be wrong but I have been around for long to know this.

If I had the capital to invest in a online casino, a casino would be one of the last options I'd open, however, it's still a highly profitable business with good capital turnover, however, this market is huge and as others have mentioned here, if you don't have a good marketing strategy, minimize advertising costs and all other costs as much as possible, maximize profits by working with good game providers and offer attractive welcome, 1st or 2st deposit bonus to new customers without losing capital and still make more profit on top of it, this is certainly a challenging task, although financially tempting.

Nice mate!

I wouldn't put them in the same row at all.

Crypto exchanges, of course, require serious investments and technical knowledge to run and maintain. They are platforms for trading cryptocurrencies and require strict regulation and security. But on the other hand, cryptocurrencies, although they have their own characteristics and risks, still do not require such large-scale investments and technical skills. They can be launched faster and at a lower cost.

However, do not forget about the legal aspects. Crypto exchanges are often subject to strict government regulation, which requires compliance with legislation and regulations. While cryptocurrencies, depending on the jurisdiction, may be in a gray area or be completely banned. It happens.

Another important aspect is public opinion, it is different. Crypto exchanges are often associated with financial markets and investments, which can cause more trust among users. While cryptocurrencies can be associated with gambling and risky transactions, which may alienate some people. At the same time, attract old gamblers.

Online and crypto casinos can indeed be lucrative businesses, as they have the potential to reach a global audience and operate with relatively low overhead costs compared to traditional brick-and-mortar casinos. Additionally, the rise of cryptocurrencies has introduced new opportunities for both operators and players, offering faster transactions, increased privacy, and potentially lower fees. However, profitability can vary depending on various factors such as regulatory compliance, competition, market demand, and effective marketing strategies. While online and crypto casinos can be profitable, they also face risks such as regulatory changes, security concerns, and fluctuating market conditions.

I think casinos works the same? Because if there are losers, there will also be winners and maybe the only way for the casinos to earn a profit is through house edge. The percent of it can vary depending on the games. There are also lots of exchanges because cryptos popularity are still continuously growing but maybe it's only easy to create a casino and it can run immediately even without a license.

Even though a casino is known to be a profitable business and many entrepreneurs ventures it, many are also/still unlucky. There are still lots of services where people can avail and they are also being ventured by the entrepreneurs.

E-commerce is a good business and we can say that it is now the trend, and you can have a big chance here to make big profit especially if you are able to introduce a new online services that can attract more users and investors as well. This sounds good but yeah this will require a lot of work or even a big capital in order for you to successfully operate. Better to have a good team to discuss this matter and think for every possibilities and challenges along the way.

It could be, gambling whether online or offline, is already a billion dollar business.

You just have to look at this forum and see that there are casinos born maybe every month as a business to at least get a piece of that big pie, just a slice and it will be more than enough to make money.

As compare to let's say a crypto exchange, there could be traders around, but it takes skills and technical know how just to make a decent money. Unlike in gambling wherein, some individual from Asia to Africa started to create an account to a online casino and then deposit crypto and starts to play, easy like that and then you have one customer, one potential customer that can get addicted.

In my opinion it's already a very saturated niche of the market. There are many entrepreneurs investing a lot on their self owned betting platforms, although I don't think there is going to be enough demand for all their services. What happens is that these businessmen focus on the success few top companies are having these days and expect their businesses to achieve the same success and popularity. In the end, it doesn't happen, because the tendency is that the consolidated companies remain on the top, while all the others will compete among themselves for low traffic of gamblers and low volume of bets.

What gambling websites and what digital banks and exchanges you are using to make the comparison? You can compare the largest betting platforms to average digital banks and exchanges, so we will conclude the gambling portals are more profitable, although if you compare the average virtual casino to the biggest digital banks and exchanges, we are going to have the opposite result... Both can highly profitable, but it will depend on how large and influent your business is.

While casinos can without a doubt reach a larger audience, as anyone can understand the rules of their preferred games in a matter of minutes, at the same time I think the money that goes into exchanges is many times higher, and this is because most gamblers are indeed responsible, so they only bet a small amount of their income, however traders use a great part of their wealth when trading, so even if there are less people using exchanges, they bring way more money with them.

All peoples in around the world don't have the same ideas and skills at all the sector because some of the peoples here earning a lot from the online casino and some of peoples making world largest and biggest exchanges here. So it is also very difficult to say for me which sector is more profitable cex, casino or the digital banks.
But for me casino business is more complicated maintenance and I think not all people can handle the difficulties in this business but for cex I think it is much easier management here and large people are also attached with so may be they make more profit from the casinos as we can see already Binance.

Casino go bankrupt easily if not well managed. Paying winners huge amount of money everyday is not simple. The house also takes care of staff, security, developers and all of it. That's why they tend to milk lots of gamblers by offering a slim housing edge. Cex on the other hand is not easy to maintain, because of the fluctuating prices of cryptocurrencies, they could get into trouble as well. Looking at the business world, every platform that solves a problem is capable of being profitable. Can't say for sure if casinos make more money than exchanges. What matters is the number of users, regardless of the niche. A casino with lesser users wouldn't get compared to a cex with lots of traders.

No business that doesn't harness a downside what is most crucial is being able to manage and maintain the platform. Humans are too numerous, and demands lots of products. Some do want multiple things, not like gamblers wouldn't use cex and vice versa. If a person is looking to start up such business he is meant to begin with what he's able to run or manage. Online casino costs lots of money to get licensed and build. Therefore, paying those players, the casino has to stay prepared financially not to go bankrupt. Don't know of online casinos that have gone bankrupt but offline casinos have such problems often times. There is an increasingly number of online users, making online casino profitable to run. Yet it doesn't make it less risky to manage. It's all about determination.

No doubt exchanges has an edge compared to online casinos if we are talking about profitability correct me if I'm wrong. It is because investors are pouring millions of their money in exchanges than in an online casino platforms. Though this is only based on my own observation because I myself even poured almost 100% of my money on exchanges rather than spending it all or even a portion recently to an online casino.

I may not agree with the opinion about comparing the number of traders and gamblers, the number of registered trader users on Binance is already 190 million users and relatively they are active traders, the number of global traders would be higher if we knew the actual data, but you said the facts about relative traders use larger funds for trading than using them for gambling, some of them only use the lowest limit of funds for gambling because the ratio of gambling losses is higher than making profits, they say it is difficult to recover losses from gambling so they choose to use high funds on traders because there is an opportunity to recover losses on other coin trades.

Both casinos and exchanges are profitable digital businesses; in fact, I don't know which among them is more profitable, but judging from how famous they are and the amount exchanges charge for fees, I can say that they are the ones topping the market because they make millions from trading fees, along with adding the ones from withdrawals, frozen accounts, liquidated trades, and the rest of them. 
 
No doubt casinos are making a profit too, which is very large, but I still don't think they are any way close to what exchanges are making, although all casinos and exchanges are making different profits based on the amount of audience they have.

It may look like a profitable business but there are downsides like large investment for a bankroll, fierce competition, risk involved in being hacked, data protection requirements and all that.
You're looking at a business by comparing margins and see that casinos earn a lot so they must make a lot, but they have to constantly advertise, pay celebrities to endorse, hire streamers.
I think that making a successful shitcoin that people will kill themselves for like they did with NFTs 3 years ago is much more profitable.

Depends on what casino you'll compare to what exchange. IMO the average crypto casino earns less than coinbase or binance because they made millions from listing fees.

It also depends on how regulated each government is for online casinos or exchanges,
they also need to pay taxes for the services they provide, so there are no restrictions.

It is likely that exchanges do make more money than online casinos.
This is because the exchange industry is much larger and global, and they have a variety of stable sources of income.

But some of the online casinos that are quite popular are getting a steady income as well because they already have regular customers who are constantly playing as well as some new players who are starting to come in.

Some time ago I remember researching a bit about this. It was not about the digital world, but it's basically the same.

Basically, there are three levels of expense. The first level is let's say a normal life, where you have rent, food, bills, etc. That is let's say X amount of money.

Then you have things like drugs, alcohol, prostitution, etc. All the vices that you can "consume" in a way. These were roughly speaking an order of magnitude higher, so 10X.

And then gambling appeared. The thing with gambling is that you can spend a huge amount of money in a tiny amount of time. Gambling spending was about 2 orders of magnitude higher than normal spending, so about 100X.

If you think about it, it makes sense... you can only drink a certain amount of beers a day, which would be expensive, but has a limit. With gambling, you can go all in and lose all your money in a single day.

Since online businesses don't declare their revenue publicly, it's difficult to tell, but from a general point of view and an understanding of how different platforms and services work and how they earn money, I believe exchanges and casinos will be the top two businesses with most revenue among online businesses. We might think that casinos earn a lot of money, but we can't ignore the fact that centralized exchanges earn a hefty amount as well since they provide a lot of services and they earn money on each service they provide.

I think if a casino and a centralized exchange have the same level of user base, they might earn about the same because if a casino earns money from house edge, an exchange earns from trading fees, if a casino gets money when a player loses, an exchange earns as well when a trader gets liquidated, and if a casino has to pay the winners, an exchange has to pay those who earn profit on futures trading.

Have an online casino needs to have much money because the big expenses the owner must thinks is for promotion their casino. Pay for advertising is something that they must do to develop and grows their casino to a bigger one and that needs big money to start. They can't do it with half because their needs to compete with the other casinos which is doing the same thing to grow their business.

E-commerce business is also the same thing because if that's a business, the owner must promotes his site to gets the customers. Many expenses that the owner must pay but if they can do it with right, they will gets the profit and can runs their business and grows better. So the owner must serious to work with his business and always ready with critic or suggestion from other people to grows his business.

I do agree that exchanges are a bigger profit makers, but they also have a certain amount of saturated market, whereas in the casino world you could niche it as much as you want. In an exchange, you can't just pick a niche part of exchange and be better at that, but when you are talking about something like a casino, you could go niche of niche. For example, you want to start a sportsbook right?

Well there are a million of them, but sportsbook is one part of a casino and not the whole thing, so you already picked a smaller version. So, what do you do? You go even more niche, you pick esports alone, so you become an esports betting sportsbook. There are a lot of those? Well then you just pick a game, lets say Fortnite or whatever kids are playing. So, you become a fortnight esports sportsbook. See how much niche that become? Then you can get all the people who gamble in that game.

You'll be suprised to know how much those one casino business  generate annually if they happen to declear their revenue i don't know if I'll say owners of gambling companies makes more money than the Crypto exchanges but im pretty sure those two are among the top 5 industrial in mordern time and owners of those business have made generational wealth for themselves the anount they made daily is mind blowing.

 Casinos earn a lot daily about 80% of people lose daily and their are people who spend most of their day gambling and chasing loses, well i might disagree that both the Casinos and exchanges have almost the same user base both come to think of it, i feel the risk in Casino could be more compared to that of those exchanges. Well many country have placed a ban on most exchanges but gambling is world wide.

I doubt. I don’t have a statistics to prove and perhaps they are very much some of the most profitable online businesses out there but, they are just a lot of them to look up than leaving the spot for online gambling platforms.

Take a look at the communication sector for an example, am not limiting these to the various apps that exists out there but the service providers as well. These guys gets turn over for everything you do eventually. So long as you need to get online, even for the purpose of accessing them online gambling platforms, you need the services of them service providers to do that.

Don’t forget, it’s a win and lose with gambling where, gamblers are paid with outer gamblers money in most cases and the profits are utilized as applies, that’s to say, some money do go out too. It’s not all loses and loses.

I don't think If there had been a more profitable business than real estate and professional services but while you compares between digital banking and the CEX, I think online or Crypto casino would take the lead because the online casino is factorized that it is not limited to restrict certain persons as regional sentiments.
Besides the online casino is not based at a physical location, so it can always be accessible for any interested persons anywhere anytime.

If the required resources such as campaigns and the media is setup for speculations of course yeah, there would be numerous gamblers willing to visit the casino sites to place their stakes at most of their conveniences.

Moreso, I support the motion that the online or Crypto casino is more profitable than others digital business in the sense that whatever fund lost by the gamblers totally belongs to the gambling company and it is agreed that gamblers looses more than they wins.

Banks Only relies on making profits through transaction fees and loans which the digital banks are limited to offer their to certain persons by restrictions and due to regional sentiments.
So obviously the online casinos do have more customers with strategies to retain their customers funds on the services of staking and loosing.

They could actually be a better digital business than the online casinos which I may not be aware of.

Online gambling casinos are definitely making a whole lots of money, but i honestly will not agree or assume that they are making more money than the big centralized exchanges and digital banks, reason being that, centralized exchanges and digital banks are making solid profit without almost risking nothing, I mean, they charge traders for every trade that is successfully carried out, whether it's a buy or sell, and they don't even wanna know if the trader has bought the coin before and at present time selling at a loss, they will take their charge regardless, and they also charge for coin withdrawal from the exchange.

Almost same with digital banks that charge customers for every transfer to other banks networks, and also charge customers for some in app payment services like paying for light bill, buying subscription for your TV, recharging your mobile phone and so on, this monies are made without the digital bank risking anything.

But the casinos risk losing money when ever a player wins a really huge amount of money, it's true they make the money back from other gamblers who are losing, but still, money taken out is a minus, not a plus.

Casino revenue is increasing steadily because the number of gamblers is increasing too, addiction rate is also increasing, more gamblers becoming in-disciplined just means these casino's earn more. Crypto and online casinos may be amongst the most profitable businesses online, but it is not the most profitable.

There are other examples of big businesses that are big benefactors from the digital space, E-commerce and E-commerce websites make massive profits too, maybe the most.

Well I think both field has the good benefit in terms of profit, especially now, many people are being interested and being influenced in online gambling, so that I think thats the reason why there are many new online casino are being add up because they can see the opportunity and the trend but of course the profit will be based on how will the online casino to be advertised and if they can satify the customers, meanwhile in exchange right now airdrops or tokens are being popular especially those exchange that is raising a project or testnet where new users could have a chance to get an airdrop by the exchange so that they could earn, with that marketing strategy right now I think exchanges will also have a good profit from it, thats what I have observed for a few weeks so I think both could be a good investment but of course always remember the risk.

Are online/crypto casinos the most profitable digital business?? Online and crypto casinos can be profitable digital businesses, but whether they are the most profitable depends on lot of factors, including market conditions, competition, regulatory environment, and the business model employed by the casino. Google answer like that.

But In my opinion most of the casino is highly profitable but if you had casino with a few games I don't think that gonna make you a profitable business after all in this industry you must pay the winner and your next question is
Do they make more profit than digital banks, CEX exchanges, etc.? I don't think so CEX exchange generate profit on every trade buy and sell even tho they charge 0.1% on every trade and they didn't pay penny to their user that why I consider CEX is highly profitable business

Not that I know of but it's definitely one of the top, there's an exchange and digital banking which I think is the most profitable digital business and probably e commerce. Only few gambling sites made it successful and I think most of the gambling sites is either losing or hard to earn due to competition a good example is in this forum, as you can see there's a lot of gambling sites from before that are not existing anymore and only few that are left which are pretty successful.

Well, now you made me think, and I just realized that Real Estate might be a massive one. For the government, that is.

In many countries you have to pay a massive amount of money just to be able to transfer the ownership of land.

If you think about it, it is really crazy, it is the same land, that keeps paying the government a lot of money, every time it changes hands, forever.

You are right because if casino can't compete with the other casinos, that casino will not have a chances to grows and they will disappears slowly. People will not playing gambling at that casino because that casino can not makes a new update or doesn't implements something that many people suggest to them. If the casino owner realizes about that, they must works hard and smart so they can compete with the other casinos and they will have many members that always playing gambling on their site. Having a casino can be profitable if the owner can implements many things, including gives the best services to their members so they must make sure that they works for their members and makes their members satisfy. It's not easy because the other casinos will also doing the same so the competitions on the gambling industry will be tight.

Trying to compare out on different industries on how much revenue they are making then this is something that cant be known since there would really be no showcasing about on how much they do earn on which this is something that private or as an owner then you wont really be tending to declare it out publicly but one things for sure that earnings of those gambling platforms or companies would really be that huge but of course it would really be just that depending on how known or popular they are because the more gamblers or players that they do have then the more money or profits that they could make and this is something that a basic thing to consider.

So what are the reasons on trying out to know their differences when it comes to earning or revenue of these businesses? Different markets/services would really be catering out different sets of people
on which their function would really be that different too. Doesnt matter on how much or big that they are making but one things for sure that they are really that indeed making serious money
and its not really that a shocking reality.

For me yes they're, you can't compare the online crypto casino gambling to the normal casino gambling. When it comes to Bitcoin it's a digital exchange it self, if you check very well most of the successful people are into crypto currency exchange and the rate of Bitcoin are more profitable compared to the online bank currency, so definitely the online crypto currency gambling are more better ever in every ways.

Online gambling is a digital profitable business all casinos are owned by the owners who operate their casino sites. If done right business oriented people can get good results from business regardless of their previous experience in the field. For those looking to start a business, there are small steps to follow. There are many casino sites online that are always trying to compete. In order to stay ahead of the competition casino sites need to be better and cryptocurrencies will greatly enhance the online gambling experience that will easily attract customers. It is the business owner's responsibility to ensure that their business is technologically active.

Online crypto casinos are yes profitable. You have heard the saying that, the house always wins, hence no matter how much is the bet, the casino always make money from all the single bet in the name of housedge. Yes what you need is a big investment and a great team at first. Many big businessman have money to invest, but they don’t know how to manage server and run casinos, hence they are unable to dive into this business. So yes crypto casinos do make tons of profits.

Each type of business has its advantages and disadvantages. Along with that, the cost for each type will be different. For traditional types of gambling businesses, the costs of premises, electricity, water, and staff are costs that are superior to those of online gambling businesses. However, for this type of online gambling business, there will be other operating costs related to the internet, website maintenance, design and maintenance costs of gambling apps. Besides, they must also have a team to prevent hacks in cyberspace, because all their money will be there. Therefore, sometimes these costs are not inferior to the costs that traditional types have to pay.

However, with the current development of technology, most traditional casino owners will build more online businesses because this customer base is not small. As for new casino owners, most will choose to build the online format mainly because of its advantages and more trendy. If the costs of maintaining and protecting assets in cyberspace can be optimized, I think that online gambling business can bring greater profits than traditional forms.

I agree to this honestly and I think they make more profits than digital banks this is why the competition between the banks has been in a higher range as they try to meet up with this said digital business but then crypto casinos should endeavors to cover a lot of lapses as pertaining how they run most casinos and to make sure cyber security is on a good check so as to keep away from scammers and hackers.

I wonder how it would be to run a casino. I'm sure that the day to day activities are not really about gambling, but probably more about banning people, and marketing to get new people.

I don't think they are constantly evolving, they just buy a few games and offer that. But maybe it depends on the casino.

I mean that definitely make things easier. When you have a mobile phone where you can gamble, by just laying on your couch, why would you want to dress up and go to some casino (plus most casinos are illegal in a lot of the nations so you can't even do it if you want to).

This is why a lot of people just gamble with whatever they can, and that is how they end up going with it, it just means that we are going to be lazy if given the option. It is what the technology provides, it makes things easier and in this situation we are getting a good easier solution to gambling as well. This is what all those super wealthy big casino owners are realizing and they are buying up a lot of online casinos to get bigger share of the market as well.

Exchanges are the ones that makes more profit than casinos. Whoever is using bitcoin or cryptocurrency needs an online exchange before he can convert his crypto to fiat and vice-versa. Exchanges have so many ways in which they generate profits from their users, and we cannot do without them since they link fiat to crypto. Online casinos are the next in profit after exchanges, because more people are involving in gambling daily, but we can still do without them, since we have offline based casino that is mostly used by the elderly ones. Casinos only gets their profit through customers losses and they also pay their winners through that.

Casinos were very important early on as at the time there were not many things you could do with your coins except gambling with them, however exchanges as you mention occupy a key position connecting the market of cryptocurrencies and fiat currencies, so anyone that wants to get in or out of this market has to use them, and this allows them to hold a monopoly on that regard which has allowed exchanges to accumulate huge profits in a short amount of time.

How do you know about it? Is there any valid specific researches or study about the comparison between online casino vs exchange about which one is more profitable?
I do agree that casino makes profit mostly from user's losses but these days casinos can make some innovations such their their own token, selling merchandises, etc.
We never know how much is the actual profit made by online casinos vs exchanges unless there is an audit from authorized party and the result is announced publicly, but I doubt that it is possible.

yeah, but that doesn't mean you can just throw 10k at a fullstack dev and expect them to shit the whole website with all its bells and whistles. As with all things, even in cookie0-cutter online casinos (sites with similar interface and shit) it takes an awful amount of time to get this thing done and going, even more worse if you're dealing with a dev team of a few dozen people which is the case for a couple of these reputable casinos on the market.

The real currency you're spending when you create a casino is not just money, it's the time, the effort, and the massive risk knowing the whole industry is stagnated as can be and there can just be a better platform than what you have right now, and you're not going to be able to do anything about it but cry as your regulars become their regulars.

Casinos are profitable when they are, but they harbor tons of risks that a beginner entrepreneur is advised to not go into the gambling industry for their first business venture.

It sounds that you are very rich already if you don't know what to do with your money but it's true that people like these will find them selves inside the casino playing a gambling. Casinos are built for entertainment, while exchanges are for business. Both has their own use cases, so I won't say that one is better or more in-demand than the other.

Online casinos are growing quickly on this era and so as the crypto exchanges because cryptos are also breaking out. Not that I'm discouraging anyone who also wants to get on the same field as a business owner but we must not get carried away because it is not easy as it looks like.

I think they're profitable, they wouldn't be here if it weren't the case right? Also, the maintenance is pretty much not that difficult, there's an AMA thread here about managing an online casino and there the OP talked about the pros and cons and the FAQs of running an online casino, it's a pretty good thread but I forgot the name of the thread and the OP but someone will definitely link it here, of that I'm sure.

Online casinos are absolutely profitable, they make money out of almost every single bet out there.

That's the whole point of them, they make money from that kind of thing.

Use Pareto Principle, which mean 20% are successful while 80% aren't.

You can see there are many successful casinos in this forum, but you didn't see if there are many new casinos that trying to build their reputation and offer many promotions, but they still can't earn the trust from the gamblers.

What works in other, doesn't mean it will works on you and vice versa.

Yeah, 20% of the companies make 80% of the revenue.

It's a normal thing to see in many areas in life. I don't think you can change that. It seems to be a normal thing in life.

For sure it is they will not come up with this business if they think its not profitable for them to operate this kind of business. But success will not always come up with those owners which build this kind of Business since marketing is important factor to make their casino became successful. Those people planning to build up some business like this should remember that there's a lot of competitors in this industry and they need to spend a lot of money to create something huge exposure so that they will stand out among their competitor to earn huge success.

If they don't have big budget for running this operation then I guess the same with other casino who already stop their operation then they might experience the same faith with them. To avoid such thing to happen then I guess its really better for them to be financially prepared for whatever they need to do to make their casino as successful running business in crypto casino industry.

You know some people think that running a casino is as cheap as they think even though it seems to be that much very lucrative but at least as CEO or co-founder they should be self funded before looking out to make profits, at the main time it's the way to attract audience is something to look about because when you gain no attention then your casino is less to be noticeable to used but, with self funded they can run so many advertisement and promotion to attract people into the casino especially also running a signature campaign is another cool way.

After which, the next is reputation and that comes when people keeps using the casino and has no bad records for their time being then people would start recommending their friends and relatives to use the casino just lot of people are doing here in this forum, when they request for a trusted casino you would see few people mentioning same casino that is to say that they had already been established over here.

If there are users out there which think running a casino is cheap then they could not be more mistaken about it, it was possibly true at one time that creating a casino may not have been that expensive, but this is not true anymore, now a casino requires experts on security to protect themselves and their customers from hackers, a marketing campaign to let people know that a new casino was created, bonuses and a huge casino bankroll to pay their customers, and all of that costs money, so it would not surprise me if a few million dollars were needed just to start a casino operation these days.

The thing is that it is expensive to start it, but once it is running, then the money is running towards you.

Sure, there are expenses, but that is nothing compared to the amount of money they make from gamblers

Another way to make money with casinos (in addition to casino signature campaigns that we participate in) is if you are a known influencer, you can partner to promote gamble games with your link, this way you either earn via referral or through stories with values and number of stores agreed with the company.

This is a rage here in brazil, it's usually even easier if the influencer is a woman, this way she uses her seductive beauty by filming parts of her body and then there are some stories promoting the platform LMAO

I think so too because most of the time, you don't even need to put in a lot of effort like what other online businesses do with their business, you can pay small ads in Google for your website promotion and you just watch people trickle in, trying this new website that's basically a barebone or generic type of gambling website and you'd still see profit, you don't even need to put in a lot of effort, do you think that Amazon would grow to this point if Bezos put the same effort you put in a gambling business? I don't think so.

Casinos are without a doubt a very profitable business, which is why we see new ones appear every single month, but it is highly unlikely for success to be immediate, and instead it may take months or even a year for a casino to begin to generate profits, and during all that time the casino needs to survive with the money it gathered from its investors, so it is not easy to get to that point in which a casino is generating a huge amount of money to their owners.

Of course casinos are very productive especially in countries and geographical regions where there are a majority of gamblers especially in locations where gambling isn't condemned and is fully legal. Gambling casinos are definitely a productive setup on the side of both the casino and the gamblers however gamblers on the other hand should avoid making gambling their full time job as it can turn out to be very unproductive instead of being productive.
Working as a staff at a traditional and regular casinos is Also a nice job especially in popular gambling locations. The fact is gambling is undoubtedly very popular and therefore the engagements in different parts of the world is very high but is relatively lower in regions where gambling is regarded as illegal by the government.

Certainly working in an cryptocasino, whether in the IT area as a technical support analyst and responsible for Marketing and SEO or even as a community manager, is a great way to enter this ecosystem professionally. Even though we already work (or would it be extra income?) participating in casino signature campaigns is quite exciting too. Because our posts, especially if they are old and useful, will have a better chance of attracting customers to the casino.

Here in my country, gambling is prohibited, but as long as it is an online casino (physical casinos are prohibited here) and regulated by the government, paying taxes (https://bitcointalk.org/index.php?topic=5489841.msg63839287#msg63839287), it can operate here, and has attracted more and more customers, especially sports betting. It's already becoming a trend here.

They pay is great to be honest and that's why they can afford to pay that because their revenue is great.

There's no market in the areas where gambling is restricted or mainly the online casinos. While it's a huge industry and I don't know how much it is already coming from the report last year alone in US which is $130B.

That means it's a very lucrative business and keeps on booming and while each country starts to have their own gaming/gambling business that are legalized by their government because tax is big so they oblige and support.

It is indeed a tricky business, because there is a lot of regulations around it.

But, if you manage to bring people in, and make sure no one hacks your casino, then it is a really lucrative business.

Most governments will want to have a slice of the pie as well, so many fees are just part of doing business.

Casinos make money, especially in economically depressed places. They generate tourists, jobs, and tax revenue for public services. This business model guarantees the house wins. Gambling is an issue. Everyone has heard of people losing their clothing, houses, and families. Most gamblers should enjoy themselves, not become professionals. A clever gambler recognizes the odds and plays for fun, not profit

Working in a casino? Yes, it's a legitimate job. Not everyone likes it. A fast-paced, long-hours atmosphere shows the best and worst of human nature. You handle people's dreams, hopes, and misery. A heavy show. Interesting: locations where gambling is outlawed or culturally taboo have fewer drawbacks. Social values matter as much as law

I would argue there are almost no professional gamblers.

In the sense that professional means you are getting paid to do something. That's where the term "go pro" comes from. Say a skater goes pro, that means they are paid to skate.

A gambler that dedicates all their time to gamble is not a professional gambler, because for most of them they end up paying to gamble. The opposite.

They are very profitable but not the only profitable digital business,cause there have been a rise in different digital business but online crypto casinos tend to top cause if their efficiency in various aspect whereby making it easier for for smooth and effective access to the sites and all that.
And they are more profitable cause of the wide range of users that gamble's online.

Although, as we know, the number of players is increasing every year, this does not mean that we will open our own casino and it is guaranteed to start making us a profit. This is a risky business in which spheres of influence can be divided and other pitfalls can be hidden that are absolutely not exposed to view. I know at least one person who tried to open a casino, but only got losses and lost a lot of money. Because after several months of work there was still no income. Here you need a large supply of money that will allow you to stay afloat for at least 1 year, and preferably 2, and this obviously requires a lot of money.

As you correctly noted, advertising is one of the main things for a casino, because it must be recognized, people must remember about it, and when the player comes home in boredom, he launches and places a bet. Many people imagine only the profits of this business, but they forget how many casinos have already collapsed as a business.

You are right, and according to this statement, unfortunately, most gamblers are not clever because you will barely find a lot of gamblers who are willing to understand that the odds are stacked against them and they should gamble for fun and not for profits, and those who don't understand this and go for profits will need to face negative consequences for their actions.

A clever gambler will always gamble responsibly, they will decide a time and a budget for their gambling activities and they will stick to it. They won't get greedy when they are winning, and they won't try to recover their losses when they are losing which makes them save a lot of money that they can possibly lose if they don't do these things.

I will say online casino is among profitable digital business, buy that does not mean they make more money than exchanges, digital banks. This casinos operate on people's psychology and we must also understand there are still majority who don't get involved.
In terms of profitability I would say we look at it from the angle of reputation,customer base and how frequent people visit. Because online business models depend on branding, there are still some online casino that people do not know about because they lack exposure or poor branding.
This is just a coin being tossed that must first be check specifically not in generalization.