Do these gambling sites make good money?

[supermine]

Gambling is one of the most profitable business but it may not be suitable for to own own casinos for some reasons,it has been in practice for centuries.Now the form of the casino just changed now we can get access from the place where we have been but it involves same risk in real world casinos so you are going to lose most of the time and the house is going to have more profits.
But the success of the site depends on how many people were playing there,if there are more people lot of money will be earned by them.

[emberbekas]

If this gambling sites don't make money, they shut down in no time. They can't just operate using money coming out from their pockets. Its not a good business if that's the case. That's why they pay a lot of money for advertising and public relations. They hire bloggers to review their site and provide feed back. Just look the the services section on how many signature campaigns are out there promoting gambling sites.

Yes, gambling site is profitable but it requires a good amount of money to start and make it popular. Advertisement is one of the best way that can't be ignored if a site want to increase the number of users to visit their sites. Gambling is a never ending business and if treated correctly, it will give a promising profits.

[markdario112616]

In general, Gambling sites do makes a good money. However, this depends on how'd you'll market your idea.

Is it worth it?
Well, if you OP is just a start up given that you are short in budget. This would be a challenge on your side, especially, when you are in the phase of building and creating this site. A lot of trial errors would surely be come in your way, and given the fact you need a nice set of laptop/s, desktop/s and etc.

Another challenge would be the competition itself, given that there are already numbers of well established game gambling site, the competition is quite tight. Marketing would also be costly if you really wanted to have a good traffic and etc. As a star-up, it can literally maxed out your budget simply in the marketing stage.

If in a smarter way, given the situation. Let's say OP can sell it to some companies in which, they could agree to a terms or teaming up to those who have the money to market your idea. OP will probably in a Win-win or Win-lose situation. Win-win situation given that OP and his possible partners succeeded, both will benefit. Win-lose situation given that OP will still be in the win situation given that he/she didn't spend money that much (compare to it's partners) and retain its site (Well, that will depends on the agreement that could be made by OP). *This is just an idea, I came up with but if there's something wrong with it, It would be my pleasure if you could point it, out. Not only for me, but for OP too (maybe)*

In the end, this industry has a strong foundation. This is worth a try, just don't expect too much.

[Indamuck]

And is it worth trying to recreate one? I would imagine it's already too saturated. Either way, I was mostly curious about how much these guys actually make (margin-wise). If anyone had some insight on this, I'd love to hear.

They do make a fair amount of profit but there is a lot of competition right now especially with online gambling because there isn't much barrier to entry.  It's much more difficult to open a real life casino compared to an online one for obvious reasons.  New online gambling sites have trust issues and problems building a playerbase.  Most of the games have a very small house edge so the house is operating on a very slim margin.

[btc-facebook]

Every business have their own luck.
When gambling combine with cryptocurrency as their transaction, it's become the seduction for themself to attract new gambler.
So as long as they have legit site and compacted community, I'm sure they able to earn more than they can expect !

[leowonderful]

They absolutely do, and the bigger ones like Nitrogensports and Fortunejack likely make quite a bit, as these sites have started large signature campaigns costing them thousands of dollars per week in the past for advertising purposes, and they still advertise on many crypto sites, which would take a good amount of money to do.

High betting volume on bigger sites plus house edge means they're raking in the money.

As for starting a new site, it'll be extremely difficult as there's just so many sites out there that aren't terribly active or receiving lots of traffic. You'd need to stand out one way or another, such as in games or support speed/site layout for a site to be successful. It's not impossible, but it's just difficult nowadays. You'd also need financing for a decent bankroll to begin, and there's been lots of discussion regarding how big your bankroll should be for a starting casino (there's no definitive number).

[el kaka22]

And is it worth trying to recreate one? I would imagine it's already too saturated. Either way, I was mostly curious about how much these guys actually make (margin-wise). If anyone had some insight on this, I'd love to hear.

Everyone thinks all these casinos are making millions of dollars worth of profit everyday but in reality those are just the big ones. I mean yeah of course primedice is making a killing on profits probably but do you think a website that no one heard also makes good profits ? No. They are one hack away from devastation.

Hence, if you look at primedice and see millions of dollars they are making and think "I should start one myself" than you are in for a bad time, it would require YEARS and insane amount of dollars to even become remotely trustworthy and get some wagers from anyone.

[kurian]

Of course they do. Not every single one of them. There are only few casinos out there which stayed for long. It is hard to gain trust among gamblers and you should have a big investment to run things smoothly. House always wins.

[mostkey]

And is it worth trying to recreate one? I would imagine it's already too saturated. Either way, I was mostly curious about how much these guys actually make (margin-wise). If anyone had some insight on this, I'd love to hear.

of course, gambling sites make a lot of money but unfortunately, we don't know how much money they can make unless the owner decided to tell us. but I don't think that the owner will tell us because it's a secret and only the owner that will know and nobody will know about how bigger the profit. maybe you can create a new gambling site with your money and let see how much money you can earn in monthly so you know how much profit that gambling site can earn.

Indeed, I also often want to run gambling sites because there are so many gambling sites that are famous for earning extraordinary income and I realize that gambling fans everywhere and will increase every year is an advantage to getting success in the future, but not easy in Current progress with many people who know first and make it especially in the seriousness of building it must be calculated by recruiting people and becoming a solid team, why not do things other than gambling? because I think in the world of gambling there is little chance of success with increasingly fierce competition, of course with more money spent.

[Finestream]

Of course they do. Not every single one of them. There are only few casinos out there which stayed for long. It is hard to gain trust among gamblers and you should have a big investment to run things smoothly. House always wins.

Yes for sure they do make a good money from the gamblers themselves.Gambling is something that you cannot remove from the people knowing its the all time favorite of the classics up to the present.And of course running a gambling site will also mean a good investment once it will gain the trust of the gamblers.

[Symphonized]

You topic's question is too vague. Which kind of gambling sites, do you have a preference? Some specific rulesets. Specific cryptos?
Give more information please.

[harizen]

And is it worth trying to recreate one? I would imagine it's already too saturated. Either way, I was mostly curious about how much these guys actually make (margin-wise). If anyone had some insight on this, I'd love to hear.

It will be worth trying to create one if you will put a hard dedication to do that. What I mean here?

- You will spend lots of money. When I say "lots" it means a "lots". No time for joke budget.
- You must have a big bankroll. Again no time for joke bankroll.
- You must hire a good and professional person to made up your team. IT'S A MUST.
- You will do anything just to make your site popular.

Generally it's all about money. How much would it cost? Just think of how much would you spend just for advertising. It needs to be aggressive and not just a simple and plain marketing. Do the math for other spendings.

[Diced90]

Crypto sports betting will be HUUUGGGEEE by the way

It hasn't scratched the surface and probably won't for a few years.

All this regulation in sports betting is not what everyone thinks, the betting sites get squeezed by the customers AND the government constantly. Either they have to make their games fit into certain rules, they need to pay more tax or they get fined.

The sportsbooks in legislated markets have to offer terrible lines because the cost involved in a regulated market with licensing and compliance staff, the crypto books will not have to deal with that if they aren't getting licensed. The hard part for crypto sportsbooks will be getting a long enough track record of never leaving a customer without being paid or always resolving problems....pokerstars did it in the US an cleaned up.

I agree with you that crypto betting will become increasingly more popular overtime because crypto has the scope to revolutionize all of the betting industries with crypto taking over as the adopted payment method.

[dupee419]

Big improvement on gambling sites, especially if we are talking about the crypto gambling sites here, I think the way they earn money within their customers are definitely unknown or private, but in my guess, I probably think that the percentage of what they are getting to their gamblers is huge, and at the same time being FAIR within their games.

[Janation]

Of course they do. Not every single one of them. There are only few casinos out there which stayed for long. It is hard to gain trust among gamblers and you should have a big investment to run things smoothly. House always wins.

Having a great trust is hard for a lot of gambling sites. As far as I know there are a lot of gambling sites on the internet but just a little of that huge total numbers are known because of the trust and the popularity to the gamblers.

For me, Gambling sites are earning a lot of money out of these cryptocurrency gamblers since they are still functional as it is. There are even a lot of campaigns still investing on advertising their sites makes it more proof that they are earning a lot of money.

[ethereumhunter]

building a gambling site is profitable because there are many people which want to play the games with money involved. they want to see how their luck will work with them and they can make money from the gambling games. but we don't know how much gambling site will earn the money unless we try to create a gambling site which will need a lot of money to start. it will more difficult to be a good gambling site because we need to build trust with the gambler and they will recommend the gambling site to their friends and more customer will come to the gambling site.

[mindrust]

And is it worth trying to recreate one? I would imagine it's already too saturated. Either way, I was mostly curious about how much these guys actually make (margin-wise). If anyone had some insight on this, I'd love to hear.

It is a serious job that I can tell. Not as easy as creating a wordpress blog. You'll need a solid security guy who fixes bugs for you and keeps stuff updated, an accountant and possibly a lawyer when people start to sue you for not being honest;) Losing money is never easy, some people just won't accept it.

You'll probably need a psychiatrist too to keep your mental health.

[Taskford]

Yes they do, they are many people that are addicted to gambling that is why these gambling sites shows up everywhere. Gambling sites owners know that most people want to earn some quick bucks so they give what people want. Gamblers on the other side just make those gambling sites rich because of their bad habit. Until they will be contented on what they earn and don't realize they are just throwing their money gambling sites won't stop to operate.

[swogerino]

The websites that do make a lot of money are the trusted ones. We have a lot of gambling casinos but only the major ones are making real money. The major ones are those who process payouts instantly and also the deposits, are trusted by the players , have a low house edge and a lot of beautiful graphical slot machines with even more addicting bonus games.

You need to have a lot of Bitcoins as initial capital to start this venture in order to be prepared to payout any whale who might happen to play in your casino. Don't worry even if you lose in the beginning as the house edge will set thing in your favour during the long run.

[carlfebz2]

And is it worth trying to recreate one? I would imagine it's already too saturated. Either way, I was mostly curious about how much these guys actually make (margin-wise). If anyone had some insight on this, I'd love to hear.

Creating a new gambling site isn't a bad idea but be sure that the game you would launch is somehow unique which it can possible get a piece of share of the entire gambling industry of crypto and yes,it might be saturated but still always a chance but if you would just stick into games like Dice/sports/casino games then its better not to proceed at all.If you do try to look up on the current competition in the market then it would really really be tough.