I work in the Crypto Gambling industry AMA

[DNL]

Just found it for which gambling site you work 

That's not a gambling site.

Tell me from the gambling house prospective, how much it cost to setup a proper crypto gambling site ?

Depends on what you wanna do. On the low end, you can start with like $10k, but ideally, you wanna have at least $100k+.
There is a lot of factors though as well as what experience you have.

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[jocker-poker1]

How viable and profitable is the industry. We know the pros, what are the cons.

[jocker-poker1]

And in addition to my previous, how is your enterprise coping with government taxes in your country of abode, assuming gambling is legal.

[DNL]

How viable and profitable is the industry. We know the pros, what are the cons.

I mean, it's obviously very profitable, but it all depends on perspective as well. You're not going to be Jeff Bezos rich from running a casino.
The main cons are that you're always looking out for exploits and fraud. The fraud part is usually less of a problem for crypto-only sites, but if you have cash deposits on your site the fraud is a huge problem.
The exploit part will always be a concern that you have to look out for. Most sites handle this part by having max withdrawals with manual approvement is needed.

And in addition to my previous, how is your enterprise coping with government taxes in your country of abode, assuming gambling is legal.

Banking within the gambling industry is the worst experience you will ever have. Paying taxes is of course easy, but the part of having bank accounts is an overall awful experience.

[Ucy]

Interesting you said gambling is evil. Yet you promote evil?
Have you obtained license to practice the gambling or has government not given license already? No rule on Safe Bet in the License or the government just permits you to practice the Evil?

What kind of gambling are you referring to by the way, Taking big risk on Bets or simply any kind of betting competition, games, events whether risky or not?
 
Do you think betting on lottery is gambling, and lottery is evil?

If we didn't do it, somebody else just would. At least we can do it slightly less evil than somebody else.
And yeah, we do have a license.

All betting. I think lotteries are even worse, just because the house edge on lotteries is so insanely high.

Well, what makes Betting games/competitions evil is how people use them and what they are meant for. Certain bettings are use for pooling funds togethers and distributing in larger chunks to lucky people. I guess you could reduce the odds of winning a lottery for loyal bettors, and there will be some degree of certainty in reaping rewards long-term and that will make lottery kinds of bets as useful as investing in Cryptocurrency for example.

It's important to eliminate abuse/misuse of bettings, and make them safe and beneficial for both customers and betting businesses. The businesses are actually providing a useful service and did nothing wrong if they benefit from the service they provide. I just hope they don't  benefit too much or take too much profits.
Maybe if we have a pure p2p betting platforms that won't be much of a problem.

[varvaraluzina37]

Cool! And How? I'm also thinking about cryptocurrency, but I don't know where to start.

[DNL]

Interesting you said gambling is evil. Yet you promote evil?
Have you obtained license to practice the gambling or has government not given license already? No rule on Safe Bet in the License or the government just permits you to practice the Evil?

What kind of gambling are you referring to by the way, Taking big risk on Bets or simply any kind of betting competition, games, events whether risky or not?
 
Do you think betting on lottery is gambling, and lottery is evil?

If we didn't do it, somebody else just would. At least we can do it slightly less evil than somebody else.
And yeah, we do have a license.

All betting. I think lotteries are even worse, just because the house edge on lotteries is so insanely high.

Well, what makes Betting games/competitions evil is how people use them and what they are meant for. Certain bettings are use for pooling funds togethers and distributing in larger chunks to lucky people. I guess you could reduce the odds of winning a lottery for loyal bettors, and there will be some degree of certainty in reaping rewards long-term and that will make lottery kinds of bets as useful as investing in Cryptocurrency for example.

It's important to eliminate abuse/misuse of bettings, and make them safe and beneficial for both customers and betting businesses. The businesses are actually providing a useful service and did nothing wrong if they benefit from the service they provide. I just hope they don't  benefit too much or take too much profits.
Maybe if we have a pure p2p betting platforms that won't be much of a problem.

The issue with gambling is that you will always lose in the long run. I don't believe you will ever make a model with no house edge etc.
There are already P2P betting platforms, but you're still charged a fee by the platform because they need to make money somehow. - If there is nobody making money on it(The people running the platform), then it just entices scam.