You’ve heard stories of people who became millionaires through online casinos. Perhaps you read an article on how gambling stocks have been soaring in the past five years.
You would love to make money from the online gambling industry. But you’re not sure of how to go about it. In this article, we’ll break down the best ways to make money from iGaming. Intrigued? Let’s get started.
1. Play Casino Games Professionally
We know—it’s incredibly difficult to win money at gambling games. But guess what? There are people who make living playing games like blackjack, poker, and baccarat.
The secret is to choose a game and figure out how to become excellent at it. Now, excelling at games of luck like slots, roulette and bingo is easier said than done. However, it’s possible to win consistently in poker and blackjack.
With poker, luck can take you only too far. You need skills and experience to defeat your opponents at Texas Hold’em and Omaha regularly. With blackjack, your strategies determine your profitability.
With that in mind, you also need to choose a good online casino. Join one of the top 10 online casinos, according to spcasinos, for the best games, bonuses, fast payouts and quality customer service.
2. Start a Casino Affiliate Website
Affiliate marketing is one of the most lucrative ways to make money in 2023. Ever heard of Amazon affiliates? Basically, people find great products on Amazon. They list, review and rank these products on their personal blogs.
When people click through a marketer’s affiliate links and buy the same items on Amazon, the marketer gets paid. Casino affiliates work in the same way. You create a blog and market online casinos for pay.
Unlike playing slots and poker, the pay from affiliate marketing can be consistent. This is especially true if you attract a large audience on your website. You can review multiple casinos and games regularly. And every time people join your recommended casinos, you make money.
3. Launch a Blog for Casino Fans
An affiliate marketing website is great, but it’s not the only way you can make money from the website. You could start a website centered on any of the following topics:
- Casino news and updates
- Game reviews
- Educative Guides
- Online Courses
- Sharing Memes
Let’s say you create a blog for educating gamblers on how to maximize their profits. You can also create an email list to build a community of regular readers. Next, is to monetize your website.
For many bloggers, running adverts is the easiest way to monetize a website. Affiliate marketing comes second. Then there are other options like selling online courses and merchandise.
4. Stream on Twitch or YouTube
We admit—most people on Twitch are there to watch streams about popular video games: Fortnite, PUBG, CS: GO, Call of Duty, and League of Legends. Lately, however, there’s a growing demand for casino-related streams.
On Twitch, the top 20 casino channels have up to 100,000 subscribers and millions of views. On YouTube, the story is similar. Casino-inspired channels have tens of thousands of followers.
Why watch people stream slots and poker when you can play these games? One word: entertainment. Watching people go through ups and downs while playing popular slots can be exciting.
Imagine watching your favorite streamer playing high-stakes blackjack. In one moment, they could be winning hand after hand. Next, he or she loses $10,000 in one hand. It can be mind-blowing. That’s why Twitch and YouTube are growing so fast.
5. Trade Casino Stocks
Some people say there’s no difference between trading stocks and playing casino games. In truth, there’s a difference. With trading, you use data, charts, news and updates to make decisions.
Now, trading stocks isn’t an easy job. More than 80% of day traders lose money. As a result, the recommended way to make money from stocks is buy investing in the long term.
Essentially, you can conduct research to discover the most promising casino websites that are traded on the LSE, NYSE or Nasdaq. Next, buy the companies’ shares and hold them for months or years.
6. Create Free to Play Casino Apps
Remember Zynga? The company is shutting down, according to TechCrunch. Zynga was the company behind Zynga poker, Willy Wonka Casino pokies, Zynga bingo, Petville and many more.
Although Zynga closed down due to money issues, there are still many free to play poker apps out there making money. And that means you could also thrive in the industry.
Creating a casino app in 2023 is a lot easier than it was a decade ago. You need good coding skills. But then again, you can learn these skills within a couple of weeks on the Internet.
After you create your free-to-play app, the next is to market it. That way, you can have people to make money from, usually through adverts and microtransactions.
7. Work for Gambling Businesses
Another way to make consistent money from the iGaming industry is to seek employment from within. Think about it. There are tons of businesses linked to online gambling:
- Online casinos
- Software providers
- Website designers
- Digital Marketers
- Customer service providers
- Casino banking
With hundreds of online casinos opening up monthly, there are bound to be websites looking for employees. Usually, casinos need programmers, web designers, marketers, accountants, and managers the most.
However, you could also look for a business that specializes in your course. If you’re a programmer, you’ll find better jobs from software providers. Their main job is to program new slots and table games.
8. Launch an Online Casino
If you have the resources and know-how to run an online casino, you’ll do more than making a living. Successful online casinos generate hundreds of thousands of dollars yearly.
The problem, though, is figuring out how to thrive in this competitive sector. Also, as mentioned, you need resources. Gambling licenses cost tens of thousands of dollars. What’s more, you need to hire highly proficient people and work hard to create visibility for your business.