Honest gambling operators provide services in accordance with the requirements of the laws of the states, the residents of which they allow to gamble.
Sometimes people state that all online games including Blackjack are rigged by casinos. To tell the truth, there are such casinos that cheat on games to make profit. These casinos are called scams, to be more exact. But don’t be disappointed too easily. There are good casinos too. Actually, if you search for a gambling site, you will see only fair casinos that never rig or cheat. They don’t do it for the reason that they value their reputation.
Generally, any game can be rigged, but blackjack is the most vulnerable to this due to its complete randomness. Therefore, we’ll introduce several reasons why casinos don’t rig the cards at blackjack:
- Reputation. If a gambler notices rigging Blackjack or other game, everybody on the Internet will be aware of this too. So, the casino will have far less customers than before. Players will consider it a scam, and what is more, all the auditing authorities including eCOGRA will get the approval back.
- Penalty. First of all, if an online casino is accused of cheating, it gets a huge penalty. The amount of money that it has to pay is so big that it just isn’t worth it.
- Closing. This situation is unimprovable. The online casino will have to close the doors. Apparently, the owner will have to end up with the further gambling business too.
To conclude, online casinos would rather be fair and rich than close the whole business and lose everything. So, rigging Blackjack or other games is not profitable at all. Inversely, it is very risky. There is no single online casino that will take such a life-cost risk.
The answer to this question depends on your objective. If you want to play just for fun, yes, it works. You can deposit, play, sometimes get payouts back from the casino. Though I doubt that this is what you really wish for. For the reason that people usually come to online casinos to win some extra money (as if they didn’t enjoy the salary), it often works for them too. But it always happens that online casinos are in a better position.
How can online casino work for you?
No matter how much or little you play, deposit or bet at a single game, casino will win over you. Or another player, or another one. It depends on when you stop. No one clearly understands it, and even if so, doesn’t follow this recommendation. Online casinos say to play responsibly but gamblers keep spinning. And this is their biggest mistake.
The only way to beat the casino
The thing is that you can be the winner only when you stop at the right time during the game. Once you win a good amount, make a couple of spins and go out if there are no successful ones anymore. Only this way is possible to beat the casino and make it work for you.
Thus and only you will see how the online casino really works in terms of bringing profit. But don’t get too fascinated about it. Still, the casino needs to make profit for itself too. So, if you lose all the money on slots, you just lose and never get them back.
Choose the trusted casino
Besides, remember to test the casino for trustworthiness before you deposit. It’s actually a very significant move if you wish online casinos were fair and really paid you out. The info on how to distinguish the ‘right’ casino is on our website. Check it out and follow the recommendations.
Before we actually estimate the total revenue of online casinos, I would like to mention that no one can provide the real amount of money earned by casinos per month or per year. Besides, it depends on the casino reputation and popularity. Fair and customer-oriented online casinos probably make more money compared to the income of the small, less popular gambling sites.
Online casinos have expenses too
Like any other business, companies working in the online gambling industry have to buy services, pay ‘for rent’ and other fees. The highest expense of online casinos is game software providers. A well-reputed casino has at least three partnered softwares, each of them costs about $11,000 a month. In addition, they all take charges from the games when players use it. The monthly charge is about 15% per game.
Apart from the providers, online casinos need to pay for marketing and affiliate programs. It’s again estimated about $12,000 a month. Add to this other payments for hosting, security services, salary to the team and additional expenses. Totally it equals to approximately $25,000 – $30,000 a month.
Yearly revenue of online casinos
Let’s take an average revenue amount of the online gambling industry a year. It’s around $50 billion a year. Thus, about $4 billion each month. It would be simple just to divide the sum by the number of operating online casinos, which is about 4,000 online casinos on the whole Internet. We consider small and big popular casino sites.
Dividing it all, we get $1 million per casino. But as I’ve already mentioned, not every casino works at the fullest. So, there must be about 20% online casinos that make a real profit worth approximately a million dollars.
Presumably, an online casino makes $1,000,000 a month. This sum covers the fixed expenses of $30,000 and payout to players, let’s say it’s $150,000 a month. Saying again, I’m not sure which sums are correct. Anyway, online casinos result in about $800,000 a month, which is approximately $10 million a year.