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.
Winning at online casinos highly depends on the bets that you place. This is important to bet wisely. It doesn’t work if you bet everything you’ve got. Yes, you can multiply the win, but equally fast you can lose it all. For this reason I want to give you some tips about how to bet at online casinos and benefit.
- Set money limits. The most useful way to bet wisely and save your budget is to limit it. When you have a certain available sum for a single game, you’ll probably waste it all, and the limit will stop you from betting more.
- Sort out the money amounts. Basically, it’s the same as the limits. There’s only one difference. You can place different limits on different games. For example, $400 is the limit for slots, and $430 is the limit for poker. As soon as you bet the slots limit out, quit the game and proceed to poker.
- Start at the lowest. No matter if you play a table game or a typical slot. Start with the lowest bet possible. You have to understand the game and analyze the gameplay. When you know how the bets are placed, or if it’s live, how other players bet, you can gradually increase the bet.
- Watch the gameplay. Every casino game result depends on your luck. But not only your luck decides what will be further. The randomizer gives out the symbols or playing cards. If you’ve noticed, sometimes randomizers are too generous for money. Take this advantage and raise your bet during repetitive wins. However, when they cease and you start losing, lower the bet or even quit the game. The constant one-by-one losses can damage your budget.
Remember these simple tips if you want to win at the online games. And keep in mind that the Bet Max button is there only for risky high-rollers or not very smart people. Betting is the key for a good fortune, use it with wits.
Red Stag is an American online casino but it can accept players from other countries too. The casino offers to play many table games and slots. And it has a phenomenal welcome package of $2500. As for the banking options, it accepts even bitcoins. However, not every method is dedicated to withdrawal. As a rule, there are more deposit options which are also faster than payouts. In fact, Red Stag swears the payout takes up to 3 days to process. However, let’s take a closer look at these options and time of their transfer.
- Bank cards. Mastercard or Visa are the most popular options. They accept only deposits and take no fees by Red Stag. As for the waiting time, all deposits are made instantly including the credit cards or debit.
- Prepaid cards. Deposits only. They include Neosurf, PaySafeCard. The prepaid cards usually need some time for processing, like 1-2 days.
- E-wallets. Skrill and Neteller are the fastest deposit and payout options in the list. They take almost no time to transfer. The maximum waiting period is 24 hours, but you’ll get the payment in less time, for sure.
- Sofort. It’s a payment system leading in Europe. The service is intended for deposits only. It takes a maximum 4 days for processing. However, it may be instant too. It all depends on the load traffic of requests and security checks.
- Bitcoin options. Red Stag offers several bitcoin systems: Litecoin, Bitcoin, and Bitcoin Cash. They are applied for withdrawals and deposits. As a rule, bitcoin’s system is one of the fastest. Up to 12 hours is the transferring period.
- Cheque. It’s for withdrawals only. Casino delivers a cheque to you. This is the longest option of all, but some people like it. It takes 5-7 days to transfer the winnings.
Above I’ve mentioned only the average transferring time for withdrawals and deposits by Red Stag. Of, course, the actual time depends on other reasons too. For example, the online casino security service might need to verify your account and ask for some docs from you. After everything is confirmed, they will start the process of requesting at the payout option that you’ve chosen. That is why it takes so long. But don’t be annoyed, keep doing your things and the money will come.
Recommendations for winning at a casino.
Everyone dreams about easy money. That is why the online casinos, million dollar Jackpots and impressive bonuses were created initially. However, you can hardly win a big sum unless you’re the luckiest guy in the world. So, what to do and how to win those desired millions if your hand is not lucky enough? I will tell you some recommendations. Please, take it seriously and use them wisely. Otherwise, they won’t make sense.
First of all, the gambler must be confident in the gambling site. Make sure it is trusted and really pays out. If you feel confused at this point, refer to our list of top trusted online casinos in the whole New Zealand.
Secondly, when you joined the real casino and managed to give it a couple of money losing spins, go back to the lobby. You should find the game having the highest return to player. For your information, the RTP is considered high if it’s over 95%. Where to find the RTP number? Basically, in the game rules.
- A hint. You can make a wiser step and just find a list of all games RTP at your online casino. Usually, they place the document right on the website. Check the list and find the game with 99% RTP. In general, such games are table, like poker, blackjack or the old baccarat.
After you find the game, you need to practice it in free mode. No matter if you are a gambler with 20 years experience or a newbie in this game, you have to know the rules and how it behaves in practice. If you feel you have practiced enough, you can finally make a deposit and play for your money.
Play responsibly and don’t get addicted. If you have a feeling that something goes wrong, quit the game and complete it the next time. Surely, later you will have a cool head and easy hands.
Tips for jackpot
Finally, you can play progressive Jackpots from time to time. It’s always a sudden surprise to hit a Jackpot. Remember some tips for Jackpot and don’t get fully involved in gambling.
- Spin Jackpot in the evening or at night. This time more players spin the big sum game. It means that one of these spins can be yours.
- Don’t bet too much for a spin. It will not serve you well. If you hit the Jackpot, you’ll win the Jackpot money.
- Play at the limited Jackpot games. In other words, daily or monthly ones. They are more likely to hit very soon, especially by the end of the period because it hasn’t been hit yet (if so).