The online sports betting industry is getting bigger every year which has led to a boom in online gambling websites. In fact, the global sports betting market will reach $155.49 billion by the year 2024 with a CAGR of 8.83%. Furthermore, in the United States, the sports betting industry is especially thriving because of the 2018 decision by the Supreme Court to overturn the PASAP act. Thus, new gambling websites are popping up all over the world and Bookie Pay Per Head providers are changing the game.
This is because in the past, opening an online bookie website was a risky and expensive endeavor. The cost for an off-the-shelf sports betting software alone would range between $350,000 to $500,000 dollars. In addition, they would also need to create a solid infrastructure and hire a staff of gambling professionals. Needless to say, to become a legal online bookie, an individual or company would need a lot of starting capital.
However, today is a different story because of the inception of the Bookie Pay Per Head Solution. A Bookie Pay Per Head or Pay Per Head is comparable to leasing a fully functional gambling company for your own use. The difference is that you use their infrastructure, gambling software and support staff to create your own brand.
Changing Online Gambling by Offering a Cost Effective Solution
Starting an online gambling website with a Bookie Pay Per Head is the most cost efficient method on the market. In fact, it is so cheap that anyone with a few thousand dollars could do it in just a few hours.
This is a game changer for the online gambling industry because you no longer need heavy financial backing to start your gambling website. Thus, running a gambling operation is now available to everyone.
This is because a Pay Per Head only charges $5 to $15 per active bettor on a weekly basis. For example, if you have 50 players that gamble on your website in a week, then you only pay $250 to $750 for the service. This comes to about $1,000 to $3,000 per month.
On the other hand, if you open your online gambling website from scratch, the monthly cost of the staff, utilities and rent would well be over $20,000 per month.
The Bookie Pay Per head method is now equalizing the playing field in the gambling industry. What was once a game for companies and people with big pockets can now be achieved by just about anyone.
The Benefits of Using a Bookie Pay Per Head
In addition to being a cost efficient method, there are several other benefits of using a Bookie Pay Per Head. Some of benefits include:
On average, it usually takes between 4 to 9 months to have a fully functional gambling website. When you use a Pay Per Head, it only takes a few hours to have your sportsbook ready for clients. Furthermore, since you no longer have to worry about customer service and lines management, you now get more free time to enjoy.
In addition, you no longer need to worry about micromanaging your gambling operation. This is because the Pay Per head does most of the managing for you from gambling odds to customer service. Thus, you can concentrate on acquiring new clients and expanding your business.
The Future of Online Gambling is Bright
As internet technology and programming improves, we will be seeing even more changes to the online gambling industry. Gambling is one of the fastest moving industries on the internet and is at the forefront of the latest innovations.
Thus, we expect to see in the near future more groundbreaking inventions that will forever change the online gambling industry.