We already dropped our idea for starting own gambling site . infact we are not selling our script. At affordable rate if you are interested then on me.
It is a good decision to drop the project with such a low amount of initial capital as the gambling site needs a bigger capital to pay off your users and never expect any profit in the initial period,you could set up a site and start selling your script and make sure you give a demo.
It won't be worth it if you'll just start a gambling site with that initial capital. You have to attract people with your big fund so that they are secured as if they are all thinking that they can hit the jackpot and will make your business bankrupt. I don't recommend that thing to someone that wants to start a gambling business but with other business for that budget, it would be fine.