Online Casino's and Sportbetting platforms are both very lucrative businesses to venture into, but which of these businesses do you think make the most profit?
If you have an opportunity to start one of these, which of them will it be, Sportbetting or Online Casino?
Please give a good reason for your choice.
I believe that sports betting has a greater potential for revenue generation than casinos because everyone enjoys sports but not everyone enjoys casino games, though this may vary depending on location. African countries, for example, love sports betting, which is why sports betting platforms outnumber casinos most of the time, most often than not, you will only find a few casinos, but if you go to the west and Asia, they love casinos more than sports.
It is dependent on the location and where your company channels its service, but since Bitcoin casinos are now the general trend, having the two as a service for players is one of the best ways to generate enough revenue because it allows different people from different places to have a fair play of their favorite games and sport.
I agree with you because if somewhere really likes sports betting and we open a casino without having sports betting, our casinos won't have as many visitors because they will look for casinos that have sports betting. But nowadays, many casino owners have made their casinos into sports betting and have casino games so they can get more profit from each gambler and this is the case in many online casinos. But it all depends on how much capital you use to make the casino and you have to know the capital limit you want to use.