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Online Gambling about to get legalized
Have been recently in touch with somebody who has several years of hands on experience in running gambling sites and just launched a brand new online poker platform. As I checked into the project i found it quite intriguing.
Somehow surprised as for how one pays out 30 pct. of the gross deposit to affiliates with billing, promotional and operational costs on top of it. Some of which are also directly related to the gross amount of money deposited (and which is far from revenue as this is a two way game).
There are also upsells to third party gambling products to make for some extra revenue. However, doing simple maths would say one needs to keep the ratio between payouts vs. deposits at about 1:2 just to maintain a positive cash flow.
Also, the news say that certain states (NJ, Nevada) are planning to legalize.
Your thoughts? Anybody succesful in pushing gambling?
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