Answer Question
How profitable are online casinos
I've been watching FanDuel and DraftKings duke it out for some time and was wondering how profitable they are. Anyone have insights on the general state of the industry?
- How much capital is required to start a viable online casino?
- How much does it cost to acquire a customer/ bettor and what is the lifetime value of each one?
- What is the typical profit margin for an online casino?
- How does competition affect profits? If everyone is starting an online casino, is there still profit to be made? How are the major players differentiating?