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There’s a tiny island in the middle of the Mediterranean Sea where many young entrepreneurs go to make millions. These young millionaires often have similar characteristics like being risk-takers, hustlers and innovators, but they also share something else: They’re casino affiliates.
The online casino and gambling industry is one of the fastest-growing sectors in the world, and many of the most successful affiliates in this industry (myself included) made their name on the tiny island of Malta.
This country of fewer than 500,000 people has taken on the role of “Las Vegas” for the online casino industry and it’s the headquarters of huge gaming companies and affiliates. While you don’t need to live in Malta to be an online casino mogul, most of the great ones do.
I spent 10 years of my life in Malta, and built one of the largest gaming affiliates in the world, Catena Media, while earning more than $50 million before turning 30.
So, what’s so interesting about being a gambling affiliate?
The appeal of being an online affiliate
Many entrepreneurs are drawn to the affiliate industry because of its low barriers to entry. Every business has hurdles to overcome before you can launch, and some of those hurdles are shorter or taller than others.
No matter how much you like space or understand rockets, you’re not going to easily compete with Elon Musk and SpaceX. The barriers to entry into that industry are huge. Not only would you need hundreds of millions of dollars, but you’d need licensing, expertise and other non-financial assets that are difficult to acquire.
However, the hurdles to becoming an online affiliate are relatively small. You simply need to sign-up as an affiliate for a company, purchase a domain and hosting service, create a website and begin posting content with affiliate links. Most savvy entrepreneurs could create and launch an online affiliate site in one day for under $20.
What’s appealing about the online casino space?
The online casino and the entire online gambling industry in the United States is one of the more promising sectors at the moment. In fact, the U.S. online gambling industry was valued at $1.978 billion in 2020 and has an estimated compound annual growth rate (CAGR) of 17.3% over the next 5 years.
As more states begin to legalize online gambling and sports betting, you can expect to see this sector grow exponentially. This opportunity is what makes the online casino and gambling industry so appealing to young entrepreneurs.
What type of skills do you need?
When I launched my first online casino affiliate website, …….