Since we live in a world where everything from alcohol to casino establishments is regulated, we have to reckon with gambling jurisdictions in order to run our own virtual gambling club. This article contains some tips on how to get your gaming license, as well as the information about different types of an Internet gambling license. We will also give you some hints on how to operate an online casino without a necessary iGaming permission.
What Is an Internet Gambling License?
An Internet gambling license is a permission that is issued by the government to a company that runs casinos, online gambling sites, or other gaming establishments. An Internet gambling license is required for any company who wishes to operate an online casino or iGaming site according to the gambling jurisdictions.
The process of obtaining this license can be difficult, so it’s important to research the requirements of your state before applying. In order to apply for an Internet gambling license, you must first contact and complete an application with the state where you wish to operate. You will also need to submit documentation from your business plan showing how you will comply with local & federal laws and regulations.
What are the Requirements to Get Your Gaming License?
iGaming licenses are required to operate virtual casinos. There are different types of them, and they vary depending on the type of services you want to provide.
Requirements for obtaining an Internet gambling license:
- You must be 18 years or older
- You must have a valid ID with your current address
- You must provide the authorities with a complete business plan drawn up in accordance with the gambling jurisdiction’s laws
- You have to pay a fee, the price of which starts from 30,000 euros and above.
And all this gives no guarantee that your application will be approved, and you will get an Internet gambling license. In addition, each application can take several months to process, and you will have to deal with a huge amount of paperwork. This raises the following question.
How to Get Your Gaming License Without Breaking The Bank?
Internet gambling is on the rise, but legal & ethical issues continue to pose challenges for operators who want to enter this space. There are too many companies out there promising the world and delivering nothing. What makes us stand out is our decades of experience in the field, giving you peace of care for your business.
We have the solution. White Label Casino is a turnkey solution that launches your online casino in just minutes and allows you to easily offer credit card payments, free-play, bonuses, games & more with an Internet gambling license included. With these services at hand, your business will be up & running in just 5 minutes!
Types of Licenses in Different Gambling Jurisdictions of the US
In order to legally obtain an iGaming permit, you must first apply for an Internet gambling license. There are three types of licenses:
- Gaming Operator License – This license is required if you want to operate a game of chance or operate any type of gambling facility.
- Gaming Permit – This Internet gambling license is required if you want to run a game that doesn’t involve chance and is conducted in an area that has no more than 200 people present at one time.
- Gaming License – This license is required if you want to run a game that involves chance or have more than 200 people present at one time.
Each state has different requirements and fees for each type of Internet gambling license, so it’s important to research the gambling jurisdictions in your state before applying for any licenses.
With Crypto Casino, You No Longer Need a License
There is another way around the expensive licensing process, and that is crypto casinos. Crypto casinos are one of the latest innovations in the casino industry. They provide a safe and secure environment for gamblers to enjoy their favorite games.
If you have a crypto casino, you no longer need an Internet gambling license, because you bypass gambling jurisdictions. You do not need to interact with banks and authorities anymore, because you can receive payments from players directly in cryptocurrency. Crypto casinos are becoming more popular due to their convenience & anonymity.
When you start a new crypto casino, and you want it to succeed, it’s important for you to keep things simple. Unfortunately, setting up a crypto casino can be a complicated process. That’s why our team has created an easy-to-use Bitcoin casino service that helps anyone launch their casino with ease. We even have a risk-free trial available for you! Get in touch with us for a product inquiry.