..

How do I Start My Own Sportsbook Business Legally? Can it be an LLC?

Written by:
Aaron Goldstein
Published on:
Oct/18/2019

While it is true that you can, in theory, operate your sportsbook business as an LLC, you will need to pay all your taxes and maintain proper records. It's probably also wise not to file your company name as "Joe's Bookmaking Business".

*4 weeks free trial
*Starting at $7 per head, 24/7 support
*Pay only for active players
*Live in-play betting on mobile or laptop
*No deposit required - Instant setup
*Live dealer casino or virtual casino
*18 plus years in business serving sports betting public
*70 plus horse tracks
Click here to visit RealBookies

Bookmaking businesses operating without a government license should run like a sports handicapping service.  After all, there are now handicapping companies entering white label partnerships with sportsbook firms operating directly in the United States.  This is a similar concept to that of the Pay Per Head.

A Pay Per Head charges X amount per active customer per week, as low as $7 at RealBookies.

You get your own customized website for players to access.  Additionally, it is recommended to have a master website featuring sports betting news and stats.  This does not have to be provided by the PPH company, though they can likely assist in the development.

The Pay Per Head handles all other aspects of your bookmaking business including customer service, oddsmaking, report generation, live in-play wagering as well as providing a live dealer casino and horse racing platform in some cases.

Steps to become a bookie

    Learn about the business from blogs and experienced people
    Find players
    Partner with another bookie so that you both win
    Get a great Pay Per Head Bookie Software
    Start running and managing your business

The Bottom Line in Bookmaking Business

From RealBookies.com:

"Understanding that the customer who wagers only $100 a game will lose $3,000 to $4,000 over the course of any given season should give you plenty of incentive to hit the bricks. If you use your time wisely, reaching a customer base of 200 or so (a little better than average) should be no problem."

- Aaron Goldstein, Gambling911.com

Gambling News

Connecticut Casinos Reopen in Defiance After Covid Closure

Connecticut Casinos Reopen in Defiance After Covid Closure

Tribal casinos in Connecticut began reopening on Monday despite Connecticut Gov. Ned Lamont saying it is too early.

Professional Gambling - how they do it

Who wouldn’t like a glamorous life of a professional gambler? Luxury hotels, easy working hours, lots of cash - the whole nine yards.

The Coronavirus Could Lead More States To OK Sports Betting And Internet Gambling

The Coronavirus Could Lead More States To OK Sports Betting And Internet Gambling

The coronavirus pandemic could lead to a quicker expansion of sports betting and internet gambling in the U.S. as states deal with huge budget deficits and look for new tax revenue wherever they can find it. 

Is Draftkings Sportsbook Legal From Louisiana?

Is Draftkings Sportsbook Legal From Louisiana?

Draftkings does not accept customers from the great state of Louisiana.  A number of other top online sportsbooks are accessible from the state, including Jazz Sports, which is offering a generous welcome bonus with a maximum of $1000.

California, Ohio, Louisiana Sports Betting in Play, Plaza Hotel & Casino Set to Reopen

California, Ohio, Louisiana Sports Betting in Play, Plaza Hotel & Casino Set to Reopen

The likelihood of mobile sports betting coming to California is not very good but land-based tribal casinos could offer in-person wagering at some point.

Syndicate