Is casino and gambling business, the most profitable business ever?

[magnus2022]

Casino and gambling business is one of the most profitable business you can think of but i doubt if it is the most profitable business ever. In my personal assertion, i think oil and gas business, transportation, construction, computing technologies, automobiles, pharmaceutical, agriculture etc.
Do you think gambling business is one of the most lucrative business ever?

 

[uptrendfinancialsignal]

Well, casinos and gambling are not the most profitable businesses. Sure it is profitable but if you are looking for the most profitable business, you've got to go into oil and gas or even real estate.

 

[Kross]

Owning a casino or just a bet shop is guaranteed to make you a millionaire within six months. The demand for casinos is inelastic and would always sell. A physical casino in my city doesn't need much advertising it starts getting massive patronage.

 

[Demon_skeith]

Always seem like a casino is always going up, so yeah, I would say it has some profit to it.

 

[magnus2022]

Well, casinos and gambling are not the most profitable businesses. Sure it is profitable but if you are looking for the most profitable business, you've got to go into oil and gas or even real estate.

I don't think real estate do make the kind of money gambling companies makes. Gambling is money spinning machine. I can bet that betting houses use to make millions in a day.

 

[Condordsig]

I disagree with the idea that casinos are easy money. I run my own platform at https://dimensi69.me/ and it takes constant work to keep things fair and profitable. The gambling business has high operating costs, regulations, and competition. Comparing it to oil or pharma ignores these real challenges. In my experience, quick millionaire status is a myth, not a guarantee.

 

[Bawse]

I disagree with the idea that casinos are easy money. I run my own platform at https://dimensi69.me/ and it takes constant work to keep things fair and profitable. The gambling business has high operating costs, regulations, and competition. Comparing it to oil or pharma ignores these real challenges. In my experience, quick millionaire status is a myth, not a guarantee.

It's a grind to attract active players to gambling sites, but once a casino site becomes established and has a large, consistent player base, it can generate a steady stream of passive income without having to constantly recruit new players.

 

[Nomad]

I think casino and gambling business is very profitable. I don't think any operators of casino and gambling ever lose money. However, there are a lot of complications running the business.