How much does online casino make?

A mid-sized online casino makes $2 million to $10 million annually, while top operators generate $500 million to $5 billion+ per year. Average profit margins range from 15-30% after operating costs, with player lifetime value typically $500-$2,000 per customer.

• Marketing & affiliate commissions: 25-40% of revenue — largest expense. Affiliates typically earn 25-50% revenue share.
• Game provider fees: 10-20% of revenue — royalty payments to NetEnt, Microgaming, Evolution.
• Payment processing: 2-5% of revenue — credit card and e-wallet transaction fees.
• Licensing & compliance: $100,000 - $500,000 annually — MGA/UKGC fees, audits, legal.
• Staff & operations: 15-25% of revenue — customer support, IT, management salaries.
• Technology & hosting: 5-10% of revenue — servers, platform fees, security.
• Profit after costs: 15-30% net margin for established operators.