How Much Does An Online Gambling License Cost
- How Much Does An Online Gambling License Cost For Real
- How Much Does An Online Gambling License Cost Estimator
- How Much Does An Online Gambling License Cost Calculator
- How Much Does An Online Gambling License Cost Per
If you wish you to kick-start your online casino business as an iGaming casino operator, the costs of starting the business are much higher, and the laws and licensing are vast as well, but the casino business eventually yields great profits as soon as it gets accepted by casino customers in the gaming market.
Charitable Gaming Registration and Lottery Licensing Fees
Charitable Gaming registration fees are listed below and in the Fee Schedule (Gaming Registration).
Online payment options
When using online services, all payments under $30,000 must be made by Visa, MasterCard, Interac Online, Visa Debit or MasterCard Debit. (NOTE: The Bank of Montreal, CIBC and Scotiabank no longer offer the Interac online payment service. For more information, please contact your branch or the telephone number on the back of your card. For a list of participating Financial Institutions, please see the section at the bottom of this Interac Online for Consumers web page.
- To run a successful online betting site with a betting license from the Malta Gambling Authority, you need to obtain the so-called B2C license. To do that, you need to submit an application in English, the copies of your company’s beneficial owners’ personal documents, a brief description of your professional background, criminal record.
- How Much Does It Cost to Get a Pennsylvania Gaming/Gambling License? The cost of a Pennsylvania Gaming/Gambling License is unique for the specific needs of each business. The cost of a Pennsylvania Gaming/Gambling License depends on a company's industry, geographic service regions and possibly other factors.
- If you own a casino or manufacture and/or distribute gaming devices, you will need to obtain a non-restricted license. If you are an owner in a publically traded company, you will not need a license unless you own more than 10% of the company.
Payments of $30,000 or more must be made by money wire transfer or electronic funds transfer. Please note that cheques and cash are not accepted as forms of payment when using iAGCO online services.
Please do not send cash in the mail. Harmonized Sales Tax does not apply to these fees.
In addition to the registration fee, the Registrar may require the applicant/registrant to pay the reasonable costs of an investigation.
Charitable Gaming Registration and Service Fees
| Registration Class | Goods and Services Supplied | Annual Fee |
|---|---|---|
| Operator | Operator of a Charitable Gaming Site (4 or more events per week) | $12,000 per site |
| Operator of a Charitable Gaming Site (3 or less events per week) | $700 per site | |
| Seller | Seller | No Fee |
| Gaming-Related Supplier | Supplier of Gaming Services and Equipment | $3,000 |
| Manufacturer of Gaming Equipment | $15,000 | |
| Trade Union | Trade Union | $2,000 |
| Category 1 Gaming Assistant | Employee with Significant Supervisory or Decision-Making Responsibility | $300 |
| Category 2 Gaming Assistant | Employee without Significant Supervisory or Decision-Making Responsibility | $165 |
Service Fees
The following fees are payable to the Minister of Finance for services indicated:
- Replacement certificate of registration as a supplier: $50.00
- Replacement certificate of registration and photo identification card as a gaming assistant: $50.00
(includes replacement certificate $25 and identification $25.00)
Charitable Gaming Lottery Licensing Fees
How Much Does An Online Gambling License Cost For Real
In accordance with Section 17 of Order in Council 1413/08, the maximum fees that may be charged for the issuance of a licence or authorization are as listed in the chart below.
| Event | Fee ($Cdn) |
|---|---|
| Charitable Gaming Events Conducted and Managed in a Charitable Gaming Site with 4 or more events per week or 3 or less events per week (under the Bingo Revenue Model) |
|
| Bingo (Regular) (non-pooling bingo halls) |
|
| Special (Monster) Bingo (non-pooling bingo halls) |
|
| Super Jackpot (non-pooling bingo halls) |
|
| Media Bingo (non-pooling bingo halls) |
|
| Table Board Bingo (non-pooling bingo halls) |
|
| Progressive Bingo Game (non-pooling bingo halls) |
|
| Loonie Progressive Game (non-pooling bingo halls) |
|
| Break Open Ticket |
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| Raffle Lotteries |
|
| Special Occasion Gaming Event |
|
| Fair or Exhibition Gaming Event |
|
| Bazaar Gaming Event |
|
*The licence fee for all stand-alone raffle licences issued by the Registrar is 1% of the prize board.
How Much Does An Online Gambling License Cost Estimator
How Much Does An Online Gambling License Cost Calculator
Getting a Malta betting license
Malta is a beautiful Mediterranean island state. The best time to visit it is autumn, when there is no sultry heat and the water temperature is still comfortable for swimming. However, to obtain a license, you will not have to fly—or sail by ferry from Sicily— to Malta at all, since we will take all the trouble. According to MGA (Malta Gaming Authority) rules, bookmaking activities require a B2C license. In order to get it, you must provide the following documents:
- an application in English;
- copies of company’s beneficial owners’ personal documents;
- a brief description of your professional background, criminal record, corporate charter, business plan and some other documents.
A license holder is obliged to pay an annual license fee of €25,000. After receiving a registration fee and verifying the submitted documents, MGA makes a decision on issuing a betting license. Generally, the whole process takes about 2 months.
As a result, you will be issued a B2C license, which allows you to conduct betting activities in all countries where gambling is not prohibited.
Getting a Curacao betting license
A company that is planning to receive sports bets via the Internet may also obtain a Curacao license, which is considered a convenient alternative to Malta’s one. With the Curacao betting license, one can enjoy a number of advantages:
- almost every bank will willingly open you a Merchant Account for conducting transactions and players’ deposits/withdrawals;
- sportsbook software providers freely cooperate with Curacao license holders;
- Curacao’s corporate tax rate is 22%; however, so-called E-Zone companies are completely tax-exempt. GamingLicensing specialists will provide you professional assistance in registering your company in Curacao’s E-Zone.
In order to successfully get a license, you must meet several technical requirements, such as storing backup information about clients and transactions on Curacao’s soil (other databases may be physically located anywhere), getting your software certified by an audit company and having specific website sections (Terms and Conditions, Refund Policy, etc.) and a clickable icon confirming licensing.
Summary
Hopefully, a future sportsbook operator now has no doubts about the necessity of obtaining a license and working within the law. As of today, the best and the most cost-efficient option is obtaining approval documents from Malta or Curacao.
How Much Does An Online Gambling License Cost Per
Online Betting License Cost
To get hold of an online betting license and diversify your online casino even further, GamingLicensing offers you help with the following price tags:
| Company Registration | EUR 7,900 |
|---|---|
| Obtaining an Online Betting Gambling License | EUR 9,000 |
| Registration of the domain in the E-ZONE | EUR 10+ depending on the domain name and the domain zone |
| Expert Consultation and Support | FREE of Charge |
FAQ
What betting licenses can GamingLicensing help me obtain?
GamingLicensing can help you get the prestigious Malta Gambling Authority license and the Curacao e-Gaming license. You won’t have to deal with annoying bureaucratic procedures — our experts will do that for you.
What do I need for the Malta Gambling Authority betting license?
To run a successful online betting site with a betting license from the Malta Gambling Authority, you need to obtain the so-called B2C license. To do that, you need to submit an application in English, the copies of your company’s beneficial owners’ personal documents, a brief description of your professional background, criminal record, corporate charter, business plan, and some other documents.
How much does the Malta Gambling Authority betting license cost and how much time does the process take?
The annual license fee is set at €25,000, and the whole process is finished in around two months.
What should I do to obtain the Curacao betting license and what are the advantages?
In order to obtain the Curacao betting license, your servers need to be physically located in Curacao and your software needs to be certified by an auditing company. Also, you will need to have specific sections visibly displayed, such as Terms and Conditions and Refund Policy.
Note that with the Curacao betting license, all banks will open merchant accounts for your transactions and players’ deposits and withdrawals. Also, all sportsbook software will cooperate with Curacao license holders. On top of that, doing business from the Curacao E-Zone means that your business will be exempt from taxation.