How to choose a jurisdiction where you will get a gambling license

One of the main steps for starting a casino is obtaining a gambling license. However, not all operators know how and where to get it. First of all, it is necessary to think out in which jurisdiction you will obtain a license. When choosing a jurisdiction, you should consider the following factors:

• The cost of the license

The license cost plays a very important role. Indeed, in different jurisdictions, the cost of a license varies. In some jurisdictions, it is required to pay several thousands of dollars per license, when in other ones, you can get a gambling license for free. It depends on your finances.

• The level of your experience in the gambling area

It is also necessary to consider because many jurisdictions require the availability of operators' experience in the gambling business. It can be one of the main requirements to get a gambling license.

• The number of licenses that you need to obtain

Some jurisdictions issue one license for all types of gambling activities, while in other ones, you can get one gambling license for only one type of activity. And if you decide to widen your list of games, you should obtain a license for each kind of gambling game separately.

• Administrative costs

The administrative costs depend on the jurisdiction you choose.

• Taxes

Before you get a license in any jurisdiction, pay attention to the tax that the government charges. If the tax rate is too high, you should find another region to operate your gambling business.

• International recognition

It is a very crucial factor. Even though many jurisdictions require a local license, a lot of operators get a gambling license that enjoys international recognition. These jurisdictions are Curacao, Malta, Kahnawake, etc. If you are issued such a gambling license, you can attract many clients. These licenses are considered reliable and make your gambling establishment trustworthy.

• Requirements of the licensing for other companies you are going to cooperate with.

• Type of gambling services that you are going to offer (casino gaming, sportsbook, or other).