You can split the process of obtaining the license in several steps, which will help you determine where you’re currently at and plan how long it will take you before you can have your business up and running. Here’s how long each step will approximately take.
Submitting the Application
How do you start an online gambling business? The iGaming industry has registered a consistent growth in the past few years with more and more operators entering the online gambling stage. This means that it’s getting more and more challenging to stay ahead of the competition and differentiate yourself from the rest. If you are considering setting up an online gambling business of any kind, you need to get yourself an offshore gambling license. If you are offering online gambling of any kind, you need to be both registered, and compliant with at least one jurisdiction or country. These are the main reasons why you must acquire an online gambling license. Simply type in your city and state, enter your industry and click 'Get Licensed.' From there, you'll get everything you need at LicenseSuite, a proprietary Business Licenses, LLC website. LicenseSuite provides one central location for all you need to obtain a gaming/gambling license. You can get three levels of online gambling license from the Isle of Man. They include network service license, sub-license, and full license. The whole gaming license is a single license for your gambling business. For applying this certification, you need to pay an initial £5,000 application fee. Having a gambling license is the guarantee of the legitimacy and stability of the online gambling & betting business. Obtaining a gambling license will help you gain the trust of your players, partner with leading game providers and develop your business.
Naturally, the first step in obtaining your license is submitting the application. This step will take approximately two to four weeks. However, keep in mind that this step solely depends on you and your readiness, as well as the quality of your application.
Apart from basic information about you and your business, the information you will be required to submit greatly varies on the licensing authority you are trying to obtain the license from. You will need to pass various gambling license checks, such as the criminal background check, employment check, reference check, and a few others.
In order to speed up the process, you can contact numerous consultant agencies that will help you prepare and submit the documentation.
Reviewing the Application
Once you’ve submitted your application, the gaming authority will have to review it before they can approve it. This process takes somewhere between six and 12 weeks. Again, the process depends on the type of license and the gaming authority whose license you are trying to obtain.
This step also includes an in-depth analysis of your business plan, such as distribution strategies, an HR plan, growth targets, and much more. You can divide the process of reviewing your application into two different key parts — verifying the information written on your application and verifying the fairness of your software.
The gaming authority will have to determine whether you’re suitable for the license, which can take around 60 days from the moment of submitting the application. This step will greatly depend on the quality of your application, and it may include a lot of back and forth communication. Therefore, the faster you respond to questions, the shorter the process will take.
Simultaneously, while reviewing your application, the gaming authority will have to review your software as well, which includes testing the fairness of your games. The time required to test your software will take around 60 days as well. However, that can vary due to multiple factors, such as the size of your business, the number of games and their types, the expertise of software development teams, etc.
Naturally, the process will be slightly longer if you decide to add new software during the application process, but it won’t take much longer to verify the new software once the procedure of verifying the fairness of your software starts.
One thing to note is that you don’t have to do suitability and software testing one after another. If you have a big enough team that can manage back and forth communication and provide the application info, while the software development team focuses on the fairness of the games, you can handle both of these steps simultaneously.
Once your application and your software have been verified and approved, you will have around 60 days to go live. Just like submitting the application, this step depends solely on your capabilities. It includes server audits and the integration of your gaming system into a technical environment, as well as undergoing a number of compliance audits.
Getting Your License
As we’ve mentioned previously, there are several different factors that will determine the duration of the process of obtaining your license. Some of the steps depend on the license type and gaming authority of your choice, but a good portion of the time required to obtain the license is your responsibility.
Bet numbers app download. That being said, in order to save as much time as possible while getting your license, make sure you’ve entered the correct information on your application and that you are cooperative and responsive when dealing with the gaming authority.
How To Get A Online Gambling License Renewal
Gambling activities became legal in Estonia in the period 1994-1995 when the first Lottery Act and the first Gambling Act came into effect. Today, the online casino industry is regulated by the Gambling Act of 2008.
In general, the market became open to offshore operators in 2011, and Estonia required the operators’ servers to be located in the country. However, in 2012, Estonia allowed operators to locate servers in other places as well.
Requirements to get an online gambling license in Estonia 2020
In order to start an online gaming business in Estonia, the operator must obtain two licenses:
- activity license: certifies that the operator is reliable and complies with the requirements;
- operating license: allows organizing any kind of gambling activities.
To get an operating permit for remote gambling, operators should submit:
- personal details;
- server location address;
- the name and position of the contact person of the gambling operator;
- the date of state fee payment;
- details about the gaming equipment;
- the rules of games;
- overview of the security measures;
- independent expert assessment on the compliance of the software;
- bank certificate of opening an account;
- business plan with financial statements.
Do not miss:Gambling License in Italy
Costs of Estonian online gambling license
How To Get A Online Gambling License Online
License fee for games of chance
License fee for games of skill
Totalisator license fee
State fee for reviewing gambling operating permit
State fee for reviewing lottery operating permit
Online casinos should pay 5% tax from net income while lottery organizers pay 18% from the income.
Advantages of Estonian online casino license
An Estonian gaming license offers the following benefits to operators:
- relatively low taxes;
- licenses are valid for 20 years;
- entry into the European market.
How To Get A Online Gambling License
Getting a gaming license can be easier with Slotegrator. The company offers consultations on legal issues, helps to prepare all necessary documents and register a business to obtain a reliable gaming license.