Working in the iGaming Industry

Figure 1 The iGaming industry is growing all the time

This is one area of business that is growing at an incredible rate. Where some industries are struggling at the moment, iGaming is enjoying a boom time – and there is no real sign that that will slow down any time soon. So looking to get into the iGaming industry might be a very good idea, even if you have a financial or investment background.

With the easing of betting and gambling laws and restrictions across many parts of the world – and in particular the US – iGaming is the hot area of business right now. There seem to be new companies and start-ups appearing every week and that means that there are a lot of vacancies to fill.

If you are new to this industry, you can find out the top brands and names at VegasBetting.com. But for an idea of what kinds of jobs are available – and how to get into iGaming – you should take a look at this quick guide to the industry.

What is iGaming?

Before we get into the details, we should really explain what the term “iGaming” actually means. It is a relatively new umbrella term for all kinds of video gaming, sports betting, and online casinos. It has been more associated with online poker and casino sites – but it covers a lot more and offers a lot of opportunities.

Sports betting is one of the major growth areas in the iGaming sector. So if you are a sports fan and also have experience in betting – or the finance behind the scenes – this could be the perfect industry for you. But with so many sub-sectors, iGaming is an area of business that also covers a lot of ground and working in the investment and finance side could be very rewarding.

Finance in the iGaming Industry

Most people who think of entering the iGaming industry will have more interest and experience in the “front of house” roles. Sports and casino lovers are attracted to iGaming as it covers their particular skill sets. But, as with any area of business, there is a financial “backroom” helping everything run smoothly.

Whether it is sourcing the investment needed for an iGaming project, or successfully managing and budgeting that finance, there are plenty of roles available to candidates who come from a banking and finance background. All of these new companies need someone to look after the money, after all.

Types of Job

The types of finance and investment jobs available in iGaming are, honestly, much the same as with any other sector. Obviously, having some knowledge of sports betting or online casino gaming is beneficial. But if you can prove that you know your stuff when it comes to finance, you can find yourself a role.

Financial analysts and planners are always needed in this ever-changing and dynamic industry. So too are finance managers and controllers. As we said, these roles are very familiar but have the advantage here of being involved in a hugely interesting industry.

If you are a little higher up the chain you may be able to find a CFO role in one of these new iGaming companies. But even on a potentially more basic level, every single one of these businesses needs tax accountants – and that means that there are literally thousands of openings for anyone with a finance and investment background.

How to Break Into iGaming

So, now that we have piqued your interest – how do you actually get into iGaming? You may have the financial qualifications and expertise, but you could be completely new to this industry. The good news is that you will not necessarily have to have any past experience in iGaming. But it is a very good idea to do your homework and find out as much as you can about the industry.

You will have to demonstrate that you possess transferable skills from whatever sector you have worked in before. This should be fairly straightforward – but make sure that you think about how best to get across how the investment and financial knowledge you have can benefit an iGaming company.

You should also think about how you can show a passion for iGaming. This may be difficult if you are completely new to the sector. But, even if just really enjoy gaming in your spare time, think about how you can show that in relation to pushing a prospective employer forward.

Figure 2 Relocation opportunities to places like Malta are plentiful

The Benefits of Working in iGaming

One of the first things you will notice about iGaming companies is that this is a very lucrative business. Sports betting and online casinos have been able to retain and grow their business, while others have fallen away in recent years. That is why there are some very lucrative jobs to be found – and this is an industry full of high earners.

As a richer industry, iGaming has spread across the world and tends to be located in places that are conducive to betting and tax laws. You will find the bigger companies have offices in places like Malta, Sweden, Spain, across Asia, and more recently the US. The opportunity for relocation is huge. So if that is an attractive feature for you, iGaming could be the way to go.

Enjoy Your Work

You may have a resume of working for top financial companies. But it is an industry that has a reputation for being staid and, frankly, a little boring. That doesn’t have to be the case, but with iGaming you will not have to worry about that at all. iGaming companies are more akin to the trendier Silicon Valley-type start-ups.

The finance and investment side of the business is just as serious and important as anywhere else. But there is a lot of enjoyment to be had in iGaming – and if you are looking for a change from the old routine, it could be the sector for you.