You don’t become one of the world’s richest musicians just by making good music. You also have to make smart business deals. Madonna is worth $590 million as she also owns health clubs, acts, and creates clothes, while P Diddy is worth $820 million for opening his own record label and for his other business ventures.
Releasing a successful song is likely the fastest way to make money in that business but it may not be the way to make the most money. The world’s biggest celebrities who make so much more money do so by diversifying their sources of income, with online casinos being a surprising option.
How Much Do Online Casinos Make?
A report by Technavio reveals that in the United States, the online gambling market is likely to make $4 billion in 2020. This industry is made up of several sectors, such as sports betting, table casino games like blackjack and roulette and games such as slots. The popularity of mobile casinos is part of the reason for this growth.
Without releasing their own online casino, the world’s most famous musicians are unlikely to make billions of dollars in a year. However, by entering into the market with their own game, they could potentially make millions of dollars without having to do much work.
What Celebrity Games Are There?
Some celebrities are doing this now and have allowed players to spin reels with their faces on and play casino games with their music for years. Some of the biggest slots available are the Guns N Roses, Jimi Hendrix and Michael Jackson slot games.
The Top Trumps Celebs game available at the online betting and casino site Betfair features several famous people on the reels. Players can match symbols of Brad Pitt, Jake Gyllenhaal, and Elvis Presley as they try to get the jackpot. The slot game only uses their photos but with a slot about their films or their music, they could make so much more.
Who Could Make a Casino Game?
For a musician to make a successful casino game, they’ll need to have a large selection of hits. Ice Ice Baby by Vanilla Ice may be a popular one-hit-wonder but many players won’t want to listen to it on repeat. You would likely need three songs for the wild, the scatter, and the jackpot, to make the game entertaining.
Some of the best casino games about celebrities are ones that make us feel as though we’re going to a performance, where we are excited to hear every song that’s being played. This is why so many rock bands, such as KISS, have official slot games. You get to enjoy music in a new and exciting way without having to wait for them to go on tour.
Releasing a casino game could become a more popular option for celebrities looking to make money without having to release a new album or go on tour. It allows musicians and their fans to keep getting something out of music that was released years ago.