State Gambling Affiliate Sites
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A strategy of creating state-specific gambling affiliate websites that capitalize on the trend of US states legalizing online gambling. The approach focuses on being first-to-market in each state as legislation passes, building targeted content ahead of legalization.
Key Points:
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Market Opportunity:
- Sports betting revenue doubling in less than 1 year
- Currently $4.3B revenue in US (as of 2023)
- Still only legal in limited states (fewer states than marijuana)
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Strategy:
- Monitor states likely to legalize gambling
- Create state-specific affiliate websites before legalization
- Build content specifically for each state's market
- Position site to rank when legislation passes
- Sell to larger betting companies once established
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Proven Success Example:
- New Jersey betting affiliate site sold for ~$46M
- Minnesota betting affiliate site sold for similar amount (~$40M)
- Both sold to same company within 2-year timespan
- Merged with competitor to control market supply
- Leveraged market position to demand higher affiliate rates
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Key Success Factors:
- First mover advantage in each state
- Hyper-targeted content for specific state
- Patient approach - waiting for legislation
- Building authority before competitors enter
14:01 - 15:16
Full video: 01:08:38SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.