How to Start a Bingo Business

Bingo Hall

Bingo is one of the most popular games in America. Whether in the gambling resorts of Las Vegas or tiny churches in the nation’s heartland, people from all walks of life play the game. With such a vast demographic showing an interest in bingo, starting a bingo business can be lucrative and relatively easy. If you meet your state's requirements for obtaining a bingo license, and would like to invest in bingo as a business opportunity, read this guide to learn how to start a bingo business.

Things You'll Need

• Business plan template
• Bingo supplies

Instructions

1. Download a free template for a business plan and fill it in with information about your bingo business. Many websites offer free business plan templates that will work well for this purpose. Starting a new business with a written plan will guide your business, keep you on track and prepare you for challenges.

2. Identify the requirements for obtaining a bingo license in your state. Most states consider bingo to be gambling. In this case, the state gaming control commission, or the equivalent, handles bingo licensing and regulation. Other states will only allow bingo for charitable purposes, to be operated by non-profit organizations. Get the facts about obtaining a bingo license by calling your state attorney general's office.

3. Follow the procedures the attorney general’s office advises to obtain a license to operate a bingo business. It is usually best to register a company first, then obtain the bingo license in the name of the company. This makes the license easier to transfer in the event that you want to sell your business.

4. Find a location for your bingo business. Look for a large, open room that can hold several rows of tables. The larger the room, the more people your bingo hall can accommodate, which translates directly into how much money you are capable of earning. Also consider a location that can accommodate a concession booth to sell drinks and snacks. Having space for child care can also benefit your business substantially.

5. Obtain bingo equipment and supplies. You will need to fully stock the concession area, in addition to purchasing bingo cards, balls, display boards and other equipment. Many companies across the country specialize in selling these items.

6. Hire a team to help you run the bingo operation. You will need to have a “caller” who can announce what numbers have been selected. You will also need people to collect money, verify winning cards and pay winners. You may also need employees to run the concession booth and child care center. Also consider hiring a security guard.

7. Open your bingo business. Notify the local media, including local newspapers and radio stations, about your bingo parlor's opening date. Offering an incentive to attend opening day, such as free food or entertainment, can help draw in new customers.

Tips & Warnings

• Research what days other bingo games are being held in your area. Avoid having your bingo business open on the same nights as others in the area, unless it is unavoidable or you are open every night.

Resources

• Bingo Business Plan
• Wholesale Bingo Supplies
• Bingo Equipment
• Bingo King Bingo Supplies
• Allied Bingo Supplies