Sag,
As an active Sugar Daddy for better than 10 years you, I can confirm it's fertile land to plant your "investments." LOL
But a few words of caution:
1. $200-$290 is probably the minimum entry cost for the Sugar Bowl in most major cities. In larger metro areas, "allowance" or what you pay when you take an SB on a date (that includes sex - or BCD time) has crept up to $300-$500 or more, depending on many factors.
2. But as noted, that allowance is generally per date, not per hour. Some SB's may just want to bang and bail, some will appreciate an actual date with social time, dinner, sex, etc.
3. If you are well accustomed to the high level of "service" that a KGIRL provides, you may find sugar dating a bit different. Your SB is not a pro (most of the time) and will have her own sexual comforts and limits - taken from her personal life experience. So be prepared for some SB's to do less than a KGirl does. OTOH, some will do more - a lot more.
4. Your time required to get a date is much greater than booking a KGirl. You will need to review dozens (maybe hundreds) of profiles, start communications that may not succeed, fend of scammers, and deal with emotional baggage despite the premise that sugaring is an NSA (no strings attached) experience.
Is it worth it? Hell YES! At least for me.
As Twoon mentioned, check out the Erotic Highway board for much more info. There are hundreds of posts covering dozens of experiences, questions, tips, advice, methods and instructions.
Life is good
The Cat