How to Set Up an Online Casino?
Author: Ivan Mostovoy
Updated27 april 2020
You have several options to choose from:
To Develop and Implement the Gambling Software for Online Casinos by Yourself
This method involves an independent process of the creation, implementation and sale of the product from start to finish. This way can cost millions of dollars.
To Obtain a Gambling License of the Casino Software Provider
This method involves the use of online gambling software that belongs to the software vendor. This way is cheaper, and it also requires less effort. Normally, the initial payment for online gambling software can be from 30,000 to 400,000 dollars. In most cases, you will become a member of an existing network and thus save time and money. But every software developer works on the basis of a revenue share principle, and among other things you will need to ensure income in the amount of 30-70%. Moreover, you will have to follow certain rules established by the software developer.
To Become a Partner of the Licensee
This option is the cheapest and works in the following way: you take a casino website and carry out all marketing and advertising operations, while receiving a small percentage from the licensee. The average cost of such a solution is up to 10,000 dollars.
To Purchase Gambling Software From the Development Company
This option should be considered as the best in case you are planning to set up an online casino. You get ready-made solutions from the software developer. The gambling software will be installed on your servers under the domain name that you have chosen. All technical details, such as configurations, adaptation to specific customer needs, design and implementation of payment systems, are regulated by the development company instead of you. The approximate cost of such a solution is from 60000 to 500000 dollars.
After the acquisition, you get control over the online casino and an ability to manage it, after which you become its sole proprietor and do not have to share profits with anyone anymore.
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