Topic: How much does it cost to have your own Casino? - page 2. (Read 417 times)

From the information that I was able to gathered, it's not easy to run a casino with your own money, you need lots of money and connection, also group of friends that will manage the casinos all together with you, some people who have deep connection in the finance world use money from the banks too, that's another path entirely but casino owners are doing it.

You will also need to do some professional hiring, as you need the right people with qualified experience to be able to run the casino and become successful, it's no 1 man's job.

It's no lie that if you plan to make a lot of money, you also need to invest a lot of money, that's the case of a online casino, one that is ready to be among the best, because there are many successful online casinos already, it's going to be a big challenge.

Around $2 - $5 million for a small class casino with a few employees and this includes funds for the bankroll


This cannot be known for certain, depending on casino's contract with the gaming provider.

Gambling site templates are the same as other sites, you can find them in the theme store: https://themeforest.net/. Depends on what CMS you use, WP, Jomla, etc


Yes


I don't know for sure, maybe around $100k

1. Only can be answered by slot owner or provider (feel free to contact the provider)
2. Some people said, the provider got some % from each spin.
3. Search google ~xd or try to use service who can provided you a casino template.
4. Off course, how you are gonna to pay the win ? In case in your net income you are in the loss.
5. Same with number 1.

I salute your question and to be honest, I don't know how much someone has to spend to build their own site, So far we often get questions about: what gambling sites are trusted, how much capital to gamble with, or how to gamble for win, but I didn't expect that you would ask a question about the costs of creating a casino or gambling site, but even so, I will try to answer according to what I know, firstly we of course need scripts, domains, hosting as the basis for creating a site and maybe that costs around $400-$500 and for a ready-to-use site you may spend more than $1000-$2000 including site creation services, once the site is finished of course it is impossible for you to handle and manage the site yourself because you need and have to pay for customer service, game operators , IT programmer, promotion and also of course permission from the government to avoid being blocked, I think there is quite a lot of work, money and time that you need to build an online gambling site, but the main problem with every new thing we build and develop especialy a site is to gain trust from site visitors because after all people will not really care and dare to try new sites nowadays, especially  if they are related to money.

By the way, what is the reason behind you wanting to create an online gambling site, are you bored of being a user or is it just curiosity about the number of gambling sites today?.

To get your own casino is never easy and it involves having the right team that would do the would without compromising. Many casinos that we have heard about getting hacked is because of the bad team that were not good enough to carry our there duties well so that there is no bug that could lead to such scene. Even though we have the funds and everything that is required, we still need to work with people that have experience and that have been in the business for a very long time. Trust us needed and we also have to seek for someone that can be trusted that would not do something that will affect the casino's usage and users complaints.

This is what I have been thinking of as well. I know that I wouldn't be able to right now but with additional knowledge like this, you will never know that you have information on how to do it. It's a really helpful and interesting read especially the one with SirJohnVonSlotty referenced by SamReomo. Thanks for that

Are you planning to make your own, OP? 

Probably varies a lot depending on what are the games you want your casino to have. I heard sports betting books are harder to maintain and that they don’t have only up days with some days going negative too

Really interesting topic. Will keep an eye on it

Yes, the most important Investment for a new online casino is in the website as well as it's development, rather than things like marketing or customer acquisition. When you present a well designed and user free website, you'll find your casino attracting and also retaining customers, after a cool website, then you can go ahead and go for other things.

I'm not agree with this point of view, If you are a developer you only need time to build a casino, maybe you need some money for the bankroll, but you even can run it with a low bankroll if the max win is low too. That would be boring for the users, but it's possible.

And that's why i started this thread, i really want to see how much it costs to have a reference and decide how to proceed with my own software. I will change the crypto gambling paradigm.

If the means to "open a brand new casino" is different, the cost will vary by a huge degree. It's common to use a white label/turnkey solution, so you don't have to start from scratch. There are multiple interviews in my country alone with ex-casino operators who stated they only need less than $20,000 (IIRC) -- for sure a crappy solution. They just pay and the site will be up shortly and ready to go. But sure, the quality and legitimacy won't be anywhere near what SJVS told. Sometimes they also operate without a license.

i don't really understand the casino business, but of course building a casino requires a lot of money, especially for offline casinos. but in your case because you want to build an online casino, it will probably cost you tens of thousands - hundreds of thousands of dollars, depending on how you design the casino, licensing fees, marketing, staff, etc. if you currently still have limited money, then don't ever build an online casino, because you need quite a lot of money to be able to build and operate your casino.

I doubt this. Building the site might be quite affordable to anyone. As you just need some developers to work with. But managing a casino platform is one big deal. Personally, you need enough funds to cover the huge expenses. Imagine you start a casino company, and you get to see people win in your casinos where do you think the funds comes from which you will use to pay them. Also understand that you can't set up a structure like this without paying taxes to the government. And in my country, it cost millions for the government to approve it.

I have almost nothing to add to SirJohnVonSlotty's masterly response, which you can see he obviously knows what he is talking about. The only thing I remember is a forum member, and I can't remember exactly who it was, saying that he had researched the subject and that the absolute minimum to invest to open a brand new casino would be $100,000. I don't know if SirJohnVonSlotty would differ from this opinion.

I appreciate the specificity of this thread, where the answers to the OP's questions are readily available by knowledgeable folks. SirJohnVonSlotty has truly been detailed in his ANN thread. I'm eager to hear the OP's thoughts on the feasibility of the answers and future steps and any challenges he anticipates. I'm genuinely curious about his response and hope he updates us either soon or in the future.

Guys please don't share random info just to bump up your post count or to act as a smartass. I'm not gonna quote or point out anyone, but posting randomly and spreading misinformation isn't helping anyone.

#1. It depends with whom you're starting the venture to begin with, but in most cases it's a bulk deal negotiated on a percentage basis of your NGR (Net Gaming Revenue). Rarely there are one-time fees in this industry, and the crucial parts of the puzzle (e.g. providers) are usually taking a chunk of your NGR. It's important to note here that you can further negotiate the deal with slots providers depending on how much traffic you're getting. Some providers will give you a better deal if you're featuring their games on your homepage.

#2. They earn from your bonus budget (e.g. if you offer a $100 welcome bonus, you have to pay that bonus cost to the provider), and a percentage of your NGR. If you want I can talk with our casino manager and give you more details with some numbers here.

#3. If you're serious, you don't get it from Themeforest or TemplateMonster, that I can assure you. Usually you get a pre-developed theme that has been proven and tested by the providers that you choose (e.g. the platform provider). You can check out platform providers here, they have a full list: https://www.igamingsuppliers.com/suppliers/online-gaming/platform-providers/

#4. Yes, you have to have a bankroll, otherwise the license giver will not give you the license. Basically you need to be able to cover all the jackpots and large winnings from scratch. There is no "bankroll provider", but there are investors who are already within the industry and are looking to invest into new casino concepts. So if you have the team and the idea, they can finance it. But if you only have the idea, no team or experience, then I wouldn't recommend pitching at all. Banks will not be open to loans that I can tell you from experience.

#5. These are usually custom priced, and depends on the provider. There is a monthly fee due to the nature of the service (e.g. bookies), there's a chunk of your NGR again, and there are sometimes entry/yearly fees, it really depends on your traffic. Check out Betsson's solution, they have a really good sportsbook system, but I think that they only work with MGA licensed brands (I'm not sure).

If you're serious about the industry, I would recommend that you join one of the european igaming events like SIGMA, ICE, NEXT and others, I can even get you free tickets if you need to - networking is everything.  

These deals are usually negotiated and depend on how personalized the game is, how many games you're buying and so on. The software can easily cost $10k, so it's not cheap.

Providers meaning developers? Usually they get a % of your revenue, or not at all, depending on the deal. It's either a one time deal, or you negotiate %.
They don't count games or anything like that, it's total profit the software brings.


Google it. There are whole casinos for sale.

Yes, you need bankroll and if you don't have it you can either get a partner who will provide that, or a loan.
It's like with physical slot machines where you have to fill them with coins once you buy them.

Developing a casino that's dedicated based on the owner's liking is going to take time and it's more costly, unlike just getting those templates and licenses from the provider that they'd develop it themselves and deploy it quickly. It's lesser cost and lesser time needed.

AFAIK, the providers don't have the commission for each roll that the players do. What the service they do and contract is with the casino itself and them.

They don't care about the gamblers as long as they're paid with the contract with the casino. Building is easy nowadays if you just want to test it around but once it gets serious, the amount of money needed is also serious. Think of how much is that serious money.

I would go directly to add that extra data for you, I recommend you to visit this thread of SirJohnVonSlotty who is operating his own casino. In his AMA thread he has answered most of your questions and if you really want to have more detailed answers than send him a private message or leave your questions in his thread. I'm very sure that you'll get most valuable answers from that guy. Best of luck.

Adding a slot provider to a casino can vary in cost depending on the size of the casino, the number of slot machines desired, the quality of the provider, and any additional services or features included. Generally, the cost can range from tens of thousands to millions of dollars.


In my thinking, slot providers earn a percentage of the total losses incurred by the players. This means that the provider receives a share of the net revenue generated by the players who use their slot games. The exact percentage depends on the agreement between the provider and the casino operator. In addition, slot providers can earn money through licensing fees. Casinos pay these fees to gain access to the provider’s slot games. The amount of the licensing fee can vary based on the popularity of the games, the reputation of the provider, and the exclusivity of the agreement.


You can get a casino site template from any online platform that specializes in website templates. I know about TemplateMonster and I think there will be other professional platforms.


New casinos must have a bankroll to operate. The bankroll is essentially the amount of money that the casino has on hand to cover operational expenses, pay out winnings to players, and ensure financial stability. This bankroll is crucial for the day-to-day operations of the casino and is usually a requirement set by regulatory bodies in the gambling industry.


I cannot tell the cost of having a sportsbook provider but I think the cost must depend on the size of the operation, the services included, and the level of customization required.

Not really quite sure of it. But there are articles showing that it may be up to $500k or more. There will be people to be paid to basically run it and maintain it, developers and programmers, licensure or registration fees and more. Although it may vary on the people who will compose the platform. If you are a developer yourself then it could be lower, as if you will lessen the people you will be paying to have one. Also it depends on the game or services you will offer. Might not be the best answer you are seeking but I hope this will somehow be of any help. Most likely, if you are hoping to get your platform registered, then it would be making the capital bigger, which is what happens not only with gambling related sites, but also with other industries. However, given that restriction with gambling activities is more common in many countries, I assume that it is a factor to consider with the overall budget.