How much does it cost to launch an online casino?

Oct 28 (newsonjapan.com) - Playing casino games online can be quite thrilling.

But have you ever thought about how much money an average casino spends for you to spend a great time on the site? Online gambling websites put in a lot of time and money into wooing you into playing casino games online at their venue.

In this article, you will learn how much an average online casino spends in order to launch their site.

Let's begin!

How Casinos Make Money

The main profit of any gambling portal lies in gamblers' bets, who, as a rule, lose a little bit more money they win. It would be more correct to say that it is possible to win at an online casino, but in 51% of cases, the casino remains in the black. Multiply this one percent by hundreds of thousands of dollars worth of bets and you get a profitable business model.

How to Start an Online Casino

But what if the casino is not working yet, and there is nothing to place bets on? How much money do you need to open your online casino and keep it running?

Let's start from the very beginning. The first thing you need to open an online casino is the approval of the business plan. This is probably the cheapest stage in the casino organization, and it costs starting from 10 thousand dollars.

After registering the company, the future gaming site needs a license. On average, one license costs about 50 thousand dollars. And it will be better if the gaming site is available in several more countries, which means that you need at least two licenses. In total, we have 110 thousand dollars already at this step.

But even three licenses do not guarantee complete security on the site. The casino needs an encryption system. It will cost about 4 thousand dollars a year because this system works like a subscription for which you have to pay periodically.

Even at the early stages of the emergence of a gambling portal, it is very important to think over the design of the casino, because this is the first thing that attracts players. Website design, buying a domain, filling the site with text - all this will cost about 12 thousand dollars.

But that's not all. The casino needs to be filled with games. The more games from the best providers, the better. Further, when the gaming site is filled with games and everything you need, is ads. Those who have come across the issue of advertising campaigns know that it is very expensive. On average, about 15 thousand per month are spent on promotions of different sites. sa gaming

Ultimately, the casino needs to pay its employees - live casino dealer, support chat managers, and so on.

Conclusions

Summing up and counting the final check, it turns out that the casino spent at least $2 million in the first two years of work. And $200 is not such a big amount when a player loses or wins, isn't it?

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