How much initial startup to Start Cryptocurrency Casino?

[Ebede]

You need a things how they will be work. So there is would be based how is your business work, How much about script, servers, license, office, regulation, team, promotion and etc.

Many those casino work until now, they never sign message for they bankroll/funds able to paid to public.

That is why it is not good for someone to promote or go into a casino gambling that is not well known or have no answers for operation so that is why some of them who gamble because of bonus of gambling website always lose about it by the end of the gamblling. I think it's some of them to start by not having access to the particular site or the gambling so that is why I always preach to people to know the kind of gambling that form they will bet with

[seoincorporation]

Hi guys I wanted to ask some of big family members who have experience in crypto and also in gambling. But my experience is not good in gambling.
If someone wants to start a Gambling casino online with Cryptocurrency than how much money is needed. I think that 100k dollars initial capital would be enough to satrt a better casino. Cause we have to promote and also do other such promotions.
So what are your thoughts?

it depends on what kind of casino you want to run, if you want a casino with your own games maybe you can get a cheap engine and give the site $50,000 of bankroll. And if you want to get the main slot providers and a fancy engine, then that budget will not be enough. With a $50k bankroll I would set a max win up to $1,000 but that will not attract big hight rollers.

[Saisher]

Hi guys I wanted to ask some of big family members who have experience in crypto and also in gambling. But my experience is not good in gambling.
If someone wants to start a Gambling casino online with Cryptocurrency than how much money is needed. I think that 100k dollars initial capital would be enough to satrt a better casino. Cause we have to promote and also do other such promotions.
So what are your thoughts?

You'll have to spend anywhere from 500k to $1 million to get a good casino running and that includes license and marketing, sure you can start with $100k but you can only get scripts coming from Code Canyon, this is the kind of script scammers are using because they can easily get their cost back if a developer spent over $1 million he will try making it a great casino with a lot of features and hire a good marketing team and PR,
because it will take several months before the ROI or return of profit besides the gambling community will not support casinos they believe are using cheap scripts and software and games providers.

[harizen]

Hi guys I wanted to ask some of big family members who have experience in crypto and also in gambling. But my experience is not good in gambling.
If someone wants to start a Gambling casino online with Cryptocurrency than how much money is needed. I think that 100k dollars initial capital would be enough to satrt a better casino. Cause we have to promote and also do other such promotions.
So what are your thoughts?

Might be hard to just make an estimate not unless a site owner that runs a gambling site for a long will make a response here. But if used by common sense, $100,000 capital might be enough but what if on the way, there will be lots of big wins by your users?

And marketing is critical as with the tough competition in the gambling industry nowadays, your promotion is something to be unique. It's not even an assurance that after you spend decent money on marketing, it will bring a good result for you.

You have to consider the cost of hiring professional people in building and maintaining your gambling site. Since you don't have any knowledge about it, it's a no-brainer that you will operate your gambling site alone. You need a team and you have to pay them. What if you weren't able to attract more users to your site? No revenue is coming.

[Chikito]

I think that 100k dollars initial capital would be enough to satrt a better casino. Cause we have to promote and also do other such promotions.
So what are your thoughts?

If you have a good manager and are able to manage that $100K, I things is good for the next 1 or 2 years. But the casino business is growing up every year and has competition between providers, If your site doesn't have developed during the year that will make costumer leave and find a new atmosphere. I don't how possible if you can make a profit to be more than 100k during the year, don't forget about development, then after all good, you have to find good marketing.

[wxa7115]

Hi guys I wanted to ask some of big family members who have experience in crypto and also in gambling. But my experience is not good in gambling.
If someone wants to start a Gambling casino online with Cryptocurrency than how much money is needed. I think that 100k dollars initial capital would be enough to satrt a better casino. Cause we have to promote and also do other such promotions.
So what are your thoughts?

There is not a definitive answer we can give you as the size of your budget depends on the size of the casino you want to create, the maximum bet you will allow, the budget you want to assign it promote your casino and for how long can you run your casino for a loss or just breaking even before it begins to generate profits.

Since all of those factors are variable the answer could change, with 100k being the bare minimum in my mind and the maximum being a few million dollars.

[Don Pedro Dinero]

Hi guys I wanted to ask some of big family members who have experience in crypto and also in gambling. But my experience is not good in gambling.
If someone wants to start a Gambling casino online with Cryptocurrency than how much money is needed. I think that 100k dollars initial capital would be enough to satrt a better casino. Cause we have to promote and also do other such promotions.
So what are your thoughts?

Well, if you don't have much gambling experience, I don't know where you get the figure from, but from the answers you can see that it's OK if you're talking about a low budget casino.

I don't know if you're half serious about setting one up. Apart from setting it up, like setting up the website and keeping it running, you will have to think about what currencies you are going to accept, how many people you are going to have working, what promotions to implement to attract customers and retain those who have already tried the casino, etc. It's not just a matter of initial investment, then you have to keep it running.

Now, if it works, an online casino is a cash flowing machine that makes a lot of profit. Just look at the movement in this section of the forum and the casino signature campaigns.

[Reid]

$100k is a lot of money. Start small, that's one you should consider first. I know that these times had been hard for every person because of the economic problem but you cannot just jump into higher steps without reputation yet. I'll focus on building that as an initial goal. Once you are established then that's when you can try new things.
Recently, I have been seeing more online casinos starting in the business, maybe that's the cheapest way to start before you add other games and sports betting.

[Zlantann]

Hi guys I wanted to ask some of big family members who have experience in crypto and also in gambling. But my experience is not good in gambling.
If someone wants to start a Gambling casino online with Cryptocurrency than how much money is needed. I think that 100k dollars initial capital would be enough to satrt a better casino. Cause we have to promote and also do other such promotions.
So what are your thoughts?

Apart from all the information you have gotten so far from this thread it is also important you get information from experienced campaign mangers in the forum. You can send them personal messages and get their views because they are well grounded in the field of gambling. They are the ones that can give you a first hand knowledge about operating a casino. You can also contact some casino owners that operates or have built successful gambling firms, their advices can also be vital. You could also use the internet to gather information that might really assist you in your endeavor. But my own advice it that your first goal should be to give quality service to your customers and not necessarily profit maximization. Good luck mate, I am expecting to hear about your exploit in the sector.

[Wexnident]

For the website itself, you'd probably need a minimum of $10k for a freelancer to develop it, and I wouldn't exactly call it a casino that could compete with other famous ones if you're going for the absolute minimum. Whitelabels exist but I'm not particularly sure how much they are (I think they're around $15,$20k at least?), not to mention that you'd still need to hire a team to manage said Whitelabel to suit your taste. Then there are the website certifications, hosting, etc., plus the license of the casino.

That's just the website part, there's much more you'd need to spend on like marketing, staff/employees, plus a bulk of funds for winners in your casino. $100k might be enough if you scrimp but I don't think the casino would grow or last if you did that.

[Uzairjutt275]

Hi guys I wanted to ask some of big family members who have experience in crypto and also in gambling. But my experience is not good in gambling.
If someone wants to start a Gambling casino online with Cryptocurrency than how much money is needed. I think that 100k dollars initial capital would be enough to satrt a better casino. Cause we have to promote and also do other such promotions.
So what are your thoughts?

I think 100k dollars enough for run a casino. If you don't have much knowledge about the casino or gambling then it is enough. You can manage many games in casino and also in these money you can also promote your casino in different ways.

[SirJohnVonSlotty]

I see that everyone is throwing the 100k amount as "enough" and that's not true. That's barely enough to cover your bankroll for the VIP players, let alone jackpots.

If you're planning on opening a legit, licensed casino, with some caps on winnings and withdrawals, then you're probably looking at a minimum of 1 mil, with 3 mil being ideal.

Some of the service platforms that you'll employ will cost money + a percentage of your revenue. Other platforms will ask for a fixed monthly fee, look at Swiss Soft for the platform, Affilka for the Affiliate management, Coinspaid as a payments provider and so on.

You'll be looking at a minimum of 10 people employed for three years, which can get expensive within the iGaming sphere.

Then you have the affiliate deals, which can eat you up within the first six months.


So, the biggest expenses that I would say are (ranked)
#1. Bankroll funds (for payouts, jackpots, VIP players etc)
#2. Marketing costs (SEO, Affiliates, Promotions)
#3. Platform cost (fixed + rev share deals)
#4. Employment (depends how much people you have)

[Slow death]

You need a things how they will be work. So there is would be based how is your business work, How much about script, servers, license, office, regulation, team, promotion and etc.

online casinos do not have physical offices, so at least in this part they do not spend money, because to build a physical office costs money and not little money because it will depend on the location of the office and no one would build an office in a place with few people, everyone want to be in the city, where there are many people, about the team, without a doubt this is a headache, because the ideal is to always choose people from the real world that the person knows, and not choose random people from the internet

Many those casino work until now, they never sign message for they bankroll/funds able to paid to public.

on this issue and until the other day I was wondering if maybe some of these new casinos were running casino with low funds and as everyone knows that at the end of the day the casino always makes a profit so it starts to get high bankroll, it's just my suspicion or assumption


creating a casino is a process, you first need to research how much each step of creating an online casino costs, for that you need to ask several people linked to the management of a casino, after you know the amount you will have to spend so you have to choose a good team and with that team it will be easy to take care of everything

[Reatim]

That $100k capital would be enough to start a crypto casino, maybe you just need to budget everything and focus more on creating a great platform and a great marketing system, or else that money will just be wasted. You can also start looking for an investors if you already finished doing your site, it will not be easy at first but if you are able to create a good name already, I’m pretty sure everything will be ok.

if the limit of betting is smaller than normal then 100k maybe enough because if someone hits jackpot then this wont be enough to pay them . or at least several people wins good amount together so the release of winning will be higher than expected.
but what i want to learn is that if OP is interested in bringing a casino site? or this is just a question of curiosity ?

[traderethereum]

Hi guys I wanted to ask some of big family members who have experience in crypto and also in gambling. But my experience is not good in gambling.
If someone wants to start a Gambling casino online with Cryptocurrency than how much money is needed. I think that 100k dollars initial capital would be enough to satrt a better casino. Cause we have to promote and also do other such promotions.
So what are your thoughts?

More money is better in starting a casino because the promotion will cost more.
But if you think $100k will be enough, maybe it's only for a few months and you should still have a reserve fund especially if several players can win quite a lot of money.
You need to know that there is no specific amount in starting a business, especially in the casino business, because the casino business requires a lot of money.
And if in a few months, your casino can get a pretty good increase so that it can get a sizable profit, that means your casino has started to grow and this needs to be improved again.

[SirJohnVonSlotty]

online casinos do not have physical offices, so at least in this part they do not spend money, because to build a physical office costs money and not little money because it will depend on the location of the office and no one would build an office in a place with few people, everyone want to be in the city, where there are many people, about the team, without a doubt this is a headache, because the ideal is to always choose people from the real world that the person knows, and not choose random people from the internet

This is not true, licensed casinos need to have a registered office, some of them even require more than one.

MGA licenses as one example, where you have to have an office in Malta.
Curacao license as the second example, where you have to have it in Curacao.

Then, if you want to attract talent, you can't have just one office on a remote island, you need it somewhere where the talent is.

It's another story if it's an unlicensed casino, then it's rouge territory.

[kamvreto]

More money is better in starting a casino because the promotion will cost more.
But if you think $100k will be enough, maybe it's only for a few months and you should still have a reserve fund especially if several players can win quite a lot of money.
You need to know that there is no specific amount in starting a business, especially in the casino business, because the casino business requires a lot of money.
And if in a few months, your casino can get a pretty good increase so that it can get a sizable profit, that means your casino has started to grow and this needs to be improved again.

Promotions are indeed more expensive because that is to introduce casinos and provide bonuses for early users as an attraction so that new players want to put their money into the casino.
The bigger the bait given, the bigger the fish you get.
The system created by the casino is also not designed to always win the player, the system will certainly side with the dealer so that the dealer benefits more often and only a few times can the player get the jackpot.
The casino is a gambling business with a large turnover of money, many players make deposits and hope to win. profits will increase.
Casinos that last a long time certainly have a good strategy and ongoing promotions, giving lots of bonuses and the like.

[Johnyz]

That $100k capital would be enough to start a crypto casino, maybe you just need to budget everything and focus more on creating a great platform and a great marketing system, or else that money will just be wasted. You can also start looking for an investors if you already finished doing your site, it will not be easy at first but if you are able to create a good name already, I’m pretty sure everything will be ok.

if the limit of betting is smaller than normal then 100k maybe enough because if someone hits jackpot then this wont be enough to pay them . or at least several people wins good amount together so the release of winning will be higher than expected.
but what i want to learn is that if OP is interested in bringing a casino site? or this is just a question of curiosity ?

Probably an idea for his future plans, making a good site will always needs a lot of money because you have your point here that if someone win the jackpot, how the site will pay that player if they have a limited funds especially if there's still a few gambler on their site. $100K is  good for a small gambling site with a winning limit, this is not easy though because a gambling site is not just about the capital, it also needs a great team.

[Yatsan]

That $100k capital would be enough to start a crypto casino, maybe you just need to budget everything and focus more on creating a great platform and a great marketing system, or else that money will just be wasted. You can also start looking for an investors if you already finished doing your site, it will not be easy at first but if you are able to create a good name already, I’m pretty sure everything will be ok.

if the limit of betting is smaller than normal then 100k maybe enough because if someone hits jackpot then this wont be enough to pay them . or at least several people wins good amount together so the release of winning will be higher than expected.
but what i want to learn is that if OP is interested in bringing a casino site? or this is just a question of curiosity ?

Probably an idea for his future plans, making a good site will always needs a lot of money because you have your point here that if someone win the jackpot, how the site will pay that player if they have a limited funds especially if there's still a few gambler on their site. $100K is  good for a small gambling site with a winning limit, this is not easy though because a gambling site is not just about the capital, it also needs a great team.

I think it would depend on the 'size' of the gambling platform as well as its 'content'. Since we are talking about online platform as a gambling site, size refers to its accessibility to players in particular with server. Well I'm not quite sure of it but according to my friend, which created an application before, the larger the server the more it would be expensive to actualize (feel free to enlighten me). Next is the content such as UI of the site, animations, which I believe would require big salary for the professional will create your platform and this includes maintenance of the site itself. Another to consider is the prize pool or reserve of the platform ( which I guess $100k won't be enough especially if it is a big project). Registration of license is lso another thing. These are just my general thoughts as a player and as a user of different online platforms, so this is open for corrections.

[irhact]

Hi guys I wanted to ask some of big family members who have experience in crypto and also in gambling. But my experience is not good in gambling.
If someone wants to start a Gambling casino online with Cryptocurrency than how much money is needed. I think that 100k dollars initial capital would be enough to satrt a better casino. Cause we have to promote and also do other such promotions.
So what are your thoughts?

$100k could be small depending on the type of users your casino attract. We have whales gamblers that like to bet with new casino and try to capitalize on some flaw the casino might have and this whale gamblers can use as much money to bet and if you don't have the funds to payout could cause some problem. We have seen bet slip of users using as much as $10k to place bet.

If your casino don't have the funds to pay out then that would be an issue and might destroy the reputation of your casino even before you are able to build it. $100k could be a decent amount to hold but make sure the casino has reverse funds or have were to get them from Incase the casinos runs into financial difficulties.