How much initial startup to Start Cryptocurrency Casino?

[blockman]

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 is a good start but that won't be sufficient once the big gamblers get in, you'll have to be ready with any possible big wagers and big wins that they'll get.
Yes, that's the truth in operating casinos. It's not just all about the house winning at most times but also some gamblers will manage to win big and you have to be prepared for it. As said, it's just a good start but if you keep on that capital you have to limit the jackpots and wagers that your potential gamblers will do.

[qwertyup23]

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?

Creating and operating your own cryptocurrency casino can be very expensive. Apart from the capital you have to set-aside for your games, you have to purchase licensing agreements with the government of your country in order to operate legally. In addition to that, you have to purchase your own domain, hire a set of employees for your operations, create your own website (or hire a person to do so), and advertisements for promotions and exposure.

Personally, this kind of space is relatively crowded as there are tons of cryptocurrency gambling websites available on the market. You also have to be different from each website in order to attract users with your own unique style and promotions.

[Baofeng]

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?

Online casino? hmm, not sure if $100k will be big enough, though, you will need to hire some good developers and then the infrastructure and the support group as well. What if there is some whales who won big in your casino in the beginning?

And then you will have to promote it somewhere, here or own other social media platforms.

For me, it will take around $1 million at least cash on hand to be able to function in the next couple of months or years without any hitch.

[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?

Online casino? hmm, not sure if $100k will be big enough, though, you will need to hire some good developers and then the infrastructure and the support group as well. What if there is some whales who won big in your casino in the beginning?

And then you will have to promote it somewhere, here or own other social media platforms.

For me, it will take around $1 million at least cash on hand to be able to function in the next couple of months or years without any hitch.

$ 1 million is probably needed to make and operate a casino, especially if it is a new casino unknown to people.
As the casino owner, we must think that the costs will be very high, especially the casino and I have read what is conveyed by @tokeweed about the calculations needed to make the casino and run it.
It almost reached $ 2 million, which was a very large amount for the casino owner, which was why only a few people wanted to make a new casino.
The calculation can be even more if the casino owner wants to buy a premium domain where the price of the domain can be many times than buying a new domain.

[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 ?

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.

that is exactly my point here , imagine that how much amount would they need to carry once there is a huge winning ? because even if not expected Luck will be there and wins will comes out.
better for them to be ready than to send nothing when the players need to withdraw and they will accused of being cheater just to save themselves from paying.

[maydna]

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?

Creating and operating your own cryptocurrency casino can be very expensive. Apart from the capital you have to set-aside for your games, you have to purchase licensing agreements with the government of your country in order to operate legally. In addition to that, you have to purchase your own domain, hire a set of employees for your operations, create your own website (or hire a person to do so), and advertisements for promotions and exposure.

Personally, this kind of space is relatively crowded as there are tons of cryptocurrency gambling websites available on the market. You also have to be different from each website in order to attract users with your own unique style and promotions.

If we talk about starting a business, especially if it is a gambling business, we will talk about a large amount of money that we cannot imagine. We can only talk about the estimated money we can prepare to start a business, but that number can be greater than we are talking about. The most important thing about the casino is the license factor, which might be expensive because the license will make people who believe that our business is valid and trustworthy. If he wants to start a gambling business, he must be able to find a different uniqueness from other casino sites because that makes gamblers curious and want to try to play gambling at our casino.

[Cookdata]

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?

Although $100,000 may appear to be a large sum, there are other factors to consider. My first question is if you are the founder. Do you have developers that will create the software and websites for you? These are quite important for your casino, if you don't have any, you will spend more than that, believe me, because you'll pay them to create them for you, and you may even conduct a bounty test after the design to check for loopholes and beta testers. You can't expect a casino gambling with money to run smoothly at the start, you'll have to conduct a lot of cross examination.

You mentioned promotions, which are another way to entice customers and players to your casino, but using that budget wouldn't be sufficient because, for example, if you promised a player a 200% or 300% deposit and they all made deposits totalling $300k, how do you intend to raise the remaining funds? Remember that it is not all the players will lose if indeed your casino is fair, you would go bankrupt and might even be forced to close down. I advise you to secure more funds before launching your gaming business.

[Mauser]

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?

That is a bit hard to answer. I don't think there is a fixed number that is going to cover all your expenses and possible withdrawals, because of so many variables in the gambling industry. First of all, are you planning to work all alone on the casino or do you need employees? It can be quite expensive if you hire support staff, IT specialist that run the website and casino for you, and a security system to make sure there are no leaks and your money is save. The more people that work for you the higher your monthly running cost and your 100k USD could spent quickly. Another factor that can be quite expensive is advertising cost. It depends on how fast you want to grow your casino, to attract a large number of gamblers you need to run some ads to promote your casino. All this will be initial cost that only after a few month will be recovered by money made from your casino. And the last big factor is your bankroll to cover potential outflows. It could happen that a whale plays at your casino, becomes lucky and wins 50k USD. That would ruin your bankroll and needs to be addressed quickly. It's probably better to make sure that you other monthly income that you could rely upon to cover potential outflows.

[mindrust]

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?

If you don’t have an idea of starting a casino from scratch, even a million USD might not be enough. $100k is definitely not going to be enough for everything imo. What’s your casino’s bankroll going to be? $50k? No serious gambler will want to play there. $100k maybe enough for your education about this business but it is not enough to start a serious casino. That’s because you will have lots of hidden costs which you can’t even imagine now. There are much better, easier, safer businesses which you can invest your $100k and still can make decent returns.

[casinodevservices]

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?

Development cost is about 3k, I can make one for you, dm me on here or discord digby#9927
All these people who say "1 million or 300k" have no experience. I can answer your real questions.

[acroman08]

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?

Development cost is about 3k, I can make one for you, dm me on here or discord digby#9927
All these people who say "1 million or 300k" have no experience. I can answer your real questions.

Lol, did you even read some of the conversations? people who say $300k or $1 million are not just talking about the development cost. opening a decent online casino is expensive though it is still nothing compared to when opening a physical casino. also, the OP is not planning on making a casino he is just simply asking how much capital is needed to open a crypto casino.

[Trasher Travis]

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?

The most important parts of the Casino Gambling idea are the Casino Software and the Marketing. Presenting a mind blowing casino platform with highly interactive web app and putting most of the efforts on the marketing part would make the idea a success with more funds inflow.

I myself a web app(crypto based) developer, the s/w won't cost that much as mentioned in the other replies, but it is important to have an highly efficient gambling s/w with top notch security as it involves cryptos.

If you want to discuss about the Casino Gambling web app, you can reach me to my telegram : Travis_BZ  we can discuss if you interested to now more.  My Git: https://github.com/trashertravis

[casinodevservices]

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?

Development cost is about 3k, I can make one for you, dm me on here or discord digby#9927
All these people who say "1 million or 300k" have no experience. I can answer your real questions.

Lol, did you even read some of the conversations? people who say $300k or $1 million are not just talking about the development cost. opening a decent online casino is expensive though it is still nothing compared to when opening a physical casino. also, the OP is not planning on making a casino he is just simply asking how much capital is needed to open a crypto casino.

In my experience people have started crypto casinos with about 15k at most, mainly because they dont need to worry about laws. Starting a licensed casino is significantly more expensive and, as you said, a physical casino would probably be in that millions area yes.

[Jawhead999]

Since I never create a startup especially on casino industry, so I don't have any idea how much it's cost to create good and well prepared casino. You can start as low as $100 by just creating poor site, hosting a bad URL and add your own game, I've seen new casinos usually like this. But of course no one will want to visit your casino since there's nothing can attract them. At least you must create a casino with short and interesting URL, have 2-3 gambling providers, slick UI/UX, and welcome bonus.

[coin-investor]

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?

Development cost is about 3k, I can make one for you, dm me on here or discord digby#9927
All these people who say "1 million or 300k" have no experience. I can answer your real questions.

Lol, did you even read some of the conversations? people who say $300k or $1 million are not just talking about the development cost. opening a decent online casino is expensive though it is still nothing compared to when opening a physical casino. also, the OP is not planning on making a casino he is just simply asking how much capital is needed to open a crypto casino.

In my experience people have started crypto casinos with about 15k at most, mainly because they dont need to worry about laws. Starting a licensed casino is significantly more expensive and, as you said, a physical casino would probably be in that millions area yes.

Really can you prove that, all the articles I read about launching an online casino cost anywhere from $400k to over $1 million can you give me a breakdown of what a $15k can set up, let's take out the licensed part only the script, the software provider and reserves that $15k is good only for a month-long promotion of a casino

Development cost is about 3k, I can make one for you, dm me on here or discord digby#9927
All these people who say "1 million or 300k" have no experience. I can answer your real questions.

Well this is a big challenge for you, make a breakdown and prove those articles and experts that they are wrong and you are right lets see what you can come out.

[348Judah]

Even if there's a platform for lending financial aid for an establishment of a casino  I will not like to have such recommended for someone because of the risk involved, before one can concluded on establishing a casino, such individuals or group must have make enough savings over a long time to be able to meet up with the capital requirements for creating a new casino and a full and complete feasibility study for the location it will be situated in other to attract gamblers, some people merge together to create one and place every shareholders on a particular plan after considering the whole capital involved for creating a single casino.

[fortunecrypto]

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?

Development cost is about 3k, I can make one for you, dm me on here or discord digby#9927
All these people who say "1 million or 300k" have no experience. I can answer your real questions.

That's the development cost, not the overall cost, development and the overall cost is different, development is like a setup I can set up a WordPress site for $100, the domain cost $15, and hosting cost $85 for a year but turning it to the working platform means you will add more plugins and buying a premium script, in the case of casino you need a game provider so what games providers on this list that you are going to install with $30k

https://beto.com/game-providers

And can you give us a screenshot of one of the casino you set up completely with $30k this is your chance to prove that you are legit and sell what your service

[QueenVera]

I don't think there are maximum amount required to start an online casino because starting a casino all depends on how much ones budget is as one can also start a casino with relatively small capital of about $10k as one of the members stated earlier and in such situations, one needs to keep everything very low even for stakes too.
One must have to put alot into consideration while starting a casino be it a physical or online casino and for online casinos, always ensure that you have an active team and also an active customer to respond to the problems that might be encountered while using the casinos and just be  transparent in all you do.

[casinodevservices]

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?

Development cost is about 3k, I can make one for you, dm me on here or discord digby#9927
All these people who say "1 million or 300k" have no experience. I can answer your real questions.

Lol, did you even read some of the conversations? people who say $300k or $1 million are not just talking about the development cost. opening a decent online casino is expensive though it is still nothing compared to when opening a physical casino. also, the OP is not planning on making a casino he is just simply asking how much capital is needed to open a crypto casino.

In my experience people have started crypto casinos with about 15k at most, mainly because they dont need to worry about laws. Starting a licensed casino is significantly more expensive and, as you said, a physical casino would probably be in that millions area yes.

Really can you prove that, all the articles I read about launching an online casino cost anywhere from $400k to over $1 million can you give me a breakdown of what a $15k can set up, let's take out the licensed part only the script, the software provider and reserves that $15k is good only for a month-long promotion of a casino

Development cost is about 3k, I can make one for you, dm me on here or discord digby#9927
All these people who say "1 million or 300k" have no experience. I can answer your real questions.

Well this is a big challenge for you, make a breakdown and prove those articles and experts that they are wrong and you are right lets see what you can come out.

Development costs for a crypto casino are around 3k, and from there you can build a bankroll from your first withdraws. It will pay for itself if you market correctly.

[virasisog]

Having enough funds shouldn't be the only thing to focus on. Putting up a casino isn't an easy thing. It would require your skills and knowledge of this business and be honest, establishing a reputable casino will be hard if you can't meet the standards of most players. You have to make sure that you're also able to meet all the requirements needed to run a casino and where to get trusted people who could help you run this business successfully. You could risk a huge capital but you might lose it if you are not knowledgeable enough about what you are doing.