How much does it cost to have your own Casino?

[seoincorporation]

We see new casinos each day on the Gambling section of this forum and it makes me think it's easy and anyone could have one, so, i have some questions and hope the community can help me with the right answers.

1.-How much cost to add a slots provider to your Casino?

2.-Do slots providers earn for each roll or for the total loss from the client, and what percent?

3.-Where can I get a casino site template?

4.-Does new casinos need to have a bankroll or do they have a provider for that too?

5.-How much does it cost to have a Sports book provider?

Thanks for your answers, and if you want to add some extra data that you consider relevant i would appreciate it.

[1714302869]

1714302869

[SmartGold01]

I think were you need to spend more is to develop your site which you need to hire dev/ who will build your casino site, and to get a template they always have some sample to show you how you would want your casino site to looks like. Same people might help you reach out to all that you need or i will suggest you move this question to the project development board, I think you will get the best answer over there since most dev doesn't post in this section of this forum most of them aren't gambler they finds it very hard to post here.

[kojektea]

It is indeed quite easy to build an online casino, I don't know how much it costs to provide slots in the casino you own, I don't think it's that simple, is there no audit, and other stages, there are many service providers on the forum or outside the forum for build a casino site, only at a fantastic cost

[bittraffic]

I think were you need to spend more is to develop your site which you need to hire dev/ who will build your casino site, and to get a template they always have some sample to show you how you would want your casino site to looks like. Same people might help you reach out to all that you need or i will suggest you move this question to the project development board, I think you will get the best answer over there since most dev doesn't post in this section of this forum most of them aren't gambler they finds it very hard to post here.

I think it is the marketing that will flush their funds from the beginning, this is where they would spend to stay in the game.

I have no idea how much but for someone who had been gambling for years, it probably crossed their minds that owning a casino is more profitable than just playing on it.  Owners we know are making millions of money each year, they even sponsor a sports team to promote the casino making this a very desirable business.

Can a single person even manage a casino with a sportsbook especially security of funds?

[noormcs5]

It is indeed quite easy to build an online casino, I don't know how much it costs to provide slots in the casino you own, I don't think it's that simple, is there no audit, and other stages, there are many service providers on the forum or outside the forum for build a casino site, only at a fantastic cost

I totally disagree that it is easy to built or run a casino. Not everyone can own or develop a casino. You need to know How Much Does it Cost to Open a Casino? [Land-Based & Online].
This is not like getting a website, applying a theme and you are ready to start a business. In this business model, you need to have a big initial capital so that you can pay off the gambler's winnings initially from your pocket. Also, the cost and scenario is different for the  physical and online casinos and a proper case study needs to be analyzed before you think of starting this business.

[Yatsan]

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.

[borovichok]

1.-How much cost to add a slots provider to your Casino?

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.

2.-Do slots providers earn for each roll or for the total loss from the client, and what percent?

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.

3.-Where can I get a casino site template?

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.

4.-Does new casinos need to have a bankroll or do they have a provider for that too?

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.

5.-How much does it cost to have a Sports book provider?

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.

[SamReomo]

Thanks for your answers, and if you want to add some extra data that you consider relevant i would appreciate it.

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.

[livingfree]

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.

[darkangel11]

1.-How much cost to add a slots provider to your Casino?

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.

2.-Do slots providers earn for each roll or for the total loss from the client, and what percent?

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.

3.-Where can I get a casino site template?

Google it. There are whole casinos for sale.

4.-Does new casinos need to have a bankroll or do they have a provider for that too?

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.

[SirJohnVonSlotty]

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.  

We see new casinos each day on the Gambling section of this forum and it makes me think it's easy and anyone could have one, so, i have some questions and hope the community can help me with the right answers.

1.-How much cost to add a slots provider to your Casino?

2.-Do slots providers earn for each roll or for the total loss from the client, and what percent?

3.-Where can I get a casino site template?

4.-Does new casinos need to have a bankroll or do they have a provider for that too?

5.-How much does it cost to have a Sports book provider?

Thanks for your answers, and if you want to add some extra data that you consider relevant i would appreciate it.

[alastantiger]

We see new casinos each day on the Gambling section of this forum and it makes me think it's easy and anyone could have one, so, i have some questions and hope the community can help me with the right answers.

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.

[Don Pedro Dinero]

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.

[Agbamoni]

It is indeed quite easy to build an online 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.

[moneystery]

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.

[mu_enrico]

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.

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.

[seoincorporation]

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'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.

[Gormicsta]

I think were you need to spend more is to develop your site which you need to hire dev/ who will build your casino site, and to get a template they always have some sample to show you how you would want your casino site to looks like. Same people might help you reach out to all that you need or i will suggest you move this question to the project development board, I think you will get the best answer over there since most dev doesn't post in this section of this forum most of them aren't gambler they finds it very hard to post here.

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.

[Lucasgabd]

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

[crwth]

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?