How much does it cost to start an online casino? This is a question that everyone interested in getting into the world of gambling must consider. The online casino business is lucrative and there are a lot of companies making a lot of money. It is not the easiest of businesses to break into, however.
How much does it cost to start an online casino?
You will need to pay for:
- Website Design and SEO
- Gaming Software
Lets break it down.
Licensing – You need a gaming license if you are to be taken seriously and not risk getting in trouble with the authorities. Getting this license is not an easy task and requires you to be serious about the business. Getting a license is the only way that you can even dream of licensing gaming software from the top providers.
Estimates range between $20,000 for a low-quality license to $50,000 for a more reputable license.
Website Design and SEO – You will need to spend somewhere around $10,000 for a high-quality website design. This is a one-time cost but the cost of running the servers as well as SEO is a recurrent one. There is no limit to what you can spend on SEO but conservative estimates should make it around $1000 per month.
Gaming Software – This is a big one. Software providers have packages that start around $5000 per month to way more. This depends on the kinds of games you want, the quality of the provider, and the support you need. This is the heart of the online casino and so don't plan on saving pennies here.
Marketing – The only way that you are going to be able to get your name out there is if you have a big marketing budget. Established casinos sponsor major football teams but you can start smaller with google ads! Add another $3000-5000 approx per month for ads.
Support – Getting together a support team is not easy. Add another $5000 per month if you outsource the entire gig and a lot more if you want to build in-house support staff.