Are you thinking about starting your own online casino?
Jurisdiction
The first thing to consider is obtaining a license to. This can vary depending on the jurisdiction.
For example, a license in Malta may cost around $50,000, while a license in the United Kingdom can cost up to $2 million.
Software
There's the cost of the software and platform used to run the casino. Purchasing a turnkey solution from a provider like Microgaming or Playtech can cost anywhere from $80,000 to $500,000.
Legal
Hiring a legal team to ensure compliance with laws and regulations and to handle any disputes or legal issues that may arise can also be costly.
It can cost around $20,000 to $50,000
Payment Processing
Setting up and maintaining payment processing can be significant, with fees for merchant accounts, payment gateway fees, and chargebacks. It can cost around $10,000 to $30,000
Games
you'll also need to consider the cost of acquiring the rights to offer certain games, such as poker or blackjack.
A license for a popular platform like Microgaming can cost $10,000 to $50,000
Technical support
This can include hiring IT staff, software developers, and hosting costs. It can cost around $20,000 to $50,000 / Month
Advertising
The cost will depend on the marketing strategies used, such as search engine optimization, pay-per-click advertising, or affiliate marketing.
The costs can start from $50,000 to $200,000.