How to Buy Online Casino Software in 2024: Complete Guide

Online Casino Software in 2024

One of the most asked questions for budding operators is how to buy online casino Software. In this blog, we will not only answer this question but also help you understand the know-how for making more informed decisions.

Casinos: the word comes with its own thrills—the excitement of the game, winning, and the adrenaline rush within those few seconds of placing the bet and the final results. Did you just feel the thrill and chills, remembering your last game? That’s exactly what casinos can do, bringing joy and a sense of accomplishment. 

While playing, how often have you considered opening a casino by yourself or discussed the idea of having a casino with your friends over drinks? 

We are all always on the lookout for a profitable business opportunity. This is why, after the success of traditional casinos, online casinos have gained popularity. More operators are coming in every month with their desire to purchase online casino software and ask about the cost of developing casinos. 

Today, let us dig in and find answers to every possible query related to online casinos and how to buy online casino software

What is an Online Casino?

An online casino is a virtual/online version of the traditional brick-and-mortar casino setup. Just like your traditional setup, online casinos let players participate and gamble in casino games but with the internet. 

It offers various games, including roulette, slots, poker, blackjack, and more. Players can easily access these online casinos through smartphones, laptops, and other internet-enabled devices. 

Users simply create an account, add funds in advance, and place bets on their favourite game. Later, this money can be withdrawn into their linked accounts, even instantly, as per will. 

Online casinos use RNGs (Random Number Generators) to replicate the odds found in traditional casinos and ensure fair play.

Many online casinos use affiliate marketing or loyalty programs to keep their players engaged. These loyalty programs include bonuses, promotions, free coins, etc. 

Read Also: Offline And Online Casinos: Pros & Cons For Business

Why Do You Need to Invest in Only the Best Online Casino Software?

Software for online casinos serve many crucial purposes for operators. It creates, operates, and helps manage online casino games successfully while providing a seamless and secure experience to both operators and players. 

1. Fully Functional Game Development

Online casino software is fundamental for developing and hosting an array of games, including card games, roulette, slot games, and more. The software must incorporate codes, graphics, sound effects, and other elements needed to create an engaging and entertaining gaming experience. 

2. Platform Functionality and Support

It usually comes with the underlying technology and infrastructure needed to operate the platform efficiently. This includes a Player Account Management (PAM) Dashboard, third-party integrations, online payment gateways, security tools, and support functionality. Together, these features will make it easy for an operator to run and manage the software and player base efficiently. 

3. Random Number Generation for Fairplay

RNGs are incorporated into the algorithm of online casino software to ensure fair play. They usually work on the model of generating random outcomes for the games. RNGs are critical components for such software because they ensure the integrity of the game and provide a fair game to all the players. 

4. Highly Secure Software

Online casino software comes packed with robust security measures to detect fraudulent activity in advance. It’s AI-trained to protect your crucial data at all times. This typically includes securing payment gateways and third-party integrations with encryption technologies and strict data protection protocols to protect your software against cyber threats. 

5. Customization and Integration

The best online casino software is customized to meet the operator’s specific branding needs. If operators have diverse needs, they can build it from scratch. You can even opt for white-label solutions that are pre-built with custom templates. Custom online casino software allows operators to integrate third-party services, payment gateways, and game providers seamlessly. 

Read Also: How to Start Land-Based Casinos? Helpful Tips

Key Factors to Consider While Choosing an Online Casino Software Developer

Key Factors to Consider While Choosing an Online Casino Software Developer

When you decide to buy casino software, multiple factors should be considered. To make the process easier for you, we have listed down the factors you can note. 

  • Games

The number of games and quality are equally important in your casino software. The higher the number of games with premium quality, the more diverse players’ needs your software will be able to cater to. Understand that some players might prefer retro games, whereas others may be more interested in slot games or roulette.

Premium quality games with HD graphics are the key. They can improve your casino lobbies exponentially. 

  • PAM-Back Office

Ask whether a Player Account Management (PAM) dashboard is available. It is vital for your business because this back office tool works as the motherboard for your entire software. It will include all the reports like player base, engagement, revenue, etc. Moreover, a PAM dashboard will also assist you in CRM, CMS, and affiliate marketing. 

  • Safety

Security for an online casino is paramount. Your players will be sharing financial and personal information with your platform, so their data must be protected. Look for online casinos that use advanced encryption technologies like SSL (Secure Socket Layer) to safeguard the information in the software. 

Additionally, fairness is crucial too. All reputable online casinos use RNGs to ensure fair games. These Random Number Generators, commonly known as RNGs, go under regular audit by independent firms to ensure integrity. You must check for certifications from eCOGRA or TST (Technical System Testing) with providers. 

  • Payment Modes

A fully integrated online casino will have a built-in payment system. However, in current scenarios, supporting fiat currency is not enough. Ask whether the software supports crypto currency, a new form of digital money prevalent in the world of iGaming. 

  • In-app Marketing Support 

Players are the bread and butter for the operator. It is important to retain existing players as well as find new ones to grow revenue. For this reason, look for how the software will help you streamline the bonus engine and affiliate programs

Pro tip: An efficient PAM dashboard will already host in-app marketing. 

Cost of Developing Online Casino Software from Scratch

Now that you’re aware of the know-how and key factors to consider while deciding to buy an online casino, the next prominent question in your mind will be the cost. We have broken down the entire cost for your reference below. Go through it carefully to design your budget. 

We have also added approximate operational costs to give you detailed insights and help you create a budget accordingly. 

Steps: Initial Setup Cost

  1. Licensing: usually ranges from $20,000 to $500,000 depending on different jurisdictions. 
  2. Software Development costs vary widely between $100,000 and $500,000. It also depends on the type of services you opt for, such as white-label or turnkey development. 
  3. Game & Sportsbook provider contract- $50,000- $100,000/month
  4. Marketing: $15000-$100,000 depending upon your scale of operations

That is a lot of cost to even begin with!

Now let’s see what will be the approximate operational cost to run this setup. 

Monthly Operational Costs

  1. Salaries: roughly around $74,000 for the entire team. 
  2. Affiliate software: approximately $1500 monthly subscription 
  3. Marketing costs: around $15000 on all paid forms of ads
  4. Security: average $2500 per month
  5. Other overhead costs: $7000-$8000

Well, given the amount spent, that does not seem like a good idea. But wait, there is an alternative. How about you buy white-label online casino software? Yes, that’s right. You can easily buy online casino at half the cost and time-to-market with PieGaming.  

Read Also: How to Open an Online Casino in Mexico?

Why Should You Choose PieGaming to Buy Online Casino Software?

Piegaming offers intuitive white-label online casino software to swiftly start your online casino operator journey. With different functionalities capable of catering to all your needs in one, this will be your right decision to kick-start that thrilling journey. 

With PieGaming, you get:

  • Affordable pricing
  • Least time-to-market
  • Over 2000+ games
  • Live and slot games
  • Licensed and regulated software
  • Scalable solution
  • 62+iGaming solutions
  • 40+ third-party integrations
  • In-built PAM for better control
  • 24/7 support
  • SSL or TSL encryption for data security

If you’re thinking of commencing your online casino business, this is the right time. The market is booming, jurisdictions are lowering restrictions, and players are becoming more aware. 

At PieGaming, we will help you determine your solution based on your needs and requirements. We offer both turnkey and white-label solutions that you can opt for, considering your budget and diverse requirements. 

Our array of game providers and third-party integrations allow our clients to choose from and swiftly begin their entrepreneurial journey. 

For more details, feel free to contact our experts. We will be happy to answer your queries, guide you through the process, and help you make informed decisions that are best for your business. 

Read Also: How To Open An Online Casino In Argentina? Beginners Guide

How to Buy Online Casino Software in 2024: Complete Guide

Nikita Ajmani

Nikitaa Ajmani is a passionate writer, specializing in exploring the dynamic world of iGaming. With a keen interest in technology and gaming, Nikitaa offers insightful analysis and information about the industry on her WordPress blog. Dive into the world of iGaming with Nikitaa to uncover the latest trends and innovations in the industry of online gaming.

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