Online gambling is one of the biggest industries in the world today. Land-based casino owners are taking advantage of the flourishing market and operating online casinos. The rise of technology has digitized various aspects of our life and the casino industry is no exception. In the technological era, anyone can access live casino games with just their smartphones. Gone are the days when gamblers had to visit a brick-and-mortar casino to gamble. This is one of the main reasons why people are attracted towards online casino games. The rising popularity of online casinos has opened new horizons for live casino game development.
However, launching and operating a live casino is a herculean task. There are various factors to consider like the cost, features, market scenario, etc. Luckily for you, we have brought you the ultimate guide to casino game development. But first, let’s take a look at the market statistics.
According to Grand View Research, the worldwide online gambling market was worth $57.5 billion in 2021.
It is expected to grow at a CAGR of 11.7% during the forecast period(2022-2030). It is expected to be valued at $153.6 billion by the year 2030. (Source)
Live Casino Industry Trends
The online casino industry is expanding and constantly innovating. Casino game developers are experimenting with the latest technologies and trying to incorporate them into online casino platforms. Here are some of the industry trends currently going strong in the live casino industry.
Integration of the Cryptocurrencies
Cryptocurrencies are dominating the live casino industry. Many gaming enthusiasts prefer to make transactions using cryptocurrencies because of their accessibility. Unlike fiat currencies, crypto provides a faster deposit & withdrawal process and better security. Another benefit of using cryptocurrencies is that it helps the players to maintain the anonymity of the transaction. Cryptocurrencies are prevalent in the casino industry, and some casino owners also provide additional deposit bonuses on crypto payments.
VR Based Live Casino Games
Virtual reality is another technological advancement that helps casinos provide a more realistic gaming experience. VR-based live casino games provide an immersive and interactive gaming experience. With the help of VR headsets, online gamblers can visit a live casino floor and enjoy the fun of casino games like an actual land-based casino.
The use of VR in live casino games is taking the industry by storm, game developers are now looking to incorporate other future technologies like AR, IoT, and Metaverse into online casino games. It is no doubt that the introduction of these technologies will revolutionalise the online casino industry.
Live Dealer Games
Live Dealer games are very sought-after in online casinos. An online casino with a live dealer is the perfect blend of an online game and a gaming session in an actual casino. If you’re bored with traditional online casino games, you should try live dealer games. They are more interactive and the presence of a live dealer allows us to observe every move of the croupier. High-quality graphics and relatable soundtracks give a realistic feel to live casinos.
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Amazing Audio & Theme
The brilliant gameplay and soundtrack go a long way to bring the best gaming experience to the players. Therefore, a large number of live casino games are incorporating different soundtracks and themes similar to real-world casinos. It brings a great level of satisfaction to the players and keeps them engaged with the game for hours.
The most recent trend in the online gambling industry is the introduction of metaverse casinos. Metaverse casinos provide a decentralized environment and allow true ownership of in-game assets by gamblers. In Metaverse casinos, gamblers can win prizes in the form of NFTs, crypto tokens, etc.
A metaverse casino is just like a traditional casino but it utilizes the latest technologies like AR/VR to provide users with an enhanced gambling experience regardless of where they’re located. It utilizes blockchain technology to provide a more transparent, and safe gambling environment. To read all about Metaverse casino development.
Four Steps to Start Your Own Live Casino Game
By now, you must have known that live casino development is a profitable venture. If you are willing to start your own live casino game, then the following four steps are going to provide great aid to you.
Online Gambling License
The license is the first and foremost thing that will enable you to operate in the desired jurisdiction area. The process involves selecting the countries where live casino games are legal. Different regions have different gambling laws. The United States has state-wise gambling laws, it is illegal in some states while others have legalized it. If you want low tax returns, you can opt for a license from the Government of Curacao.
Setting Up a Payment Gateway
Since live casino games involve financial activities, setting up a payment gateway is a crucial thing to do. You can associate with an experienced live casino game development company like BR Softech to set up a payment gateway that provides an advanced level of security and multiple payment options including cryptocurrency payment. The transaction process should be simple and quick so the user doesn’t have to go to any trouble to deposit and withdraw their winnings.
Accomplishing User-Friendly Live Casino Website or Application
There are plenty of live casinos already operating in the market. The foremost thing that’s going to make you stand apart from them is a user-friendly and mobile-compatible live casino application that has the potential to attract customers. Besides this, you can also integrate a chat support system to offer support to your players.
The user interface is the first thing a user will notice about your online gambling application, an easily navigable user interface with stunning visuals will grasp the user’s attention and attract a larger audience.
Introduce Unique Bonus and Reward Programs
Having a sound marketing strategy is going to help you a lot to drive players towards your live casino. One of the best ways to attract more users is to provide attractive welcome bonus offers. You can also introduce a loyalty program in your online casino platform to reward customers for playing. A loyalty program and exciting deposit bonuses will surely catch the user’s eye.
Features to be Included in Live Casino Platform
Below is a list of some of the most prominent features of live casinos that will enable you to attract as many casino lovers as possible.
Simple UI and UX
The user interface is the first thing casino lovers will encounter about your gambling platform. Therefore, the live casino platform needs to have a simple and easy-to-understand UI and UX design. Amateur players will not appreciate a complicated UI and UX, they will face difficulties while navigating through your application. All ages of people love playing live casino games, hence the design should not be implemented solely targeting the younger audience.
High-end Graphics and Sound
Another feature that enables several live casinos to succeed is high-end visuals and soundtrack. High-end visuals and soundtrack will enable your online live casino to give the feel of real-world casinos. The visuals are key to grasping the user’s attention. Stunning visuals coupled with a simple UI will help you attract a lot more users and enhance your revenue potential.
The leaderboard is the place where players can see their ranking and overall performance. Players can also see the names of top players. This fuels the players to establish healthy competition with the other top players.
Safe and Secure Payment Gateway
The platform with convenient payment options is much more likely to be appreciated by casino lovers. And allow the players to deposit and withdraw payment promptly with no hassle. Incorporate various transaction methods in the payment gateway like credit or debit cards, Google Pay, PayPal, cryptocurrencies, etc. A variety of options will allow users to choose the payment option best suited to them
Fiat and Cryptocurrencies Acceptance
Cryptocurrencies are meant to facilitate safe gambling. Cryptocurrencies prevent fraudulent transactions and these are untraceable. These are the primary reasons live casinos are adopting fiat and cryptocurrency payment systems.
Real-time chats enhance the user experience and enable the players to talk with each other in real time. Players can interact with each other using texts or emojis.
As mentioned, lovers of live casino games are everywhere in the world. Most of them prefer to use the platform in their native language. This offers ease of access and boosts their confidence while using the application.
Round the Clock Customer Support
Customer support services enable the players to seek help 24*7. An efficient customer support service will go a long way to building trust and brand reputation among users.
Social Media Integration
The integration of social media accounts enables players to post their achievements on their social media accounts. Besides this, players can also invite their friends to join them in your game.
Security & Transparency
Security and transparency are important aspects that need to be considered while developing live casino games. The players will probably appreciate a platform that offers the best level of security and transparency.
How Much Does a Live Casino Game Development Cost?
If you are a business owner or entrepreneur who is willing to make a fruitful investment in live casino game development, then live casino game development cost is the foremost thing that comes to mind.
So, how much does it cost to develop a live casino application?
Well, the cost of development depends on what you want from a live casino application. Maybe you want a live casino application integrated with the top-notch latest features? Or do you probably want a clone application or a white-label casino game development solution? Depending on your requirement, the development cost is going to be varied.
Several other factors like the location of the development team, cross-platform compatibility, features of the application, technology stack, etc. also majorly affect live casino game development cost.
A live casino application with basic features will cost you somewhere between $25,000 to $40,000, the development cost will go up depending on the feature and technical elements you add to the application.
For a better understanding of the live casino game development cost, you can consult with the team of BR Softech.
Looking For a Reliable Live Casino App Developer?
We hold over 10 years of game development experience and are associated with a highly skilled team of graphic designers, developers, and testers. We walk a mile with our clients to ensure they professionally meet all their business goals.
Want to start your live casino application? Looking for a reliable game development partner, have questions regarding game development? We all are here to assist you. Contact us today to get your game developed.
As you can see, the growth of the live casino application is surging. Many startups are generating huge revenue from this growing industry. If you also want to replicate the same, then BR Softech is equipped with the right technology and knowledge to enable you to reach the new ladder of success.
Frequently Asked Questions(FAQs)
There are many factors to consider while choosing live casino software including features of the software, licensed certification, multiple payment methods, list of games, etc. If you want an in-depth guide to choosing the best live casino software, check out this blog.
Various casino development companies provide live casino software. If you want reliably customized or white-label live casino development solutions, contact BR Softech. Know more about live casino software providers.
Yes, the live casino market is flourishing and this is the right time to launch your own live casino platform. There is a growing demand among gamblers for online casinos and the market provides high revenue potential.
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