Hi guys I wanted to ask some of big family members who have experience in crypto and also in gambling. But my experience is not good in gambling.
If someone wants to start a Gambling casino online with Cryptocurrency than how much money is needed. I think that 100k dollars initial capital would be enough to satrt a better casino. Cause we have to promote and also do other such promotions.
So what are your thoughts?
Online casino? hmm, not sure if $100k will be big enough, though, you will need to hire some good developers and then the infrastructure and the support group as well. What if there is some whales who won big in your casino in the beginning?
And then you will have to promote it somewhere, here or own other social media platforms.
For me, it will take around $1 million at least cash on hand to be able to function in the next couple of months or years without any hitch.
$ 1 million is probably needed to make and operate a casino, especially if it is a new casino unknown to people.
As the casino owner, we must think that the costs will be very high, especially the casino and I have read what is conveyed by @tokeweed about the calculations needed to make the casino and run it.
It almost reached $ 2 million, which was a very large amount for the casino owner, which was why only a few people wanted to make a new casino.
The calculation can be even more if the casino owner wants to buy a premium domain where the price of the domain can be many times than buying a new domain.