The industry of platform operators providing software for sports games, lotteries or casinos is iGaming. If you are thinking about this type of product, read this article and you will learn what platform igaming is, what the supplier market looks like and whether it makes sense to create your own solution.
iGaming Platforms
Wondering what the iGaming platform is? It is a software solution that allows you to create, for example, a sports betting application or an online casino and manage all its areas from one place. The iGaming platform is not only the center of all the entertainment offered by your application, but also a place to manage users, support, employee administration, or a reporting and accounting tool.
How to Choose an Igaming Platform?
Choosing an iGaming platform is not an easy one. One of the reasons is the wide choice of operators and platforms on the market. Each igaming platform provider offers different features, pricing models, and support levels that can significantly impact your business success. The number of options and the multitude of features, as well as the specific requirements of specific markets can overwhelm someone who is not very familiar with the industry. Therefore, before choosing a platform, do thorough research or consult your idea with experts from the iGaming industry, e.g. https://crustlab.com/services/igaming-development/
Is it Worth it to Build an iGaming Platform?
Probably it’s not. Creating an iGaming platform from scratch is a big challenge that requires, above all, excellent knowledge of the industry as well as experience in developing mobile web applications. Such a project requires huge financial and human resources. You would have to recruit a team of developers with specific experience or hire a company that has such a team. Unfortunately, all these efforts are not worth it, because the market is already heavily saturated with providers of platforms such as SoftGaming, iGaming Platform, GiG, Nsoft, ComtradeGaming and many many more. However, if you have an interesting idea or need a customized platform and the solutions offered on the market do not meet your expectations, then read on.
How to Build an iGaming Platform?
In the first step, you should answer the question: do you have enough domain knowledge to realize such a project, including team recruitment? If not, look for potential software development agencies for this task. Collaborating with an experienced igaming platform development provider can help streamline the process, ensuring that the platform meets industry standards and caters to user expectations.
Then, together with experts, plan the system architecture, as well as the distribution channels on which your application will be available. This will allow you to determine the technological stack of the project, select a team and start planning tasks.
With Product Design Workshops you can prepare a product roadmap, conduct a business analysis and create the first design sketches.
Having a complete set of information worked out together with your new software development team, you can start the real work. The first step will be to create an application design, starting from vague sketches to a fully clickable prototype. Designing a design is a real challenge due to the number of features and functions of the platform and the specificity of iGaming products, which usually present a lot of information on one screen, which can make it difficult to maintain transparency.
When creating this type of platform, you cannot forget about security. Platform security can be a key factor because if you don’t take care of your customers’ data, they won’t trust you.
Finally, the most important, i.e. gambling features. You need to define what niche your platform will operate in. Do you want to offer slots games or sportsbooks, lottery or casino? If you don’t want to limit yourself to one branch, it will mean even more work.
Summary
As you can see, creating an iGaming platform is possible, but it is a huge and expensive challenge. In most cases, this type of project will be doomed to failure. If you don’t feel up to it, use the ready-made solution.
