Real-money games are a popular form of online entertainment that allows players to win actual money while playing games. These games have been gaining popularity in a few years, with the increase of the online gaming industry. Developing real money games can be a lucrative business opportunity, but it requires careful planning, execution, and adherence to industry regulations. This comprehensive guide will cover the essential steps for developing real money games.
What Are Real Money Games?
Real money games are online games allowing players to win money while playing. These games are available in many categories, including casino games, sports betting games, and fantasy sports. In real money games, players wager money on the effect of a game, and if they win, they receive a payout. Real-money games have become increasingly popular in past years due to the progress of the online gaming industry. They allow players to win money while enjoying their favorite games and have become a lucrative business opportunity for game developers and operators. However, it’s important to note that real money games are subject to regulations and licensing requirements, and players must be of the right gambling age to participate.
What Are The Market Stats of Real Money Game Development?
The real money game development industry has seen significant growth in a few years, driven by the increased adoption of online gaming and the availability of mobile devices. Here are some market statistics related to actual money game development:
- The world online gambling market was valued at $66.75 billion in 2020 and is projected to reach $158.20 billion by 2028, growing at a CAGR of 10.4% from 2021 to 2028. (Source: Grand View Research)
- In 2020, the online casino segment held the most significant share of the online gambling market, accounting for 29.3% of the market share. (Source: Grand View Research)
- The mobile gambling market is expected to progress at 15% from 2021 to 2027, driven by the increasing adoption of phones and the availability of high-speed internet. (Source: Allied Market Research)
- The Asia-Pacific area is expected to witness significant growth in the online gambling market, driven by the increasing adoption of online gaming and the legalization of gambling in several countries. (Source: Grand View Research)
- In the US, the gambling market is imagined to grow at a CAGR of 15.40% from 2021 to 2028, driven by the increasing legalization of online gambling in several states. (Source: Research and Markets)
These market statistics highlight the significant growth potential of the real money game development industry, driven by the increasing adoption of online gaming and the availability of mobile devices.
Types of Real Money Games
Real money games can be divided into various categories, including:
Online casino games: These include classic casino games like blackjack, roulette, baccarat, craps, slot machines, and modern variations. Users can bet and win real money based on the game’s outcome.
In sports betting, players place bets on the outcome of sporting events like football, basketball, tennis, and horse racing. The bets can be placed before or during the game, and players win money based on their prediction accuracy.
The Poker game is a popular card game. You can be played for real money online. Players bet on their hands, and the strength of their hand determines the winner.
Fantasy Sports Game:
In a fantasy sports game, players create virtual teams made up of real players and compete against other athletes based on the statistical performance of those athletes in real-life games. Players can win real money based on the performance of their team.
Lottery games of chance good money where people purchase tickets. They have a chance to win a good prize based on random numbers. Some lotteries offer significant cash prizes, making them a popular form of the real money game.
Skill-based games require players to use their skills to win rather than relying on chance. These games can include puzzle games, trivia games, and arcade-style games.
These are some of the popular standard types of real money games. Each category offers a unique gaming experience, and users can choose the game that best suits their interests and preferences.
Game Development Process:
Choose The Right Game
The first step in developing a real money game is choosing a suitable one. The game should be engaging and allow players to win real money. Several popular money game categories include casino games, sports betting, and fantasy sports. Each type has unique rules and regulations, so choosing the right game category that aligns with your business goals is essential.
Research Regulations and Licensing Requirements
Before developing real money games, it’s crucial to research the regulations and licensing requirements. Each country has its online gaming regulations. Some have strict licensing requirements, while others are relaxed. It’s essential to research the principles in the countries you intend to operate.
Develop a Business Plan
A business plan is a good step in developing real money games. The plan should include details on the game’s target audience, budget, digital marketing strategies, and revenue projections. The business plan should also outline the game’s development timeline, including the design, testing, and launch phases.
Hire a Team of Developers
Developing real money games requires a team of experienced developers. The development team should have expertise in the specific game category, such as online casino games or sports betting. The team should also have experience developing secure and reliable software, as real money games require strict security measures to protect player data.
Design the Game
The game’s design is a crucial aspect of developing real money games. The design should be engaging, easy to use, and have attractive graphics. The game’s user interface should be intuitive and straightforward, making it easy for players.
Test the Game
Before launching the game, it’s crucial to test it thoroughly. Testing should include functional testing, such as checking the game’s functionality and performance, and security testing, such as ensuring the game is secure, and players’ data is protected. Testing should also include player testing, where real players can test the game and provide feedback.
Launch the Game
Once the game has been tested and refined, it’s time to launch it. The launch should include a marketing campaign to attract players to the game. The marketing campaign should include social media marketing promotion, email marketing, and advertising on relevant websites. It’s also essential to ensure the game is accessible on multiple platforms, such as desktop and mobile devices.
Monitor and Improve the Game
After launching the game, it’s essential to monitor its performance and make improvements as necessary. Monitoring should include tracking player engagement and revenue generation. Progress should be made to the game’s design, functionality, and security measures based on player feedback and industry trends.
Must-Have Real Money Game App Features:
When developing a real money game app, several key features are essential for providing users with a safe and enjoyable experience. Here are some must-have features to consider:
Secure Payment System:
A secure payment system is a feature of any real money game app. It should offer users various payment options, such as credit/debit cards, e-wallets, and bank transfers. Additionally, it should use encryption technology to ensure that all transactions are safe and secure.
Responsible Gambling Tools:
As a real money game app, promoting responsible gambling is essential. It includes features such as time limits, self-exclusion options, deposit limits, and links to resources for problem gambling.
A user-friendly interface is necessary for any game app but is essential for a real money game app. The game app is easy to navigate, and they can find the games they want to play fast.
A real money game app should offer a variety of high-quality games that are engaging and fun to play. The games should be designed to be fair and random, with clear rules and instructions.
Good customer support is essential for any real money game app. Users should be able to contact support quickly, and support staff should be knowledgeable and helpful.
Bonuses and Promotions:
Bonuses and promotions are an nice way to encourage new players and keep existing ones engaged. The app should offer a variety of bonuses and promotions, such as welcome bonuses, loyalty rewards, and free spins.
With the increasing use of devices, a real money game app must be optimized for mobile. The game app should be compatible with iOS and Android devices and offer a seamless experience across different screen sizes.
By incorporating these must-have features, you can create a real money game app that is safe, enjoyable, and engaging for users.
Real Money Game Development Cost
The cost of developing a real money game depends on few factors, Like the type of game, the platform it’s built on, the game’s complexity, and the development team’s location and experience. However, here are a few rough estimates for the cost of developing a real money game:
- Simple games like slots, scratch cards, or bingo: The cost to develop such games could range between $10,000 to $50,000.
- Medium complexity games like poker, roulette, or blackjack game development: The cost of developing such games could range between $50,000 to $150,000.
- Complex games like fantasy sports, sports betting, or online casino: The cost to develop such games could range between $150,000 to $500,000 or more.
It’s major to note that the price of developing a real money game is just one part of the equation. Other costs are involved, such as licensing, hosting, payment processing, and marketing expenses.
Ongoing maintenance and updates will incur additional costs, which should be factored into the approx budget. The cost of developing a real money game can be significant, and planning and budgeting are essential.
Why Choose PM IT Solution as a Real Money Game Development Company?
As an AI language model, I cannot make a subjective recommendation or endorse any specific company. However, I can provide you with some factors to consider when choosing an honest money game development company:
Look for a company with sweeping experience in real money game development. A company with a manifest track record of successful projects can give you confidence. They have the excellent skills and knowledge to develop your game.
Ensure the company has expertise in the specific type of game you want to develop. For example, you look for a company with experience developing games to build a real-money poker game.
The company should be up-to-date with the new technology and tools used in game development. They have a good knowledge of the programming languages and platforms required to develop real money games.
Since real money is involved, security is crucial. The PM IT Solution company should thoroughly understand the security measures required to protect players’ data and financial transactions.
Of course, the project’s cost is also an essential factor. Make sure you know an idea of the project’s total cost and ongoing maintenance costs before signing a contract with the company.
When choosing an honest money game development company, consider their experience, expertise, technology, security measures, and cost. Researching and carefully evaluating your options is important to make sure you choose a company that delivers a high-quality game that meets your specific requirements.
Developing real money games can be a lucrative business opportunity, but it requires careful planning, execution, and adherence to industry regulations. The steps outlined in this comprehensive guide provide a framework for developing real money games. By choosing the correct game, researching rules and licensing requirements, developing a business plan, hiring a team of developers, designing the game, testing it thoroughly, launching it with a marketing campaign, and monitoring and improving the game, you can create a successful real money game that provides players with an engaging and enjoyable experience.