For entrepreneurs looking to exploit emerging digital markets, the iGaming, or online casino sector, is certainly a worthwhile place to start. The industry has grown exponentially in recent years and is now on track to become a $100 billion a year industry. With this rapid growth, competition has also ensued.
There are now thousands of real-money gaming platforms jostling for the attention of players around the world. If you’re considering launching your own iGaming platform, the right software can give you the competitive edge you need to get ahead. With that in mind, here are the essential software requirements for iGaming operators.
With so much money and financial transaction data flowing through online casino platforms, security is paramount. That’s why all leading operators have a secure sockets layer (SSL) certification on their site, to encrypt sensitive data and keep players secure. Let’s explain this with an example, in the form of Paddy Power, one of the largest iGaming platforms in the world. If we look at Paddy Power’s online bingo website, we can see that the URL bar has a lock icon next to it.
This indicates that the platform has used the right software provider to secure a valid SSL certificate, meaning that anyone who wins money on Paddy’s Pad or Rainbow Riches can rest easy knowing that their transaction data is fully encrypted. An SSL certificate is the first thing you need before launching your online casino site since some browsers will refuse to open a site that does not have one.
When playing games such as roulette or blackjack in a land-based casino, it is easy to see how the games are random and unpredictable. Decks are shuffled and wheels are spun, ensuring a random outcome that players can wager on. But how can you replicate this randomness in a digital environment? This is where random number generator (RNG) software comes in.
As explained in this helpful Techopedia article, RNG is a widely used software that uses number sequences to ensure that an application has a totally random and unpredictable outcome. This makes games impossible the tamper with, providing an essential layer of trust between consumers and iGaming operators.
Payment app compatibility
With any betting platform, players must be able to deposit cash and withdraw winnings quickly, conveniently, and securely. This is why online casinos must be compatible with popular digital payment apps like PayPal or Apple Pay. In industries such as e-commerce, the most popular website builders will usually have PayPal functionality built-in.
The same is often true for online casinos, but it is also commonplace for operators to use turnkey casino software that allows them to easily add and scale payment app gateways to the site. This is absolutely essential in an industry where users prize total convenience above almost anything else.
If you think you’re ready to launch your own online casino website, you have your work cut out for you. While the industry is increasingly competitive, getting your software requirements nailed down from the outset will make it easier for you to appeal to customers and ensure that you avoid any unnecessary downtime once operations begin.