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White Label Web3 Casino: The Next Generation of iGaming

In a previous article titled The Cost of White Label Sportsbook Solutions, we wrote about the benefits of white label sportsbooks and casinos and the costs associated with them. Just in case you don’t want to go back to read the article, we’ll go ahead and summarize it here briefly. A white label web3 casino or sportsbook, such as Lion Gaming’s Fer0x Crypto Casino or Fer0x Crypto Sportsbook, is a betting solution designed to provide you with a fully functional online crypto platform. These solutions are complete with unique branding, crypto payment solutions, technical support, player account management systems, email marketing tools, and much more. These solutions come at a fraction of the cost it would take to develop your own. It removes the thousands of hours of development work, engineering resources, lawyer fees, and compliance roadblocks that go into creating a crypto casino from scratch.

Ok, so what is a white label web3 casino?

As the name suggests, a white label web3 casino, or cryptocurrency casino, is akin to a regular white label casino product. The difference is it gives iGaming operators like you the added benefit of accepting wagers in cryptocurrencies like Bitcoin, Ethereum, Litecoin, Dogecoin, and thousands of other cryptocurrencies. White label web3 casino providers allow you to accept wagers in both cryptocurrencies and fiat currencies, or cryptocurrencies alone.

Furthermore, white label web3 casino suppliers will provide for your iGaming operation with a suite of additional features. These include a powerful back office, secure payment gateways, CRM system, analytics, bonus systems, affiliate management, email marketing, and more.

How does a white label web3 casino work?

There are a few different ways that crypto casinos work. Crypto casinos can work by using crypto as a payment rail, like most crypto casinos do today, or through on-chain wagering via smart contracts when bets are placed. If you want to start a crypto casino that’s built for the future, we highly recommend checking out our post highlighting the difference between the two solutions. This will help you decide how you’d like your crypto casino to operate so you can choose the best solution for your business. In short, software providers can utilize the power of blockchain technology to allow bettors to place wagers on-chain. This creates a truly on-chain solution, opposed to one that just utilizes cryptocurrencies as a payment type.

Blockchain technology and crypto casinos

Without getting too technical, blockchain technology is simply a secure way to make transactions peer-to-peer, also known as P2P. What makes the blockchain so secure and disruptive is its decentralized, transparent, and immutable nature. For more information on these aspects of blockchain, read our article titled The 3 Pillars of Blockchain. These three pillars give users of the blockchain, such as players at white label web3 casinos, some serious benefits. These include the assurance and security that all transactions and wagers placed on the blockchain are entirely transparent, immutable and verifiable.

If you want a deeper dive on blockchain technology, check out this comprehensive breakdown by IBM.

Do players want to wager in cryptocurrency?

Yes. And the data available supports the fact that players want to wager in crypto.

Since 2014, there has been more than $4.5 Billion USD gambled in Bitcoin across cryptocurrency gambling sites around the world. Furthermore, statistics across 60 crypto-based gambling operators show that around 337 bets per second are placed in Bitcoin. There was also a report released last year which shows the share of bets placed in crypto currencies on online casinos jumped from 23% in January 2021 to over 40% in December of the same year.

Those are some eye-popping numbers.

Additionally, with the rise of alternative cryptocurrencies, or alt coins for short, we can only expect the demand of global betting audiences placing wagers in various cryptocurrencies to grow.

What should you look for from a white label web3 casino provider?

First and foremost, if you are thinking about starting your own web3 casino or web3 sportsbook, you should work with technology providers who have demonstrated expertise in the space. Reputable and trustworthy providers like Lion Gaming should be able to navigate the complexities around crypto and gambling regulations in your jurisdiction. They’ll work with you as a partner to help guide you through the nuances in the process as you start a crypto casino.

Secondly, you should make sure that the technology provider you choose to work with has the ability to accept bets in the cryptocurrencies your players want to use. Some providers only accept bets in a few of the most popular cryptocurrencies, like Bitcoin, Ethereum and or Tether. However, the technology we’ve developed at Lion Gaming allows you to accept wagers in over 1,000 cryptocurrencies and tokens. Plus, our Fer0x Crypto Casino suite also allows your players to interact with your casino using web3 wallets like MetaMask. Our team will work with you to give you the ability to accept wagers in virtually any cryptocurrency you want.

Thirdly, whichever white label web3 casino provider you partner with should offer you more crypto functionality than simply accepting wagers in crypto. For example, with Lion Gaming’s Fer0x Crypto Casino solution, you are able to integrate web3 wallets, leverage airdrops as part of acquisition and retention initiatives, execute wagers through smart contracts, and much more. This is important is because crypto players are crypto savvy. They understand the various advantages inherent in blockchain technology, and the features we’ve developed at Lion Gaming leverage blockchain technology to the fullest.

Interested in learning more?

Looking for more information about white label web3 casino solutions from Lion Gaming and the power of our Fer0x Engine? Contact us with your inquiry or email us at hello@liongaming.io and we’ll get back to you within 24 hours.

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VP of Operations
c.lewis@liongaming.io

Christine Lewis

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