Travel with our comprehensive guide to know everything about fantasy sports app development. Continue reading!
The concept of fantasy sports application isn’t new, it’s been there for a long while. And it is gaining popularity with every passing minute.
In 2023, the global market of fantasy sports apps was valued at $28.23 billion, expected to grow at a CAGR of 14.2% from 2024 to 2031.
Isn’t it crazy? But, what’s the reason behind this?
The continuously rising popularity of athletes, digital accessibility, sports tournaments, and different leagues. The fanbase of fantasy sports applications is rapidly growing and getting bigger. The unstoppable industry has also unleashed limitless possibilities for sports business owners as well as sports admirers to earn big.
Presently, there are numerous fantasy applications available in the market like Dream 11, Fanduel, etc. With the constant rise in the sports app industry, if you are also making your way to build a full-service fantasy sports application, then you’ve landed on the right track.
Keep reading to explore the fantasy sports industry in order to get started with your next dream project.
Table of Contents
Introduction – A Brief Overview of Fantasy Sports
Fantasy sports applications are where people can make more than one virtual team of their preferred players and get a chance to win real prize money. People can choose players from a pool of players in real life.
Players are credited with the fantasy points according to their rankings on the leaderboard. These fantasy points are being calculated as per the performance of the players in the actual matches & tournaments.
Some of the popular fantasy sports are:
- Cricket
- Basketball
- Football
- Hockey
- Golf
- Kabaddi
Must-Have Features For Fantasy Sports App Development (User/Admin)
Undoubtedly, features are the heart of the fantasy application. Now, you must be wondering why. Isn’t it?
Well, you need to include amazing features and up-to-date functionality in your application so that users can get attracted to your platform. The better the feature list, the more users get attracted and engaged. Therefore, it is necessary to incorporate features that will keep users engaged with your platform.
The following are must-have features to include in a fantasy sports application from both user and admin perspectives.
| Admin Panel | User Panel |
| Admin Dashboard | Quick Registration |
| Account Manager | Landing Page |
| Seamless Management | Customized Profile Settings |
| View & Manage Earnings | Tournaments/ Contest Information |
| Seamless Third-Party API Integration | Secure Payments |
| Game Management | Live Scoreboard |
Fantasy App Development: How Much Does it Cost?
Building fantasy sports applications like Dream 11, Fanduel and more is a wholesome process. When thinking about designing and developing a feature-rich and user-friendly fantasy sports app, the foremost thing that strikes your mind is – development cost.
Figuring out the overall development cost is impossible because it varies according to project requirements, app design, app size, feature list, technology stack you use, location of developers and many more.
For example, the app development of iOS differs from Android mobile application development.
Well, there could be a lot more other reasons that affect the development cost. However, we will discuss them later. As of now, it is true to say that an estimated cost for developing a fantasy sports application could range somewhere between $50000 – $250000. This figure can go higher as per your projects’ unique requirements
- For MVP (Minimum Viable Product), it costs $38,000 – $80,000.
- For the advanced version, it costs $75,000 – $250,000.
However, some factors can affect the overall cost of fantasy sports app development. These include:
- App design
- App platform
- Geographical location of the development team you hire
- Development team size
- Payment integration
- Security Protocols
- Tech requirements
- Different types of sports you want to add
- Maintenance of application
How to Hire A Trusted Fantasy Sports App Development Company in India
Developing a fantasy application is challenging but worthwhile as it opens various opportunities to earn lucrative profits. Here is a step-by-step process to hire top-notch fantasy sports app developers:
- First and foremost, define your business plan precisely. This contains information about your project requirements, target audience, and what you are expecting from it.
- After that, research the market and analyze the latest trends to determine potential contenders.
- Review the previous work of the shortlisted company to get helpful insights.
- Ensure that the company has relevant experience in the technology you want to employ in your project.
- Next, make sure that the company has a development team with expertise and specialization in the latest technologies like AI, machine learning, blockchain, etc.
- Check if the company complies with the government’s legal and regulatory standards.
- Do not compromise on the quality of the application. Ensure that the company offers robust QA (Quality Assurance) and testing services to make sure your software is bug-free and there are no technical glitches in the application.
- An amazing brand value and credibility in the market is necessary for survival in today’s fast-paced digital world. This could only be possible by adopting the right marketing and advertising strategy. Having noted that, look for a company that also offers an unimaginable marketing strategic approach to help your brand stand out as the pioneer in the market.
- Last but not least, launching an application is not enough. Post-deployment maintenance services are crucial to keep apps up-to-date and error-free. Every release includes new features, advanced functionality, performance improvements, and bug fixes. Therefore, to ensure the app’s tip-top condition, you should ensure that the company provides powerful ongoing as well as post maintenance support.
In recent years, the market size of the fantasy app market has swiftly increased, making the industry a sure-shot way to earn billions of dollars. However, teaming up with the right development partners is crucial for making the most out of it. A genuine and reliable fantasy sports developer can help you with result-driven solutions, strategic plans, user-first approaches and scalable solutions.
What Things to Consider When Choosing A Development Company For Fantasy Sports?
Nowadays, there are a plethora of development firms available offering fantasy sports services. However, not all of them are reliable and worth your trust. But, considering the following necessary points, you can make an informed decision. These tips help you choose the best digital partner suited best for your business requirements.
- Industry Experience: Check if the company has relevant experience building fantasy sports applications.
- Access to Latest Technologies: Ensure the company possesses expertise across all major frameworks, programming languages, technologies & tools.
- UI/UX Design: Check if the fantasy app development company is capable of creating friendly UI/UX designs for enhanced user experience.
- Post-Deployment Support: Ask if the company offers post-launch maintenance support. Alongside, clarify if there are no additional charges for the same.
- Testimonials: Review the previous clients’ work and testimonials to get a better insight into their working environment.
- Portfolio: Check the company’s portfolio to know about their clients and go through case studies for insightful information.
How to Generate Revenue from Fantasy Sports Application?
Currently, fantasy sports is one of the best ways to earn a 7-figure income. Game app developers used distinct monetization approaches and techniques to generate higher revenue.
Don’t know how fantasy apps make money? Let us explore a few possible methods and monetization techniques to earn big money through fantasy sports apps.
In-App Purchases
Applying in-app purchases for accessing the premium or additional features. This is one of the most common and proven tactics to generate greater revenue from users.
Participation Fees
Another common technique that fantasy sports apps usually use is participation fees. To be more specific, users need to pay in order to join contests. This fee is just a small part of the entry fee.
Referral Earning
A top-notch marketing strategy where existing players are allowed to share the game with their networks and get rewarded in return. Referral programs help the platform generate lucrative revenues.
Advertising
A best practice and monetization technique for fantasy sports application. Advertising has the ability to bring complete attention to the product or corresponding services. Displaying ads within fantasy applications (either sponsored apps or display ads) is one of the most used revenue generation methods for fantasy apps.
Subscription Model
Subscription plans within the fantasy sports app convince users to upgrade to the pro version in order to access the full features and advanced functionality. A personalized user experience, complete insights, and suggestions from experts could encourage players to subscribe to the advanced version. This will give players access to exclusive data, stats, and experts’ advice for making fruitful decisions in the game.
Sponsorship
Collaborating with renowned sports brands, teams, and individual players for sponsorship to draw attention and user engagement to the platform. Sponsorship deals incorporating traditional ads and banners in the game unlock endless opportunities for revenue generation.
Fantasy Sports App Development: Is it Worth Investing?
The fantasy sports app development industry is becoming massively popular, opening endless possibilities to make money. If you ask, is it worth your investment? Undoubtedly, it is. Though building a custom fantasy sports application requires a lot of investment, it is a worthwhile move. Through this article, we have tried our best to address significant challenges, determining the uninterrupted fantasy sports app development process. Hopefully, after reading this article you can select the most apt fantasy app development company for your business. Do you have any queries regarding the same? Please feel free to drop us a comment in the box below. Till then, stay tuned!
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