Sports are an obsession for a very long time. However, the concept of fantasy sports apps has gained much more importance and acceptance after the pandemic when people started playing online games to earn real cash rewards. The craze for fantasy sports app like Fanduel, GameZY, BetMGM, Yahoo, and Draftkings is reaching new levels of success.
Earlier people needed to visit land-based casinos to place their bets, however, the scenario has changed today and people prefer to play and place their bets indoors using top-notch fantasy sports apps and websites, offering a wide range of games such as cricket, football, baseball, hockey, horse racing etc. Today, investing in fantasy sports app is just like making a fortune. Most gaming entrepreneurs plan to create a sports app like Fanduel to grab the attention of a global audience and earn huge amounts of revenue.
If you want to leverage the power of fantasy sports platforms to make a difference in the online gaming industry, make sure to build unique, user-centric, feature-driven, multi-functional fantasy sports apps.
In this blog, we have mentioned all the major aspects of fantasy sports apps including features, cost, process, and business models.
Market Overview of Fantasy Sports App Development
With more fantasy sports apps coming into being, the fantasy sports market is growing at a much faster rate than ever expected. Popular fantasy games such as football, basketball, cricket, and hockey are gaining importance and becoming centerstage for an embarking investment. According to market research, the global fantasy sports market is valued at USD 20.14 billion in the year 2022 and is expected to reach the value of USD 34.66 billion by 2027. The numbers suggest that the market is growing at a CAGR of 11.47%.
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What is a Fanduel App?
Fanduel app is one of the famous fantasy sports apps based on gambling knowledge and skills of the players. The platform allows players to play a game of their choice and create a virtual team of players on the basis of their preferences or prediction. The final score of the team depends on the performance of the team players in a real-life match on that day.
The platform offers a variety of fantasy sports games like cricket, hockey, basketball, baseball, soccer, etc. The fanduel app is legal in many countries and it allows players to contest in leagues to earn existing rewards. The app supports crucial leagues, including MLB, NHL, NFL, NBA and so on.
How Does a Fantasy Sports App like Fanduel Work?
Fantasy sports work on the concept called prediction. The better you predict the final outcome of your selected team, the better will be the result. In order to win and make accurate betting decisions, make sure to check out previous records, scores, and real-time stats.
Follow the below-mentioned step-by-step guide to know how a fantasy sports app like Fanduel works:
- First and foremost step is to download the app and log in using OTP verification and personal details such as contact number, email ID, and social media account.
- Then after registration, you need to select a match of your choice from a list of upcoming and ongoing match.
- After selecting a match, you need to create a team of players, and the number of team players depends on the type of sports betting game you are playing. You will get a credit of 100 points after successfully creating a team. To make an informed decision, make sure to check the stats, details and performance of the players.
- After creating a team, select the captain and vice-captain of their team. This is an essential step as selection will get you extra points and impact your overall final scores.
- You can make a maximum of 6 teams of players but can play the game with one team.
- You can change the team players until the deadline of the match.
Business Model of Fanduel Application
Making money on Fanduel app is easy if you know the right monetization strategies. Here we have listed some of the business models that you can optimize when you create a sports app like Fanduel.
The most common and famous method to earn money from fantasy sports apps like Fanduel is participation charges. The platform will charge some amount of money from each of the participants. Fantasy apps make most of their fortune from a pool of participants entering and playing a wide range of matches.
Fantasy sports betting app like Fanduel collaborates with brands and companies to promote their products and services. The app owners add in-app purchasable items to increase the sale bandwidth of a collaborated brand. In turn, helping them increase their overall revenue share.
Advertisement is the most common method to earn a great amount of revenue. The fantasy app owners add in-app banners, videos and headers to promote the brand. They charge great money to promote the brand’s products and services.
Sports betting app like Fanduel charge one-time fees from players for engagement activities, offering them the opportunity to earn real cash rewards.
Now that you know the benefits to create a sports app like Fanduel, make sure to hire the best sports betting app development company to offer you customized software solutions.
Intrigued to know which company is best for you?
Features of Betting Sports Apps like Fanduel
Features play an important role when it comes to the functioning of any app or software. To make your sports betting app development cut above the rest, make sure to add the below-mentioned features that are major for your platform.
Features of User Panel
|User Panel Feature||Description|
|Real-time analytics||Users today want everything in real-time without any delay. In order to address the same, make sure to incorporate a live tracking feature to provide users with real-time match updates, player performance and live scores of the match.|
|Customization||sports betting app like Fanduel offers players the opportunity to customize team players and tournaments. Moreover, it allows them to personalize their game levels, push notifications for offers, etc.|
|Team management||Through this feature, users can manage their team players while tracking real-time team performance, and scores.|
|E-wallet||Users can connect their bank details and accounts with the help of an in-game e-wallet, helping them successfully process transactions within the game.|
|Rewards||Making money on the Fanduel app is easy. This feature is extremely important to increase user engagement and participation. Users perform better as they get to know about the benefits to play the game.|
Features of Admin Panel
|Admin Panel Feature||Description|
|Admin Dashboard||The dashboard offers all crucial details related to the match, and team players. It displays the total matches, upcoming matches, total earnings, total scores, total participants etc.|
|User Management||Through this feature, admins can manage the users in an efficient manner while tracking their performance in real-time|
|Transaction management||Admins ensure the safety and security of all the transactions while keeping a record of user details.|
|Customer Support||Admins ensure to avoid room for errors or glitches while providing users with great tech support at every touchpoint.|
|Live updates||Admins get live updates about team players, scores and performance in nearly no time.|
As we have noticed that features play an important role when it comes to sports betting app development. If you want to develop a fantasy sports app like dream 11
Development Process of Fantasy Sports App like Fanduel
The first thing to do is research the fantasy sports project, including various crucial elements such as types of games to include, target audience, tech stack, characteristics, and features to be added to the platform.
The next step is to decide on the design of the multi-gaming fantasy sports application. The user interface of the platform should be interactive, easy-to-operate and user-friendly to provide users with the flexibility to operate and play using the application.
In this step, developers play a crucial role where they use their knowledge and skills to align features and functionalities together to make a full-fledged platform.
After development, it is equally important to detect the glitches and bugs within the platform. You need to perform proper QA and testing procedures to ensure that the platform offers an uninterrupted and seamless user experience.
Launch glitch-free fantasy sports apps like Fanduel using top-notch marketing strategies, digital marketing campaigns and advertisements to target and reach a global audience.
Now that you know the fantasy sports app development process, if you are planning to launch your own fantasy sports business,
Read Our Blog:- How to Start a Fantasy Sports Business in India?
Tech Stack Requirement of Sports Apps like Fanduel
As a leading fantasy sports app development company, we incorporate the latest and future-ready tech stack to ensure the smooth performance of your fantasy sports website or application.
- Database tech stack: Cassandra, MongoDB, MySQL, Postgres
- Android: Kotlin
- iOS: Swift and Flutter
- Security Elements: Twilio Authy, Retrace, and Duosecurity,
- Coding Languages: Java, Python, PH, Flutter, C, React Native, etc.
- Social Media Integration: Facebook SDK
- Push Notifications: Twilio, Apple Push Notifications
- Cloud: Google Cloud and Azure
- Payment Integration: PayPal, e-wallets, Braintree, Net Banking
The Cost of Developing Sports App like Fanduel
The development cost of fantasy sports betting app like Fanduel depends on various factors such as features, graphics, tech stack, etc. If you are planning to develop a fanduel app for android, the development cost will be less. While the development cost for the fanduel app for iPhone will be relatively high. On average, the cost to develop a sports app with basic features and functionalities is around $20,000 to $30,000. The cost may shoot up to $50,000 if you want to incorporate advanced features, cross-platform compatibility, and a next-generation tech stack. Here is the list of factors affecting the overall cost of your sports betting app development.
- Experience of the fantasy sports software provider
- The location of the developer
- The complexity of the features
- Tech stack
- Type of games
- App size
- Cross-platform compatibility
Planning to create a sports app like Fanudel and want to know about the in-depth cost of the development?
Why is BR Softech the best FanDuel-like App Development Company?
As a sports betting software development company, we offer cutting-edge solutions to give all other platforms cut-throat competition. Our team of game developers uses the latest technology and game development strategies to offer bug-free and seamless fantasy sports development services that are highly scalable, reliable and credible. For us, customer satisfaction is our topmost priority and we ensure to reflect the same through our services. Choose us to get:
- 24/7 tech support
- Cost-effective solutions
- On-time delivery of the project
- An expert team of developers
- Quality assurance
- Agile development process
Developing sports betting app like Fanduel is a hard nut to crack and hence requires a team of expert designers and developers having years of experience in developing fantasy sports platforms. We hope you might have got an idea about the entire fantasy sports app development process, including a pre-defined set of stages that needs to be fulfilled by the developer. To keep hassle at the bay, hire our experienced fantasy app developers, to help you develop a feature-packed, cost-effective and customizable sports betting platform that will be cut above the rest.
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Frequently Asked Questions(FAQs)
The competition in the sports betting industry is comparatively higher than in the other gaming industry. The top 5 fanduel app alternatives that are doing quite well in the market are Draftkings Fantasy Sports, Betway, PointsBet, Fan team, BetRivers, and SuperDraft.
The fantasy sports apps like Fanduel development will take around 3 to 5 months. The duration of the development also depends on several factors such as the features, interface, level of graphics, payment integration etc. Read More
There are plentiful benefits of developing fantasy sports apps such as multiple monetization methods, high ROI, massive user base, and compatibility across several screens. Read More
BR Softech Pvt. Ltd. excels in providing cost-effective IT Solutions. Established in August 2012 with over 10+ years of rich experience. An Apex rated IT serving company around the world. Our team of innovative and creative designers deals in web designing, and mobile game/software development intending to deliver outstanding digital outcomes.