Do you want to create a fantasy sports app, but are unaware of how much it costs? If yes, this blog is for you! Here, we are going to discuss different factors affecting the cost of developing a fantasy sports app so you can clear all your doubts to make an informed decision to introduce a fantasy app in the real world.
The demand for fantasy sports platforms is increasing at a rapid pace and has become a profitable business opportunity. You have to create a platform to target a huge user base and all that is possible when you launch a feature-packed fantasy app but, before that, you have to know what features and functions can give you an edge over your competitors. Also, integrating rich features and functions increases the development cost of fantasy software.
Let’s dive in-depth to know the factors that affect the overall development cost of a fantasy app. But, before this, let’s know about fantasy sports applications.
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A fantasy app is also known as a DFS app that enables users to play fantasy sports in a virtual environment where they can make their team by choosing real-life players and can win money by participating in ongoing matches, and tournaments.
Within a short period, the fantasy app has made a big hype and secured a place among most of the players who are interested in making money by playing sports. Its increasing demand has made it a fruitful business opportunity, to churn this, you can also come up with your unique game idea, and by introducing it in the real world, you can create a big difference.
Before introducing your fantasy app, you should focus on the below-given factors so you can create a fantasy platform on less budget.
When you build a fantasy sports platform, you have to take care of various aspects to introduce a successful app within your budget. Hundreds of elements affect the development cost of fantasy software, and understanding these factors can help you reduce your overall development cost of a fantasy sports app. Let’s have a look at these aspects so you can make an informed decision to give a perfect shape within your budget.
When you are looking for the cost-affecting factors of a fantasy sports platform then the size and complexity of the app make a huge impact. If you opt for a simple fantasy app with minimum features then the cost will be less but, if you want to integrate complex features then the cost will be high. Always try to make a balance, and enrich your platform with user-oriented features and functions so you can fulfill the demand of your target user base. Avoid all the unnecessary features and keep the app size smaller.
Before starting the development process of a fantasy platform, consult your dream idea with a fantasy sports app development company so you can get a perfect idea about the development cost.
The user interface of fantasy applications plays an important role in deciding the price of fantasy apps. If you go for advanced and engaging features to entice players then the cost will be high in comparison to basic, and straightforward UI.
First, know your target audience, and after that, design a user interface accordingly, and count all the aspects that can help you to attract and engage players.
Related Blog- Most Important Android vs iOS APP UI/UX Design Differences & Similarities
The platform is another factor that also increases the overall cost of your fantasy project. If you create an app for a single platform like Android, iOS, Web, etc. then the cost will be less. If you go for platform-compatible application then the cost will increase but, you will be able to target a huge user base that will help you increase your revenue.
First, know your audience, and know what kinds of platforms they are using, and act according to that. It will help you to save the development cost of your fantasy platform.
Features and functions are key aspects of a fantasy platform that make it successful and help it stay ahead in the cut-throat competitive world. Always try to offer features and functions that have never been experienced before. It will help you to attract a huge user base to increase your revenue because players always give priority to a platform that is full of advanced functions that can take their entertainment to the next level. But, the more features you offer, the more the cost of the fantasy app increases.
To create an innovative and advanced fantasy platform, you have to assimilate all the latest tech stacks and trends in your fantasy app so you can introduce something exceptional. Technologies like AR, VR, Cryptocurrencies, Blockchain, ML, and AI, are transforming the fantasy world, and if you integrate them into your platform, the fantasy platform development cost will increase.
For backend development, you have to hire a backend development team that integrates all the features and functions efficiently but, to hire the best team, you have to pay more, and all that will increase the cost.
To enrich your fantasy app with exceptional functionalities, you have to integrate various third-party fantasy sports APIs so you can offer ultimate services to your target players. But, assimilating features packed APIs into your fantasy platform, will increase overall development cost.
As we all know an experienced and skilled development team can successfully bring your innovative idea into real life. For that, always hire the best development partner. However, the location of developers and designs influences the development cost of fantasy software because according to countries the charges of developers are different. Before hiring the team, you can compare the price, and according to that, you can hire that suits you the best.
Start an online fantasy sports business, you have to obtain a license from a regulating authority, and for that, you have to pay fees. Different regions have different fee structures so regulatory compliance is one of the factors that affect the overall cost of the fantasy platform.
Support and maintenance are other vital aspects that significantly affect the development cost of a fantasy sports platform. With time, you have to update your platform, and repair it in terms of technical assistance, adding new features, bug repairs, etc. Always keep a separate budget for maintaining your app.
The development cost of a fantasy sports app varies from $10,000 to $15,000 with basic features and a single platform. However, it may go up to $20,000 with advanced features and multiplatform compatibility.
Here is the list of maintenance costs that you have to pay annually to maintain your app. Let’s start to know this.
| App Maintenance Type | Maintenance Cost |
| Hosting charges | $50 to $200 Month |
| Functional services | $1300-$2000 Per Year |
| API integration | $250-$600 Per Year |
| Bug fixing and updates | $1000-$1500 |
| Analytics | Free & Paid Services |
| IT support | $400-$1500 Per Year |
| Payment gateway integration | $100 Per Month |
| Technical intervention | $15-$25 Per Hour |
The average maintenance cost will be around $1,000 to $2,500, and the above-given table will help you to understand every aspect so you can clear all your doubts to make your budget.
Features are important aspects of any application and play a vital role in the success of that platform. Always try to enrich your fantasy platform with all the latest trending features so you can target your user base easily. But, selecting features can be challenging because the more features the more development cost.
Here is the list of features that should be counted by you in your fantasy app to make it one step ahead of others. Let’s start to know.
The user registration page will be the first thing that the user will come across after successfully downloading and accessing the app. Make sure you offer a hassle-free registration and login process to create a lasting first impression and enhance the user’s curiosity.
This feature holds great importance for the users accessing your platform. They should be able to view the players’ stats based on their real-time performance. Moreover, your app should keep this section updated via consistent and in-depth analysis to maintain engagement.
The profile setting feature can not be neglected. It should provide users with complete access to all the aspects that are related to their profile, such as managing passwords, subscriptions, updating information, etc.
As the concept of fantasy sports is to compete with other teams to accomplish the top rank and win exciting rewards, a section that is dedicated to listing users’ winning, match/tournament wise, and in total will enhance the user experience.
Also, with the help of advanced functionality, you can optimize the user’s app by providing personalized offers by tracking the user’s engagement.
Empowering users to create leagues and tournaments should be provided. It should be a seamless experience for the user to create leagues and tournaments of the selected professional sport.
Apart from the ‘Create leagues and tournaments’ button that is provided on the app, ‘Join leagues and tournaments’ holds the utmost importance to keep up with the concept. It helps the users to connect and play after a user, or the admin successfully creates a league or tournament.
Yet another important feature that holds great relevance for the users. It allows the users to create and sort teams according to their skills, positions, points, and many more.
This option will enhance the user experience by notifying them about any upcoming leagues and tournaments. Integrating push notifications will help you to keep the users updated. Users should be given the privilege to select the leagues and tournaments they are interested in.
Does not matter whether it is the user’s version or the admin’s; the login page will be the first page that the person will come across. Hence, the login page needs to be simple and convenient to access.
Allocating points to the users of fantasy sports is another essential feature that can not be afforded to be skipped by the developers. Moreover, the admin should be able to publish results without any hassle.
Payment management is another important aspect of the fantasy sports app. Admin should be able to control and manage funds, be it at the receiving end, or for dispersing the prize or rewards.
This feature is about managing the fantasy points of the users based on the performance of their selected team. Fantasy points play a vital role in representing how well a team is performing or the performance of the dedicated users.
The admin version of the app is incomplete without this feature. App admin should be able to manage leagues and players to ensure the smooth functioning of the fantasy sports platform.
Moreover, the admin app should be built in a manner that the operator can easily track all the activities performed by the user for effective management.
Featuring live group chat on your fantasy sports app will help users connect, eventually enhancing the user experience.
Users like to share their scores and achievements on social media platforms. Hence, integrating social media sharing will save them from the hassle of letting them share their accomplishments in a matter of a few taps.
It will give you an edge over other competitors and make it easy to compete with other best fantasy sports apps that are ruling the market. Moreover, it will motivate the users to access your platform to get a detailed insight into any ongoing sports event featured on your platform.
Featuring a section that is dedicated to the photos of the sports event will elevate the user experience.
If you want to give the fantasy sports app an edge over its competitors, then considering a live video streaming feature is highly advised. It will keep the users entertained and informed simultaneously.
BR Softech is a reputed fantasy software development company that has been offering its feature-rich, and advanced fantasy software solutions around the world. They count all the latest tech stacks and trending features so that they can introduce something new and innovative that can help you to create a big difference in the gaming and gambling world. We have the best development team of designers and developers that help you to stay ahead in the cut-throat competitive world. If you are inspired by a fantasy gaming world and want to create a fantasy app, you can share your idea with BR Softech.
Ans. Here is the list of tips and tricks to reduce the development cost of a fantasy platform-
Come up with a clear game idea
Know your target audience
Create an MVP of the fantasy app
Hire a professional and experienced development team
Go for cross-platform fantasy software
Use the best tools
Rigorous testing
Ans. There are a lot of fantasy sports platforms but each one has its specifications that make them different from each other. Here, we have made a list of the most popular and played fantasy apps that have become the talk of the town among players due to innovative concepts, top-class features, amazing games, and much more.
Let’s start to know.
Dream11
MPL
DraftKings
MyTeam11
Sport11
Ans. The development time of a fantasy app depends on various aspects such as the app idea, no. of games, the complexity of features & functions, payment modes, tech stacks, trends, and so on. Generally, it takes around 1 to 2 months but sometimes, it may go up to 3 months. To know the exact development time, you can share your idea with a reputed fantasy mobile app development company.
Ans. To develop a fantasy sports platform, you have to follow a step-by-step development process so you can create a successful app that can attract and engage players, and you can generate revenue from it.
Market research and analysis
Come up with a unique game idea
Enrich it with top-rated features and functions
Elegant graphics
Choose the latest tech stacks and the right tech stacks
Create an MVP of the fantasy app
Development of a fantasy platform
Testing and quality analysis
Launch your fantasy platform
Update and marketing
