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How to Start a Fantasy Sports Business in India?

Fantasy Sports
Dec 23, 2023
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What is Daily Fantasy Sports Business?

Do you want to start a fantasy sports business in India? If yes, you are on the right page! The demand for fantasy sports in 2024 is high and is accelerating across the country in a manner like none other. Apps like Dream 11 and MPL have already penetrated and made a presence in India with their striking features. If you want to establish your own fantasy sports business, make sure to keep a record of a few things to stay ahead of all your competitors. 

As per the market research and stats, it is found that the fantasy sports market size was valued at $25.87 billion in 2022 and is growing at a CAGR of 13.2% from 2022 to 2032. The global market of fantasy sports is increasing and is expected to reach a volume of $89.92 billion by 2032, which is a very big number as per the records. 

In a nutshell, it can be said that the advent of tech advancements, internet infrastructure and rising demands for fantasy sports have fueled the growth of the fantasy sports business in India.

Fantasy Sports Business Industry Overview 

Fantasy sports are related to the sort of games consisting of virtual or imaginary sports teams with real-time players playing different sports. These virtual sports teams play against each other like real gameplay. At first, you have to do team drafting which is choosing the team players and compiling real-time game statistics. Players can track their team via fantasy sports mobile app or software. Fantasy sports have a different playing concept; that’s why investors are attracted to this profitable industry.

Before investing your hard-earned money into the fantasy sports market, it would be better to have some insights into its dynamic aspects which we will discuss below. As an entrepreneur, you must know how it will benefit when you launch your fantasy sports business in India, and how you can launch for yourself. 

Steps to Start a Fantasy Sports Business in India

Steps to Start a Fantasy Sports Business in India

There is a complete list of important factors to know how to start a Fantasy sports business in India. Take help from it and be the next leader in the fantasy sports market by developing Fantasy App Clone Scripts. In light of this, here we have listed some of the factors that you must look for when launching a business of fantasy sports in the market. 

1. The Goal of Your Fantasy Sports Business

Be it business or anything; you must have a purpose or goal behind it. In a business, where you put all your money at once, you must have some solid goal to achieve through it. Apply fantasy sports business’s revenue model to engage your users in your game app by having all the aspects to refine your branding. 

2. Market Analysis

3. Have a Detailed Plan

It is not possible to begin a venture without having a road map or a complete plan. So, start making a list of essential aspects including your business budget, audience, must-have features, teams, top sports and leagues, etc. to integrate into the app. Now, have a deadline to complete the development of the Fantasy Application

Read More: Fantasy Cricket App Development [Cost+Features]

4. Stand out with Unique Features and the right Fantasy Sports Platform

Make your unique identity by including unique features and plugins. Have the right app platform for your fantasy football sports business to get enough user engagement. The blend of both the amazing mobile app and website platform will provide huge benefits to your business if you have decided to launch a fantasy sports mobile app like Dream11. 

5. Game Format and Rules

You can decide whatever game rules and formats you want to have for Fantasy Hockey App Development or any other sport, to bring more customers to your business. Also, select a trustworthy data provider to handle fantasy sports apps. You can choose between Stats Inc, GoalServe, SportsRadar, and FantasyData. 

6. App Launching and Marketing 

The fixed-format of fantasy sports business launch introduces the website and application to your audience. Decide on a proper pre-launch strategy or have guidance from your hired fantasy sports mobile game development company

After the launch, apply suitable marketing strategies to mark your presence in the market. You have to do more hard work for less popular fantasy game developments such as fantasy rugby app development, fantasy NBA app development, etc. You have to do more hard work as these are less popular. Try anything among mobile, search engines, social media, electronic media, radio, etc.

Fantasy Sports Business Cost 

As an entrepreneur, you must be wondering about how much it costs to launch a business of fantasy sports in India. Let us tell you it is not as expensive as it seems. Well, there are different factors affecting the overall cost. On average, a fantasy sports venture can be launched with an expenditure of around 2,00,000 Rs. to 5,00,000 Rs with basic features and functionalities, however, the cost may shoot up to even 10,00,000 and more if you try to integrate advanced functionalities and options for your business upgradation. 

Factors affecting the overall business cost: 

  • Legal license 
  • Expert team of developers 
  • Location of the developers
  • Creative and innovative UI/UX 
  • Latest tech stack 
  • Advanced development approach 

How to Start a Fantasy Sports Business In India with BR Softech!

Currently, Fantasy Sports app development is in the high call by users, and we understand your needs. At BR Softech, we have dedicated and qualified developers and designers who work hard to provide you with quality solutions. Various sports have a strong presence in the market, such as Fantasy cricket app development, fantasy basketball app development, fantasy football app development, etc. 

We aim to provide various types of development services, including both web and mobile gaming platforms to our clients at less prices comparatively. To get success, it is necessary to hire knowledgeable and experienced fantasy sports app developers. Our developers have the capability to stand out from the competition in the entire market in all situations. Contact us to get to know more about these fantasy sports apps or website development services.

Build your Own Fantasy Sports Solutions similar to Dream11

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Frequently Asked Questions 

Q.1 How Long Does It Take To Develop A Fantasy Sports Platform? 

It takes around two to three months to develop a fantasy sports platform from scratch. The duration may go up to five months depending on the type, specifications and complexities of the project.

Q.2 How Much Does It Cost To Launch A Fantasy Sports Business in India? 

On average, it costs around 2,00,000 Rs. to 5,00,000 Rs. to launch a fantasy sports business in India. However, the cost we have defined is not fixed and may shoot up depending on the type and complexity of your project.

Q.3 Is It Beneficial To Launch A Fantasy Sports Business? 

Yes, it seems lucrative and beneficial to launch your money on a business of fantasy sports to reach a wider audience and generate a high level of revenue. If you want to launch a lucrative fantasy sports business in India, contact our leading experts at BR Softech.

Nitin Garg

I am Nitin Garg Founder of BR Softech PVT LTD - an Award-winning mobile game development company. We are armed with 180+ geeks & 2753 clients worldwide, I have driven by the spirit of entrepreneurship and dream to build a billion-dollar-company.

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