Fantasy Sports App Development Cost and Key Features
There are many people around the globe playing fantasy sports through one or the other medium. According to Statista, the data says that there are over 85% of people loves to play fantasy sports in the app. In contrast, there are 15% of the people plays on their desktop. The thing that has to be understood here is, as an entrepreneur, you might be left surprised by the big data of horizons of people taking part in the virtual leagues these days. That is why you are planning to have a fantasy sports app development to kick-start your start-up.
The market of fantasy sport is growing at a fast pace. If calculated, the estimations roughly, the market for fantasy sports is expected to grow by USD 9.34 billion by 2024. Before we skid to its cost, features and other vital points, it is essential to remember that
- 81% males and 19% females are fantasy sports players
- The age range of player is in between 18 to 35 years
- Players take home a large number of profits
- At a minimum on the league, the player spends around $500
- The CAGR of fantasy sports will reach 13.24% in terms of revenue
The Business Model
It’s not about the playing; it’s about connecting your audience with real-life players. As the name suggests, the players can pick their favourite team players or make a team of their own by choosing the best players for the day. A fantasy sports app development is done for all the possible games, including Cricket, Football (Soccer), and many others.
Here we have a step-by-step guide on creating a team and being a part of the platform where millions come to prove their prediction skills.
Select a Match
Once you are on the app’s homepage, you need to select the league to participate in.
Create a Team
Now, you have to pick the players as per the rules and create a team.
Make Captian and Vice-captain
To go ahead, you need to choose a Captain and a Vice-caption of your team.
Create Multiple Teams
To increase your win probability, you can create various team slots with different strategies to roll the ball of profit in your half.
Team Management
Unless you meet the deadlines, you can manage your team.
Rewards
The reward points are distributed among the participants as per their player’s performance. The winner of the league is announced who hold the highest number of points in the league.
As of now, you’ve gone through the basic of how to create a team in a fantasy sports app. It’s time to know the feature list that an entrepreneur can fuse while having a fantasy sports app development.
Fantasy Sports App Development Features to Use in your App
It’s no less quite obvious that features make the user feel connected to the apps. These features make tasks easier for a customer or a player to complete. For instance, despite writing your login ID and password, again and again, you can sign in directly through your Google account. Practising such features make the user more attracted to your app. Here, we have a list of fantasy sports app development features to fuse while having a fantasy sports app development.
Despite these basic features, some essentially required fantasy sports app development features that you must fuse to have higher retentions on your app. These retentions will guide you with deeper analytics to know your player demographics, and significantly you can act accordingly.
Some Modern-day Fantasy Sports App Development Features
When we talk about some modern-day features, we have certain technologies that come to mind. You can use the same technologies here to increase the productivity of your app.
Here are several technologies that you can be used:
- Algorithm based on AI
- Chatbot API Integration
- Blockchain-based Transaction
Technology Stack for Fantasy Sports App Development
Technologies play a vital role in fantasy sports app development. These technologies maintain the flow of your app. Here are the technologies that need to be used.
- Sports API – Goalserve, RapidApi.com EntitySports, and Sportsmonks
- Database Management – MongoDB, MySQL, PostgreSQL, Cassandra, HBase, and MailChimp Integrations
- Front End – JavaScript, CSS, HTML5, Bootstrap, jQuery, and AngularJS
- Cloud – Google Cloud, Azure, AWS, Salesforce, and Cloud Foundry
- Payment Integration Gateway – PayPal, Stripe, Braintree, PayUMoney, e-Wallets, Net Banking, and e-Banking
- Push Notifications – Twilio, Amazon SNS, Push.IO, Map, Urban, Airship, and AdPushup
- Real-time Analytics – Big Data, IBM, Hadoop, Spark, Apache, Cisco, and Flink
How Much Does a Fantasy Sports App Development Cost?
Several factors differentiate the fantasy sports app development cost. The factors include:
- The platform of an application
- Complexity and features of an app
- Front end and back end development
- UI/UX development
- 3rd party API integration
- The number of hours invested
- Team size and structure
- Location of a developer
When you think of hiring a fantasy sports app development company, there are multiple other factors that one must look at despite the factors mentioned above.
While you choose the company, you must look at the previous works they’ve done to ensure you about the capabilities they hold within the four walls. If not satisfied, you can communicate with their team or their previous clients to ensure the quality they’re going to deploy.
Until now, we have discussed the fantasy sports app development, cost and features. Now, let’s have a brief look at how else you can increase your revenue by developing a fantasy sports app.
Firstly, you can have your fantasy sports app development on Android, iOS and Hybrid and other platforms to cover more significant demographics. Secondly, you can also give spaces to other companies and products matching your needs or requirements. Thirdly, you can offer free leagues to your new player to relinquish the FOMO. Fourthly, you can integrate an eStore for selling your products that entice your audiences. Last but not least, you can create an affiliate network to sell your other brands product to generate extra revenue.
In conclusion, a fantasy sports app development is a deal of profit if executed rightly. As the market research clearly shows the craze of fantasy sports among the youngsters, you can turn a profit mere in the coming near. Unaware of the side the dice will show, but one thing is obvious, i.e., if you’re planning to invest in such an app, bang your notepad with numerous ideas that can eventually lead you to success. But do not forget that choosing the right fantasy sports app development company is the key to success.