Fantasy sports apps have gained much attention and popularity recently as people seek more entertainment and thrill in their lives. Gamezy, BetMGM,Fanduel, Draftkings, and Yahoo fantasy sports are some of the most admired fantasy sports apps that have marked umpteen downloads at the app stores.
Among these, Fanduel is a New York-based gaming company that have outpaced several apps in its domain. It offers daily fantasy sports, sportsbooks, online casino, and online horse racing betting products and services. With more than 6 million membership subscriptions and over 1000 people working actively for it, Fanduel is simply setting benchmarks for its competitors.
So, if you are looking forward to develop a fantasy sports Fanduel-like app through an app development company, this post will offer crucial insights on different aspects including cost of development, technical stack and how to approach the right development agency for it.
An Overview of Global Fantasy Sports Market
- The market growth is expected to accelerate at a CAGR of 10%
- The incremental growth of the industry is expected to be 9.34 billion till 2024
- The global fantasy sports industry is growing at the rate of 9% every year.
- 44% growth of the global fantasy sports market will originate from North America
- There is a great demand for such apps and in the coming years, fantasy sports apps will generate huge revenues.
These facts and figures are tempting enough to go ahead with your fantasy sports app development idea. Let’s discuss some other crucial aspects now.
Choosing the Right Platform
Apart from a unique concept for your app, the next thing that you need to consider is an ideal platform on for which you will develop your app. You can choose between Android and iOS platforms. However, Fanduel works for both Android and iOS supported by AWS for unmatched security and administration. You can also choose to develop a cross-platform app by some reputed iPhone game development company but it may result in some loading issues and lower performance. Hence, choosing Android will make your compatible with wide range of devices.
Choosing the Best App Development Company-
This is the most crucial aspect of getting a robust and responsive fantasy sports app. The selection of app development company will decide the level of success of your app. For this, you can visit some top development agencies and look for their profiles. View their client reviews as it will give you a fair idea about the development process that they adopt and on what certain things they prove can prove to be advantageous for your fantasy sports app.
You can also visit some rating agencies like Clutch, Techimply, Software Suggest and others to get detailed information on that company’s development process and approach.
Features
FanDuel works by providing a daily fantasy sports platform with a range of game types for players with a guaranteed prize pool for the winners. Players choose a roster using a total salary from a range of players with differing individual salaries according to their respective abilities.
For User Panel: Ask your app development company to incorporate “My Offers” where users can view all latest and trending offers to play games. “Create & Join Leagues & tournaments” to make the app complete fun. Create team pages, players, position formats, and points are some other relevant features that you will require to offer through your app.
For Admin Panel: “Notifications and Requests Management” for proper control. Manage leagues, players, and assignments, View and manage the list of users, payment, transactions, and win history are some crucial features that you will require on your end.
Tech Stacks
To ensure smooth performance of your app on all devices and platforms, you can ask your development agency to use the best and advanced etch stack to develop your fantasy app robustly.
- Prefer JavaScript, HTML5, or CSS for front end development.
- Choose MongoDB, MySQL, or PostgreSQL as a database for storing your data securely.
- Use PayPal, Amazon Pay or Stripe as payment gateway
- For Cloud storage, use Google Cloud or Azure
- For Push Notifications, you can choose between Twilio and Apple Push notifications.
These are just some of the major tech stacks that we have mentioned here. You can check with your development agency that what advanced tools and software it uses to develop you app.
Cost of Development
The development cost of your Fanduel-like fantasy sports app will depend on various factors like features, the kind of design you desire, location of the iPhone game development company and the kind of tech stacks they use for development purpose.
Still, to give you a rough estimate, if you wish to develop a simple fantasy sports app like Fanduel for a single platform, it can cost you somewhere between $ 10000 to 15000. If you need some more advanced features and functionalities and that too for multiple platforms (both Android & iOS), the development cost can range between $ 40000 to 50000.
How to Monetize Your Fantasy Sports App?
You can use different monetization techniques to generate revenue from your fantasy sports app. Here are some proven strategies that you can consider to make maximum money out of your app:
Participation Fee: Just taking a minimum amount of the buy-in cost, you can set a percentage of the total cash that you will deduct on each buy-in. This is the most commonly used method to earn money from fantasy sports app.
Advertisements: This is a widely accepted way to generate revenue from any app. As your app will gain popularity and recognition, many sports brands will reach you to endorse their brands through your app.
User Engagement Models: When you allow users to participate in different daily or weekly contests, you can charge a minimum fee on that which will eventually generate much revenue for your app. This results in both higher user engagement and increased revenue.
We hope that you have got much information on planning a well-designed fantasy sports app that will surely prove to be a gamechanger for you. The only thing is, you must prepare a well-structured business idea before approaching any app development company.
