Fantasy sports mobile apps, like Dream11, are rapidly growing in popularity as they provide a unique form of entertainment for those who enjoy playing games on their smartphones.
These apps, available on app stores like Google Play Store and Apple App Store, offer a wide range of attractive and engaging features, resulting in a large fan base.
Fantasy sports immerse players in a virtual game that allows for a more imaginative style of play. This blog will explore the development costs and time estimates for creating fantasy sports apps like Dream11.
How Does Dream11 App Work?
In 2012, Mr Harsh Jain and Mr Bhavit Shethi created Dream11, an app that allows users to play virtual games based on real-life statistics of chosen players for their team.
The app has since grown to become a successful $1 billion company, with investors such as Tencent, Stead View Capital, Think Investments, Multiples Equity, and Kalari Capital.
Dream11 is particularly popular for its cricket games, where users can compete with other teams and win cash prizes.
It has inspired other fantasy app development companies looking to create apps like Dream11. If you’re looking to play on Dream11, the following steps will guide you through the process.
1. Download and Install
Download the app from the appropriate app store for your device, such as the Apple App Store for iOS devices or the Google Play Store for Android devices.
2. App Installation and Sign-Up
Install the app and create an account by providing the necessary information.
3. Match Selection
After logging in, you will receive a one-time password (OTP) for verification. Once verified, you can select ongoing or upcoming matches from the open window.
4. Team Formation
This is an essential step in selecting players to form your team. You will start with 100 credits by default. For example, in cricket, the team formation will be similar to an actual cricket team, consisting of the following:
- Wicket Keeper (1)
- Batters (3-5)
- Bowlers (3-5)
- All-Rounders (1-3)
- To select players, refer to their real-life statistics on the Dream11 app. This will allow you to choose the best-performing players and create a strong team. You can also track the performance of your selected players.
5. Selecting Captain and Vice-Captain
After finalizing your team selection, you must choose a captain and vice-captain. If the captain performs well in the actual game, you will earn 2x points; if the vice-captain performs well, you will earn 1.5x.
6. Creating Multiple Teams
Users can create a maximum of 6 teams and participate in the game with any of them.
In addition to the above steps, you can also manage your team. For example, you can make changes to your team, such as adding or removing players, or changing the captain or vice-captain, at any time before the deadline for the game.
Statistics with Rise in Dream11 users/Dream11 Market Size in all Fantasy Sports
One of the critical factors in Dream11’s success has been the rapid growth of its user base. According to a report by KPMG and Google, the number of fantasy sports users in India (where Dream11 is based) grew from 30 million in 2016 to 100 million in 2019.
Many factors, including increased internet penetration and the growing popularity of sports in the country, have driven this rapid user growth.
As a result of this user growth, the overall market size for fantasy sports in India has also grown significantly.
A report by the Federation of Indian Fantasy Sports (FIFS) estimates that the fantasy sports market in India was worth around $1 billion in 2019 and is projected to reach $1.5 billion by 2023.
Dream11 has been at the forefront of this growth and has established itself as the market leader in the fantasy sports space in India.
The company has raised over $100 million in funding from investors such as Tencent, Stead View Capital, Think Investments, Multiples Equity, and Kalari Capital.
In addition to its success in India, Dream11 has expanded to other countries, such as Bangladesh and Sri Lanka, further increasing its reach and market size.
The company has also monetized its user base through various means, such as cash contests, partnerships with brands and sponsors, and advertising.
Overall, the rise in Dream11 users and the growth in the fantasy sports market in India is a testament to the popularity and success of the platform.
The company has been able to capitalize on the growing interest in sports and the increasing availability of the internet and mobile access to become a significant player in the fantasy sports space.
The company is expected to continue its growth trajectory in the coming years and expand its market share in the fantasy sports industry.
Dream11 Revenue Model and Business Model
Dream11 is a highly successful fantasy cricket sports app that has gained millions of users, generated significant revenue, and awarded multiple cash prizes.
If you are interested in developing an app like Dream11, it is vital to understand the details of its revenue model.
The app allows users to join both free and paid contests, with no cash prize for the free contests. For paid contests, users must pay a match fee, with 20% of the total match fee collection going towards the app’s revenue and the remaining 80% being distributed as cash prizes to the winners.
For example, if the match fee is $10 per team and 21 teams participate in a cash-oriented contest, the total collected match fee will be $210. In this case, $42 would be the app’s revenue and the remaining $168 would be distributed as cash prizes to the winners.
Dream11 Generates Revenue in Three Ways:
– Commissions
The app charges users a commission on the match fee to participate in paid contests. As mentioned in the previous answer, 20% of the match fee collection typically goes towards the app’s revenue, with the remaining 80% distributed as cash prizes to the winners.
– Selling user data
Another way Dream11 generates revenue is by selling user data to third-party companies. This data includes user demographics, preferences, and behavior patterns. Companies use this information for targeted advertising and market research.
– Advertising:
The app also generates revenue through advertising. This includes displaying ads within the app and partnering with brands for sponsored content. The advertising revenue is generated by displaying app ads and partnering with brands for sponsored content.
These revenue streams help the company to keep growing and expanding its reach to more users.
Features of a Dream11 App
Though the Dream11 app is most famous for fantasy cricket but also includes other sports like football, basketball, and hockey. The following are some of the critical features of the Dream11 app:
1. User Participant/Panel
The User Panel of an app includes various features and functionalities that allow users to interact with the app. These include:
– Registration/Login/Sign Up, where users can register using social media and Google accounts
– A Profile feature where users can manage their personal information through a dashboard
– A Search feature that allows users to search for game-specific information and apply filters for more specific results
– A User Screen that displays necessary information and options for users to access different parts of the app
– A Contest feature where users can view details of ongoing and upcoming contests and join them as desired.
– The ability to create your Contests and manage participants through the My Contest feature
– Payment Modes for online payments using a debit card, credit card, and net banking
– A Transaction feature to view earning details, number of games played, and wins and losses
– An Invite & Earn feature that allows users to generate referral URLs to invite friends and earn credit points.
2. Admin Panel
The Admin Panel is a feature that gives the administrator control over all activities within the app. It includes the following features:
– Login for the administrator to access the panel using specialized credentials such as an admin ID and password.
– A Dashboard that allows the administrator to control app features and perform various tasks.
– User Management for the administrator to manage users, including controlling their activity, editing information, and adding or removing information.
– Match Management for the administrator to manage ongoing and upcoming matches.
– Games Management for the administrator to manage different categories of games, such as cricket, football, basketball, etc.
– Rewards/Cashback Management for the administrator to oversee all details related to rewards and cashback.
– Revenue Management for the administrator to manage all revenue-related activities and view revenue generated by each source.
– Payment Requests Handling for the administrator to manage payment and withdrawal requests made by Fantasy game app users.
Other Features of the Dream11 app
– Player prediction
A feature that suggests predictions about crucial team players, helping users make informed decisions when creating virtual teams.
– Utilization of earned game points
A feature that allows users to use their earned game points as a match or game fee instead of paying every time.
– Live score updates
A feature that provides real-time updates on scores and matches, which can increase user engagement and attract more users.
– Sports quiz
A feature that tests users’ knowledge of sports and improves their understanding of the game.
– Multi-language support
A feature that allows users to use the app in their native language, which can be beneficial when targeting a global audience.
– GPS location tracking
A feature that uses users’ location to send push notifications and alerts about nearby leagues and matches.
– Live score prediction
A feature that allows users to predict live scores and win prizes, increasing engagement and attracting more users.
– Player replacement during a match
A feature that allows team owners to modify their players during a match, adding an element of strategy and excitement.
– Cryptocurrency payment option
A feature that allows users to make payments using new-age payment methods such as Cryptocurrency Payment, which can attract more users.
– Real-time analytics
A feature that captures and updates data in real time, providing valuable insights and helping to improve the user experience.
How Will Scrum Digital Help You to Make Fantasy App Like Dream11?
Scrum Digital can help you create a fantasy sports app similar to Dream11 by providing a range of services, including:
1. App development: Scrum Digital will work with you to design and develop a custom fantasy sports app that meets your specific requirements and goals.
2. UI/UX design: The company will provide a user-friendly and visually appealing interface for your app to ensure a seamless user experience.
3. Technical expertise: Scrum Digital will leverage its expertise in the latest technologies and programming languages to build a robust and scalable app.
4. Integration with third-party services: They can integrate your app with various third-party services such as payment gateways, social media platforms, and more.
5. Testing and quality assurance: Scrum Digital will test and validate the app to ensure it is free of bugs and performs as expected.
6. Support and maintenance: The company will provide ongoing support and maintenance to ensure the app remains up-to-date and continues to function smoothly.
7. Marketing and promotion: Scrum Digital will help you to promote your app and drive user acquisition through various marketing channels like SEO, SEM, Social Media, and PR.
8. Admin Panel: They will also develop an admin panel to manage all the activities, users, matches, games, rewards and cashback, revenues, and payment requests.
By working with a reputed fantasy sports app development company, Scrum Digital, you will have a dedicated team of experienced professionals to guide you through creating a fantasy sports app like Dream11.
How Much Does it Cost to Create a Fantasy Sports App like Dream11?
The cost to develop a fantasy sports app like Dream11 can vary depending on several factors. On average, it can range from $5,000 to $20,000, with the cost increasing as more features are added.
When calculating the cost of development, it’s essential to consider the following aspects:
– Domain registration: Typically costs around $10 to $20 per year for a new domain.
– Data feeds: This can vary from $500 to a few thousand dollars depending on the type of sport and the data requirements.
– Legal fees: These can cost around $1,000 and vary depending on the location.
– Annual maintenance: Typically around $1,000 per year, depending on the updates and support needed.
– Hosting: Depending on the hosting services and traffic, this can cost around $100 a year. Additional costs may be incurred for added security features and regular website backups.
– Revenue model: This can vary depending on the type of app being developed.
– White label solutions: These are ready-made products that can easily be implemented and generate revenue. They typically start at $5,000.
– Custom solutions: If you have a unique idea and a limited budget, custom solutions can be developed for around $20,000.
– Premium product development: For those willing to invest more and believe they can earn significant revenue from the app, premium consultancy and custom features can be added.
Bottom-Line
Developing a Fantasy Sports app like Dream11 can cost anywhere between $5,000 to $20,000, depending on the features and functionalities included.
Depending on the complexity and features, the entire development time can be somewhere between 500 and 100 hours.
Currently, Dream11 is the second-best fantasy sports app, therefore it would be fantastic for you to use it as a benchmark for the expansion of the fantasy sports industry.
If you are looking to develop a Fantasy Sports app, you must consider your budget and the features you want to include in the app.
A reputable development company like ScrumDigital can help you create a high-quality app that meets your specific needs and budget.
Scrum Digital has a team of experienced developers who can help you create a Fantasy Sports app that stands out in the market. Contact ScrumDigital today to discuss your project and get a free quote.
