Fantasy sports have become a popular activity among sports enthusiasts worldwide. With the rise of mobile technology, fantasy sports apps have become a convenient way for users to draft teams, compete against other players, and even win cash prizes.
However, developing your own Fantasy sports app can be challenging; a fantasy app developer must focus on several development aspects, including understanding the app market, identifying your target audience, cost, building and launching your app.
Hence, this guide will explore the key steps and considerations for a successful fantasy sports app development model, covering every required detail. Whether you’re a first-time app developer or an experienced professional, this guide will provide the information you need to bring your fantasy sports app to life.
Let’s dive in and discover the exciting fantasy sports app development world together!
What is a Fantasy Sports App?
In fantasy sports, players assemble a team of real players from a given match list and then track their performance through statistics comparison.
What sets fantasy sports apart is its unique blend of participatory and spectator elements, as it allows sports consumers to engage in both aspects. Players are able to track their team’s performance and create custom private events with other players.
Global Market Size for Fantasy Sports Apps
More and more fantasy sports applications are being developed for the market by the fantasy sports app development companies. Thus, it’s no shock that it is now one of the fastest-growing markets worldwide. Predictions estimate that the market size will reach $48.6 billion by 2027.
Before creating your own fantasy sports app, it’s important to consider a few factors that will help determine the type of app you want to develop and the category you want to focus on. Popular options include football, baseball, basketball, hockey, and cricket.
The football segment holds the largest market share. Still, fantasy cricket is expected to have the highest CAGR of 17.9% from 2021-2027. Although cricket is relatively new, there is evident competition between football and cricket. As a result, entrepreneurs can launch an app and establish a strong market position.
Talking about the platform, the market is divided into website, and mobile application and the market share is dominated by mobile applications. According to reports, this segment will exhibit the highest CAGR of 14.8% during 2020-2027.
Now that you have an overview of the market and considerations, it’s time to learn how these apps work.
How Fantasy Sports App Works?
Fantasy sports apps allow users to assemble virtual teams of real players who compete based on the statistical performance of those players in actual games. The workflow of a fantasy app typically includes the following steps:
- Choose the Match: Users select a match after login and OTP verification.
- Form a Team: Users then form a team according to the requirements of the game, such as a team of 11 players for cricket. There are several ways to form a team, including Serpentine, Auction-based, and offline drafting.
- Captain: Users select a captain for their team.
- Team Division: According to the game’s rules, users create multiple teams, and virtual players can join the team of their choice.
- Team Management: Users can modify the team they created at any point during the game.
- Reward Distribution: Players receive points based on their performance, and the team with the highest points is the winner.
How to Make Money With a Fantasy App?
When it comes to creating a fantasy sports app, the question of monetization often arises. Can app owners really earn money from their app? The answer is yes, but how? We will explore the different strategies for monetizing your fantasy sports app.
- Advertising: One of the most profitable revenue models for fantasy sports app is through advertising. CBS, Yahoo, and Disney are just a few examples of companies that earn a significant amount of their revenue from advertising. By displaying commercials inside the app, ad networks will pay you. The amount earned depends on the genre of the app and the type of ad unit used. For example, the average revenue per impression for rewarded video ads in the US is $0.02.
- Merchandise: Another way to earn revenue is by selling merchandise. You can charge for custom t-shirts with a photo of famous sports players.
- Freemium: In this fantasy sports app development model, users can download the app for free, but they can only access advanced functionality after making a purchase. You can use this approach to give additional features, ad-free gaming, etc. only to paid users.
- Participation Fees: You can earn revenue by charging participation fees from users. Two popular fantasy sports apps, DraftKings and FanDuel, organize contests and charge a participation fee for them. Most of their revenue comes from these cash-prize contests.
By utilizing these strategies, you can monetize your fantasy sports app and turn it into a profitable venture
Famous Sports Running Successfully in Fantasy Sports App
Fantasy sports apps are becoming increasingly popular worldwide, with various sports being offered for users to participate in; some of the most popular sports running successfully on fantasy sports apps include American football, baseball, basketball, hockey, and soccer.
These sports have a large fan base and a lot of available data and statistics, making them well-suited for fantasy sports. These sports have a long history and tradition, further adding to their appeal.
Other sports, such as cricket, golf, and motor sports, are also gaining popularity in fantasy sports apps. These apps are a great way for fans to engage with their favorite sports and teams in a fun and interactive way.
Further saying, football, also known as fantasy premier leagues, offers a wide range of interactive games for users to participate in.
These games are divided into different categories, catering to different preferences and skill levels. Some of the most popular types of fantasy football leagues include:
- Fantasy football PPR (points per reception)
- Draft league
- Draft-only league
- Best ball league
- Public League
- Dynasty league
Each of these leagues has unique rules, strategies, and gameplay, providing a diverse experience for players.
Features of a Fantasy Sports App
A fantasy premier league app is designed to provide users with a unique and engaging experience by incorporating various features that set it apart from other game development software.
These features connect the users and the app environment, make the app stand out, and create a sense of importance for the users.
Some of the essential features that a fantasy sports application should include are:
- Leaderboards: Leaderboards are a feature that allows users to see their ranking among other players in the league. It’s a great way for players to track their progress and compete against other users.
- User profiles: User profiles allow users to personalize their experience by creating a unique account to store information such as their team, league history, and preferences.
- Player information: Player information is a feature that provides users with detailed information about each player, such as their statistics, performance, and injury status. This helps users make informed decisions when building their fantasy team.
- Create and join league options: Create and join league options allow users to create their league or join an existing one. This gives users the flexibility to play with friends or join public leagues.
- Dashboard for easy navigation: The dashboard is an essential feature that provides easy navigation within the app, making it easy for users to access its different features and functionalities.
- Manage money transfer for in-game purchases: This feature allows users to transfer money within the game to make in-game purchases, such as buying new players or upgrading the team’s performance.
- Real-time activities and updates: This feature gives users real-time updates on the games, players’ performance, and other relevant information. Users can track the games’ progress and adjust their teams accordingly.
- Admin Panel-An admin panel allows an administrator to manage and monitor the app’s content and user activity. It is a back-end interface separate from the app’s user-facing interface.
How Will Scrum Digital help you to Successfully Develop Fantasy Sports App?
Finally, it is important to understand how Scrum Digital can help develop a fantasy sports app successfully. The following is a step-by-step guide to the app development process:
- Market and Competitor Research: Scum Digital conducts thorough research to analyze the statistics of existing fantasy football apps in the market. This will provide insight into the strategies and methods used by competitors and help identify opportunities for differentiating your app.
- UI/UX: The user interface and experience are crucial in attracting users and improving the app experience. This is the stage where the design and layout of the app are finalized. Therefore, Scrum Digital provides aesthetic UI/UX designs to improve user experience.
- Features and Functions: Once the UI/UX is decided, we focus on the features and functions of the app. We consider the most unique and exclusive features that will set your app apart from others and generate revenue.
- Development Phase: Scum Digital has experienced and skilled fantasy sports app development teams to deliver a successful creation of your app. We ensure that you regularly communicate with the developer to avoid feature and function creation delays.
- Testing and Launch: After development, we test for bugs and errors before launching the app. Once the app is bug-free, it can be launched with the help of our development team.
- Marketing and Promotion: The final and crucial stage of fantasy sports app development is marketing and promotion. Our team will advertise and promote the app through various strategies to attract a large audience and make it stand out among competitors.
How Much Does it Cost to Create a Fantasy Sports App?
- The cost of creating a fantasy sports app can vary greatly depending on many factors, such as the app’s complexity, the number of features included, the platform(s) it will be developed for, and the development team you choose to work with.
- On average, the cost to develop a basic fantasy sports app can range from $30,000 to $50,000. However, if you are looking for a more complex app with additional features and functionality, the cost can easily exceed $100,000 or more.
- It’s also important to note that the fantasy sports app development cost is just one aspect of creating a fantasy sports app. You will also need to budget for ongoing costs such as server hosting, maintenance, and marketing.
- Another important factor to consider is the geolocation of the development team, as it can affect the cost. For instance, hiring a development team based in North America or Western Europe will be more expensive than hiring a team from Eastern Europe or Asia.
A potential developer like Scrum Digital’s team can help you better understand the costs and timelines for creating a fantasy sports app that meets your specific needs.
Top Fantasy Sports App in the Market
1. DraftKings:
This popular fantasy sports app offers a variety of sports to play, including football, baseball, basketball, hockey, golf, and soccer. Users can join public or private leagues, draft their teams, and compete against other players for cash prizes.
2. FanDuel:
Another popular fantasy sports app, FanDuel, offers similar features to DraftKings, including a selection of sports to play and the ability to join public or private leagues. They also offer various contests and tournaments for users to participate in.
3. Yahoo Fantasy Sports:
Yahoo Fantasy Sports is one of the most popular fantasy sports platforms and offers a wide selection of sports to play, including football, baseball, basketball, hockey, and soccer. The app is free to use and offers season-long and daily fantasy options.
4. ESPN Fantasy Sports:
ESPN Fantasy Sports is a fantasy sports app that offers sports including football, baseball, basketball, hockey, and soccer. The app is free to use and offers season-long and daily fantasy options. It also includes in-depth analysis, live scoring, and expert advice.
5. CBS Sports Fantasy:
CBS Sports Fantasy is a fantasy sports app that is free to use and offers season-long and daily fantasy options. It also includes live scoring and expert advice.
Bottom-Line
Fantasy Sports App Development is a great way to tap into the rapidly growing fantasy sports market. Though it is a complex process, but with the right guidance and resources, it can be a rewarding endeavor.
The app development cost can vary depending on the app’s features and functionality, but it is important to consider the potential return on investment. With the rising popularity of fantasy sports, now is the perfect time to dive into the world of fantasy sports app development.
If you’re interested in developing your own fantasy sports app, look no further than Scrum Digital. Our team of experienced IT professionals can guide you through the development process, from concept to launch.
With our expertise in fantasy sports app development, we can help you create a unique and engaging platform for users to compete and win.
Don’t miss out on this opportunity to tap into the lucrative fantasy sports market. Contact Scrum Digital today to discuss your fantasy sports app development needs.
