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The concept of fantasy sports is not a new thing; it has been among us for decades. Fantasy sports began in the late 19s, and since then, it has become more popular in their respective fields. The real fantasy sports sector has grown too much, creating a profitable business for every startup that wants to leverage sports betting benefits.
In the current marketplace, there are countless fantasy sports available that are fighting for the top position. And among those, Dream11, MPL, and Fairplay are one of the fantasy sports apps that are currently in top competition in the market. The achievement Fairplay successfully gained is remarkable, giving the fantasy sports industry a new face. A face of how a startup or business can make a huge profit and earn a large user base through fantasy sports platforms.
Moreover, it is not only helping the fantasy sports industries to earn money. But the fantasy sports app development focuses on providing a comprehensive user experience and attracts them to master the game. It is also important to understand that these gaming apps cost a lot to develop. A lot of money is spent on developing big games because of features like visuals, interface, security and many other things. App development cost is very important to understand the factors that affect these sports betting, which the following will help you to understand in more detail.
When developing a real-money fantasy sports app, the cost sets half of the criteria to finish the project. To determine your project's budget, you need to determine the cost of app development through freelancing or hiring a dedicated mobile app development company for your project.
App Features are one of the essential factors that heavily determine the cost of app development. But in the fantasy sports app case, the cost may be much more than just standard app development. It's a complex yet simple process; the more you add high dynamic features, the more the cost of your app increases. Therefore, in the planning stage, you must decide with your fantasy app developer about what types and number of features you need to add. You can also choose white-label solutions if you don't want to get into this mess.
The feature builds your brand value in the marketplace and allows you to create a unique identity for your business. Features allow you to drive your fantasy sports business on the success path and give you a competitive edge in the digital world. Therefore, it's very crucial to choose the right features that are must-haves for your fantasy sports app development. To give you a comprehensive look at what essential features you should include in your fantasy sports application, I have mentioned some of them in complete detail below.
User Panel Features
Login/Signup: The login and sign-up feature allow users to log into the app by filling in credentials like username and password.
Dashboard: When a user first enters the app after login, he will find every essential option on his main screen, such as sports games, tournaments, matches, etc.
User Profile: This feature enables users to make changes in their profile section, such as profile picture, name, email, phone number, etc. The basic details and progression can be tracked or changed through this option.
Search Option: By using the search option, users can easily find their favorite sports information, news, match timings, fixtures, games and much more.
Create/Join Tournaments: With these features of fantasy sports apps, users can join live tournaments or matches and create a team based on real matches and players to enter the game and compete for the top leaderboard placement.
E-Wallet Payment Options: The user has access to the virtual wallet in the app. From here, users can easily withdraw their winning money to their bank accounts or add money to their wallets or in the game using debit, credit cards, or net banking.
Live Score: Users tend always to keep updated with the real-time score of the game; therefore, this option enables a live feed score system. The live score will keep updated every second so that users don't feel left out of the game, plus; it also helps them to manage the team according to the real score.
Offers & Betting Tips: Great and super engaging feature that drives and attracts more users to your fantasy sports platform. Rewarding new and regular users with exciting offers and discounts is always preferable, especially in the fantasy sports business. This way, you will retain your user and create a reliable connection between you and your players.
On the other hand, giving your users a few basic betting tips works like a cherry on top. This feature will help newly joined players learn about fantasy games and perform better to increase their winning chances from the start.
Refer & Rewards: Users will be given a referral code which they can use to share with their friends to earn a bonus amount.
Team Management: The user can add, change or remove the player per their choices. Users can manage their teams and apply them accordingly.
Admin Panel features
Admin Login: Admins can use their User ID and Password details to access their Dashboard function.
User Management: This gives admin complete control over user accounts and allows them to manage users by adding, editing, deleting or deactivating user’s accounts.
Admin Dashboard: This feature will display the statistics of areas like total matches (upcoming, ongoing, and played matches), total competitors and overall earnings.
Manage Payments Options: Admin have complete access over payment methods of the application.
Manage Bank Withdrawal Requests: Admin can view the users entire request to withdraw their winnings to their respective bank. The admin has full control and the right to accept/reject the bank information, PAN card details, and cards information as well. View the full list of participants (approved and disapproved), and make a monetary donation to the participants can be done by admin panel.
Earning Management: Admin has full authority to use different filters to see all the application earnings by using this feature.
Additional Features
Regarding the development of fantasy sports apps like Fairplay, there are some additional aspects to consider that make it highly attractive to use. These features may add up to your fantasy sports cost budget limit, but the return on investment will undoubtedly be worth the risk. You can consult your fantasy sports developers’ team and give them your ideas to integrate these additional must-have features into your app.
Live Match Scores: This feature is very useful for users as they can see match highlights and live score of the match.
Integration with Live Score API: This provides fantasy app developers with ready-to-use data that can quickly incorporate into their platform, similar to the Fairplay API.
CRM Integration: The app is connected to the back-end service provider system and assists in ticket management, user location, email, push alerts and many more tasks.
Push Notification: Users receive alerts and messages when it's time to team up or match about to start.
Real-time Analytics: This feature is essential in majorly every app where data needs to be recorded in real-time. All the sports related information is constantly saved and updated in real time.
GPS Location Tracking: This feature is useful for notifying app users and push-notifications about upcoming or ongoing tournaments and matches in their region.
Custom Mail Reminder System: Participants will get custom emails informing them about future matches or their selected players or team.
Features are an essential part of your fantasy app, like Fairplay. The best way to create an app like Fairplay will be better if you do complete research on the app. And then, decide what you need to add to your fantasy application to stand out from the crowd (that means a unique solution).
Furthermore, these features are a must, but you can add more advanced features as your business app needs. Now that you have gained a general idea of features let's move on to our main topic again.
Another factor that also heavily impacts your fantasy sports app like Fairplay. Fairplay is a unique but standard-design fantasy app available on the two most popular platforms, Android and iOS. Your app platform plays a very crucial role in terms of targeting potential audiences. But for you, there is good news: many advanced technologies allow you to build your fantasy app, like Fairplay, for both platforms without writing the code from scratch again. This makes fantasy sports app developer work very lightweight and saves a lot of time, which saves some extra costs.
Now you must be happy, but this is only the solution; the cost may be one side road you must pay if you want your app to be developed for both platforms. Therefore, create an infrastructure for your app to know who you should target iOS users, Android users, or both. Some decisions are a little difficult to take when you know both sides are profitable, but the only thing stopping you is cost.
To reduce your confusion about which platform you should target to get a higher chance of profitability for your business through your fantasy sports app like Fairplay.
iOS and Android market comparison for fantasy sports app development -
There are some differences between the Android and iOS platform, which is mentioned below:-
These stats show that Android and iOS platforms compete nearly equally. This clears the imaging of which platform is more on the profitability side. However, if you have more extra pockets to throw, then the best solution for that is to utilize them to develop a cross-platform fantasy sports application.
Cross-platform technologies offer many benefits, such as:-
Limitations:-
Let's say you have a perfect idea and plan to launch your fantasy sports application for your business. You know what types of features you will integrate and which platform it will be, but here is the most important question: where are your technology stacks? Did you think about it in the first place?
After deciding which platform to develop your fantasy sports app, the vital part is choosing the right tech stacks. And to choose the right one, you should ask these questions such as:-
You will need advanced and proficient tools and technologies to develop your app. Developing your app on an advanced level, your team should possess quality knowledge and experience in various basic technologies. These technologies allow you to build your app completely feature-rich and functional. Here are some proficient tech stacks that you can choose to build your fantasy sports application.
Tech Stacks Required to Develop Fantasy Sports Apps Like Fairplay-
Note - Whether you choose advanced technologies or other ones, your main concern should be how to utilize those tech stacks to save your cost, time, and resources and build complete feature-rich and functional solutions. Therefore, gathering your app development team and having a complete consultation with them will be a great start.
At last, your hired mobile app development partner determines the cost of developing a fantasy sports app like Fairplay or any sports app ideas to bring it to life. Working with your fantasy app developers with top-industry knowledge, experience, resources, and overall goodwill is critical to assist you in your important app development procedures. Therefore, hiring fantasy sports developers will play a very crucial role in your development of fantasy sports apps like Fairplay.
The more experience and knowledge they will have, the more your app development will be in good hands, but the cost will also increase. However, not all the people here say or show the truth, right? Moreover, they can loot you if they see you don't have enough knowledge about app development and technologies.
To eliminate these situations, the best way to hire an app developer or app development company will be to review past and current projects and customer reviews.
Here I have mentioned some of the essential aspects when choosing the correct fantasy app developers or development company for your project:
So far, we have learned the factors that affect mobile app development costs. This is the time to know the cost of developing fantasy sports apps like Fairplay.
To remind you again, the exact cost estimation is impossible to give as the above factors decide the cost of the app. However, being a self-fantasy sports app enthusiast at Orion InfoSolutions, a mobile app development company, we know how and what exactly the fantasy sports industry needs. Orion InfoSolutions has a pool of the world's best app developers, including fantasy app developers. If you don't want to get into this hassle alone, we can help you without any problem. Hire us and be a part of a professional development family to develop your idea into reality with one of the best cost-saving modules.
Here are some of the cost estimations of a fantasy sports app development-
The cost of developing a fantasy sports app like Fairplay on Android and iOS platforms with back-end support would be around $19,000-$24,000 in a US-based company. And an Indian-based app development company will charge $10,000-$50,000. But there are some other facts as well about cost.
Across the World:-
Basic Feature App Projects - $5,000 to $10,000 (1-3 Months)
Standard Feature App Projects - $10,000 to $50,000 (4-6 Months)
Complex or High-end Feature App Projects - $60,000 to $120,000+ (8+ Months)
However, if something is expanding your budget, try to find the best option or eliminate it for a later add-on. Every above mentioned factor affects the overall cost of developing a fantasy sports app like Fairplay. Therefore, do the research and clear your mind about investing; a last-minute problem can sabotage your plan to launch an app once the development process is over. Hire experts like fantasy app developers to manage your budget with advanced features.
But also, you can eliminate this task by approaching us and developing your project, staying within your budget limit. Contact us and tell us your project needs, and we will deliver you an intuitive and business-ready solution in no time.
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DC Kumawat is the CEO of Orion InfoSolutions, a leading provider of IT solutions to businesses of all sizes. He has over 14+ years of experience in the IT industry. He is a passionate advocate for the use of technology to improve business performance.