Guide to Building Fantasy Sports Apps Like FanDuel

The concept of the Fantasy Sports betting app isn’t new; it’s been around for many years. It all started with the first reported fantasy baseball game in Boston back in 1960, and since then, it’s been a journey without a stop. As the constant growing fanbase in the sports industry. Especially with the rise of sports betting apps for news, betting, watching live matches, and more.

Nowadays, there are many fantasy sports betting apps like Fanduel, DraftKings, and BetMGM dominating the scene.

Fanduel, in particular, is hugely popular, attracting millions of players with its real-time fantasy sports platform. It’s a New York-based company offering daily fantasy sports, sportsbooks, online casino games, and horse race betting services.

With mobile apps driving the sports industry forward. If you are thinking about developing a gaming or sports betting app, this blog is for you. Let’s explore the sports betting app marketing, to get started with your project.

Sports Betting App Market Overview

• By 2025, it is predicted that online sports betting could make $5 billion, while traditional, in-person betting might bring in $1.5 billion. (Source: Statista)
• There are lots of companies making sports betting apps, with over 25,000 of them out there and nearly 245,000 people working in the fantasy sports app.
• Global sports betting marketing is predicted to achieve a revenue of $49.96 billion by 2024. (Source: Statista)
• By 2028, the sports betting app market will reach ‌$67.17 billion, with a growth rate of 7.68% (CAGR 2024 – 2028). (Source: Statista)

There are many well-known fantasy sports apps in the market and some well-known name is FanDuel. Let’s learn about Betting apps like FanDuel and how Fanduel Fantasy works to make money.

What is FanDuel?

FanDuel is a popular fantasy sports app where users can play fantasy sports and bet on real sports. It covers big leagues like NFL, NBA, MLB, NHL, and others.

On FanDuel, you can create fantasy teams with real players from different teams and compete against other users based on how those players perform in real games. Depending on the sport and contest, the rules and scoring can change. There are different entry fees and prizes, and if the user wins, then they get cash prizes.

FanDuel also lets you bet on sports events through its sportsbook feature. You can bet on who will win a game, how many points will be scored, or how well a player will do. The app gives you real-time odds and lets you make bets while games are happening.

Cost-Affecting Factors of Fantasy Sports Betting Apps

The cost of fantasy sports betting apps can go high if they contain advanced features. To determine the cost, multiple factors can help you predict your mobile app development budget. It will help you to select your fantasy mobile app services provider through them.

Step 1: Platform

When you’re thinking about making a mobile app, one big decision is which platform to use: Android or iOS. Betting apps like Fanduel, are available on both Android and iOS. They use Amazon Web Services to keep things secure and running smoothly.

Developing an app for iOS tends to be cheaper than for Android because iOS works on fewer devices. But if you want to reach more customers, it’s smart to make your app for both platforms. So, before you start working with an app developer, think about which platform will work best for your goals.

Step 2: Tech Requirement

After selecting the platform for your fantasy sports app, the next step is to select the right tech stack for your mobile app developers. This means deciding things like

• What programming language do you want to use?
• Which database will store your data?
• Whether you want to build your app specifically for one platform or use a framework that works across different platforms.

Answering these questions will help you understand how much money you’ll need for development. It’s a good idea to talk to your app developer first so you can make the best choice for your project.

Step 3: Fantasy Sports Mobile App Features

The success of your sports app development depends a lot on the features it offers. The more features you want, the more it might cost to develop. Things like supporting multiple platforms, giving expert analysis, showing live matches, offering different ways to pay, and having leaderboards can make the process more expensive.

But no matter what, there are some key features your fantasy sports app needs to do well. We’ll talk about those features of sports betting apps like FanDuel in the next section.

Step 4: Hiring A Sports App Development Company

Finally, how much it costs to make an app like Fanduel depends a lot on the company you hire dedicated app developers for. It’s really important to pick a development partner who knows what they’re doing, has the right tools, and is fair with their pricing.

The better the development process, the less money you might need to spend. A good fantasy sports app development company USA can help you avoid mistakes, give you good advice, and use top-notch resources to make your app great. Also, where your developers are located can affect how much you’ll pay.

Features To Be Included In Sports Betting App Like FanDuel

 

To make your sports betting app like FanDuel, you need to focus on its features and how they work for both administrators and users. These features can be split into two categories: Admin Panel Features and User Panel Features.

Remember, these features not only affect the cost of developing your app but also define what makes your app unique.

Admin Panel Features

The Admin panel gives administrators control over user activities and the overall app functions.

• User Management: Admins can monitor user actions and ban users if needed.
• Price and Payment Management: Admins handle payments from users and distribute winnings.
• Game Management: Admins can modify events and manage ongoing games.
• Marketing Tools: Admins use these tools for promotional messages and social media outreach.
• Content Management: Admins can modify app content, including language and updates.

User Panel Features

The User panel is for your app’s users and subscribers, focusing on user-friendliness and engagement.

• Sign-in: Users can sign up using email, phone numbers, or social media accounts.
• Live Scores: Users can see live scores and analyze team or player performance for betting decisions.
• Result Notifications: Users receive match result notifications.
• Ranking and Upcoming Events: Users can see rankings and get alerts for upcoming matches.
• Offers and Betting Tips: Regular users get offers, and there’s a section for betting tips.

You can also include advanced features like in-app video calls, live streaming, app updates, and artificial intelligence sports apps to make your app stand out.

How Do Fantasy Sports Betting Apps Like FanDuel Generate Revenue?

Different monetization techniques are used by fantasy sports betting apps like FanDuel to make money on Fanduel.

If you are wondering how to make money on FanDuel, you should be aware that an app can employ all of them at once or a mixture of one or two of them.

With that in mind, let’s look at how to make money on the FanDuel sports app.

• Fees for Participation

One common way that fantasy sports betting apps like Fanduel, earn money is by charging a small fee when users participate in contests. This fee is usually a small percentage of the entry cost.

• Advertisement

As your FanDuel sports app becomes more popular. You can make money by selling advertising space to brands and businesses. Sports-related companies are always looking for platforms with lots of fans.

• User Engagement Models

Fantasy sports apps like FanDuel and DraftKings offer daily or weekly contests. This scheme helps in user engagement and boosts revenue.

Sports betting apps are the latest trend, letting users legally bet on their favorite games. With effective monetization strategies, these apps can bring in substantial profits. Just be sure to have a trustworthy sports development partner to help you along the way.

How Much Does it Cost to Develop a Fantasy Sports Betting App Like FanDuel?

The cost of developing a fantasy sports betting app like FanDuel can differ a lot based on several factors. These include how complex the app is, which platforms it works on, what features it has, how it looks, and how you develop it (whether you do it in-house or hire someone).

Usually, developing a fantasy sports app can cost anywhere from $8,000 to $30,000 or even more. This includes everything from designing and building the app to testing it, launching it, and keeping it running afterward.

The more complicated the app is—for example if it needs features like live score updates or works on different platforms like iOS and Android—the more it’ll cost. Your mobile app can solve the top sports industry challenges.

Remember, these are just estimates and the actual cost can vary depending on your specific needs, who you hire to develop it, and other factors. It’s a good idea to talk to a professional app development company to get a better idea of how much your project will cost.

Final Thoughts

To conclude this blog, creating a fantasy sports apps like FanDuel can offer a bigger opportunity for your business. By adding advanced features and the latest technologies, your business can make more revenue. You can create a platform where sports fans come together, compete in friendly matches, and enjoy a thrilling virtual sports experience.

Just make sure to follow the rules carefully, keep users interested, and adjust to what your audience wants as things change. If you feel like you are having a hard time planning then you can reach out to the top mobile app development companies. They can help you to build the next top fantasy sports betting apps like FanDuel.

So, get ready to make the next big fantasy sports app, and let the fun begin!