Explained Simply25th December 2024
The demand for fantasy sports applications and famous fantasy apps, i.e., FanDuel, is surging. Numerous fantasy sports apps similar to FanDuel, including DraftKings, BetMGM, and others, are influencing fantasy sports app development. Among these, FanDuel stands out as the leading fantasy sports app, drawing millions of users globally. Building an application like FanDuel gives entrepreneurs many opportunities in a profitable business, by planning and providing expertise and even marketing techniques for revenue generation. Therefore, if one is keen on developing his fantasy sports application like that of FanDuel then this guidebook would be the solution. It will cater right from the research, and exactly developing an app like FanDuel.
Understanding FanDuel Fantasy Sports App
Before moving forward with building a fantasy sports app like FanDuel let us understand about FanDuel Fantasy Sports App. The FanDuel Fantasy Sports App is a platform for fantasy sports for DFS i.e. Daily Fantasy Sports. The users using this application can easily participate in the league of fantasy sports. They can create a team, and earn points based on the performance of the players in the team.
There are multiple sports in FanDuel like NBA, MLB, NHL, etc. Also, along with this, the fantasy sports app allows one to play one real money on different events that also include professional games as well.
Market Overview of Fantasy Sports App
In the year 2022, the market of this industry has created a huge size i.e. $230 billion with more than 30,000 businesses active in the fantasy sports industry. Now, there are many countries that are participating in the betting industry, including the United States. The market of the Fantasy sports industry is intended to grow by $10 billion by the year 2028.
How to Develop Fantasy Sports App Like FanDuel ?
Creating an app like FanDuel requires analysis and research, planning, development, and testing that does not create any break to the user experience. The following shows steps to develop an app like FanDuel.
1. Define Your Goal & Your Target Audience
For developing an app like FanDuel the concept should be clear. This will help you to know how you can achieve your target audience. Analyze with the FanDuel app, and know which sports you would include in your fantasy apps like cricket, football, or any other.
Once selecting the sport to include it’s now the time to decide your target audience. Analyze which users will be using your app. Whether they are casual players or dedicated fantasy sports enthusiasts.
2. Develop Your Team
To have an outstanding app like FanDuel, opt with an experienced fantasy sports app development company that can help you with different aspects of your fantasy sports app. Identify with their experience in fantasy sports app development
Now search and opt for skilled mobile application development services that can contribute to different aspects of app development. This is because it needs to focus on different factors like front-end development, backend development, designing, and most importantly database.
3. User Interface Design & App Features
Designing is one of the intuitive factors of fantasy sports apps. A simple and creative design of a fantasy app can make navigation easy for the users. Before proceeding forward with fantasy sports app development, one needs to validate designing with the use of prototypes & wireframes.
Designing the app, creating a core outline of the features to be included in fantasy sports apps like FanDuel. Some of the basic features include –
- Register & Authentication
- Profile Management
- Creating Sports League
- Creating a Team by Selecting Players
- Leaderboards
- Live Scores
- Social Sharing
- Secure Payment Gateway for Fees & Prizes
4. Fantasy Sports App Development
The developers will develop apps like FanDuel with a robust backend infrastructure. The most common language used in Node.js is Python for server-side development, and MySQL & MongoDB for the database. This is where the actual data of the app is stored.
5. Adding Live Score to App
This shows the live score displayed on the app of an ongoing game. To get real-time scores, it requires a third-party data provider to show the statistics. This updates the scores and shows the actual winner. Based on this, the user can bet on a particular player or a team. To fetch the live data, there are API & data aggregators used.
6. Adding Secured Payment Systems
When it comes to payment options, a secured payment system is very important. Here with the fantasy sports app to process entry fees and prizes, a secured payment system is a must. There are different features to be included including wallet management, withdrawals, transaction history, etc.
7. Testing
After developing fantasy sports apps like FanDuel it is important to test the applications. One needs to make sure to test the app’s functionality, performance & security of the application. Testing with real users is a great advantage to identify the areas to be improved.
8. Launch the App
Done with the fantasy sports app development, it’s now time to launch your app in the marketplace. Create an outstanding marketing strategy and plan to promote your app like FanDuel attracting more users to the app.
Cost to Develop an App like FanDuel
The number of users of the application like FanDuel is increasing daily. Hence, for a business or entrepreneur, it is a good way to develop such an application. Before, that let us know the cost of creating a fantasy sports app like FanDuel
The cost to develop a fantasy sports app like FanDuel is $20,000-$80,000. This cost is based on several factors. Some of them include platform compatibility, features, developers required, and most importantly technology used for backend development and database use.
Factors Affecting the Cost of Developing Fantasy Sports Apps like FanDuel
1. Application Features & Design:
The number of features to be included in your fantasy app can reflect the overall functionality and cost. The more complex the features, the more they depend on. Its overall cost may vary depending on the complexity and may go from $1200-$20,000. The design of the application also has an impact on the cost. This includes the quality of design, graphics, and animation used in the application.
2. App Security
To build trust among users, the security of the application is the most important factor to be considered. This is because it consists of users’ data, and also different transactions being done. Not only this, it also helps to prevent applications from cyber attacks or threats. Fantasy sports apps consist of large amounts of data. Hence, data security is a must and also the overall app security.
3. Technology Stack Used
It is important to select the right stack for your application. The cost also depends on the type of technology stack you select. This includes the overall development of the app including backend, frontend, and database selection. And also which language you choose for your fantasy sports app development. The integration of the technology will not only impact the cost but also reflect the overall functionality of the application.
4. Testing & Maintenance
Before the launch of the application into the market, app testing is a must. Depending on the app’s features and functionality accordingly it requires different types of testing. It may affect 15-20% overall cost of fantasy app development like FanDuel. It is a good choice to undertake different types of testing, analyze bugs, and errors, and remove them.
5. App Maintenance
Maintaining the app includes frequent updates, solving the complexity, and ongoing support. This is important to fix the functional issues of the application. This may affect up to 20% of the overall cost of development. Here one must select the essential maintenance service required.
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Conclusion
To Develop a fantasy sports app like FanDuel research, planning, and understanding in depth about the fantasy sports market. There are various factors like research & analysis, planning, development, and testing to be considered for developing an app like FanDuel. The above blog shows the overall market size, including how to develop fantasy app like FanDuel. Also illustrated with the cost factors affecting it. For a successful fantasy app, one must address security, scalability, and user engagement for the long-term success of the application.
Frequently Asked Questions
The key features of fantasy sports apps like FanDuel include user registration, team creation, live scores & matches, and contests. Users can register, join contests, manage teams, and track performance based on live scores and player performance. For transactions like entry fees or rewards, secure payment is essential.
The overall cost to develop a fantasy sports app like FanDuel is around $25,000 to $50,000. There are different parameters based on the cost. Key features to include are interactive elements, a secured payment system, intuitive design, and compatibility across multiple platforms.
Generally, to develop a fantasy sports app React Native and Flutter are used for development. For the backend, it uses Node.js, Ruby on Rails, etc. MongoDB & PostgreSQL are used for database management. For live score streaming it uses different APIs like FantasyData & Sportradar. Also, it is best to use AWS & Google Cloud for reliable performance of the app.
For businesses, it provides an opportunity to generate revenue with an app like FanDuel. It can be through providing advertisements, in-app purchases and charging an entry fee. Subscription models,and partnerships are also additional ways to generate revenue.
In order to scale your fantasy sports app after launch try to keep adding new features to your app, contests, and live updates. Get the user’s feedback, and implement the changes that help to improve the user experience. One can explore connecting with influencers, and partners, offer referral bonuses, and run social media campaigns. Drive organic growth to your application by developing a community that also helps to retain users as well.
