Explained Simply11th December 2024
There are very few of them who do not like to watch sports. But everyone is excited about knowing the live scores. Many are most interested in watching and playing the game online and watching live scores. Hence, there is an increase in demand in the fantasy sports business as it keeps the players connected with the help of fantasy sports platforms. Before diving further let us understand the market insights about the fantasy sports business.
The fantasy sports market in 2023 was at around 35 billion dollars, and it is supposed to grow up to 95 billion dollars in the year 2030. Such a scenario represents a landmark and an ideal opportunity for entrepreneurs and businesses, as regards the expansion of their business scope by developing fantasy sports apps. Entrepreneurs may opt for custom fantasy sports app development and provide other value-added services to the players if required to sustain the business as well as its position in the fantasy sports market.
What is Fantasy Sports?
Fantasy sport is a platform, where players can create their virtual teams. These are the teams created with real athletes. The points scored in the application are further converted into fantasy points. The fantasy points depend on the real performance of the players. Different fantasy sports include cricket, football, basketball, and many other sports.
Top Sports for Your Fantasy Sports Business Startup
Following are some sports that are good for a startup for fantasy sports business.
- Cricket: One of the most demanded sports and has huge fan engagement. During the IPL season & other international matches, it has more than 100 leagues and tournaments.
- Football: This is also one of the most popular fantasy sports. This is generally driven by international leagues like the EPL league.
- Kabbadi: There are many favorites nationwide to the pro-Kabbadi league.
- Basketball: Most commonly played in urban areas, basketball has been the most popular fantasy sport.
Also Read : Fantasy Sports App Development – A Complete Guide 2025
How to Start & Grow a Fantasy Sports Business?
To have a good start with the fantasy sports platform, the following are the points to be considered.
Choose the Sports Niche: For the daily fantasy sports apps, one must decide whether to cover multiple sports or focus on a single sport. One can also include multiple sports like hockey, cricket, basketball, football, etc.
Market Analysis & Research: Analyze the current market and trends to understand the size & growth of particular sports. Have an in-depth analysis of your competitors, gathering insights and other legal compliances.
Select Your Sports: An entrepreneur must select the fantasy sports platform development based on the demand in the marketplace. Also, need to consider the trends, preferences, potential growth, and interests of the target audience.
Development: Your fantasy sports app must have growth within the fantasy sports business in India. You have to develop your daily fantasy sports apps with outstanding design of functionality, visuals, and usability as well as adapt the trends as per the market trends and demand.
Technical Aspects: Considering the fantasy sports market, choose the right technical stack for a fantasy sports app. For frontend – React, for backend – Node.js, for databases – PostgreSQL, and have an outstanding intuitive UI/UX.
Legal Considerations: To ensure data protection, one should research legal requirements and gain a license.
Develop Your Team: Select a reputable & Experienced fantasy app development company with experienced fantasy app developers, designers & marketers for an effective fantasy app development for your startup business.
Marketing Your Fantasy App: Ensure that you make the best use of social media, SEO, and other marketing strategies to gain more traffic or users to your app.
Launching of Application: Launch your app with pre-launch campaigns, including social media coverage as well.
How to Create Fantasy Sports Revenue with Fantasy Sports Business?
Once created with the fantasy sports app, it is also important to know about revenue generation with fantasy sports apps. Here are some of the monetization ways that help to know how to make money from fantasy sports apps and grow your business.
- Revenue Based on Subscription: With the fantasy sports app, one can offer paid subscription models like basic, premium, and enterprise. In case, if the user wants to participate in a contest then he needs to go with the paid plan. A player can purchase the subscription plan monthly, quarterly, or yearly.
- In-App Purchase: To get access to additional services, participants need to pay for the features they want to use. This in-app purchase can be for individual services or multiple features. Hence, in-app purchases are a great way to generate revenue with your fantasy sports platform.
- Advertisement: As an entrepreneur, one can allow third-party vendors to advertise their services on your fantasy sports app and boost sales. These are displayed on your fantasy sports site and can also act as a source of earning through ads. Several types of ads are present such as image ads, display ads, etc.
- Basic Platform Fees: For basic content, fantasy sports are mostly free of cost. But in case the user is looking for a premium contest then they need to pay for premium contest fees.
- Partnership: Partnering with different professional businesses and providing them access to sell their products using your fantasy app. This is the best way to generate a source of income via a fantasy app. These partnerships can help to create an acceptable income and increase the overall value of your business.
Why Invest in Fantasy Sports Business?
As an entrepreneur or a startup, developing a business with fantasy sports app development is one of the best ways to have a profitable venture. Following are some of the reasons why one must invest in developing fantasy sports apps.
Increase in Demand: There are millions of users and sports enthusiasts who are looking for a new fantasy sports app. Hence it is gaining more popularity and attracting more users as well. Hence in turn there is an increase in demand for fantasy sports apps.
Revenue Generation Opportunity: Developing a fantasy sports app can open the doors of opportunity for revenue generation. One can create revenue by premium features, offering different subscription plans, advertisements & offering sponsorships as well.
Gain Competitive Advantage: To gain a competitive advantage, your fantasy app must have unique features and functionality. Some of the unique features can include user profiles, player details, real-time data, live ratings, etc.
Increase in User Engagement: A well-designed fantasy app with advanced features can attract more users to the application. This helps to increase the user’s participation in the content and also explore other app services. In turn, it increases the brand reputation and makes your app stand at its peak in the competitive market.
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Conclusion
Develop your fantasy sports app, and have a successful fantasy sports business. This blog shows how to develop your fantasy sports business and have a successful business in 2025. The future of fantasy sports apps is more demanding and is going to be high.
Developing a fantasy sports app needs good planning, legal requirements to be fulfilled, and most importantly strategic planning. Leveraging all these requirements, a fantasy game app development company can turn your fantasy vision into a real sport. Whether you choose a fantasy app developer or choose to seek fantasy app development services, staying updated with the market trends will help to attract users and keep it more engaging.
Frequently Asked Questions
For a fantasy sports app, the legal requirements are based on the location. One needs to get the required licenses that ensure age restrictions, following data privacy like CCPA & GDPR. Include all the terms of service, and also maintain multiple jurisdiction.
Basically, to build a fantasy sports platform, it will start from around $50,000 and go up to $200,000 depending upon the complexity of the application . The cost is based on different factors like API integration, use of different payment gateway, and live data insights. Some of the advanced features like blockchain integrations, and AI integration can increase the cost of fantasy app development. After the development, there are ongoing costs that include server hosting, maintenance costs, and also.
Some of the essential features of the fantasy sports platform include leaderboards, user registrations, team building, live score updates, etc.
There are different monetization strategies for a fantasy sports business. Some of them include revenue based on subscriptions, in-app purchases, gaining competitive advantage & increased user engagement.
In order to protect user data, it is important to make the best use of secured coding practices & robust encryption. There should be a regular security audit to be demonstrated employing a reliable payment gateway. Prevent the app from vulnerabilities & also integrate automation testing & load balancing that will help to maintain the stability of your application.
