Have you seen the FanDuel fantasy sports app and how amazing it is for bettors to install and use? Well, you can always develop fantasy sports apps like DraftKings. Good news right? Oh yes!
This article equips readers with the knowledge and insights needed to master the craft of fantasy sports app development. Whether you’re a tech enthusiast, entrepreneur, or simply curious about the industry, this guide offers valuable information and practical guidance.
Fantasy Sports App Market
The global fantasy sports market size is greatly benefiting from the global mobile app development and adoption of smart devices. As these new technologies expand their user base, so do fantasy sports platforms.
The evolution of the internet, mobile apps, and smart devices is positively impacting the online gaming business. These are new and modern technologies, giving room for efficiency, easy access and increased user satisfaction.
As a consequence, the fantasy sports sector is witnessing an unprecedented increase in revenue generation, traffic and adoption. According to Straight Research, in 2023, the global fantasy sports market size reached a “value of about USD 28.23 billion.” This milestone has increased in 2024 and by 2032, it is expected to hit “USD 92.52 billion in 2032”, with a growing CAGR of 14.1% over.
What is the Fantasy Sports betting App?
According to the Fantasy Sports and Gaming Association, “Fantasy sports leagues are games of skill” The Managers/Players take advantage of various “statistics, facts and game theory to be competitive”.
Fantasy sports betting is different from sports betting. In sports betting, players must use money to stake after choosing from betting markets. But in fantasy sports betting apps, players choose real players and win from their actual performances.
Who Are the Key Players in the Fantasy Sports Betting Market?
Here are the key players in the fantasy sports betting industry;
- CBS Interactive
- FantasyPros
- Dream Sports
- DraftKings Inc.
- Rotowire
- Quadronica srl
- Fantrax
- Flutter Entertainment plc
- NBC Sports Edge
- Yahoo Fantasy Sports LLC
- MyTeam11
- Draft Fantasy
- Sportech Inc.
- NFL Fantasy
- Dream11
Researching User Needs/Preferences to Develop Fantasy Sports Apps Like DraftKings
Creating the best fantasy sports betting app like DraftKings requires a lot of quality research, especially about your ideal users. You need to know their needs, requirements and preferences.
Here are the steps to take here;
Conducting market research on how to create an online casino app like DraftKings
In other to unravel the important details, insights and everything about your ideal users, invest in quality research. For best results, consider hiring mobile app development companies to handle this.
Let expert sports app development companies take care of this stage for you. you may also get some free consultation on betting app development solutions from Prometteur to kick-start this journey.
During your research, focus on the ideal audience and on identifying their pain points, requirements and preferences.
Identifying user pain points and preferences
While trying to identify the user requirements for fantasy sports betting apps, you need to be very strategic in your approaches.
Visit sites with sports betting apps and fantasy app reviews from users. Reddit, SBR reviews, Sitejabber, and Trust Pilot, indeed are some reliable review sites to look at.
You can also visit popular social media platforms where there are active fantasy sports betting audiences to get their takes. Perhaps, start a conversation around your top questions and see their responses.
For the best results in getting insights from social media sports fantasy audiences, partner with influencers. Let the influencers ask your questions to their users and then you can monitor and collect user responses.
Understanding user engagement and retention factors
From your interaction with the ideal or target audiences on different platforms, you should be able to collect a lot of data.
Filter the data and bring out everything that relates to factors that increase user engagement and high retention in fantasy sports apps.
As experts in the sports betting app development industry, some of the most effective factors for this include; slick and user-friendly user interface, apps with good loading speed, great compatibility, glitch-free apps, good fonts and colours, etc.
Key Features to Develop Fantasy Sports Apps Like DraftKings
During our research on how to create an online Casino app like DraftKings, we found some important features to incorporate;
User registration and profile management
Have a user registration page to onboard new users and collect vital details. The details should form part of the KYC process. After the sign-up process, users should complete the KYC process to access the full access to other features and functionalities.
Once users can sign up on the fantasy app, they will gain access to the user dashboard where they manage their profiles.
Fantasy Sports League creation and management
Another important feature to include when developing a fantasy sports mobile app like FanDuel is the market options. FanDuel has several market options that users can choose from. Including different sports leagues and player management.
The most common fantasy sports market segmentations on FanDuel are;
- Football
- Baseball
- Basket Ball
- Hockey
- Cricket and Others
Realtime scoring and live updates
Aside from integrating different markets into the fantasy sports app, it is also important to consider real-time updates.
This includes scoring and offering live updates on unfolding events. In other words, players should be able to follow up on live events.
This adds to the fun and excitement of the game. It also increases levels of engagement at all times.
Player statistics and performance tracking
Fantasy sports betting enables users to choose available options on real-life sporting events but it also offers other tools.
Tools like player stats and performance tracking help in analysing data and making informed decisions.
Player stats and performance tracking play crucial roles in real-time and live plays. For best results, work with expert fantasy app development companies.
In-app messaging and social features
Ensure to enable your fantasy sports app for users to send in-app messages and easily connect to social media platforms.
This feature is very important as it supports in-app engagements, and discussions and helps in building a strong community.
Sharing invite links via social features may also help in growing the audience and spreading the word about the fantasy app to new users.
Utilise Technologies and Tools to Develop Fantasy Sports Apps Like DraftKings
You cannot create an app without utilising technologies and tools. And as a matter of fact, the development stage is a must-have moment, unless you are considering white-label fantasy sports betting apps.
Here are some key technologies and tools to consider as you develop the best daily fantasy sports apps;
Frontend development technologies
You will have to utilise front-end development technologies for fantasy app development. These technologies are used to build the user end of the app. In other words, all the elements and features that users see and interact with are in the front end.
The best frontend development technologies to create an online casino app like DraftKings include; HTML, CSS, JavaScript, UI/UX designs and others. Your developers should prioritize React Native for cross-platform development, paired with Redux for state management and GraphQL for efficient data handling.
This tech stack enables building responsive, native-feeling apps for both iOS and Android, crucial for real-time sports betting.
Incorporating WebSockets for live updates and robust security measures is essential, as is a polished UI using libraries like Material-UI or Tailwind CSS to match the quality of top fantasy sports
Backend development technologies
After building the front-end part of the app, the next is the backend. This is very crucial, especially in establishing excellent communication with the front-end and delivery user requirements.
Therefore, for the backend of an online casino app like DraftKings, a robust and scalable architecture is crucial. Python, C+, PHP, and Node.js with Express.js are very popular choices for backend development. This is because they offer high performance for real-time data processing.
Let your developers pair this with a reliable database like PostgreSQL for structured data and Redis for caching and session management. Implementing WebSockets via Socket.io enables live updates for odds and scores.
For security, integrate OAuth 2.0 for authentication and use HTTPS with TLS for encrypted data transmission.
Database management systems
There are a lot of options available here. But the best daily fantasy sports apps utilise systems like;
- PostgreSQL
- MongoDB
- Redis
- Amazon DynamoDB
- MySQL
You can also explore others, especially when recommended by your developers.
Please always prioritise security and consider this in every choice that you make. This goes from the choice of developers to the tools and technologies to utilise in building fantasy apps.
Security and compliance considerations
Security is important because it can make or break the business. it can tighten up user trust and loosen it.
It can also land the sportsbook into some serious troubles with the law which will lead to heavy fines and even more damaging punishments for bridges and privacy issues.
- Data Protection
- User Authentication
- Regulatory Compliance
- Financial Security
- KYC and Age Verification Tools
- Responsible Gambling Practices
- Data Privacy tools
- Safe and Secure Third-Party Integrations
- Regular Audit and Logging
- Geolocation Compliance with legal laws
Consider the Monetization Strategies to Develop Fantasy Sports Apps Like DraftKings
One great stunt or should we magic that fantasy betting apps do is to convert passive spectators to active players.
This is captivating the mind, attention and the competitive sides of humans.
A lot of people are trooping into having great experiences that fantasy sports offer. What does this create? Of course, a lot of opportunities to make profits.
Some top monetisation strategies for fantasy sports app development include;
Subscription-based models
You can program or build your fantasy sports app to offer premium packages for some fees.
For example, premium users can enjoy packages like advanced features, player stats, automation and data analytics, and projections.
The benefits of premium subscriptions can be customisation and exclusive content from fantasy sports experts.
In-app advertising and sponsorships
With a lot of users and the daily influx index reaching a time high this year, in-app advertising plays a crucial role in monetisation.
You can have strategic ads placed in the game’s banner, on the play, by the side of the screen or on different transitions.
If your fantasy app becomes very popular, you can even strike some deals with real teams to do some adverts for them in the app. This can fetch you a lot of money.
In-app Purchases
If you enable this, users can purchase different but helpful add-ons and some interesting virtual items to boost performances. There can also be an in-app purchase whereby the player is allowed to make some crucial changes. Like when players get injured.
What Does it Cost to Develop Fantasy Sports Apps Like DraftKings?
Good things do not come cheap. And even when they appear cheap, do not compromise on the security and quality of your fantasy app development.
There are lots of factors influencing the cost of sports betting app development. The most common anyway are the features, the functionalities, the testing requirements, the needed tools, the developers and development company and many others.
The cost cost to develop a fantasy sports mobile app like DraftKings can cost between $10,000 TO $200,000, depending the mobile app complexity.
Need to cut some cost? Let’s discuss on the best solutions with you now.
