The overall ecosystem of the sports betting industry is rapidly evolving and becoming increasingly complex. As more people actively indulge in fantasy sports and wagering, the need for sports betting apps has grown exponentially.
FanDuel is one of the leading fantasy sports apps that have gained immense popularity in the past few years. It has also created a strong foothold for itself in the sports betting market.
FanDuel is a full-fledged fantasy sports and sports betting platform, and its app offers users a wide range of features. These include real-time score tracking, custom leagues, live in-game betting, and more. So whether you’re into cricket, football, or any other sport, you can find the odds and wager on upcoming matches on its app.
If you are also interested in developing similar fantasy sports betting apps and wondering how much the development services will cost you, this article is for you. This article will discuss the factors that affect the cost of developing sports betting apps like FanDuel. But before that, let’s dive into some essential features that your robust fantasy sports app must have.
Top Features To Have in Your Sports Betting App:
As there is no limit to what you can include in your sports betting app, here are the essential features required to make it user-friendly and popular:
1. Live Scores:
With the help of APIs and SDKs, you can integrate live scores from different sports leagues into your app. It will allow users to track real-time scores and monitor their bets. This feature will help your app users to stay up-to-date with all the sporting action.
2. Results Notifications And Upcoming Events:
The app should be able to notify users about the results of their bets and upcoming events related to sports betting. With this information, users can stay ahead of the curve and make better decisions in placing their bets.
3. Live Betting:
The app should be able to offer real-time betting options for users. It will allow them to place their bets on the ongoing matches and keep track of their wagers in real time. Many people prefer live betting because it is more exciting and fast-paced than regular sports betting.
4. Payment Gateways:
To make the app profitable, you should include seamless payment options. It will allow users to make deposits and withdraw their winnings easily and securely. The easier it is to use, the more people will be attracted to your app.
5. User And Game Management:
Your app should have a robust user and game management system to store users’ data securely. It will ensure that all the users’ personal information is not compromised. It’s crucial to store this data securely and allow users to control their private information.
Why Opt For Developing an App Like FanDuel?
Developing sports betting apps like FanDuel is a great way to get into the market and provide users with sophisticated features. It also ensures that your app will have high-level scalability and not suffer technical glitches.
According to reports, the entire fantasy sports betting market will reach USD 47,940 million by 2028. The market is ripe for investing in a fantasy sports app and gaining big profits.
Moreover, if an enterprise is looking for new revenue-driven projects, developing sports betting apps like FanDuel can be a perfect choice. It is because it not only attracts a massive high-paying user base but also enables you to tap into the big market of sports betting and fantasy sports.
Now that you have an idea about the features of a sports betting app, let’s move on to the cost of getting custom sports betting app development solutions.
Cost to Develop Sports Betting App Like FanDuel
The cost of developing a sports betting app like FanDuel depends on multiple factors and may vary from one project to another. The cost to create an app like FanDuel can range from $10,000 to $35,000. Although it depends on multiple factors you can control and some that you can’t.
Let’s break the price into various factors that can affect it:
1. App Design & Development:
This is the most significant chunk of your budget and will take up to 50% of the total cost. The app design and development cost are usually calculated based on the complexity of features you are looking for in your sports betting app, the type of platform (Android or iOS), the size of your team, and the hours dedicated to development. Moreover, It will increase the price considerably if you want to develop an app for both Android and iOS.
2. Technology Stack And Backend:
Sports betting apps are more complex from the backend than they look from the front. It is why you need a robust backend and infrastructure to support the app. The technology stack and backend costs can range from $15,000 to $45,000, depending on the features you want in the app.
Based on your decided technology stacks, API integration, and third-party services, the cost for backend development can vary widely. Moreover, depending on these technological add-ons, you need to hire sports betting game app developers. These developers can cost anywhere from $25 to $200 per hour.
3. The Number of Features You Want:
The cost of developing a sports betting app like FanDuel can also be affected by the number of features you want in your app. Therefore, it’s critical to understand your user requirements and make sure that the app is only developed with features that are absolutely necessary.
Adding excessive features will increase the development cost and make it difficult for users to use the app. Therefore, it’s important only to include features that add value and enhance user experience.
4. Native or Hybrid:
It is another factor affecting the cost of custom sports betting app development solutions. While native apps are more expensive, they provide users with a more seamless experience. However, hybrid apps are cheaper and can be used for Android and iOS devices.
The cost to develop sports betting apps like FanDuel can also be affected by the third-party services you choose. You can either opt for paid services or use open-source services. Researching and selecting the best options that suit your budget and requirements is essential.
Hiring The Right Sports Betting App Development Company:
Hiring the right company to develop a sports betting app is essential, as it will ensure that the project is completed on time and within budget. When looking for a development company, look for one with years of experience developing such apps.
Selecting a company that understands and can deliver the features you need is more important than getting the best price. Avoid considering the price as the first factor while deciding on the right company, as it can often lead to a substandard product.
The company must understand the exact features you need and can provide a solution that is tailored to your needs. It will ensure that the app meets all your requirements while staying within the budget.
Why Hire Auxano Global Services?
Auxano Global Services is the best game app development company, offering custom solutions to create sports betting apps that meet all your requirements. We have a highly experienced team of developers who can understand, develop and deliver projects within the given time frame and budget.
We understand the importance of user experience and ensure that all sports betting apps we develop are tailored to the exact needs of our clients. Our team is also well-versed in various technologies and third-party services, ensuring that no stone remains unturned while developing the perfect app.
At Auxano Global Services, we understand that building a sports betting app is sophisticated. That’s why we strive to provide a comprehensive solution at an affordable cost. So, if you want to develop a sports betting app like FanDuel, connect with us today and let our experienced team of developers help you build the perfect app.
The cost to develop sports betting apps like FanDuel can vary greatly, depending on the features you want, the technology stack, etc. Choosing the right sports betting app development services provider is also essential, as it will ensure that the app is delivered on time and within budget.
Once you have all the factors, you can expect a high-quality app that meets your exact requirements. After you make the app live, you unlock several monetization avenues and start making profits from the app. As the fantasy app ecosystem is overgrowing, now is the ideal time to enter this market.
Frequently Asked Questions
1. What Exactly Is FanDuel, and Why is it so Popular?
FanDuel is a fantasy sport and sports betting app which allows users to bet on various sporting events. It’s one of the most popular apps because it offers exciting features like live scoring and real-time betting.
2. How Much Does it Cost to Develop a Sports Betting App Like FanDuel?
The cost to develop sports betting apps like FanDuel can vary greatly, depending on the features you want, the technology stack, etc. Generally, the cost of such an app can range from $10,000 to $50,000.
3. How Long Does it Take to Develop a Sports Betting App?
It usually takes 4 to 6 months to develop a sports betting app from scratch, but the timeline can vary depending on the features and complexity of the app.
4. What Are The Benefits of Developing Sports Betting Apps Like FanDuel?
Developing sports betting apps like FanDuel can be beneficial in several ways. Firstly, it can open up various monetization avenues and provide a steady source of revenue to app owners. Secondly, such apps can create a great user experience and attract more users. Lastly, it can help app owners to stay ahead in the fantasy sports market.
5. What’s The Best Way to Monetize Sports Betting Apps?
The best way to monetize sports betting apps is to offer various features such as subscription-based services, in-app purchases, advertising, and more. App owners can also provide referral programs to attract more users and monetize their apps.