The trend of online fantasy eSports mobile apps is growing rapidly. People are increasingly turning to the convenience of mobile fantasy sports apps as they strive to stay competitive in their favorite leagues and tournaments. It’s the right time to develop and launch a fantasy multi-sports app to tap the increasing demand.
If you’re an entrepreneur, an enterprise, or a sports enthusiast interested in creating your own fantasy sports mobile app, this article will introduce you to the features and development costs of such an app. Before we jump to the features and costing aspects, let’s look at some statistics.
Fantasy Sports Statistics
1. According to reports, the worldwide fantasy sports market size was around $24 billion in 2021, and it will cross the mark of $78 billion by the end of 2030. This exciting domain is growing at a CAGR of approximately 14% from 2022 to 2030.
2. Around 89% of the players use the fantasy game mobile app at least once a month and spend a minimum of 42 minutes a day playing their favorite sports.
3. The average age of players using fantasy sports apps in India and worldwide is between 25 and 40, making it ideal for companies to implement multiple monetization strategies.
These statistics prove that building a custom fantasy sports application can be highly profitable for organizations. Let’s explore how these fantasy multi-sports apps work.
How Does A Fantasy App Work?
Before you jump into eSports app development, it’s crucial to first understand how fantasy apps work. A fantasy app is a game in which users select real-life players from different teams to form their virtual team. The performance and stats of the user’s chosen players are then tracked and compared with that of other players’ teams, giving an overall ranking.
The fantasy app generates an algorithm based on the stats of real-life players and their respective teams. This algorithm is then applied to generate points for each user’s team. Points are awarded depending on each player’s performance, such as goals scored or assists made, in a certain match.
A leaderboard is generated at the end of each round, ranking users according to their teams’ total points. Users are also rewarded with in-game rewards such as coins, cash, or other virtual items for finishing in the top positions on the leaderboard.
Fantasy apps offer users a unique way of experiencing eSports and following their favorite players. The development of these apps requires an intricate understanding of game stats and data analytics, which makes them popular among developers.
Compared to traditional betting fantasy apps are considered to be a safer option as users cannot directly place money on their teams. It’s why the popularity of fantasy apps has grown in recent years, with more developers seeking to enter this market. Now, let’s look at some robust benefits of building a bespoke fantasy multi-sports app.
Benefits Of Developing A Fantasy Multi-Sports App
1. Less Competition Among Enterprises
With the development of a fantasy multi-sports app, enterprises will have less competition because the app allows users to enjoy multiple sports and play them simultaneously. As of 2023, there are only a few enterprises in the market that provide a Fantasy multi-sports app. This gives the enterprises that develop such an app the advantage of having less competition when compared to those that offer just one or two sports.
2. High User Engagement
A fantasy multi-sports app offers users the opportunity to play multiple sports and engage with them simultaneously. Users can try their hand at a variety of sports without having to switch between multiple apps, which increases user engagement significantly. This also allows the app developers to capitalize on the user’s interest in several different sports, thus increasing the chances of generating more revenue from the same users.
3. Enhanced Customer Loyalty
The development of a fantasy multi-sports app also leads to enhanced customer loyalty. Users tend to stick with a particular app if they find the experience enjoyable and engaging. With multiple sports available, users are likely to keep using the fantasy multi-sports app instead of switching between various apps. This creates a strong sense of loyalty among users who will continue playing the same app and provide the developers with a consistent source of revenue.
4. Increased Revenues
The development of an eSports tournament app will also result in increased revenues for the developers. Since users will be able to play multiple sports simultaneously, there is a greater chance that they will spend more money on in-app purchases or subscriptions. This increases the chances of generating higher and more consistent revenue from the same users, which can help companies expand their customer base as well as increase profits.
5. Increased Visibility
The development of a fantasy multi-sports app also increases the visibility of an enterprise. With multiple sports available, users will be more likely to look for the app and recommend it to their friends. This helps increase the number of people who are aware of the brand, leading to higher customer engagement as well as creating a larger user base. This in turn, leads to increased visibility for the enterprise and greater brand recognition in the market.
6. Competitive Edge
Having a bespoke fantasy multi-sports app gives an enterprise a competitive edge over other competitors. With multiple sports available on the same platform, users have more choices and can tailor their gaming experience according to their own preferences. This allows for increased user engagement and retention as well as provides developers with an advantage when it comes to marketing their products and services.
7. It’s An Emerging Market
The fantasy multi-sports market is still relatively new and thus presents a great opportunity for developers. With the right strategy, companies can tap into this emerging market and leverage its potential to drive revenue growth. This also allows them to develop innovative solutions that users will love and help them stay ahead of their competition.
Overall, developing a fantasy multi-sports app provides a number of benefits for enterprises. If you’re also planning to develop one, then first check out some must-have features for your custom multi-sports fantasy app.
Must-Have Features For Your Custom Fantasy Multi-Sports App
Before hiring professional fantasy sports app developers, it is important to consider all the features needed for a successful and engaging app.
Below are some of the must-have features to consider when building a custom fantasy multi-sports app.
1. Easy Registration And Login
Easy registration and login with social media integrations are key features for any fantasy sports app. It is important to ensure that users can quickly and securely sign up and access their app accounts. It is also important to include features such as two-factor authentication or biometric login for added security. Adding the convenience of social media login can also help reduce registration time for users.
2. Real-time Contest Updates
Real-time updates of all contests, results, and standings are essential to keep users engaged in your fantasy sports app. This includes the ability to check live scores, stats, and leaderboards, as well as join new contests on the go. Your app should also feature custom notifications for users so they can stay up-to-date with the latest contest results.
3. Fantasy Research Tools
Including fantasy research tools can help users find the best players to include in their teams and make informed decisions about their picks. These tools should provide access to detailed statistics, team comparisons, player projections, historical data, and more. It is also important to ensure that these tools are mobile-friendly so users can access them on the go.
4. User Management Dashboard
A user management dashboard is essential for managing your fantasy sports app. This includes features such as user profiles, access control, team management, and more. Having this feature on your app can help you better manage users and their teams, as well as create custom tournaments and leagues for them to join.
5. Contest Management
Contest management features are essential for any fantasy sports app. This includes the ability to create custom contests and leagues, as well as view and manage standings, results, and stats. It is also important to have a feature that allows users to join or create private tournaments or invite friends to play.
6. View Earnings
Having a feature that allows users to view their earnings is essential for any fantasy sports app. This should include tracking winnings, progress, and points earned from each contest or league. It should also provide an easy way for users to withdraw their winnings securely. The earning feature should be seamless to use because it will be one of the most used features in your app.
7. Chat Support
Adding chat support is a must-have feature for any fantasy sports app. This should include a feature that allows users to message each other, as well as a support center for questions and inquiries. Live chat support can help you provide better service to your customers and ensure that their needs are met quickly and efficiently.
These must-have features for your custom fantasy multi-sports app will ensure user engagement, help you better manage users and teams, and provide a secure platform for tournaments and leagues. Now, let’s explore how much a fantasy multi-sports app costs to develop.
How Much Does It Cost To Build A Fantasy Multi-Sports App?
The cost to develop a fantasy sports app varies greatly depending on the features, functionality, and complexity of the app. Generally speaking, the cost to develop an MVP of a multi-sports fantasy app will cost anywhere between $35,000 to $80,000.
On the other hand, to develop a full-fledged custom app, the cost will range between $80,000 to $200,000. However, it depends on the complexity and features of the app, as well as the platform, design, development team location, etc. Let’s understand the different factors that influence the overall development cost.
Factors Affecting The Cost Of Developing A Fantasy Multi-Sports App
Below are some of the important factors that influence the cost to develop an eSports & gaming tournament app so that you can make an informed decision.
The Complexity Of Features
Depending on the features you want to include in your app, the development cost will vary. If you want a basic MVP with limited features, it will cost you less compared to a full-fledged app with multiple features and functionalities. Moreover, adding features like gaming tournaments, integrating with payment gateways and social media platforms, etc., will also add to the cost.
The development platform also affects the development cost. For example, if you choose to go with native app development, then the cost will be higher compared to hybrid app development. Because if you choose native, then you need to build two separate apps for iOS and Android. However, if you opt for hybrid development, a single codebase can be used to develop apps for multiple platforms.
The cost of designing an app also affects the overall development cost. The more sophisticated and eye-catching your app is, the higher the cost will be. Moreover, if you want to add features like live streaming, etc., then it will also add to the cost. In addition, the cost to develop a UI/UX design for the app also depends on the complexity of the features.
Size Of The Development Team
The size of the development team also affects the cost of developing a fantasy multi-sports app. Based on your requirements, you can either choose to work with a small development team or a large one. For example, if you are looking to develop an MVP with limited features, then a small team of 2-3 developers may be enough. However, for a full-fledged complex app, you will need a larger team of 5-10 developers.
Location Of Developers
The location of the development team also affects the cost of developing a fantasy multi-sports app. If you choose to work with an offshore development company, then the cost may be lower compared to working with a local development team. This is because offshore teams generally charge lower rates due to the difference in the cost of living.
Scalability And Maintenance
The scalability and maintenance of the app also affect the development cost. If you want to add features or make changes to the existing app, then the cost of development will go up. Moreover, if you want to scale up your app in order to support more users, then this will also add to the costs. Additionally, you will also need to budget for ongoing maintenance of the app, including updates and bug fixes.
On an average, it takes around 4-6 months to develop a fantasy multi-sports app and the cost of development can range anywhere between $35,000 to $200,000. After discussing the cost factors, let’s look at multiple ways to generate revenue from your custom fantasy app.
Monetization Strategies For Your Fantasy Multi-Sports Mobile App
You can capitalize on professional eSports tournament app development services to implement multiple monetization strategies for your fantasy multi-sports mobile app; ere are some of the top strategies to consider:
It’s among the most lucrative and popular monetization strategies for mobile apps. You can use this strategy to offer premium features or content within your app that users can purchase, such as special sports updates, enhanced features, and other extras. There are several users that prefer to pay for in-app purchases rather than spending time earning items or playing. Moreover, this strategy is quite easy to set up as well.
You can also consider a subscription model for your fantasy multi-sports mobile app. This strategy is best suited if you plan to offer continuously updated content. Users will be charged on a regular basis for access to content and features, making it easier for you to generate recurring revenue from your app. You can also offer different subscription levels with varying prices to meet the needs of various types of users.
You can monetize your fantasy multi-sports mobile app by displaying ads. This strategy works well when you have a large user base as it can generate significant income from advertisers. Additionally, it can also help you build a strong user base, as users will be drawn to the app because of the ads. Furthermore, you can use services such as Google AdMob to serve relevant ads in your app.
You can also consider sponsorship as a monetization strategy. You can partner with brands or organizations that are related to the sports industry, such as teams, leagues, or stadiums. Partnerships with these entities can provide you with access to exclusive content, features, and promotional opportunities. Additionally, you can use this strategy to generate additional income from sponsorships.
These are some of the top monetization strategies to consider when developing a fantasy multi-sports mobile app. By implementing these strategies, you can generate a steady stream of income and ensure sustainable growth for your app. With the right strategies in place, you will be able to maximize the returns from your app and boost user engagement.
Furthermore, you can use A/B testing to ensure that the monetization strategies you have implemented are successful and generate the best results. By experimenting with different strategies and testing them, you can identify which ones are most effective for your app.
Doing so will enable you to optimize your monetization strategies and ensure maximum returns on investment. You need to hire a professional fantasy app development company like Auxano Global Services to ensure that your monetization strategies are implemented correctly.
Why Hire Auxano Global Services For Fantasy Multi-Sports App Development?
AGS is a leading eSports tournament service provider covering leading technologies and platforms. Our team of experienced developers will help you design a fully customized fantasy multi-sports app that meets your needs and requirements.
With years of experience in mobile app development, we will develop an intuitive and engaging app that meets the highest standards. We use cutting-edge technologies and advanced tools to ensure that your app is secure and scalable. Additionally, we provide comprehensive maintenance and support services to ensure that your app functions optimally.
We also help businesses with the monetization of their apps by providing end-to-end services. We use our experience and expertise to create a comprehensive strategy that is tailored to the needs of your business. Our team of experts will ensure that all monetization strategies are implemented correctly and generate maximum returns on investment.
Fantasy multi-sports apps offer an engaging and immersive experience for users. It is also a great way to generate revenue from your app. With the right strategies in place, you can maximize your returns and ensure sustainable growth for your business.
At Auxano Global Services, we provide comprehensive fantasy mobile app development services to help you create an engaging and intuitive experience for your users. Our experienced team of developers will provide end-to-end services to ensure that your app is secure, intuitive, and generates maximum returns. Contact us today for a free consultation!
In 2023 and beyond, the popularity of fantasy multi-sports apps will continue to grow and offer immense potential for businesses.
Frequently Asked Questions
1. What Is A Fantasy Multi-Sports App?
A fantasy multi-sports app is an online gaming platform that allows users to create virtual teams from a pool of real-life professional athletes. The users can then compete with each other in imaginary games and earn points based on the performance of their picks.
2. Who Can Benefit From A Fantasy Multi-Sports App?
Fantasy multi-sports apps offer immense potential for companies and businesses. By creating an immersive experience, these apps can attract more users and generate additional income from monetization strategies like advertising and more.
3. How Long Does It Take To Develop A Fantasy Multi-Sports App?
The development time for a fantasy multi-sports app depends on the scope and complexity of the project. However, on average, it takes 4 to 6 months to develop an app from scratch.
4. What Is The Cost Of Developing A Fantasy Multi-Sports App?
On average, the cost of developing a fantasy multi-sports app can range between $80,000 to $200,000. The exact cost will depend on factors like the size and complexity of the project.
5. What Are The Benefits Of Developing A Fantasy Multi-Sports App?
Fantasy multi-sports apps allow you to create an immersive experience for your users and increase engagement. Additionally, they provide an opportunity to generate significant revenue without any additional cost.