Football is one of the most beloved sports that attracts massive fans worldwide, and countries like the United Arab, Portugal, Thailand, and Chile hold top positions in its fan lists. Following it, the United States, India, and China have become the next big football markets.
Hence in such a dynamic and demanding environment, investing in fantasy football software development would be the best decision for any business and entrepreneurs. Fantasy sports mobile applications have already transformed the gaming industry to a great extent. And in such a revolutionary phase, a fantasy football software is like a cherry on the cake.
Market Overview of Fantasy Football
As per the market statistics currently, the fantasy football industry is worth $7 billion. Companies in America make significant profits as the average fantasy player spends USD556 in football leagues.
According to FSTA (Fantasy Sports Trade Association), in 2017, there were 59.3 million active players who played fantasy football, and all these active players are based out of America and Canada. Additionally, Europe is the prominent football market globally in terms of revenue and overall competition. According to Statista.com, in the football season 2018-19, Europe has an estimated USD 25.5 billion market size.
What benefits companies will get by investing in Fantasy Football Software Development?
Investing in Fantasy football software development will provide you with an opportunity to showcase your business globally. Today, sports enthusiasts prefer iGaming software; hence, the right investment will help your business reach a potential number of players worldwide.
Increase sales and conversions
Fantasy Sports App development is famous for offering entertainment and rewards in cash. The platform is highly successful in attracting sports enthusiasts like who want to lose the chance to win money while enjoying their favourite sports. It ultimately increases your sale and visitors into organic conversions.
Bring a potential amount of traffic to the website
The idea of making teams and winning real money is outstanding. It helps bring a tremendous amount of traffic to the website, increasing your business reach globally.
Earn massive income via Advertisements
By running ads on your fantasy football software, you can also make lucrative earnings. The classic banner advertising is one of the most prominent and influential ads for fantasy sports platforms. You can make revenues via Cost-Per-Click (CPC), Cost-Per-Sale (CPS), or Cost-Per-Mille (CPM).
Sponsorship opportunity with Big brands
With an excellent Fantasy football software, you can get a chance of making sponsorship deals with big market brands. The brands with a vast user-base will ultimately help you in marketing your product. The sponsored brand can help your business with stats, visuals, contents, and other essential aspects. Moreover, by supporting the fantasy games, these brands can also collaborate and become title sponsors. One of the significant examples is the “DraftKings” that has become the first-ever official daily fantasy partner of the biggest football league NFL.
Key features of the fantasy football software development
It is essential for any fantasy software/application success that users feel connected with that product, and that opinion comes only with excellent and advanced features.
Admin Dashboard- A robust admin dashboard is essential to handle the platform’s complete operational activities, including games, players, finance, users’ account, and many more.
Performance Token- This feature offers your users to get awarded with the tokens based on their performance. It is like an appreciation reward that helps in motivating players to play more and well.
User Dashboard- With this dashboard, users can see the match schedules, scorings, and other important updates about ongoing Football leagues.
Game types- This feature allows users to explore various game types, including pick’ ems, predictors, betting style, stock market games, etc.
Leaderboard- Leaderboard displays the match results and names of the leading players from multiple football leagues. It helps users in evaluating the prominent players to pick in their next teams.
Referral Bonuses- Whenever any current user refers to your fantasy football software to others, they get referral bonuses as the award. It enhances their engagement towards the platform and helps in WOM marketing.
Multiple Payment Options- Allow your users to make secure payments via various options, including net banking, debit card, credit card, and others. To increase platform engagement, you can also include advanced payment options, such as Bitcoin, Ether, and many more.
Custom Advertisements Modules- For additional revenue streams, integrate custom ad-modules in your fantasy football software.
The other primary features to be included in Fantasy football software
- User Profile
- Player Info
- Join Leagues
- Create leagues
- Selecting Team
- News & Updates
- Team Management
- Reward Points
- e-Wallet Integration
- Push Notifications
- Real-time Analytics
- User Management
- Rewards Management
- Leagues Management
- Content Management System
- Customer Relationship Management
On-demand features businesses can add for a profound fantasy football software
- AI-based Algorithm
- Blockchain Integration
- AR for a fantastic gaming experience
- Integration of AI for accurate predictive analysis
The cost required for Fantasy Football Software Development
Undeniably, Fantasy Football software and application has become the most successive business model, and the cost required for such fantasy software development depends upon the following factors-
- App platforms (including Android, iOS, Web, Wearable Devices)
- App size and complexity
- UI/UX Development.
- Features (basic and advanced)
- Front and back end development
- Third-party API Integration.
- Number of operational hours
- App development company (including size and location)
Based on the above factors, if we evaluate the Fantasy Football software’s average cost, it costs around USD 35,000 to USD 50,000. Furthermore, the prices vary according to the features you want to add.
The increasing demand for fantasy sports app development solutions opens the door of opportunities for businesses and entrepreneurs interested in the gaming industry. Investing in Fantasy Football Software Development turns out to be a profitable decision for your business. So, hurry up! Start your fantasy sports app development project today, and take your business to new extraordinary heights.