Your Ultimate Guide to Develop a Multi-Sports Fantasy App

The global fantasy app market is gaining huge traction with a staggering figure of 28.4 billion Dollars by 2024. The fantasy app is entering the upward trajectory path with a CAGR of 11.8% when compared to last year. Due to the rising popularity of Fantasy sports, many investors are eyeing on putting their chips on this popular gaming platform.

With the use of fantasy sports apps like Football, basketball, cricket and hockey apps. Did you know the total number of fantasy apps downloads are 9 million and the figures are rising at an exponential rate. The fantasy sports app development has opened up new avenues of possibilities for both, the rising number of sports enthusiasts and curious investors that want to develop one.

Developing fantasy sports is a complex process but with the right fantasy app development company, the process is undeniably rewarding. The one with a better Roi potential! This blogpost will be a comprehensive guide on the steps to build a multi-sports fantasy app with some real-world examples. What are we waiting for? Let's dive deep.

What is a Fantasy Sports app?

Fantasy applications leverage the raging technologies like Artificial intelligence, which connect the real- world players termed as professional athletes with the digital world sports enthusiasts in the modern playground.

It allows the participants to create a Fantasy Team of players and be a part of the seasonal tournaments. The participant can choose a Fantasy Team Of their own and the performance will be based on the performance of real-world players in the tournaments and series of matches. The fantasy sports application enables users to put their chips on their high-performing favorite players and cash out their online score. This creates a highly engaging and interactive experience for them.

However, with multi-sports fantasy apps users can learn about the sports that they aren’t well versed with. Using the multi-sports platform, the users can leverage real-world professional players of multiple teams to form their Fantasy team online.

The two major factors that make it a huge success is the involvement of popular real-world athletes and live streaming and dynamic scores. Due to the unique plot involving real-world player performances, this platform has witnessed a meteoric rise of its fanbase.

Before taking a look at the topic, let's scratch it from the surface level so that you get a brief overview of how the FS apps work actually. The fantasy apps incorporate essential features that make the gaming experience rich and immersive for the participants. However, it is essential to know whether it is a fantasy app or a multi-sport platform for the same. The core mechanism behind this remains the same as other fantasy sports apps.

Overview of Fantasy App Market with updated Statistics - 2024

There’s no denying that the fantasy app market is going to see an updated trajectory curve in the coming years. This statement is backed by significant and accurate numbers from credible sources and a graph that displays the growing potential of the fantasy app market.

The evaluated market size value is estimated to reach 787.19.7 Million dollars by the end of 2032. This was way higher than the statistics that were created in the year 2022.

The overall CAGR rate is likely to grow by 14.1% CAGR rate in the coming years.

According to a credible source, ESPN fantasy sport apps saw a significant number of nearly 60,000 downloads with a generated revenue of 30,000 USD in the year 2020.

Key features of Fantasy apps

The core features both from user centric and admin-centric perspective is the recipe for a highly robust and engaging fantasy app. Let’s explore the key features

• User-centric app features

• User Registration and profile setup

Before participating in any tournaments it is important to provide necessary information like your updated address, email ID, your favorite sports etc. Some apps also collect social media information for convenience purposes.

By setting up your profile with the login credentials, users can create their individual profiles with the access to view the Dashboard and latest insights on the apps by registering their profile users can participate in any tournament.

Fantasy Team building for multiple sports

Once the user has registered they can create their Fantasy Team. However, there are terms and conditions attached with it. Apps can also provide valuable analytics of player’s performance in the last few seasonal tournaments.

User Dashboards

User dashboards allow the end users to view the performance and updates about the players of their fantasy teams. Users can view the latest industry insights, tournament updates and the list of the upcoming scheduled events. This allows the users to plan the investments and create strategic moves. Thus leads to smarter decision making.

Draft tools

Apps also assists users to draft their teams, evaluate player performance and create drafts and cheat code for players. They can create player lineups, create fantasy teams and manage them accordingly.

Pop-up Notifications

Pop-up notifications are added as a UX feature for participants, so they can learn about the upgraded player statistics, player injuries and contest alerts. Such events keep users informed about the fantasy app market.

Live score updates

These core features help players learn about the latest news on Tournaments The real-life insights allow participants to make informed and smarter investment-driven decisions.

Additional exclusive features for a premium subscription

To cater to the ever-evolving user dynamics, apps can deliver additional exclusive features like advanced data analytics and expert advice that can unlock investment opportunities for a better Roi.

Digital wallet for Seamless payments

The digital wallet feature allows users to maintain a database of virtual or real-money. It allows the users to make significant investments, encash them and transfer the funds in a seamless and secure manner.

Admin-centric features

Fantasy Team management

The admin panel manages the different fantasy teams with the overall performance updates. It helps the admin learn about the top performing fantasy teams.

Contest management

This helps the admin to manage multiple contests and tournaments occurring simultaneously. The admin can get the latest updates about the score of the actual games.

Player statistics

With every tournament the player statistics keep changing It becomes imperative to keep a tab on the dynamic performance, team rosters, player injuries etc.

Content management on apps

Whether it is an updated news article or a player score, admins are authorized to update content on the gaming apps. Whenever there is an update on the dashboard the admin can broadcast it.

Live reports and analytics

This is one of the essential features of admin dashboards. It updates the d\admin panel about the Live score and updates of player performance in real-time. Based on the data analytics, it creates detailed data visualization reports.

Scoring system

The scoring updates are displayed on the admin dashboard. This allows the admin to get updated with the changes. The admin has the authorized access to update the relevant information like score updates to inform the participants with the most recent insights.

Financial transaction management

The admin manager can create a salary cap so participants can build their own fantasy team. More so like Setting a value proposition of real-life players based on their real-life performance. The greater performance of the player the more

Admins can manage the salary caps for different player positions to budget the different fantasy teams. More so like budget allocation for participants. The admins also manage the seamless transaction management with the access to transactions records of the users.

Compliance and security

The admin ensures the user’s data is highly safe and is adhering to all the guidelines and protocols mentioned for compliance. The Admin can safeguard the user data by managing the user's privacy and security settings.

Support and Helpdesk

Responding to user queries instantly improves the overall experiences of the end-users. Whether it is any query related to the funds or a fantasy team building, the support desk has crucial features catering to the complex user-queries at its earliest.

Step by step comprehensive guide to build a lucrative multi-sports fantasy app

- Search for ideal target audience

Creating a digital product that serves your target audience is a sure shot way towards the success of an app. To achieve it, it becomes very important to learn about your ideal user-base and learn about their behavior, pain-areas and concerns.

- Extensive competitive analysis to identify the market gap

This is one of the most crucial steps in creating an engaging and satisfactory user experience. In this step, you analyze your competitor’s move and identify the gap in their digital product. This can create unique selling points for the ideal consumers. You also conduct a thorough analysis on the market trends.

- Build a development team

Once your app idea is ready, you can outsource or assemble a talented team of mobile app developers, Project manager, QA testing team, and UI.UX designers.

This is the main execution phase that needs skilled gaming app developers with a wide understanding of different game genres and an extended knowledge. A skilled team of developers will allow you to develop a high-end android iot iOS fantasy app. Get a free consultation for your unique app idea and leave the rest on our technical expertise.

- Define core app feature and key functionalities

The core features shape the app in a way that it can make or break the success of an app. The core features of user include user registration, Team creation and management, a Dashboard with the intricate user details. Including exclusive features like Advanced analytics and reports , expert advice may need users to unlock premium subscription -based models.

From an admin standpoint these features may include Dashboard to manage teams, Contests and transactions for their end-users. This must include all the details about the Upcoming tournaments, the LIVE updates, the upcoming seasons and the number of total participants per tournament.

With the admin reminder mail systems, the users receive updated insights about their custom fantasy teams and upcoming tournaments and events.

A Feature-rich app gaming app needs strategic planning and careful consideration. It largely depends on your budget. If you wish to build fantasy apps for multi-sports that might delight your users, then get a free technical consultation with our app development team.

- Intuitive and easy to comprehend interface

Gone are the days of manual 2D interfaces with a complicated user flow. This is the era of smart mechanisms and intuitive design. An intuitive design simplifies the user flow saving their time. For instance, providing a customized user Dashboard with a simplified user navigation flow.

- Backend development team

A robust backend is like the backbone of the entire gaming app. We say so because the backend development team with a strong expertise can have to define the core logic used in the functioning of the game. Backend frameworks like Node.js, java python, help define the backend infrastructure. The IT team assists in managing a humongous amount of data efficiently.

- Third-party integrations

Third party integrations play a major role in integrating exclusive features for its users, For instance, by accessing the geo-location of users, the admin can deliver live score updates for the players and his team. The third party API for live sports can be integrated to view real-time scoring and player dynamics. This allows the users to get accurate outcomes and make strategic moves. Third party integrations facilitate seamless payments using payment gateways like PayPal, Gpay, And Razor Pay ensures quick payments surpassing the traditional methods.

- Team management

Team building and management is the crucial aspect of the fantasy app as they highlight the USP of the fantasy apps. Team creation and management streamlines a user complex process into a simpler one. This allows the users to view the graph of the player dynamics and evaluate their performance and check on their availability.. Integrating it in the fantasy gaming apps makes the user experience highly satiating and engaging.

- Ensure compliance and security

This step allies the users to create digital wallets ensuring smooth transactions with timely withdrawals. This step ensures the financial transactions are aligned with the compliance protocols and guidelines. Also, this step provides data protections against any data breaches or fraud detection.

- Test And refine

This step is the most underestimated step in the entire process. It optimizes the app’s functionality, security and performance by collecting users’ feedback consistently. Hence the areas of improvement can be highlighted and worked upon. This step needs an expert QA team that can significantly improve the product quality significantly.

- Maintenance and updates

After releasing an MVP of your product, it becomes essential to analyze crucial factors like the user behavior, User engagement and its overall performance. By identifying the gaps, you can fix the bugs and develop new features that delight your user base.

This step allows us to regularly test the performance and fix bugs to unlock robust performance and stay ahead of the competitive edge.

Benefits of investing in Multi-Sports Fantasy App Development

Okay after learning about the development process, the next question is why should you invest in the multi-sports fantasy apps? Let’s give you 4 solid steps that will set the foundation for the same.

Wider pool of user baser

By putting your chips on a fantasy app you’re creating a pool of wonder fanbase as there are dedicated sports enthusiasts of multiple sport niches. This creates a platform where users with multiple interests communicate and create probabilities for large investments.

Less saturated market for multi-sports app

By evaluating the market, one thing is evident. The field of fantasy apps is constantly growing at an exponential rate with a few players. Apps like Fanduel and DraftKings are doing well but there is room for innovation. Hence, it is a great time to invest in developing a multi fantasy sports app.

Monetization potential

With the widely growing user-base worldwide, these platforms have become highly entertaining and engaging. As there is vastly expanding attention on these platforms, investors can earn a significant amount by in-app purchases and runny targeted advertisements on it.

Global appeal

Fantasy sports have a global target market making it a higher scalable and commercially viable platform. Investors from the entire global can invest in these platforms due to its entertaining and engaging quotient. This eventually increases the Roi potentiality rate of such apps.

How to monetize your fantasy apps?

Fantasy apps provide excellent opportunities to create multiple avenues of income. Some of the popular monetization strategies include

1. Entry charges - Apps can collect charges from the users who want to invest or register themselves as participants in the game. This includes entry fees, contest fees , competition level etc. This allows them to create additional revenues to the app owners. For instance, One of the popular apps known as DraftKings generate a majority of earning from this channel.
2. In-app purchases - The in-app purchases like purchase digital or virtual currency to add in their ewallet. Using digital currency, participants can customize their team, boost player performance or leverage it to invest in the fantasy teams.
3. Premium features - The participants can deliver premium subscriptions like advanced real-time analytics, data visualization tools and customized features to make informed data driven decisions. These premium can help participants to unlock new levels of competitive upgrades.
4. Targeted paid advertising - Running paid ads on app platforms creates an additional yet lucrative revenue model. It allows targeted ads run on the platform especially built for targeted audiences. Hence, brands can connect efficiently with their target user base by paid advertisements.
5. Subscription Model - Subscription based model allows users to unlock highly advanced features. By subscribing to the fantasy apps, viewers can get early access to the relevant content like trade analytics tools, predictive analytics etc. Subscription based models help users comprehend data which eventually helps them make data-driven decisions.

Robust tech-stack to build your fantasy app

To build a successful multi- sports fantasy app, incorporating cutting edge technologies can optimize the performance and security. Not only that it can create stellar experiences for all the app users. The tech-stack can make or break the performance of your fantasy app. To leverage our app, you need to partner with a reputed fantasy app development company that can ace your app development journey.

Some of the robust tech stacks used include

• Frontend development - HTML, CSS, JavaScript, Angular.js,

• Backend development - Python, Java,

• Third party integration - Payment gateway API like Razor pay, Gpay, Paytm, and geo location like

• Cloud platforms - Google cloud platforms, Microsoft azure

To Wrap Up

Witnessing the skyrocketing market of fantasy apps, and the number of rivals who are almost zilch. There’s no denying that it is an ideal time for sports investors to invest in developing a multi-sport fantasy app. The market opportunities and low competitive ratio is a compelling factor for all the investors out there.

In the above mentioned we have explored multiple facets of fantasy sports app development. This includes core features and a step by step guide that unveils different aspects and understands different aspects of fantasy app development. Always remember, collaboration is the key. To build a robust product you need to partner with the right fantasy app development company. Call us for a free consultation call and allow us to transform your idea into a fantasy app that delight users.