How To Develop A Fantasy App Like DraftKings?

Welcome to the realm of fantasy sports apps, where the excitement of real sports meets the thrill of strategic gameplay. If you’ve ever wondered about crafting an immersive fantasy app akin to DraftKings, you’re in the right place.

In this blog post, we’ll embark on a journey through the key steps to Develop A Fantasy App Like DraftKings and considerations that captivates users and brings their sporting fantasies to life.

From conceptualization to implementation, we’ll explore the essential features, technological nuances, and industry insights necessary to create a successful fantasy sports platform. So, buckle up as we delve into the intricate world of app development, unlocking the secrets to crafting a fantasy sports experience that rivals the best in the game.

So, let’s begin. 

 

What is a DraftKings App? 

DraftKings is a renowned name among fantasy sports lovers. It has a revolutionary business model that attracts massive users every day to join the intriguing platform. DraftKings boasts multiple fantasy sports and allows the players to choose their favorite one and play endlessly. Are you wondering what makes DraftKings so much loved by the players?

 

 

Well, it’s the rewarding scheme that attracts more users to join DraftKings regularly. DraftKings has cash prizes and bonuses to encourage the winners and spread brand awareness for more players to use their app. So, if you want to develop a fantasy app like DraftKings, then you must hire an iOS or Android app development company.

 

Market Current of Fantasy Sports Industry

 

 

• After totaling 8.44 billion dollars the year before, the fantasy sports services industry in the United States grew to a size of 9.48 billion dollars in 2022. The market was predicted to grow to a total value of 9.84 billion US dollars in 2023.
• Since there has been a growth in the number of firms in the U.S. fantasy sports market from 244 in 2013 to 651 in 2023, there has been potential for new entrants into the field.
• As per a poll conducted in the United States in August 2022, ESPN, DraftKings, and Yahoo were among the most preferred fantasy sports platforms among fantasy football participants. 
• There were 610 companies in this industry in 2022 as opposed to 545 in the prior year. 
• From 2015 to 2022, the number of fantasy sports players in the United States rose from 42 million to 50.4 million.   

 

Steps to Develop a Fantasy App Like DraftKings 

 

Are you planning to invest in fantasy app development? It’s great that you have decided to invest in fantasy sports app development, but there is still a process you must follow. Here’s how to build a fantasy sport app:

 

1. Research and Plan the Targeted Audience

Make sure you do thorough research before you develop or give the app over to a mobile application development company. It’s important to understand the current market, the competition, and your target audience. Gain insights into the app’s vision by analyzing user behavior, expectations, and preferences.

 

2. Strategies for Monetization

It is important to start planning for monetization as soon as you finish the app development. We have listed strategies for monetizing your app such as advertising, brand partnering and participation and entry fees. In-app purchases are also mentioned. You need to understand the best strategy to use for monetizing your sports fantasy application.

 

3. Selection Of Platforms To Launch Your App

Numerous competitors already have their own brands established in the market. The more you help the players, the more engaged they will be with your app. You can discuss your budget, vision, monetization plans, and a monetization plan when you hire mobile app developers so they can advise you on which platform is best to launch your application. Then you’ll have to pick between iOS and Android. You should focus on developing cross-platform fantasy sport games to reach every device.

 

4. Hire the Best Fantasy Sports App Development Company

After you have clarified the idea, research and planning, monetization strategy, platform, and launch of the fantasy sports app the next step is development. The two things are different: knowledge of techs, and having experience and skills. The best way to do this is to hire Indian developers from the best company for mobile app development. Examine the mobile app development companies and their services, based on your needs and budget. Then, choose the best one.

 

5. Design Seamless UI To Engage Users

If your app gives gamers a realistic gaming experience, they will stick with it. The more simple an app is, the more engaging it will be. Keep the UX/UI smooth so that users are engaged. Build an app with unique and well-organized features that will help it stand out amongst the competition.

 

6. Development & Deployment

Apps should be developed in a manner that provides a realistic user experience while serving the app’s fundamental purpose. Develop fantasy sports apps using the appropriate databases and languages. Creating a smooth UX and UI is also important for a great user experience.

After the app is developed, you can test it using Q/As. Test the app to make sure it’s bug-free, has no loopholes or is faultless. App testing allows you to see if your app is working properly. App deployment is the next step if both the client and the developer are satisfied with the finished app. 

 

7. Support and Maintenance

There is more to do than just deploy the app. It is important to contact a fantasy sports app company that provides post-deployment and maintenance services. This service is essential because after the launch of the sports fantasy app, it will need to be updated, upgraded, and bug-free. 

 

Key Features to Develop a Fantasy App Like DraftKings  

In this section, we will discuss the features to develop a fantasy app like Draftkings. However, you should hire iOS app developers who can easily integrate features in your app. Let’s now have a look: 

1. User Panel

• Real-Time Analytics – They are looking for real-time analytics to help them improve their performance. Consider adding features such as activity analysis and real-time tracking to your fantasy app in order to increase user engagement.   

• Customization – Users want more than just what’s included in the app. App owners are expected to allow users to customize their feed. This can be done by letting users create tournaments in order to compete against other players. You can personalize push notifications to include offers, game levels and more.

• Live Video Streaming – monetizing your app with a live streaming feature can be a great way to increase revenue. The feature can be included in your premium app, where users will have access to all the updates and can watch the match live. You can also increase engagement by showing match highlights in short videos. 

2. Admin Panel

• Geo-location- With GPS tracking and monitoring you can send push notifications to users about tournaments that are happening around them.

 

• Customer Relationship Manager – Integration of CRM into the application generates responses to various queries from users. They feel more attended. Users can also share valuable feedback about the application. This is a great way to improve customer service.

 

• Dashboard for Admins – a must-have tool that displays all relevant data. This includes total matches and upcoming matches. A dashboard also allows for the management and updating of rewards, users or transactions.  

 

• Custom Mail Reminder System-With this feature, admins can send customized emails to participants to inform them of upcoming matches or to share any information about their players or teams.

 

Most Popular Fantasy Apps Like DraftKings 

 

Apps Like DraftKings	Available Platform	Downloads	Ratings
ESPN	Android | iOS	50M+	4.3
FanDuel	Android | iOS	1M+	4.7
NFL	Android | iOS	100M+	3.5
Yahoo	Android | iOS	10m+	4.3

 

 

1. ESPN

ESPN has been around since decades. Its willingness to embrace and market the fantasy format through its networks is a major factor in the huge growth of this game. It appears that ESPN’s strategy has changed due to the legalization and success of DraftKings, and other similar services. 

 

2. FanDuel

FanDuel is the main competitor to DraftKings in the paid weekly fantasy gaming market. It was launched at the SXSW Interactive Festival in 2009. It predates DraftKings. FanDuel, like its cousin DraftKings, offers an online sportsbook to players in states that allow internet gambling. FanDuel was the fifth most popular fantasy application last season. It was used by almost half of fantasy players.

 

3. NFL

The NFL, which has traditionally taken a strong stance against sports betting and suspended players for betting on their games throughout its history, has recently changed its stance. Last season, about half of all fantasy football players in the United States used the NFL official app. This app does not offer any daily or weekly contests or prize money.

 

4. Yahoo

Yahoo’s fantasy football app was launched in 2008, and it still attracts a large portion of active players. Yahoo! is available on mobile devices. Yahoo! Fantasy Football is available on mobile devices via the apps for Android or iOS.

 

Cost to Develop a Fantasy App Like DraftKings 

DraftKings app development costs start at $10,000, and go up to $25,000. This is for simple platforms (Android or iOS), with basic functionality. It may cost a lot to develop a fantasy application like DraftKings iOS, with advanced features and functions.

However, if you develop a fantasy app like DraftKings with basic functionality, then the cost will be around $10,000-$15,000. If you go for a complex app with highly-advanced features, then you must cost around $15,000-$25,000.

So, it is better to consult with an experienced mobile app development company who can give an exact cost estimation for the DraftKings app development in a limited time. 

 

Conclusion 

Fantasy sports are growing in popularity, making it more competitive. As a business leader you must ensure that your plans are business- and technology-oriented. Nobody can guarantee success for your fantasy application until you implement your plans properly.

To be successful in this area, you should consult with the best DraftKings app development company as well as business experts that have experience and are able to provide real-life examples. When you are investing, it is important to be both practical and realistic. 

 

FAQ 

1. How Long Does it Take to Develop a Fantasy App Like DraftKings?

The development time for a fantasy sports app like DraftKings depends on various factors, including features, complexity, and team efficiency. A basic version may take a few months, while a more advanced app with unique features could take six months to a year or more. 

 

2. How Much Does it Cost to Build an App Like DraftKings?

The cost to build an app like DraftKings depends on various factors such as features, complexity, and development rates. A basic version may start around $10,000 to $25,000, while more advanced versions with additional features can cost several hundred thousand dollars.  

 

3. What Are the Benefits of Creating Apps Like DraftKings? 

Creating apps like DraftKings can offer benefits such as tapping into the lucrative sports betting market, fostering user engagement through real-time interactions, providing personalized gaming experiences, and generating revenue through in-app purchases and advertisements. 

 

4. How to Monetize Apps Like DraftKings?

To monetize apps like DraftKings, focus on in-app purchases for premium features, subscriptions for enhanced content or services, and advertising partnerships. Implement a freemium model to attract users and offer enticing promotions. Additionally, explore affiliate marketing programs and sponsorships to boost revenue streams.

 

5. What Are the Advanced Features to Develop a Fantasy App Like DraftKings? 

To develop a fantasy sports app like DraftKings, consider incorporating advanced features such as real-time scoring updates, live streaming integration, multi-sport support, social features for user interaction, detailed player statistics, and a user-friendly interface.