Well!! According to Wikipedia’s information, the first reported fantasy game of baseball league began in Boston in 1960, and from there the journey begins.

Currently, there are many sports fantasy apps like Fanduel, Draftkings, BetMGM, and so on. Fanduel is popular among the masses attracting millions of players to the platform. This online sports betting Fanduel has more than 6 million membership subscriptions and a staff of over 1,000 people.

As we know FanDuel has gained quite a popularity and is a New York-based gaming company that provides daily fantasy sports, sportsbooks, online casino, and online horse race betting products and services. In this blog we will read regarding the cost of development of apps like FanDuel, factors manipulating the development cost, and how do these platforms generate revenue.

As per the reports by Technavio, the fantasy sports market size will grow up to USD 5.38 bn at a CAGR of about 6% during 2021-2025.

Factors Affecting The Cost Of Development

When it comes to developing a real time fantasy sports app, the cost is undoubtedly one of the first considerations. In order to determine the budget for your project, you must first determine the cost of development be it through freelancing or hiring a fantasy sports app development company.

There are four significant aspects that influence the cost of producing a realtime fantasy sports mobile app. 

If you want to know how much does Fanduel cost then you should read the factors given below.

1. Platform

Which platform should I create my mobile app on? This is the thought that comes to your mind when you think of launching an app. When it comes to mobile apps, though, you have two options. You have the option of using Android or iOS. The platform you choose will have a big impact on the price of your project. 

Fanduel is on both Android and iOS platforms and it has been running its fantasy sports service on Amazon Web Services (AWS) for security and administration, and to make sure services run smoothly. The Amazon RDS for Aurora is used by the team for high performance.

Because Android is more compatible with a wider range of devices, developing an app for iOS is regarded to be far less expensive than developing one for Android. As a result, deciding on a platform before engaging an app development partner is critical. However, if you want to cover more territory in terms of customers, you should develop your app for both platforms.

2. Tech Requirements

After you’ve decided on a platform, the next critical consideration is the tech stack. You must be able to answer questions such as:

• Which programming language you wish to use. Or, 
• Which database will you use to store data? 
• You must also decide if you want to develop your software natively or cross-platform.

All of the above questions will help you figure out how much money you’ll need to spend on your mobile app development. It’s a good idea to talk to your development partner first so you can make an informed decision.

3. The Features

Your app’s features will ultimately determine whether it succeeds or fails. As a result, it goes without saying that the functionality your app has will influence the cost of your development project. The price of the course will vary based on the features you choose to include in your tool. If you opt to add high-end features like multiplatform support, expert analysis, live match streaming, multiple payment modes, leader boards, and so on, then the process will be more expensive.

Whatever you choose, there are some things that your real time fantasy sports app simply cannot do without, no matter how much it costs. Here is the guide to developing a fantasy app that provides a detailed description on the features, factors, and what to do.

4. Hiring a Developing Partner

Finally, the cost of bringing your real time fantasy sports app ideas to life will be determined by the app development company you choose. It’s critical to work with a development partner who has the experience, resources, and overall goodwill to assist you in developing an app at a reasonable cost. 

How well-optimized your development process is will influence a large portion of the money you spend. A respectable development partner will help you avoid mistakes, provide you sound advice, and use only the greatest minds and cutting-edge resources to bring your mobile app to life. The cost of your project will also be affected by the location of your developers.

Cost To Develop Fantasy Sports App Like Fanduel

It can be challenging to create a realtime fantasy sports mobile app. Every day, millions of people utilize popular fantasy sports sites and apps like FanDuel and Draftkings, which are changing the sports industry. You’ll need to invest in a high-quality backend and servers to ensure that your app can handle a large quantity of traffic. Furthermore, these platforms necessitate a slick and attractive user experience that is both exciting and simple to use.

The fantasy sports app trend is sweeping the globe, and now is the greatest moment to get into the game by making your own Fantasy app.

Although the thought of developing a Fantasy game app is exciting, the operation for this development can be difficult for businesses, and they must guarantee that the app they are creating can handle a large volume of traffic. Businesses must invest in high-quality backends and servers to do this. Aside from that, these platforms require a user interface that is both easy to use and engaging. As read above, the cost to create an app like fanduel depends on various factors.

If you want to construct a sports app with simple features and for a single platform, the projected cost to create a sport apps like Fanduel can start from $7000. However, if you want to make an app with extensive features and for more than one platform, then the prices can go upto $50000.

How Do Fantasy Apps Generate Revenue?

Different monetization techniques are used by fantasy sports apps for making money on Fanduel. If you are thinking about how to make money on fanduel then you should know that an app can use a combination of one or two of them, or it can use all of them at the same time. With that in mind, let’s look at how to make money on fanduel.

Also according to some reports, the global market size of Fantasy Sports is expected to reach USD 43,370 million by the end of 2026, with a CAGR of 13.2% during 2021-2026.

Fees for participation: One of the main ways most fantasy sports apps make money is by taking a tiny cut of the buy-in cost. You can set a percentage of the total cash you’ll deduct on each buy-in.

Advertisement: As your platform grows in popularity, making money on Fanduel mobile app is easy as you’ll be able to sell advertising space on it to brands and businesses. Sports-related brands and leagues are always on the search for platforms that have a high level of fan involvement.

User engagement models: Both fantasy sports app like FanDuel and Draftkings allow users to participate in daily or weekly contests. This results in higher user engagement and revenue.

Frequently Asked Questions

Q1. How much does fanduel cost?

Ans. The cost to create a sport apps like Fanduel can start from $7000. The cost for fanduel mobile sports betting app with extensive features that too for more than one platform, can go upto $50000.

Q2. How to create a fantasy sports algorithm?

Ans. As the daily fantasy sports game is growing, so is the competition and thus use of algorithms. You can create fantasy sport using algorithms like:

• Algorithm for developing, managing, and calculating game points based on live games data coming from data feed provider.
• Algorithm for building the ideal team for the daily contests.
• Algorithm for making a prize pool for contests based on several factors such as entry fees, contest complexity, number of participants, so on.

The Ending Note

Once you’ve sat down to draw out a plan for your mobile app, you’ll be faced with a slew of questions. One of the issues that will undoubtedly concern you is the cost of development. There isn’t a definitive answer to this question but we have provided you with the possible solutions and factors affecting it.

The fantasy sports app development company that you choose is critical for the success of your fantasy sports platform. Appinventiv is a digital transformation firm that has a track record of assisting brands in the establishment of successful platforms.

The post How Much Would It Cost To Develop A Fantasy Sports App Like Fanduel? appeared first on Appinventiv.

Sports betting is currently the fastest growing sector in the global gaming industry. As per Statista, it is expected to account for a huge market share of $92.9 billion by 2023, with a CAGR of 6.9%. While it seems clear that the coronavirus (COVID-19) pandemic (global pandemic) is blocking the demand for gambling, sports betting continues to thrive thanks to the creation of new and convenient online sports betting apps programs.

Finally, with the legalization of sports and mobile betting apps, there are several best sports gambling apps that are making their way to the market.

Sports Betting Popularity

As per Dave Finn, who directs the Draft Kings account for Taylor in New York, ‘Sports betting is very popular and New Jersey is ahead of Mega in revenue,’ referring to Megabet, the UK’s most famous sports betting company.

Sports betting has become a huge industry. According to Legal Sports Report, in October 2019, Americans spent more than $12 billion in legal sports betting. Of that amount, $858 million was used for sports betting, whereas the state kept $103 million.

As per a report by Technavio, the sports betting market size will grow up to USD 106.25 billion at a CAGR of 9.70% during 2021-2025.

What To Look for in Sports Betting Apps?

Choosing the best real money betting app is not easy. There are many suppliers that offer different levels of quality, safety, and service. It will take time to get to the full ranking, but let’s take a quick look at what we think is the most important. Here are four factors that go into finding the best sports betting apps for real cash bets. 

Safety and security

Ensuring that secure sports applications are used is critical to the quality of your gaming experience. You need to have peace of mind to know that your money is safe, your bets will be fulfilled, and you will not take advantage of opportunities by putting yourself at risk. Security and safety are two of the most important criteria we always look at when creating and updating our list of recommended best sports gambling apps.

Rewards

In the event that you have two gaming applications one next to the other and they’re similar in each sense, with the exception of one gives you free cash for betting, where are you going to take your action? You should snatch that free cash! Search for huge rewards that sportsbook apps offer and are easy to clear, accessible to bettors, and cover several (if not all) sports.

Banking options

Apps for online sports betting are useless if a money transfer is difficult. You must be able to deposit funds immediately and withdraw funds at least a few hours or days later. The leading best sports betting app development for iPhone and Android offers secure and high-quality banking options.

Benefits of Mobile Sports Betting Apps

Online sports betting mobile apps have a number of advantages. Draftkings and Fanduel are the apps that have transformed the industry in a great way. Here are some of the main benefits that mobile apps offer: 

Convenience 

One of the main reasons people use their smartphones to bet is convenience. Mobile phones do not require a lot of parts to operate, they are lightweight, can be carried anywhere, and are available worldwide. This not only changes the betting experience but also allows users to place bets on the go. 

User experience

There is no doubt that all sports betting platforms are very responsive. All sports betting platforms are designed to be compatible with a variety of devices. Responsive websites get the job done, but they don’t provide the desired betting or user experience. As a result, various sports betting platforms have moved to mobile online betting apps, providing users with the industry’s best gaming experience. That’s the reason why people are getting started with fantasy sports app.

Access to diverse games

What’s the best thing about various smartphones with gaming access? It provides a great gaming experience even on small screens. It gives players access to a wide variety of virtual games, slots, esports, professional sports, casinos, and more, so you can choose the sport that best suits your betting style. 

24/7 Access

The best sport betting apps give you access to a variety of betting markets so you can bet anywhere, anytime. With high-speed internet connection providing ideal bets, different bet types provide more convenient betting conditions and more. Smartphones allow users to access the betting platform 24 hours a day, 7 days a week.

More privacy

Many people want to explore the betting markets, but privacy concerns prevent them from visiting the betting markets and exploring options. Mobile gambling apps allow you to research the betting markets, the types of bets, the sports you can bet on, and more while protecting your privacy. 

Practice and free play

Various best online betting apps allow players to practice and hone their betting skills by offering free and low-cost practice games. This allows players to try out new games, bet types, betting markets, and more without any financial commitment.

Mobile bonus

There is mobile sports betting that has been around for a long time. There are several professional gamblers who turn to mobile sports betting apps. Almost all mobile sports betting apps offer subscription bonuses for downloads and mobile sports betting to make all sports betting stand out and clean up the clutter. It not only allows a large number of users to take download the app, but it also renders easy access and provides a great user experience.

Popular Types Of Sports Betting Apps

Crypto Sports Betting 

If you are looking for higher bonuses with easy withdrawal options, cryptocurrency betting is your best bet. These sports betting, which is mostly based on bitcoin and altcoins, is very popular these days.

Straight Bets

This is the most popular among sports fans, especially when it comes to sports such as football and basketball. It’s very simple, and app developers do a good job of it.

Point Spreads

Bets are placed on the player covering the spread and not on the player or team. Due to this, it is widely famous in the USA for football along with other sports too.

Total Line Bets

This bet offers an alternative way to place bets on your soccer and basketball teams. It is determined by the sum of the points of the two groups.

Moneyline

In money line bets you only bet on who wins and gets the higher or lower price, depending on whether the winner is the favorite or the loser. For example, if you bet $ 470 on your likes, you get $ 100, but if you bet $100 on your likes, you get $ 250 if you win.

Teasers 

A teaser is a parlay bet variation that offers small prizes for big changes in the distribution of points in your favor. In this, basketball, and soccer games programs get the most out of the additional teaser betting options. 

Prop bets 

The best sports betting apps are looking for ways to attract users who have never bet before. Prop Betting is a fun and easy betting app that are beginner-friendly. In this type of sports software solutions, bets are made on event details that do not require knowledge of the team you are playing on. For example, if the cart number in a racing game is greater than 9, then which side wins the reels?

Head-to-head bets

Head-to-head bets are one aspect of the money line in which you place your bet on a winner. For example, in cars or horse races.

Parlays 

Parley, also known as stack bets, combines multiple bets into one bet. The more bets are added to the pool, the higher the probability of winning. However, if you lose one of your bets, you will lose your entire bet.

Best Sports Betting Mobile Apps in 2021

When you visit the Play Store or App Store, you can come across a variety of mobile sports betting apps that are known to offer the best betting experience. With the advent of various mobile betting apps and mobile sports betting sites, it can be difficult to choose the one that suits your needs. 

That’s why we’ve compiled our list of the best mobile sports betting for 2021. This way you will be able to download the app and get the best betting experience possible. Some of these apps accept new laws and offer new deals for clients to get started.

Bet365

One of the most popular and trusted mobile bookmakers is bet365. The platform provides users with access to approximately 140,000 events that take place annually and offers live streaming options for major sports such as tennis, football, basketball, Irish horse racing, live games, and many other sports for partial and automatic cash distribution.

The app also provides safe transportation for betting players, access to major events, easy UI navigation, and access to games like poker and casinos. Apps can be downloaded from Google Play Store and App Store.

William Hill

William Hill is ranked second in online mobile betting and best soccer betting app. The app provides users with state-of-the-art scoreboards for a variety of sports such as boxing, soccer, and table tennis, as well as options to enhance their betting experience. The app also includes various features such as in-game updates, race acceleration, cash income, partial cash income, flash capabilities, and more. This app is also available on both Google Play Store and App Store.

Betfair

If you want to expand your experience and place bets on a wide range of sporting and non-sporting events, Betfair is the app for you. Betfair allows you to place bets on horse racing, tennis, dog racing, cricket, boxing, golf, rugby, political racing, and elections. The app has features such as race notifications, live streaming, two-touch race betting, notifications, in-game betting, all aspects of advantage, equality in multiplayer games, and best major league odds. This app is available in the Play Store and App Store. 

BetVictor

BetVictor offers a betting product that allows you to create your own markets and add different options to place your own bets. The app offers live streams with real-time updates, as well as payouts for various sports such as live betting, soccer, and horse racing. The app also provides access to the casino and offers a wide variety of sportsbook betting. BetVictor is available on both Google Play Store and App Store. 

PaddyPower

Paddy Power‘s user-friendly interface makes it easy to navigate and find your favorite games. This app gives you access to the live casino lobby and access to various casino games such as Roulette, Blackjack, Giant Grizzly, Blue Wizard, Spinwin, Quantum Roulette, Age of God Collection, and many more. The app includes a quick registration and deposit process that can be launched in less than 5 minutes and also supports a free play mode.

Want To Get Started?

Mobile betting trends are usually a good way to predict what will happen in the game you want to bet on.

All market research reveals one thing behind the continued popularity of sports betting- the online and digital revolution. Colossal growth in sports betting is expected, mainly due to the global spread of the internet and the investment of professional bookmakers in digital platforms to meet the demand for online sports betting.

The gaming industry market is highly competitive because it is very profitable and the future of sports industry is bright.

Entering this space requires a dedicated sports app development team of professionals who understand the nature of such projects and offer high quality solutions.

The post How Mobile Apps Are Changing Sports Betting? appeared first on Appinventiv.

The individual’s increasing interest in fantasy sports is a strong sign that fantasy sports apps like Fanduel and DraftKings will be the next big thing. Several big businesses are looking forward to investing in projects that can meet the increasing demand for fantasy sports.

So if you are searching for an idea for a mobile app, then developing the emerging sports betting app can be the ideal pick.

Just like our previous articles on mobile gaming changing the industry, this article will discuss fantasy sports applications and the two most popular fantasy sports platforms that seem to have taken over the sports world, Fanduel and DraftKings. 

What Are Fantasy Sports Apps and Why They Are So Popular?

Fantasy sports market apps are just like any gaming apps such as e-sports. Here the participants create virtual teams that comprise real players. The teams that users make on the fantasy sports apps then compete based on the players’ statistical performances in the actual games. 

The way a player performs on the actual field gets converted into points, which are then summed together to make final points. Users can also trade players to boost the statistics in the league.  

Fantasy sports market apps such as FanDuel and DraftKings have allowed users to participate in short-term fantasy sports on a far larger scale than ever before. Engaging in the game at any time of day or night has made them more popular. 

The framework eliminates the possibility of selecting a terrible squad and being stuck with players for the entire season. For die-hard followers of the game, it’s a chance to relive the whole season every day. In one-day fantasy football leagues, FanDuel, and DraftKings are the market leaders. 

To develop fantasy sports app, one has to be careful as users compete for real money in leagues that begin with $1 as an investment. There are no related subscription fees, allowing both services to develop at a rapid pace. 

This has also increased the emergence of fantasy sports software development company and fantasy sports app developers to fulfill the market needs and Develop fantasy sports mobile app.

Online fantasy sports platforms are popular among the masses because of several other factors such as:

• Fantasy sports applications allow participants to play in real-time.
• The competition is based upon the player’s actual performance on the field and hence is always fair.
  
• Users get a chance to showcase their love and enthusiasm for sports. Also, such fantasy game apps have kept people pretty motivated and engaged amidst the pandemic.
  
• While playing a league, people get to meet like-minded people from across the globe and make friends for a lifetime.
  
• Playing a league is always a thrilling experience for the users; whether you lose the game or win one, the intense competition will keep you hooked.
  
• Well, the best thing about fantasy game apps is that they are rewarding. You may earn some cash if your team performs well or wins the game.

What Are FanDuel and DraftKings Platforms?

FanDuel

FanDuel was established in 2009 and is one of the most popular fantasy sports sites in the United States. FanDuel is based in New York and has over 1,000 employees. The app has more than 6 million registered users to date, and the numbers are continuously increasing. The company is owned by Flutter Entertainment and received several rounds of funding from the biggest investors.

FanDuel provides fantasy sports and betting in the below shown segments:

• NBA
• CFB
• Golf
• NFL
• NHL
• MLB
• Soccer
• Tennis
• WNBA
• CBB
• NASCAR

DraftKings

DraftKings is the USA’s largest fantasy sports service. The firm was founded in 2012 in Boston and employed more than 850 people across eight nations. Till now, the firm has raised more than $895 million and is still surpassing its profit records.

DraftKings focuses on sports segments such as:

• NHL 
• MLB
• NBA
• NFL
• PGA
• premier League
• UEFA Champions League Soccer
• NASCAR Auto Racing
• Mixed Martial Arts (MMA)
• Canadian Football League
• XFL

FanDuel and DraftKings Revolutionizing the Sports World!

Acquisitions are significant to the fantasy sports business, just as they are in any other sector. Paddy Power Betfair, currently known as Flutter Entertainment, bought FanDuel in mid-2018. FanDuel is a subsidiary of the parent business in the United States. 

The acquisitions of FanDuel heralded an exciting future for daily fantasy sports.

Former FanDuel CEO Nigel Eccles claimed that the firm’s objective shifted from being just a fantasy sports company to making sports more entertaining through a tech-based approach. 

Both FanDuel and DraftKings attempted to merge into a single organisation. 

Still, the merger was called off when the Federal Trade Commission (FTC) claimed the new firm would create a monopoly with a combined 90 percent of the US DFS industry.

As per the Arizton report, the application-based fantasy sports market share is expected to grow at a CAGR of 14%, recording a growth of over 119% from 2020 to 2026.

The same report also states that the female segment is likely to witness an incremental growth of USD 255 million in North America due to the increasing awareness of fantasy sports among females through social media.

As per the Businesswire report, the Fantasy Sports and Gaming Association states that over 59 million people are engaged in fantasy games across the U.S. and Canada. It also states that 20 million people are playing fantasy games across India and the figure is estimated to reach 150 million by 2022.

You can clearly see the revolution in the sports industry through these stats.

How Do These Apps Generate Revenue?

Fantasy sports software solution applications can operate on several different monetisation models. An app can have a combination of two or more other models. Let us explore the various fantasy sports app revenue models:

Participation fees

One of the primary ways most fantasy sports apps earn an income is by taking a small percentage of the buy-in price. You can choose a predetermined portion of the money deducted from each buy-in.

Advertisement 

If your platform becomes famous enough, you will offer it to brands and businesses for marketing. Sports-related leagues and enterprises are always on the hunt for venues with a high level of interaction among sports enthusiasts.

User engagement models 

Both DraftKings and FanDuel allow their consumers to participate in daily or weekly contests. This increases user engagement and income.

The Endnote

Fantasy sports app development is a massive, lucrative industry that generates millions of dollars in income each year for businesses like FanDuel and DraftKings, which comes from fees, advertising, and partnerships. Although digital fantasy sports are not considered gambling, Developing a fantasy game app and then making it legal in the US states is a challenging task.

With many individuals playing fantasy sports at an alarming rate, fantasy sports app development services might be a lucrative business option to pursue. However, with so many such apps on the market, finding the appropriate mobile app development firm is essential.

The post How are Apps Like Draftkings & Fan Duel Changing the Sports Industry? appeared first on Appinventiv.

Over the last 10 years, the Multiplayer Online Battle Arena (MOBA) has become one of the biggest games in the world, with a colossal Prize Pool where the last calculated figures stood at a whopping $34,330,068. 

Such games boost the competitive nature of the eSports industry as it attracts a large number of people from all over the world.

What is eSports and why do people watch it?

Along with its share of synonyms, which include electronic sports, digital gaming, online gaming or any other neologisms that are coined every other day, eSports stands for providing a platform for mass entertainment where organized gaming events take place. 

You can play either as an individual or as a part of a team. eSports has redefined the video gaming culture and many gaming companies generate obscene amounts of money through online platforms. Platforms like Twitch, Streamlabs, Nexplay, YouTube and now even Facebook allow 24/7 online gaming viewings. Through their services, people become part of the massive fandom with distinct tropes.

Terms like MOBA, FPS, MMORPG, RTS, etc. are the gaming genres that you find in online gaming portals. League of Legends, Fortnite, PUBG, Garena Free Fire, Dota 2, FIFA and Super Smash Bros are a few of the biggest franchises in the eSports industry. 

Now that you know ‘what are eSports games’ and ‘how does eSports work’, the next aspect is an interesting one — why do people love watching it? The ‘why’ here is less subjective and more universal. 

How do I corroborate that? Well, consider watching sports, any sport for the sake — say Football. The major football leagues have been postponed due to the coronavirus pandemic, but did that deter people from watching football online? There are innumerable interesting videos of teams, players, tournaments that people love seeing multiple times or have missed for the first time. Not only that, the fans love to see what their favourite sportspersons are doing in real life. 

The basic aspect of gaming is it allows you to be in a virtual world, explore stuff and perform actions which are not a part of your routine lifestyle. That’s one major attraction. How does eSports escalate this? It provides a forum to see what millions of other people are doing, the gaming battlezones serve as a treat for the viewers and also a space for social interactions among players and spectators.

The online chat during live matches pumps up the tenacity of both the players and audiences alike as each expresses instant reactions during the gameplay paving the way for a healthy competition.

The visual aesthetics, the technical advancements, the captive storylines, everything engrosses the general public that’s why they love to play or pay to see others play. 

The rise of eSports

The global eSports market is gigantic with 2018 ending with 380 million viewers as estimated by a Newzoo report. The report also predicts the numbers are likely to reach 557 million out of which 250 million would be dedicated enthusiasts and the rest 307 million will be occasional viewers. The market is expected to be worth a billion dollars and more as the number of players and viewers are increasing.

The Asia-Pacific market will witness a tremendous growth in eSports as it currently holds the lion’s share and the numbers will read something like $1.5 billion by 2022. It had a market share of 57% which was previously 51% in 2018. The second place is up for a tie between the US and Europe at $1.2 billion. 

The awareness of online gaming is hugely increasing. People now know what is eSports gaming and why it is so addictive. Improvement in console-based experiences like Xbox and PlayStation has further boosted the urge for people to play and watch games. What multiplied the numbers were mobile applications. 

During earlier times, people used to stream only via web portals and bigger screens. With many streaming platforms having their app formats ready and running, it has become easier for people to enjoy game-viewing through their smart devices. 

eSports is also a pop culture phenomenon where people like to discuss gaming strategies and opinions which are hugely impactful. The scenario for the industry underwent drastic changes from having simple strategic narratives to creating a complex digital ecosystem. This has led to the creation of many eSports leagues which host the finest global tournaments, The IEM Katowice and League of Legends World Championship are two most popular gaming events. 

During the first quarter of 2018, audiences spent 17.9 million hours watching their favourite eSports athletes battle it out to make it big. Dota 2, League of Legends and Counter-Strike: Global Offensive were the games that grabbed the most number of eyeballs. 

In fact, FIFA has its own edition called the FIFA eWorld Cup for console eSports players where, like the original format, 32 teams participate to win the Cup. The global pandemic due to the Covid-19 spread has created such opportunities for sports events like NBA and Formula 1 who have also introduced such modes. To hype it up, there are some world-class fantasy sports apps and platforms that have come up lately. 

The above is a still from latest #BundesligaHomeChallenge timetable. 

Trivia: The first eSports event was organized in 1972 called the ‘Intergalactic Spacewar Olympics’ at the Stanford University’s AI Lab. The first winners were given a year’s subscription of the Rolling Stone mag.

How do eSports orgs make money 

Seeing such an unprecedented, although comprehensive growth, people had inquisitions. But now you know is eSports a billion-dollar industry or not and how steady it has grown with the internet. Another interesting aspect is how do the companies earn so much. Back in 2019, GTA online helped its producers, Rockstar earn $1.092 billion. This is just one game from which you can figure out how big the eSports industry is. 

Trivia: GTA V was valued over $6 billion in 2018, the highest gross by any entertainment franchise.

Gaming companies who are creators of the top-grossing games earn insanely well. eSports companies majorly earn through sponsorships and advertising which roughly accounts to 80% of their statistics. 

The rest of the revenue is generated via ticket sales, merchandising and media rights. Under the sponsorships and advertisements, you can clearly see product placements and recommendations, discount coupon codes on gaming equipment, brand clothes, etc. The ‘streamers’ are able to avail these discounts and offers with the T&C clause. More the sponsorships, bigger the growth of eSports.

With more people flocking to online platforms, this has helped advertisers immensely. And also the lot consists of the fairly young which includes millennials and Gen Z mostly. This increases the scope of multinationals like Coca Cola, Intel, Mercedes-Benz and the others who are sponsoring the events/games and also reaping the benefits with massive returns. 

All of this helps companies raise the stakes in deciding the winning amount. The revenues earned helped them to make the pool prize amount bigger with individual players making the million-dollar cut. 2019 took online gaming at its zenith with more than $211 million shelled out as prize money — the highest number ever calculated. A beacon that eSports future prize money will be much higher. 

This has led to a tremendous increase in investments by venture capitalists and private equity firms. And the numbers have grossly increased. Where in 2017, investment raised were valued at $490 million, the amount raised just one year later touched $4.5 billion which is an unbelievable statistic with an 837% Year-over-Year Growth rate. Subsequently, this has helped agencies to raise the standards of sports app development.

Trivia: In 2019, 15 players became millionaires (some for the second consecutive year), $100K plus was won by more than 288 people, 60 grand was won by 196 players.

The Future of eSports Industry

Despite representing the modern sporting culture, it has shaken hands with the traditional sporting world as well. In the Jakarta Asian Games, Digital Gaming made its debut as a demo sport, in the 2023 Pan American Games in Santiago, it is likely to be introduced and is being considered to be a side event at the Paris 2024 Olympics. The liaison is being discussed as an avant-garde sports confluence that will open newer avenues for the world. 

Now that you’ve got the answer to the question that is eSports a billion-dollar industry, there is another noteworthy fact you should know. The grandest digital gaming competitions take place at stadiums and due to the pandemic, it has dented a major source of income for the organizers and game owners. 

Nevertheless, once the virus steers clear, eSports future growth is on a steady uphill climb, and it will likely come out with newer ideas to make people fall in love with gaming.

FAQs

Q) What is esports and why do people watch it?

Understanding eSports is simple — it is basically playing games online. Players, as individuals or in teams, participate to compete against each other and the winner takes away the rewards. People love watching it because it is highly addictive and they can cheer and interact with their favourite e-athletes watching them in real-time. It also provides a huge platform for discussion.

Q) How do Esports work?

They turn video game playing into sports. For example, Call of Duty and GTA San Andreas were introduced as console games but had developed an online multiplayer version as well. This helps to earn the franchises a lot of revenue. 

Q) Is Esports a real sport?

An interesting question — to answer what is a sport, any game which requires hand-eye coordination, strategy and competitiveness is a sport. Except for the excessive physical labour, eSports have all of these. 

Q) How to play esports?

Very Simple. You need to buy a game and see if it matches your system requirements. You can choose your gaming platform as per your wish. Go through tutorials and walkthroughs before starting out so you know what’s in the platter. Practice a lot. Join a team which has dedicated ‘eSportspersons’. You can attend training camps as well to have a learning curve. 

Q) Is Esports worth investing in?

It is. YoY capital investments have increased 837% in a single year, taking it from less than 500 million to 4.5 billion in a single calendar year.

Q) What is the difference between esports and gaming?

eSports is an online multiplayer platform where many people are playing together to compete amongst themselves. There’s prize money for the winners. It is usually played in teams. Gaming, on the other hand, can be a leisure activity where one is not necessarily playing to win real prizes.

The post A Brief Look at eSports – the Future of Sports Industry appeared first on Appinventiv.

Let’s come a little close to today.  

In the modern era, fantasy sports popularized as a fun game being played among friends. But, in no time, it caught the attention of the big guns like Yahoo, CNN, ESPN, etc. Cut to today and the very near future, it is taking less than a half time’s duration to make the fantasy sports market to make it to the $33200Mn category.  

The rise in the fantasy sports market has played a direct hand in the cost of development,  bringing a rise in the fantasy sports app development count (such as Draftkings and Fanduel app) and changing the sports industry through these rising apps.

The intent of this article is to throw some light on how to get started in the sector. The intent of the article is to give the entrepreneurs the necessary insights into the business side and technical aspects of how to create fantasy app business. 

How does Fantasy Sports App Works?

The fans choose real players from an online selection process, commonly known as a draft, and assemble a fantasy team. 

Then the real-game statistics of the players are compiled and parallels are drawn to gauge whose fantasy team has performed the best.

The players are able to track how their respective fantasy team is doing through different websites or mobile applications. Some of the players join leagues with their acquaintances and compete against people they only know. While others join the public leagues which are hosted by the websites and compete against the strangers.

Statistics Highlighting the Rise in Fantasy Sports App 

If we deep delve into the fantasy sports app market, we can gauge that the sector is on an obvious rise – partly because of the user base that it works around and partly because of the popularity of the sector. 

Here are some statistics establishing our point – 

Now that we have established the market of your fantasy sports app, let us now move on to the feature sets that would make your intent of fantasy sports mobile app development successful. 

What are the Must-Have Features of a Fantasy Sports App?

Must-Have Features for the Participants

1.  User Registration

The one thing that is common in almost all the applications is the user registration facility. What is necessary in this step is that you only ask for information that is absolutely necessary. In the case of fantasy sports app, it is details like the personal number, email ID, and a unique username, etc. 

2.  Landing Page

It is that part of the app where users land on once their login is complete. The users, here, come across sports which are being played. Here the users are given a filter for searching elements according to their choice. Some of those filters include: sport, date,type of matches, tournament, etc. 

3.  Contest 

Here, the users are able to view details of content they participate in the sports fantasy app. In this section, they are given multiple details that can be filtered according to – winning amount, Entry Fee Range, Winners Count, Contest Type,Winning Range, and Contest Size, etc. 

4.  Join Contest

As the name goes, this feature of our fantasy app development accepts users to join the contest. Here, they are made to pay the necessary entry fees needed to participate in the fantasy sport game. 

5.  Profile Settings

It is an important part of the fantasy sports app.  The users here are able to customize using this functionality. Along with the functionality of updating their profile, users can also check their reward points, account details, transaction history, bonus, referral, etc. 

Must-Have Features for the Admin 

1.  Dashboard

The dashboard is where admin can access different statistical figures around the number of played matches and information related to total number of players, etc. It also shows the total amount of earnings made by the users in the app.

2.  User Account Manager 

The functionality gives users the capability to manage the entire account. Using the feature, the users are able to edit, initiate, delete or deactivate their account.

3.  Manage Contests 

The functionality is used for managing and coordinating the different ongoing contests. The admin can easily manage the contest categories, additions, edition, deletion, or even deactivation of a contest if required. 

4.  View Earnings 

The best part of a fantasy sport app is the earning and reward that an individual receives. Using this functionality, the admins are able to access the complete earnings of individuals. 

5.  Report Management

The report management functionality enables the admin to access all the different report types like: player ranking report, earning reports, etc. 

While it helps to know the feature sets that you want your partnered fantasy sports app development company to follow, it also helps to know the design system that must be followed when creating a fantasy cricket sports app of its other forms

How to Design an Effective Fantasy Sports App?

The one thing that works most in the favour of fantasy sports apps is also the one that is the most complex – the app design. In fact, it is the design that separates the intricacies of sports app development with other app categories. There are multiple elements that the users interact with once inside the fantasy sports app – as you must have gauged from the feature list that we just read.

Source: Dribble

Since we have catered to the elements that have to be looked into when designing a fantasy sports app, let us, in this section, concentrate on the guidelines – ones that should define the UI and UX elements of the application. 

Easy Onboarding 

The first and foremost design element that should be considered when designing a fantasy sports app is its onboarding. The one complaint that the gamers have with even some of the big names of this industry is how they pay very less attention to the app onboarding. Besides following the several onboarding best practices, there should be a guiding element in the application which takes the user across different parts of the application. 

Defined Real Estate 

If you have worked around a fantasy sports application, you would remember how big the information set is. There is a lot that a user can do inside the application – they can create leagues, join one, track real-time score, view their team’s management, access dashboard, make payments and so much more. 

Noting how this multiple information set is what lies at the core of a fantasy application, it is important for a fantasy sports app designer to wireframe the real estate of the screen. And find the best ways to show all the different data sets that a user requires. 

Minimal Text Usage 

The last thing that the user would need when interacting with the application in a high adrenaline emotion is the presence of a lot of text. What our team of designers unanimously advise is that until and unless your application most absolutely requires textual content, avoid using them in the application – at least on the screens which the users are supposed to interact with during game time. 

While the feature set that you just read will help you know what to expect from your fantasy app development company, it is of utmost importance to know how your efforts can be monetized. 

How to Make Money With a Fantasy App?

When it comes to making money at the back of your answer to how to create fantasy app, the use case that generally emerges is that of an app like dream11 fantasy sports app. 

But in an ode to give you a holistic answer, let us look into the different monetization models available for businesses who operate around fantasy sports applications. One that our fantasy sports app developers focus on. 

1.  Advertisement

Advertising is one of the most commonly used forms of monetization models that fantasy sports apps rely on. You can assign a place in your app for brands to advertise their business within your app offering. 

2.  Participation fees

Some fantasy sports platforms organize contests and offer users a chance at winning NFL-sized payouts, for which they charge them a participation fee. They take a portion of these cash-prize contests, which in numeric values can be massive. 

3.  Different User Engagement models 

Big players such as FanDuel and DraftKings offer and enable their users to take up multiple contests weekly. This, in turn, increases the fees collections from league while entwining the participants not only for one content but for the complete season.

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