Do you want to start your own fantasy sports business? As we all know, the past few years have made us believe that the demand for fantasy business has become more popular. Many companies are investing in fantasy sports apps due to amazing apps like CBS, Drafts, and dream 11. However, if you’re wondering how to create a fantasy sports app but are still confused in that case, you must look into some reasons that will make you understand why you must use a fantasy sports app.
In this blog, we have covered all the essential top 10 reasons that will make you trust your decision to invest in the fantasy sports business again. So, prepare carefully to understand it more.
Some Market Stats of Fantasy Sports Apps!
- According to statistics, 81% of players in the fantasy sports app are male, while only 19% are female.
- More than 85% of US citizens choose to use the app to play fantasy sports activities.
- The largest fantasy sports gaming platform has more than six crore subscribers, up from roughly 60 lakh users two years ago.
- According to Statista, the users of fantasy sports ages 18 and 25 seemed to choose DraftKings Fantasy a little bit more.
- Users between the ages of 26 and 35 tended to favour FanDuel Fantasy Sports slightly.
- Half of fantasy sports players are between the ages of 18 and 34.
- Players make more than $75,000 in 47% of cases.
- By 2025, the size of the global fantasy sports market will reach $29870 million.
Top 10 Reasons to Invest in Fantasy Sports App
Several reasons make a business entrepreneur invest in fantasy sports app development. In the section below, we have covered the most important reasons you must know to understand the increased demand for the fantasy sports business. So, prepare carefully.
1. Boost in User Engagement
It is one of the primary reasons to invest in fantasy business. Several users of fantasy sports apps are accustomed to receiving real-time experiences from these apps. The demand for online fantasy sports has grown even more as nearly everyone now owns a smartphone. If you invest in a fantasy app development, you must know that it will be a win-win business for you because, according to statistics, by the end of 2025, the market for online fantasy sports will increase from 18.6 billion to 49.2 billion dollars.
2. Collaboration with Major Leagues
Reading this heading will confuse you about what we are talking about. It is vital to know that the fantasy sports app has popularity due to its massive effective user engagement and excellent game experience. A cricket app development is ideal for getting new clients for your business. As a result, several well-known sports leagues see these platforms as an excellent opportunity to boost their popularity. As a result, investing in these platforms will allow you to network with these powerful leagues. You must consider that it will improve your company’s perception and the user base. So stop waiting and hire dedicated developers for your business.
3. Low investment and High Return
Suppose you’re confused if the development of a fantasy sports app will offer you great returns or not. In that case, you should know that the cost to develop a fantasy sports mobile app ranges from $12,000 to $14,000, which is not that expensive compared to other mobile app development. So, if you want to invest in mobile app development, especially fantasy app development, then you must choose this. A fantasy app development offers adequate high returns with low investment.
4. Large User Base
The heading ” large customer base” must have explained to you the intention of keeping it as a reason for investing in fantasy sports app development. It is vital to know that many lovers of sports, including basketball, football, and cricket. Many of these people choose to use their smartphones to view league games. However, some people cannot get the practical advantage of winning money for both consumers and company owners. You must consider and understand that it’s the most important reason to invest in the fantasy sports business.
5. Scope of Improvement
Suppose you release your app on a big day like the T-20 World Cup. In that case, things like getting serious bug issues could seriously hurt your business, as we all know or are aware that not every application is perfect right after development. Still, there’s always scope for improvement for everyone. You will have plenty of time to detect all of your app’s issues if you launch your app a few months before the significant matches. It will result in comprehending the user’s behavior and planning your strategy appropriately.
6. Cricket Calendar
Many cricket lovers can get fantastic opportunities in a year to get into tournaments and leagues. The cricket lovers have a massive list of upcoming events to choose from, including the Big Bash League, T20, Yahoo Fantasy Football & more; app like Dream11 and ESPN Fantasy Sports are about to begin. The Cricket Calendar is constrained. Thus, an owner of a fantasy cricket platform can give sports fans more options than any other sport. Investing in fantasy sports apps is a highly effective task that you must consider to grow your business.
7. Legal and Secured
Suppose you’re confused about investing in the fantasy sports business due to the unclear myth that betting and fantasy sports are the same. You should know when attempting to distinguish between betting and fantasy sports apps. Many people frequently become confused. However, the two are not comparable because fantasy sports operate fundamentally differently from betting and depend wholly on the user’s skills. One of the main reasons you should consider utilizing the power of fantasy sports app creation is legitimacy.
8. Increase Brand Image
By engaging with big brands and top-level leagues, your business will get maximum brand visibility. As a result, you’ll increase your user base and enhance your brand image. It is vital to know that it is one of the core reasons behind choosing fantasy sports app development. It would be best if you did not avoid this opportunity to boost your business brand visibility.
9. Maximum User Satisfaction
The actual market demand and rise in fantasy apps resulted in increased users from 2 million in 2016 to 12 million in 2021. You must start investing in fantasy app development to establish yourself as a significant force in the sports sector to meet the expanding demand in the worldwide market. The increase in user satisfaction came from user engagement on fantasy apps, which increased the faith of users in your brand.
10. Real-Time Tracking
Several companies believe that the real-time tracking feature in fantasy applications is another primary reason that made everyone get addicted to it. The real-time tracking feature enables functions that can track your user’s most active time, app leaving time, and duration of user engagement on your app. It will help you review your updates for applications, resulting in an increasingly more user base rather than decreasing one.
Takeaway!
Hopefully, the information mentioned above was quite helpful for you in knowing about the top 10 reasons to invest in fantasy sports apps. Several companies are hiring fantasy sports developers to get the unique UI/UX of fantasy sports apps to get maximum user engagement. Knowing that you should consider this fact and make count in to get the most excellent development is vital.
The most unique and extraordinary delivery of a cricket app development can only be done by hiring the best fantasy sports developer, so don’t wait and hire a web app development company like Dev Technosys with years of experience in mobile app development. Get in touch with Dev Technoys to know the actual cost to develop a fantasy sports mobile app.
