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2nd Most popular sports in America
$1 million is the biggest NBA contest prize pool
Us $26400 Dolor Market revenue of fantasy sports by 2025
Basketball App development like Draftkings
Interested in investing in the fantasy basketball app business? Good idea. Why do we think so? Let us explain it to you. Basketball is the 3rd most popular sport in the world. The basketball fans across the world are extremely passionate about their sports and looking at ways to involve it in their daily life. The fantasy sports app has been in vogue for a while now. People are fond of being connected with their favorite sports on a daily basis.
Sports fanatics love the whole idea of fantasy sports app so much for its excitement and entertainment along with the added perks it delivers such as cash prizes, sign-up bonuses, etc. Fantasy basketball apps like draftkings have been a platform for the fans to prove their smartness in theory. With plenty of apps to choose from, fans have the option to either play or build daily fantasy basketball app or a season-long fantasy baseball. The attractive features of this platform make the betting process easy and effortless. Moreover, these advanced features have proved to have enhanced the user experience giving them the best-ever fantasy gaming experience.
What is a Fantasy basketball league?
Basketball fantasy league is a popular online sport that is played by millions of fans every year. The fantasy basketball league is a platform that allows you to create your own team, draft your lineup, play alongside your team, and watch the live highlights. Here you become the manager of the top players in the world who battle with each other in an online fantasy basketball platform. This platform allows the fans to create private leagues with their friends, join public leagues, view latest scores, stats, analysis, and configure rules, lineups and trades.
How to play fantasy basketball?
Now that you have decided to start a business in this realm of fantasy sports betting, it’s time that you understand the game well. Like any other fantasy sports, even basketball fantasy league is also played in the same way. Fantasy basketball is played in either free mode or prize-enabled mode. For someone who is playing the game for the first time, the standard free game is a great option. This would let one know the entire game format and master the ways to triumph your counterparts. Prize-enabled game is a good option when the players want to win a part of the prize pool. Following are the scoring types:
Rotisserie (ROTO)
In this scoring system, players play against every team in their league in multiple statistical categories and at the same time.
Head-to-head
Here, teams play against other teams for a week and their real-timee statistics is taken for a week.
Fantasy points
In this scoring system, the points are considered as per a particular statistics and the real-life performance of the players on each team
Daily basketball
Here, the players play just contests on a daily basis and core fantasy points according to set scoring rules.
How does fantasy basketball app make money?
Fantasy basketball app
Has limitless opportunities to make money. With the booming success of this platform, many other players are coming into this realm. Let’s take a look at the revenue models of fantasy basketball app below
League entry fees
This is the major-money making strategy of this app. Most of the revenue comes from the entry fees of the fantasy basketball app. The users keep earning prizes that keep them motivated to take part in pro-leagues.
Brand Promotion
Fantasy sports apps are becoming extremely popular. It can be a great medium to attract a huge mass when it comes to brand promotion. Businesses are eagerly looking for such a vast platform for their promotion.
In-app Purchases
Incorporating the e-commerce section into these apps has considerably increased the revenue of a Fantasy sports app. This incorporation will allow fans to buy their favorite merchandise as well as have all the fun they want.
Are you in pursuit of creating your own Fantasy sports application?
As a fantasy sports app developer, we have immense experience that will help you in creating exemplary fantasy sports solutions. If you looking for a great fantasy sports app development, then join hands with us and kick start your journey into the realm of online basketball betting. This field is highly profitable no matter what monetization strategy you take up, so it is widely evident that it is not going down from the market any soon. We can provide custom solutions as well as develop a great app from scratch adhering to your requirements.
Standard features of basketball betting software
What is unique in our Basketball betting app?
We at Let’s Nurture. will create technologically competent, user-friendly, and exceptional fantasy basketball apps like Draftking. With our fantasy basketball apps, we will ensure that a smooth and convenient user experience. We will deliver an engaging platform with an innovative and competitive environment. Some of the exceptional attributes of our Fantasy basketball app includes:
How much does it cost to develop an online basketball betting app like NFL?
Now that you have understood all the details of developing a fantasy basketball app, it is time to know the cost involved in it. Let us help you through it. Team up with the top fantasy sports app development company like us and become a successful entrepreneur. Investing in fantasy sports business and witness the best fantasy sports app that lets you stand out from your competitors. We will develop the best-in-class fantasy sports mobile application that is compatible with all devices and latest OS versions like Android P and iOS 11 on Android and iOS platforms respectively.
The total cost of developing a Fantasy Basketball App on Android and iOS platforms with backend will be approximately USD 6000 to USD 8000.
How much does it cost to develop an online basketball betting app like NFL?
Now that you have understood all the details of developing a fantasy basketball app, it is time to know the cost involved in it. Let us help you through it. Team up with the top fantasy sports app development company like us and become a successful entrepreneur. Investing in fantasy sports business and witness the best fantasy sports app that lets you stand out from your competitors. We will develop the best-in-class fantasy sports mobile application that is compatible with all devices and latest OS versions like Android P and iOS 11 on Android and iOS platforms respectively.
The total cost of developing a Fantasy Basketball App on Android and iOS platforms with backend will be approximately USD 6000 to USD 8000
2 iPhone App Developers
2 Android App Developers
1-2 UI/UX Designers
1-2 Web (Frontend + Backend) Developers
1 Business Analyst,
1 Quality Analyst
1 Project Manager
How we ideate something exceptional?
Listen to your ideas
It is important that we hear your concepts and suggestions first. We make sure that we adhere to your guidelines and conceptualize as your set business.
Analyze your requirement
Our immaculate team of coders will assess your requirements thoroughly and give you a blueprint of your idea before implementing it.
Mould your ideas
Keeping in mind the wireframe and design approved by you, we will develop your project with the utmost quality and efficiency.
Test before launching
Before getting your project live, we will run various tests to make sure your app is fully functional and contains no bugs whatsoever.
Why choose Let’s Nurture as your ultimate fantasy basketball app Development Company?
Frequently Asked Questions :)
What are ongoing costs?
How much will it cost to add other sports into my fantasy app?
Is it cost effective to develop a white label solution instead of full custom platform?
Can I add people to join and use group chat along with live audio-video streaming?
Can we add and create multiple leagues of sports in this fantasy app?
Do you have your own team of developers?
What would be better? Having a fantasy sports app on a hybrid platform or on both native Android and native iOS?
Ongoing costs involved in running a fantasy sports platform will include:
Server annual usage cost
Web AdminMatch Score API Subscription charges
Payment Gateway subscription charges
A gaming mobile app like a fantasy sports app must include the best-in-class UI/UX and high performance with speed. Native Android and native iOS app development will ensure to incorporate these all essentials. After all the success of this mobile app will depend on the fans only.
