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Fantasy Sports Gaming is an emerging domain in India, which provides sports fans with an opportunity to use their knowledge, skill, and understanding of the sport to win in online versions of actual on-ground games. In a fantasy sports platform, a user gets to create an imaginary or virtual team within an allocated budget for a match that is happening in the real world. Based on the statistical performance of the team, users win money if their strategy and predictions are right.
In India, fantasy sports were introduced in 2001 by ESPN Super Selector. The fantasy sports domain evolved over the next 18 years with the launch of Dream11- consisting of a 90 percent market share in the fantasy sports league, along with other platforms like MyTeam11, MPL, My11Circle, Fantain and more. With the growing prominence of Fantasy Sports Apps, venture capitals have also started investing in fantasy sports companies. Dream11 has raised a total of $100M in funding over 5 rounds, which makes it one of the biggest & most popular fantasy sports apps in India.
Can build a successful website like Dream11? Is it possible to replicate the success of such platforms?
Yes, That’s because the sheer size of the fantasy sports market is huge and the options available in sports gaming are limited. Fantasy sports in India are witnessing a hyper-growth, with a projection of nearly 100 million online fantasy gamers by 2020, fantasy sports have claimed a stronghold in the Indian gaming market. Moreover, the success of any fantasy sports platform largely depends upon live sports and the Indian Premier League being on the cards can be an illustrious spotlight for all aspiring fantasy sports entrepreneurs.
What makes a website like Dream11 so sought-after by users?
For a nation like India, sports always bring a sense of national pride that is incomparable to any other form of entertainment. Dream11 being an eminent player is offering fantasy cricket, kabaddi, football, and basketball. Out of these, cricket and kabaddi are especially in Tier-2 and Tier-3 cities while football and basketball are picking up fast in North India while being extremely popular in North-East and South India. The size of the Dream11 user base is a good indicator that these games are the best bets in India for any startup that wishes to strike gold in the fantasy sports application industry.
How to build a fantasy cricket platform like Dream11?
With more than a 6 crore user base, Dream11 is one of the fastest-growing fantasy sports platforms in India. Dream11 has successfully carved its niche and has created a place among sports lovers & enthusiasts. Its growth is a testimony to the success of fantasy sports apps and websites in India and has inspired entrepreneurs to dream big when it comes to fantasy sports platforms.
The growing user and revenue numbers have unveiled the unparalleled potential of fantasy sports worldwide. So if you have been thinking to pitch this phenomenally growing industry, take the plunge and take your next step to build a fantasy sports app just like Dream11.
Why should you consider creating a website like Dream11?
# Fantasy sports are legal
In a decisive case in 2017, the Supreme Court held the ruling of a state high court in favor of Dream11, calling its fantasy sports format a game of skill. Though, there are no specific laws that define fantasy sports in India, due to which fantasy sports are regulated by the Federation of Indian Fantasy Sports (FIFS). Self-regularisation norms for the Indian fantasy sports industry is set up by the federation until the government comes out with any standards and laws.
# User base in India
According to Statista, there are over 560 million internet users in India, making it the second-largest online market in the world, ranked only behind China. It was estimated that by 2023, there would be over 650 million internet users in the country. Various sources reveal that there are 90 million fantasy sports players in India alone. This also means that two out of three sports fans in India are aware of fantasy sports.
# Growing cricket fans
India is a cricket frenzy nation and cricket fans always want more. They will do anything to keep engaging with the sport regardless of their social status, time of the year, or season. There are 200 million people consuming cricket online in India and this demographic needs to be tapped.
# India is becoming a gamers’ hub
As per a news piece in The Economic Times recently, more than 222 million active gamers spend an average of 42 minutes playing mobile games every day over five sessions. India is one of the top five gaming markets in the whole world in terms of the number of gamers.
What can you consider before building a platform like Dream11?
# Scope of the platform
Dream11 hosts fantasy games in four types of sports. Always determine the scope of your website or application in terms of several sports and types of. This helps you determine the budget later while also keeping your development partners on track.
# Choose experienced development partners
Choose partners who have built successful fantasy sports platforms and who also have partnerships with relevant industry leaders. For instance, Vinfotech has delivered several fantasy sports websites and mobile apps in more than 20 kinds of sports and gameplay and has partnerships with FSTA and leading payment gateways.
With the latest product upgrade, we have launched SportsHub- a one-stop solution for all the engagement needs of fans. Vinfotech is committed to providing high-quality solutions to our clients venturing into the gaming space.
# Think about a complete product, not just a website
Your development partners should be able to guide you through the whole process of building an MVP (minimum viable product) and help you build an entire fantasy sports product. Once you roll out the MVP first, you will have a clear validation from your targeted customers to help you determine your launch strategy.
# Scalability
Scalability is essential in that it contributes to competitiveness, efficiency, reputation, and quality. Fantasy sports businesses must be particularly mindful of scalability because they have the biggest growth potential and need to maximize the return with resources. Your product should be able to handle traffic smoothly along with having a great user experience.
What Technology Stack is Used in Fantasy Sports App Development
Choosing the right set of tools and technology is very important whether you go for fantasy cricket website development or app development. Before finalizing any development partner always ask them the technology they will be using while developing the solution for you.
Here are some of the most popular technologies that are used in online fantasy cricket app development or website development:
How Much does it Cost to Develop a Fantasy Cricket App like Dream11?
Now the cost of fantasy cricket app development depends on various factors like:
All these above factors will bring in a massive difference in the overall cost of getting a fantasy sports app developed.
An app like Dream11 will cost you around $10,000 to $20,000 for a single platform like Android or iOS. But if you choose to get it developed for multiple platforms with advanced features, it may range you $25,000 to $35,000 or even more, depending upon the fantasy sports app development company you choose and your requirements.
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