Dream 11 allow its sports enthusiasts to create their own dream team by selecting real-time players from upcoming matches – who they think would outperform, earn some points based on their on-field performance and win cash prizes and exciting rewards.
“The tradition of fantasy has never died; Fantasy Sports league gives a lot of enthralment to its anticipants”
The Growth Of Fantasy Sports Industry Is Obvious
- 2 out of 3 online cricket fans are aware of fantasy sports in India; unveils IFSG-AC Nielsen report.
- Around 1.8 crore users, Dream11 is the biggest player in India’s Fantasy Sports market.
- The gap between 67% awareness and 10% adoption ensures that the growth of Fantasy Sports Industry is obvious.
- Rapid growth from 2 million users in 2016 to 20 million in 2018 has been observed in the last two years.
- 89% of users play fantasy sports at least once a month.
- Users tend to spend 42 minutes a day playing fantasy sports apps.
- Fantasy sports mobile app revenue is expected to be $90 billion in 2019
From the business perspective, fantasy sports app is a superb start-up idea to invest – as the business model proves to be strong in terms of revenue through brand partnerships, contest sponsors, advertisements, and entry fees.
Why 2019 Is The Right Time To Invest In Fantasy Cricket Mobile Apps?
There are some good reasons to hire dedicated mobile app developer for your Fantasy Cricket App. Throughout the year 2019–20, a lot of cricket events in line, and hence to cash into this frenzy and get the revenues soaring, you must get it done with the assistance of best mobile app Development Company and growth value of your investment portfolio.
- Indian Premier League: The 12th season of the league will be held from March 29th to May 19th. Usually, the Twenty-20 IPL takes place in India, however, it is expected that in 2019 a part of the tournament may also be held in the United Arab Emirates owing to the Indian General Elections. Then, next year in 2020, the 13th season of IPL will be held.
- International World Cup ODI : International ODI Cricket World Cup will be held in 2019. This will be the 12th edition of Cricket World Cup and is being hosted by England and Wales from May 30th to 14th July. This event occurs once in every four months and it is expected that it will break all records related to fantasy cricket business.
- Big Bash League: Australian professional T-20 cricket league commences on December 19, 2018, and will finish on February 17, 2019. This is again a prominent cricketing event and immense participation of fantasy cricket lovers is expected during this league. Also, it takes place every year, hence there are immense opportunities in this arena as well.
- World Cup T-20: The seventh edition of the World Cup T-20, will be held in 2020. This time it will be hosted by Australia from October 18th to November 15th, 2020.
How to Create a Successful Fantasy Sports Platform Like Dream11?
To create a successful business model fantasy sports app just like Dream 11, you should hire an intelligent and dedicated team of mobile app developer which could pull off all the required tasks. Besides programming and languages, the team should have to be deftly knowledgeable in developing a successful model of Fantasy Sports Platform.
Some highlights of features that were added in Dream11:
- Users can free sign up.
- Dream11 allow users to refer a coupon code to a new user during the signup process and earn a certain signup bonus.
- Referrals get paid certain bonus amount for referring.
- In every match, a user can make a team of 11 players of their choice from contestant teams with certain game rules of how many players you can select from each team and type (bowler, batsman, and all-rounder).
- While creating a new fantasy team, a user gets a certain budget that can be utilized to select a player of his/her choice. There is a cost associated with each player so the user needs to choose players within a given budget while selecting the best players for a team.
- Once a user finalizes a team and selects the captain and vice-captain of a team, it’s the time to join the contest by paying an entry fee and this is where Dream11 earns most of its revenue.
- Each contest has a certain winning amount and limitations. To create a dream team, users have to follow a certain deadline before which each interested user must prepare (and also edit) a team and join at least one contest to become part of this fantasy.
- Based on a contest and the number of teams joined the platform, the total number of teams will become the winner and what winning amounts will be distributed is decided.
- Similar to a real sports event; the platform announces a lock-in period. The same happens in fantasy sport where no new team enrollments and changes in teams are allowed during this lock-in period.
Aryabhata – Leaderboard Architecture of Dream 11
Source by: Dream 11
What Is The Cost Of Fantasy Sports Application Like Dream11?
The cost of developing a fantasy sports app may vary. If you hire a proficient fantasy software development team with considerable experience. it will definitely cost you a little high but surely they would suggest some great app ideas.
Let`s shed some light at the detailed bifurcation of this cost and corresponding features. Fantasy sports app platform will have two users in general:
- Registered Users
- Web Admin
App add-on features
Some Suggested Features For Fantasy Sports App!
- Chatbot API Integration: Our best dedicated mobile app developers can help you integrate custom API and Chat Bot for cricket, football or any sport. This feature will provide responses to users of almost all the possible topics and stats associated with players, teams, player vs team, team vs team and current updates (injury or other news).
- Machine Learning (ML) based Algorithm: We can also develop and implement machine learning based algorithm on your fantasy sports app platform to allow admin to set odds for the app users based on their behaviour patterns.
- Blockchain Based Secure Transactions: We have also created a successful portfolio in Blockchain based mobile applications. Our best mobile app development company can build a decentralized platform to monitor transactions for your fantasy sports business model. It will authorize app users and Admin in many aspects of payment processing.
IMPORTANT: In the final part of words, it is more important for you to know — the massive popularity of fantasy sports has led many countries to force it into a legal business. Seems like, fantasy games app platform is the future of the gaming apps.
The legal aspects of Indian fantasy sports say:
“The Public Gambling Act, 1867, comprising of 18 Sections, in Section 12 it states, “Nothing in the provisions of this Act contained shall be held to apply to any game of mere skill wherever played.”
In simple words, a fantasy sports app is away from the dark clouds of gambling.
So, what are you waiting for…!!
This global tournament seasons get the chance to become a successful entrepreneur.
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By revivalpixel - Mobile App Development