Sports has become one of the most preferred forms of entertainment across the globe! Be it football or cricket, businesses surrounding any form of sports are getting high ROI. One of the latest add-ons in the series of such niches is the fantasy sports business. However, unlike offline fantasy sports, today the fantasy sports industry is relying heavily on online platforms. One of the recent examples is to build a fantasy sports website.
If you are a businessman seeking a way to enter the fantasy sports industry, this blog is just for you! In this write-up, we will discuss how to build a fantasy sports website in just a few easy steps and everything about its concept and market. So without wasting any more words let us dive straight to the main event!
Read this blog until the end as we have included some bonus points to help your business flourish quickly!
Table of Contents
Fantasy sports in layman’s terms is an event that is held on online platforms. Fantasy sports websites are one of the most prominent online platforms where a user role-plays the role of managing a sports team. The user creates his virtual team by choosing the actual players based on their performance and statistics of their past games. As the chosen players perform well, the user gains fantasy points and the points ultimately reward the user in monetary forms.
All this coming together gives the user a feeling of being a participant in top sports events. This technically works as dopamine for the user, ultimately engaging the user for a longer period. The user base of fantasy sports games is on the rise and starting a business with your own fantasy sports website at this point will be a rewarding decision. Check out the following points that explain the process of creating fantasy sports websites.
The size of fantasy sports was valued at $30.95 billion in 2023 and is expected to grow to $87.07 billion by 2031 at a 13.80% CAGR during the forecast period (2024-2031).
The market of fantasy sports has experienced significant growth in recent years and is continually rising with its upward trajectory. The proliferation of smartphones and high-speed internet are two of the reasons behind the market’s growth and the popularity of sports leagues worldwide. This digitization has made participation and team tracking easier for fans in real time.
Creating a fantasy sports website assures high ROI, check the following easy steps to create a fantasy sports website for your business:
Market research is the most important step to consider before starting any business. Similarly, before building a fantasy sports website you should conduct in-depth research on the market. By analyzing your competitor and their actions you can get a brief idea of what steps you should consider in the development process and what not. Take the help of SWOT analysis and other market research techniques like surveys and interviews.
Also Read:- What is the Best Time to Launch a Fantasy Sports App and Website?
Once you have conducted your market research, it is time to execute the process of planning and finalizing your fantasy sports website concept. At this stage, you will figure out in what category your website will fall into.
These are some of the different types of fantasy sports categories that you can choose from for your website.
After finalizing the concept now is the time to find a reliable fantasy sports website development company. Conduct thorough research and choose a company that fits all your requirements. For instance, the company should be aware of the industry standards, and the latest technology. A company that fulfills these two requirements is capable of entering into your bucket list. But don’t stop here! Make sure you go through their portfolio, catalog of their products, and case studies.
Once you are satisfied with all the details, select the fantasy sports website development company and begin your fortune-filled journey.
One of the first things that an individual will experience as he visits your fantasy sports platform is its user interface (UI). Ensuring an immersive experience for the user should be the priority. The work of your hired fantasy sports website development company will begin now as the developers initiate the wireframing and mocking process. Eventually, the UI step will be accomplished by skilled developers, ensuring a decent first impression of your fantasy sports platform.
Although, there are many features you can add to your fantasy sports website, that will only ruin the platform. Instead, you should only include some selective features for the user and admin that are useful. Check out the list of features you should consider for your fantasy sports platform in the table below.
To enhance the overall experience of your website you should integrate elements like a payment gateway, leadership board, performance analysis, and 3rd party API integration. The payment gateway will ensure a smooth payment and withdrawal for the user, whereas the leadership board and performance analysis will help the user look over his performance. Lastly, the 3rd party API integration will enable your website to update the latest information about a sports event in real time.
Finally, the moment will arrive when your fantasy sports website will launch after all the steps are completed successfully. However, before launching your platform for the public an essential step of testing should be conducted with utmost sincerity. At this stage, different tests like speed testing, browser testing, and broken link testing should be conducted to ensure that your platform is ready for deployment!
One of the most important parts of launching any business is promoting it. Today, there are numerous ways by which you can advertise your fantasy sports website to help it reach a wider audience. Social media marketing and influencer marketing are the most trending forms of marketing in today’s time. However, offering attractive offers to the users in the initial days of your business will play an impactful role in increasing the user base on your platform.
★ Bonus Tip ★
Search engine optimization is a crucial step. In today’s digital era ensuring the right SEO practices can rank your website in Google’s SERP. This will bring more traffic to your website and increase the user base. Also, make sure that your website can handle huge traffic loads as usually such websites have millions of traffic.
There is no fixed cost of creating a fantasy sports website. However, it starts at $10,000 with basic features and functionalities. The cost increases with an increase in features and graphics. You must contact a fantasy sports web developer to know the exact cost of your project. You must also note that several factors affect the development cost. Let’s know them.
Also Read:- How Much Does It Cost to Develop a Fantasy Sports App
The major factors influencing the fantasy sports website development are listed below.
The development company’s location has a great influence on the cost of creating the website of fantasy sports. Developers from the US charge much more than developers from Australia and Hong Kong.
Experience plays an important role in the web development. Hence, it also impacts the development cost. A less experienced developer team will cost less than a well-experienced team. But, a well-experienced developer team is recommended as they will build your website more effectively and efficiently.
A tech stack is a set of tools and technologies that are used to build and run the app/ website. The tech stack influences the development cost. This is so because it affects the cost of hiring web developers with the right skills.
The more features, the more the development cost. A lengthy list of features will increase the overall cost of your project. It is recommended that you choose the appropriate features for your fantasy sports website to keep the cost lower.
Complexity is a factor that determines how intricate a process is. The complexity affects the overall development cost of your fantasy sports website.
Here is the list of the technology stack used in the development of fantasy sports site:
| Technology | Tools/Stack |
| Mobile Technologies | Java, Flutter, and Swift |
| Web Technologies | WordPress, Bootstrap and Laravel |
| Javascript Framework | Angular.js and Node.js |
| Database | MongoDB and My SQL |
| UX/UI | Adobe Illustrator and Adobe Photoshop |
BR Softech is a leading fantasy sports website development company that came into existence in 2012. Before stepping into the highly profitable fantasy sports industry it is important to get a good clarity on the business and what it will bring on board for you! Get a free consultation by calling our expert by clicking on the Contact Now button below. Learn everything about fantasy sports website development and create your own fantasy sports website!
Before launching your fantasy sports business you must check the rules and regulations of your target jurisdiction, and whether fantasy sports websites are allowed to operate in that region.
Ans. Earn money by creating a fantasy sports website development from the following points:
Advertisement
Entry-fee
In-app purchases
Free leagues (it helps increase the user base)
Ans. Certain factors decide the final cost of developing a fantasy sports website. But if we have to make an estimate, the cost would come around $5,000 to $10,000 with basic features.
Ans. The following factors decide the final cost of a fantasy sports website development:
Number of features
Location of the development company
Experience of the developers
Complexity of the project
Ans. The common stock used in developing a website for fantasy sports includes:
Java
Flutter
Swift
WordPress
Bootstrap
Laravel
Ans. According to Statista, in the financial year 2022, the revenue of the fantasy sports market in India was Rs. 68 billion and it is estimated to continue growing and reach the revenue of 253 billion Indian rupees by the fiscal year 2027.
Ans. Yes! Starting a business in the fantasy sports industry can be a high-rewarding decision! Dream11, My11Circle, and DraftKings are some of the great examples of successful fantasy sports apps or websites. Want to know more? Get a free consultation with our expert through our website or phone number.
