Why is Fantasy Cricket Website Development Crucial in 2023?

Dream 11 is, without a doubt, the most loved fantasy sports software development today. No one should be surprised that Dream 11 is the undisputed king in the industry. Dream 11 was created in 2008. It harnessed the passion fans felt for sports and stars to make it a giant of the online gaming industry.

Dream 11’s success paved the way for others with similar goals to enter the business. As a result, billions have been invested in developing gaming apps.

The OFSP sector can make a lot of money. More innovative investors are already affiliating themselves with app development companies to reap the benefits of this lucrative market.

But, it’s not easy to achieve the success Dream 11 achieved. It is not guaranteed that your app will generate much revenue within a few days. Dream 11’s success was mainly due to its intuitive app, which incited engagement and pure joy among users.

It was groundbreaking in creating an environment within its app that rewarded predictions with the chance of winning attractive prices. You must make a mobile app that connects with your prospects. This is something that all entrepreneurs must do.

This article will cover all the basics of building a website similar to Dream 11.

Today’s Fantasy Sports Business Landscape

Fantasy Sports software development is one of the fastest-growing industries in the world. With a CAGR of 13.2%, the industry will surpass the $33.2 billion benchmark by 2025. This is quite remarkable.

In the last few years, the world has seen rapid growth. In five years, the industry has seen nearly three times its growth. As of 2020, the industry’s revenues have surpassed 16000 crores.

Investors should seriously consider building a robust fantasy sports mobile app to ensure a good return on investment. 

What is Fantasy Sports Apps, and How Do They Work?

We have a detailed explanation of fantasy sports apps for those who don’t know what they are. Unlike other gaming apps, the fantasy sports software or app lets users play their favorite games in real-time. This app allows sports fans to play in virtual reality instead of in the real world. They can choose their stakes, create their team and earn rewards and cash prizes.

Fantasy cricket website development focuses on one sport. Others may have multiple sports within a single app.

Here’s a list of popular fantasy sports apps from India and around the world:

Global Fantasy Sports Apps

• CBS Fantasy Sports
• DraftKings
• ESPN Fantasy Sports
• RealFevr
• Yahoo Fantasy Sports

Fantasy Sports Global Market & Trends

Meanwhile, the increased usage of smartphones and high internet penetration will rise, according to the Global Fantasy Sports Market report.

Similar to the previous report, the fantasy market is expected to grow by $6.11 billion in 2022-2026, according to this report. This forecast period will see a CAGR (CAGR) of 6.51%. The combination of high internet penetration and the rising use of smartphones affordably has led to an exponential increase in the number of fantasy sports players.

The rise of fantasy sports website development allows fans and us to play games like Fantasy cricket, Fantasy football, Fantasy Basketball, Fantasy baseball, and Fantasy Cricket.

Other related facts about Fantasy Sports are:

• 53% of fantasy sports players use their smartphones primarily for this purpose.
• 54% of fantasy sports users are between 18 and 34 years old.
• Basketball, NCAA Football, and Baseball are popular fantasy sports software development.
• The fastest-growing business in the world is the fantasy sports app.
• At a 14.7% CAGR, the global fantasy sports market will reach $38.60 Billion in 2025.
• Seven million people play fantasy sports every day.
• 53% of players use their smartphones to play fantasy games.
• With 20 million+ users, Dream11 is the most downloaded fantasy sports app.

Also Read – Fantasy Football App Development – Overview, Features, Cost, and Whatnot

Considerations when developing a Fantasy Sports Website/App

A smoothly running fantasy sports software or app is essential to attract users.

1 – Data is the Key

It is crucial to distinguish between gaming apps and fantasy sports software. Fantasy sports are more cerebral than video games. The player’s ability to manage critical data such as leagues, player information, team performance, and their form is crucial to the game.

It is vital to give users a way to analyze the data quickly. The app or website should have all the information they need, such as the news section, player profile, and performance graphs.

2 – An intuitive interface

The 5-Second Rule is a famous principle that app designers follow. This Rule stipulates that an app must grab a user’s attention within 5 seconds of them logging in to it. If the app fails to capture users’ attention within 5 seconds of their arrival, they will move on.

An interface that provides instant insight is a great way to grab your users’ attention regarding fantasy sports apps. An interface that provides quick insights will keep your user interested in the app and encourage them to explore it more.

3 – Scope of the Platform

Dream 11 is an app that offers multiple sports options to suit different preferences. Therefore, it is essential to determine the scope of your platform in terms of the number and types of sports it will offer. This will give you a robust foundation to work with your partners and help you determine the budget necessary to realize your development goals.

4 – Simple Scalability

The Fantasy Sports Business has a constant upward trend in growth. Therefore, it is essential to consider the ease of scaling such apps. It should be able to handle massive amounts of traffic quickly. In addition, it should accommodate more users and diversify the product by offering different contests and sports.

Also Read – The Future of Sports App Development: What to Expect in the Coming Years?

How does Fantasy Cricket App work like Dream11?

It is essential to know how Dream11 works before you invest in an app development solution for fantasy cricket website development like Dream11. Only after you have a basic understanding of app development, you can find the best mobile app developer for your project.

Dream11 is more than a fantasy cricket app. There are many other games that sports fans can play. It’s effortless to use this virtual gaming environment. You must find your favorite sports and create your team by selecting the players.

Here are some steps that users should follow when using this app

i) Select the Sport

After logging in to the app, users can choose their favorite sport. After selecting a sport, the user can choose the league that interests them.

ii) Building a Team

You need a team to play fantasy sports such as football or cricket. This is where users can pick and choose their players and build their teams.

iii) Deciding the Captaincy

In the real world, there is no team without its captain. The same applies to virtual gaming. Therefore, the users will choose the captain and vice-captain.

iv) Make multiple teams

Players can form multiple teams or even separate teams for different tournaments. In addition, they can choose whether they wish to join a particular unit.

v) Management of Team

You can change your team anytime, just like in a cricket match. You can also track and analyze your teammates’ performance.

vi) Reward

Without rewards, there is no joy in any game. Each team can earn a reward for performing well. This reward can be shared among the players. The team that receives the most compensation is declared the winner.

How to make money from Fantasy Sports Software or Apps like Dream11?

Before you venture into online fantasy Cricket website development, it is crucial to understand how these apps make money. The sole purpose of creating an app is to make money. And cricket is a top-rated game, especially in India. This sport is a massive hit in India. So it is easy to make money with the fantasy cricket website development. Here are some ways to make money with your fantasy sports software or app.

Advertising

Many people are curious about how free apps can make money. Advertising is the best way to find out. You can advertise other products or sell empty spaces on your apps and websites to make money. These are some of the most popular forms of advertisement:

• Native Ads
• Interstitial Ads
• In-app Video
• Reward Videos

Brand Promotion

Collaborating with other brands in the same niche can help you promote their products on fantasy sports software, apps, and websites. This feature is one of the best ways to make money with fantasy apps.

Fees

Many sports apps, such as Dream11, use this business model. Although the app is free, you will need to pay a small fee to participate in any league or tournament. The fantasy cricket app development company saves some costs and distributes the rest to the players as rewards.

Subscribe

Some apps use subscription models to make money. For example, premium app users don’t have to pay match entry fees every time, but they can subscribe and play unlimited leagues and tournaments.

Dream11 is a free app allowing players to view ads without restrictions. However, they now only earn from the fees model. A professional Fantasy cricket app development company can help you determine the best revenue model based on your needs.

Features and Functionalities

Different features and functionalities would be available to meet the needs of both the user and the administrator. These features and functionalities are listed below: 

Users

1. User Log-in/Registration:

These details will allow the user to log in to the website later. 

2. Home Screen:

It is essential to be clear about the default screen design the user sees when logging in to the site. Search can provide all match-related information. 

3. Contests:

This feature allows users to view the match’s contents and details. These contests can be filtered by contest type, winning range, size, and entry fees range. You can find information on each contest, such as the name of the contest, winner count, winning amount, and entry fee. 

4. Participate in the Contest:

Participants can choose any contest they wish to enter and pay the entry fees. 

5. You can create your contest: 

They must submit the contest details, such as the contest name, prize amount, contest size, entry fees, etc. A great way to help the game succeed is to provide an invite button. 

6. My Contest: 

This feature allows the user to see their contestants for their game. The user can view/edit the team members until the match hasn’t started. 

7. Profile Settings: 

This feature allows users to see and modify their profile settings. You will also be able to find your transaction history, including details on how you added cash, balance, rewards points, and managed payments. 

Admin Panel

1. Log in as an administrator:

The admin will add his username and password to log in to the website.

2. Dashboard: 

This dashboard would allow the administrator to easily access details such as total matches, total contestants, and earnings.

3. User manager: 

This feature allows the admin panel to access and manage the user account from their end. This feature allows you to add, delete, edit, activate, deactivate, or modify reports.

4. Manage matches: 

The administrator could add, delete and edit games from the website’s backend.

5. Manage categories: 

Only the administrator can manage these games.

6. Contest manager: 

This is the administrator who can manage all match contests on this website. They would have the right to add/delete/edit/active/deactivate any match contest.

7. Earnings: 

Any user who uses the website can view their total revenues. You can view them in a custom format by using various filters. An administrator is authorized to manage payment.

8. Manage reward points: 

The administrator can view the user’s reward points.

9. Manage cash bonus: 

The admin panel manages cash bonuses and prizes for participants.

10. Manage Reports: 

The admin panel can also earn reports, contestant and match reports, contest reports, etc.

11. Bank withdrawal request management: 

Only the admin can see participant withdrawal requests, accept or reject such bids, and pay the winning contestant.

Additional Features can help ensure the success of such game websites. These include:

• Live Score: You can enable the game highlight and live scores for various matches.
• API Integration: Fantasy cricket website developers can use ready-to-use data through this API integration.
• CRM Integration: Integrating it to a backend provider can allow for easy ticket management and many other benefits.
• Push Notification: Users can receive push notifications about team creation, match timings, and additional information.

Technology is required to create an app like Dream11

• Kotlin for Android App Development
• Swift for iOS App Development
• Node.js Backend Development
• AWS or Azure for the Cloud
• SQL, MongoDB, or Cassandra database
• Azure Stream Analytics for real-time analytics
• Notifications via Google Cloud Messaging or Apple Push Notification Service
• Chat with Socket.io
• Integrate the Live Score API
• FIFS License or Certification (for creating an ethical gaming platform).

What is the cost of developing an app like Dream11 for iOS?

Creating an app like Dream11 that supports multiple platforms and has all the advanced features may be more expensive.

Also Read – How Much Does It Cost to Develop a Mobile App?

The fantasy cricket app development company you choose will also affect the development cost of Dream11 apps. So, try to find a tech partner like Techugo, which finalizes the cost per various factors influencing it. Such as: 

• App development platforms (Android and iOS)
• App development complexities
• Features in your app
• APIs from third parties
• UX/UI elements
• App development team size
• Time required to create an app
• App development area

Get in touch with experts to learn about our fantasy sports game development. 

Fantasy Sports software or app is a big buzzword in the digital age. This app allows entrepreneurs to tap into their passion for games such as cricket, football, and baseball.

The youth have a great obsession with sports, which has prompted companies to venture into Fantasy Game Application Development. Virtual fantasy sports apps allow users to escape the stress of their daily lives and immerse themselves in a virtual world that will enable them to play and earn cash prizes and rewards. In addition, we hope you’ll gain valuable insights into the development of fantasy sports apps, their cost, and other potential outcomes.

If you have an original app idea and want to create an app similar to Dream11, get started with Techugo in this competitive and ever-evolving market of fantasy sports apps. Contact us to launch your fantasy sports app.

Techugo, a well-known fantasy sports app development company. Our technical expertise and industry experience allow us to transform your idea into a winning fantasy sports software or app.

It’s never too late. Get a quote from us by calling today.