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The popularity of fantasy sports apps and Websites is spreading throughout the world. However, the US remains one of the largest markets for fantasy football, with more than 56.5 million players participating annually. Football is one of the most popular fantasy sports in the world and if you are interested in starting a fantasy sports business, you should definitely include football in it. You can definitely benefit from this from the very beginning of your business. Among the many ways in which daily fantasy sports are used around the world, the fantasy sports market is the most popular. For a start-up looking to enter the sports industry, it may be a lucrative opportunity as they may have innovative ideas relating to fantasy sports platform features.
The growth of fantasy sports apps and websites has been accelerated by the advancement of mobile technology. According to a survey, most respondents preferred mobile devices over PCs for fantasy sports. Every year, there will be an exponential increase in the number of mobile users.
Market Statistics of Fantasy Sports App Development Company
Fantasy Sports App Development: With so many fantasy sports apps and websites competing for attention, adding new features can help you get a great fantasy sports audience. Currently, people are looking for more rewards and features that will enable them to have a better experience. You must remain current with the latest trends in your field of expertise.
We would like to take a moment to highlight some of the most recent news and updates before diving into the latest features:
- Market size is expected to reach $38.60 billion by 2025 at a compound annual growth rate of 14.7%
- In a Series B funding led by SoftBank's Vision Fund 2, NFT fantasy soccer platform, Sorare, has raised $680 million
- On Wednesday, Facebook announced the launch of Facebook Fantasy Games
- In Arizona, DraftKings and FanDuel are the first daily fantasy sports sites to launch
- It has been announced that the top soccer league in Spain will launch NFT fantasy football cards for its players
Let's quickly take a look at the top six must-have features for fantasy sports platforms after learning what's happening in the world of fantasy sports.
Also read: How much does it cost to start a sports betting company in India?
Top Features Sports Websites Must Have
It is important for a fantasy sports platform to have certain functionalities and features when it goes live on the World Wide Web in addition to the general gameplay elements, such as the lobby, draft, live scoring, leaderboards, player cards, etc.
Socialization skills
One of the major dilemmas of the industry is the fact that users compete against each other in fantasy contests. Due to this, most of the platforms do not provide them with the opportunity to socialize or interact with one another. Besides this, social media platforms do not provide a platform for players to display their achievements. Users are enticed to play fantasy sports because of the sense of achievement and accomplishment they experience. In addition, it provides them with an opportunity to demonstrate their knowledge of the real game. This is the reason why it is worthwhile to invest resources in creating a social world within the fantasy platform and connecting it to outside social media networks. You will not only be able to market your fantasy sports platform, but you will also be able to assist users in creating a community of daily fantasy sports players.
An intelligent backend/admin system
We mean what we say when we say intelligent! We are discussing backend platforms that allow platform owners to make informed decisions. The backend of the application should be capable of presenting data, analyzing it, and giving recommendations to the administrator. Consider, for example, an admin panel that gives you daily updates regarding the type of games your users are interested in playing. As a result of such data, you will be able to create more such games to fill your lobby. Your admin dashboard provides you with the data and statistics you need to run a successful fantasy sports business. Fantasy sports business owners can benefit from integrating an admin dashboard.
Systems for referrals and bonuses
Some fantasy sports players are in search of referrals and bonuses. Referral marketing is a component of affiliate marketing. Platforms such as DraftKings and Fanduel follow this approach of attracting a high level of user engagement. Referrals enable users to earn additional points when they refer a new user with their unique referral code. In this strategy, you take advantage of your existing users to increase the number of players on your website. Is there anyone who would not enjoy receiving free points? It is important to consider adding this feature to your website in order to increase foot traffic. On the other hand, bonuses serve as the cherry on top of the cake.
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Competitions for all levels (beginners, intermediates, and experts)
It should be regarded as a mandate in the new Fantasy Sports 2.0 regulatory environment. Identifying and categorizing amateur, mid-level, and professional fantasy sports players makes perfect sense. It is possible to create dedicated games for them after categorizing them. On the player's profile, it should be indicated how many games he has played and which category he belongs to.
Your bond with the users will be strengthened if you keep it transparent to other players. Thus, a fair game will be played while users with similar skill sets will be able to confirm matches between them. This demonstrates that you are concerned about all categories of players and are not solely focused on one type of player in order to increase your sales.
Badges of achievement
In fantasy sports platforms, achievement badges are an important feature that ensures user retention. A badge assigned to a user's profile is most likely to encourage them to return to a platform. In addition, achievement badges can be shared on social media, taking this concept one step further. The purpose of this idea is twofold, the first of which is to boost the self-esteem of a user who has already received a badge. Secondly, you should encourage new users (friends and followers of the user) to register on your platform and play.
Feeds of live games
On the same fantasy sports platform, a sports fan can switch between fantasy and real mode. Live feeds of the real match-up and the virtual team's performance are great features to have. As a result, users are able to enhance their performance in the game as well as acquire the skills necessary to play fantasy sports.
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Conclusion: Features Sports Apps and Websites
It can be challenging to get the right features and tools to take your fantasy sports platform to the next level in this lucrative industry that is growing rapidly. To stay competitive, you can't miss out on these must-have features in your fantasy sports platform.
Providing high-end gaming solutions to businesses throughout the world is what Latiyal Infotech does best. We are a team of sports enthusiasts with more than eight years of experience in the industry. Whenever it comes to our software and solutions, we ensure that they meet the highest quality standards. Feel free to contact us if you require fantasy sports software solutions or sports betting platforms. The newest offering we introduced is our esports betting solution. Online casinos, lottery games, and many other solutions are also available.
