{"id":4865,"date":"2019-04-11T07:01:47","date_gmt":"2019-04-11T07:01:47","guid":{"rendered":"https:\/\/www.arkasoftwares.com\/blog\/?p=4865"},"modified":"2024-03-13T12:15:13","modified_gmt":"2024-03-13T12:15:13","slug":"fantasy-basketball-mobile-app-development-cost","status":"publish","type":"post","link":"https:\/\/www.arkasoftwares.com\/blog\/fantasy-basketball-mobile-app-development-cost\/","title":{"rendered":"Fantasy Basketball App Development Cost, Market and Key Features"},"content":{"rendered":"

I was shocked by an astonishing report by Forbes in 2018<\/strong> stating, the most recent season of NBA season had bagged $7.4 billion<\/strong> for the teams. That is a whopping 25%<\/strong> hike from the previous season. And why 25%<\/strong> is a huge deal NBA? <\/span><\/p>\n

Because in the same report, the most famous sport of America, NFL, experienced 7%<\/strong> of a surge in the revenue. Needless to say, Basketball is offering fantasy basketball games a nurturing and thriving atmosphere.<\/span> I thought of a different beginning of this article. But all the beginnings were overshadowed by a multi-billion fantasy sports industry making more billions every year.<\/span><\/p>\n

Coming to the point, the <\/span>Fantasy basketball app\u00a0market depends on the lifespan of sports popularity. Are raising numbers of present intimidating enough to convince potential investors of the future? Why should you invest in a fantasy basketball application? <\/span><\/p>\n

How fantasy basketball app will help you to earn bigger bucks? How to build a fantasy basketball app<\/a>? And how much does it cost to build a fantasy basketball app?<\/span><\/p>\n

<\/span>So many questions!<\/span><\/span><\/h2>\n

I will answer them all, one by one. First of all, we need to understand the dynamics of both the NBA and Fantasy sports markets separately and then together.<\/span><\/p>\n\n

<\/span>Where Does The NBA Stand Today?<\/span><\/span><\/h2>\n

A true American sport that is destined to spread its wings all over the globe and it has started to happen. Since its inception in 1949 NBA<\/strong> and despite its initial financial troubles, the popularity of the NBA grew gradually at first and then skyrocketed to $7.4 billion<\/strong>. So unarguably NBA stands in a very solid position today.<\/span><\/p>\n

\u00a0 \u00a0National Basketball Association Total League Revenue From 2001\/02 to 2019\/20 (In Billion U.S. Dollars)<\/em><\/span><\/strong><\/span><\/p>\n\n

\"Fantasy<\/span><\/p>\n\n

Fortune suggested that by the year 2029<\/strong>, revenues to NBA will reach the mark of, *drumroll* $68 billion<\/strong>. But you might be tempted to ask, will NBA be successful enough to stay true to these projections? I will answer that in a bit.<\/span><\/p>\n\n

<\/span>Is Fantasy Sport Really Catching Up? <\/span><\/span><\/h2>\n

When there are more than 60 million<\/strong> active users in America and Canada then \u201ccatching up\u201d is barely a question. The number was just 500,000<\/strong> in 1988<\/strong> and in 2017<\/strong> it has come to 60 million. <\/span><\/p>\n

Eilers Research CEO Todd Eilers estimates that daily games will generate around $2.6 billion<\/strong> in entry fees this year and grow 41%<\/strong> annually, reaching $14.4 billion<\/strong> in 2020<\/strong>.<\/span><\/p>\n

Can you imagine, by just game entry fees, fantasy sports apps<\/strong><\/a> will generate billions in 2020<\/strong>?<\/span><\/p>\n\n

Fantasy Basketball: Endless Possibilities<\/span><\/h3>\n

We have just talked about two industries making billions every year with many more billions reserved in the future. Being the 2nd<\/sup> most popular sport in America, basketball has one advantage over all other sports, i.e. globalization of sports.<\/span><\/p>\n

\"<\/p>\n

Involvement of the NBA in \u201cBasketball without border,\u201d<\/strong> a global community outreach program, prove the point of how basketball is going beyond the borders. Believe it or not but the NBA is promoting basketball in India. China has millions of active basketball fans.<\/span><\/p>\n

This statement should answer whether the NBA be able to stay true to the optimistic projections or not.<\/span><\/p>\n

Fantasy sports itself has millions of fans in the USA alone then one can only imagine how big this market would be for fantasy basketball applications<\/strong><\/a>.<\/span><\/p>\n\n

<\/span>Why Fantasy Basketball App Is A Profitable Investment?<\/span><\/span><\/h2>\n

Compared to any other sports in the USA, the NBA has the youngest audience. According to Forbes, the 2017-2018<\/strong> season was the highest-rated season of the previous 5 years. All major TV networks like ABC<\/strong> and TNT<\/strong> had experience NBA\u2019s rating surge between 12-17%<\/strong>.<\/span><\/p>\n\n

\"<\/p>\n\n

What is shocking is, a large amount of this audience growth was young adults of age between 18-35<\/strong>.<\/span><\/p>\n

Here is the similarity, according to FSTA the average age of fantasy sports players is 32 years.<\/span><\/p>\n

Did you notice the pattern here?<\/span><\/p>\n

The audience of the sport and game shares the same age group. Hence, it gets easier to target the basketball audience with fantasy basketball apps.<\/span><\/p>\n

Basketball sport is famous among young adults. And with the help of the NBA\u2019s community outreach all over the world, it is certain that basketball is going to experience a massive surge in its audience.<\/span><\/p>\n

Now that we know the audience and user engagement is not the problem. Let\u2019s talk about how much money is in the market.\u00a0 <\/strong><\/span><\/p>\n

In May 2018, Legal Sports Reports showed that fantasy sports websites like DraftKings, fantasy FanDuel, FantasyDrafts, and Y<\/span>ahoo DFS had a combined audience of <\/span>37 million<\/span> and generated <\/span>$220 million<\/span> over the month.<\/span><\/p>\n

Here\u2019s more, all daily fantasy sports companies mentioned above raised around $1.2 billion<\/strong> in the year 2017. To show the contrast, in 2015, Disney invested $250<\/strong>, Fox Sports invested $300 million<\/strong> and in 2016, Revolution Growth invested $150 million<\/strong> in DraftKings<\/strong>.<\/span><\/p>\n

The statistics and audience invoke optimistic possibilities for the future of fantasy basketball sports apps. But let\u2019s try a pragmatic approach here. Now that we know about possibilities, let\u2019s understand the audience’s behavior towards technology. <\/span><\/p>\n

Is a fantasy basketball app worth investing in? Or let\u2019s get more subtle. Will people be using Mobile apps in the next decade?<\/span><\/p>\n

<\/span>How App Development Helped Fantasy Basketball Sports And Will It Continue To Help? <\/span><\/span><\/h2>\n

We all have witnessed an unprecedented evolution in the smartphone industry. Smartphones are getting smarter and more powerful every day. <\/span><\/p>\n

Smartphones have allowed us to do MORE with their abilities by being unbelievably compact and mobile. And this is where people started using their smartphones more frequently than a desktop.<\/span><\/p>\n

According to a study, between 2016 -2017<\/strong> smartphone usage grew 57%<\/strong> to 63%<\/strong>. Let\u2019s be more industry-specific, in the same year timeline, smartphone gaming has grown from 42%<\/strong> to 53%<\/strong> and it is significant growth. The growth is not going to lower in the future.<\/span><\/p>\n

\"\"<\/span><\/p>\n\n

The hardware technology has faced a massive makeover over the years. It is the apps that have always adapted to the platform. It is the reason I am hopeful that the hardware may change in many unexpected ways but the apps will only evolve into something more user-friendly and interactive interfaces.<\/span><\/p>\n

So yeah, fantasy basketball games apps<\/strong><\/a> are here to stay and grow and the popularity is already breaking all the records.<\/span><\/p>\n\n

<\/span>Features That Make Fantasy Basketball Apps Hard To Put Down<\/span><\/span><\/h2>\n

When you start playing fantasy basketball on your phone and the match starts. Imagine, Stephen Curry is in your team and just his classic shooting he does multiple 3-Pointers. What else does one need to make fantasy games even more exciting?<\/span><\/p>\n

A fan not only watches the game but becomes a part of the game when she is playing fantasy basketball.\u00a0<\/span>However, some features make fantasy basketball games even more addictive and exciting.<\/span><\/p>\n

Here are some of the features that make users get off the bench and play fantasy basketball. <\/span>These features are different for both users and admin.<\/span><\/p>\n\n

Read More: Fantasy Football-Soccer App Development Cost and Key Features<\/a><\/h5>\n\n

<\/span>Fantasy Basketball App Features For Users<\/span><\/span><\/h2>\n

Drafting a Perfect NBA Team<\/span><\/h3>\n

If you are to win a game then you need to have a great team. A strategic approach is necessary. This fact distinguishes sports betting from fantasy sports apps<\/strong><\/a>. Whereas sports betting depends on the chances, fantasy sports games are all about knowledge and strategy.<\/span><\/p>\n

The first step is to draft a team. Here you can get stats of all NBA players and check whom do you want in your team. Of course, you need to do a little homework to draft a team that wins for you.\u00a0<\/span><\/p>\n

The increasing demand for smartphones has opened the floodgates of opportunities for the app development industries.<\/strong><\/a><\/span><\/p>\n

Talking about valuation, according to research conducted by Ipsos Marketing for Fantasy Sports Trade Association (FSTA) in 2017<\/strong>, the Fantasy Sports industry<\/a><\/strong><\/span>\u00a0<\/strong>is growing in multiple folds. <\/span><\/p>\n