Sports like cricket and football are not just treated as sports in India, the UK, Europe,and many other countries but are treated as a religion. People are ready to give up on anything and everything just for a game of soccer or cricket. With the sports love taking a toll over people, everyone at some point of time in their lives aspires to become a sportsperson but are not fortunate enough to get their aspirations turned into reality. That’s why we guess the concept of fantasy sports was introduced to the world.
Fantasy Sports can be defined as virtual games wherein the users are allowed to participate in on-going matches,and the bonus part is they are rewarded with prizes and bonuses for their participation and performance.
MyTeam11 is a fantasy sports platform that allows the people using its services to become a part of on-going sports games and based on the performance of the users rewarding them with bonus amounts. The game requires people use their analytical skills to pick players who they think can outperform others.
Fantasy Sports have been gaining wide popularity among people from the pastsometimes,and people are looking for applications that serve this purpose with the best rewards and playing experience. Let us have a look at the market base of MyTeam11
revenue increased by 27% in 2018
are covered across 650 towns and cities
in 3 separate rounds of funding
sold tickets in 2018 in India
MyTeam11 is a fantasy sports platform offering fantasy cricket, fantasy football, fantasy kabaddi as of now. The MyTeam11 platform allows the people registered on its platform as their users to participate in an on-going match with their own teams. The platform enables users to pick players from both the teams to create their own team predicting which player can play well in the match. Further, as per the fantasy sports definition, the users are awarded a prize for their performance.
The platform was introduced back in the year 2015 to market as a newbie in the world of fantasy sports,and today it is recognized as one of the leading players of the market.
Fees & Commission: The first and the primary method of revenue generation through fantasy sports app is the fees and commission charges. The platforms offering fantasy sports charges a certain percent of service tax and platform fee from the users.
Advertisement: The other mode of revenue generation is the advertisements running on the platform. Advertisements on the platform play a crucial role in the revenue generation of the organization on the basis of pay per click formula.
Brand Promotion: Fantasy sports application like MyTeam11 often earn their revenues through other means as well which comprises Brand promotions. They collaborate with various wallet organizations and launch bonus offers on their platform that helps them in promoting the brand and generating revenue for their platform.
If you wish to rule the fantasy world like a pro, then this is your chance to join the business world. With the growing popularity & love for fantasy sports among people, the fantasy sports market seems to be a good option for pursuing your dreams to become successful.
If you are looking for someone who can help you to develop a fantasy sports application like that of MyTeam11, then you are on the right track. Our team of expert designers and developers are here to help you build your dream web and app.
The total cost of developing a fantasy sports application like MyTeam11 will be around “Price.”Let’s have a look at the detailed development cost of the application
|App Users||Registered Users||Admin Panel|
|Basic Features||Splash Screen||Login|
|Registration/ Login/ Signup||Dashboard|
|Phone Validation/ Forgot Password||Manage Users|
|Search Locatiion/ Movies/ Advanced Search||Manage current and upcoming Events|
|Book movie tickets/ Seat Selection with Layouts||Settiings|
|Check Out/ with Ticket Summary||Manage Wallet/ Withdrawals|
|Payment Option/ Pay Later/ Ticket PDF||Manage Orders|
|Booking History||Manage vendors|
|View/ Apply Coupons|
|Upcoming events/ Push Notifications|
|Feature-Cost of On demand ticket booking app||USD 32000- 35000 for both iOS+Android|
|Add-on Features||Loyalty and rewards||ManageTransactions|
|Mobile wallet integration||Dashboard Analytics|
|Support Chat||Customer Analytics|
To conquer the fantasy sports world with an interesting application like MyTeam11, it is necessary that your app is up to the mark to fulfill the expectations of your market base. To develop a splendid application like MyTeam11, the required resource team comprises of:
2 iPhone App Developers
2 Android App Developers
1-2 UI/UX Designers
1-2 Web (Frontend + Backend) Developers
1 Business Analyst, 1 Quality Analyst and 1 Project Manager
Highly professional and experienced app developers
Creative and dedicated UI/UX developers
Regular meetings, discussion,and consultations on app development & growth
Abiding by Apple & Google Play store guidelines while developing the app
Fantasy sports are virtual playing methods wherein the user participates in a game with his/her own to win rewards. Despite the offering of money and bonus prizes at the end of the game, fantasy sports do not fall under the category of gambling.
In accordance to an act defined the Central Government (India) mentioned as the Public Gambling Act, 1867 which comprises of 18 Sections, thesection 12 of the act states, “Nothing in the provisions of this Act contained shall be held to apply to any game of mere skill wherever played.”
Thus, fantasy sports are considered to be a game of skills rather than a mere game of chance and thus, falls beyond the boundaries of gambling & betting.
So, this is your call to get your own fantasy sports application like MyTeam11 developed and join the business world to rule it.