How to Develop a Sports Betting App

Investing in a sports betting app like FanDuel might have crossed your mind—and for good reason. These apps have proven highly successful and incredibly profitable, making them a compelling opportunity for entrepreneurs. So, if you’re here on this guide, you’re already halfway toward turning your dream project into reality. Also you can check out our 1xbet app review.

3 Reasons to Invest in Sports Betting Apps Like FanDuel

We’ve discussed why you should invest in sports betting apps like FanDuel or DraftKings. Let’s discuss:

1. Explosive Market Growth

The global sports betting market is growing rapidly and is projected to reach $65.14 billion by 2029, growing at a CAGR of 7.47%. Increasing legalization, technological advancements, and rising demand for mobile-based betting platforms fuel this surge. 

FanDuel, for example, has capitalized on this trend, becoming one of the leading platforms with over $1.5 billion in annual revenue. Investing in this market positions you in a lucrative industry with massive earning potential.

2. High User Engagement & Retention

Sports betting apps have maintained high user engagement due to their immersive features like live betting, real-time analytics, and social interaction. FanDuel reports that users spend an average of 45 minutes daily on their platform during peak sports seasons. 

Moreover, 81% of users of top sports betting apps actively place bets regularly, ensuring consistent revenue through transactional fees and promotional features.

3. Diverse Monetization Opportunities

Sports betting apps offer multiple revenue streams, including commissions on bets, subscription models, advertisements, and premium features. The U.S. sports betting industry generated over $7.5 billion in revenue in 2022, with platforms like FanDuel capturing significant market shares. 

As mobile adoption increases, it's estimated that 70% of bets will be placed through app, providing ample opportunities for profitability through scalable user bases.

Top 14 Features to Include in Sports Betting Apps Like FanDuel

Choosing the right features for your sports betting app is highly crucial to ensure your business success. We’ve listed the top features to consider when developing a sports betting application. Let’s check:

1. User Authentication

Implement a secure login and registration process for user accounts, including multi-factor authentication (MFA). To make the process seamless and convenient, provide options for social media login, email registration, and biometric identification. It will offer convenience and security. Also, ensure that the system checks the user's age in compliance with legal requirements.  

2. Betting Options

Offer a variety of betting options to cater to diverse consumer interests. Make sure to include single bets, parlays, teasers, over-under bets, and live betting. Expand into specialty areas such as player props (specific player performance) and futures (long-term outcomes such as championship winners) to generate more interest. 

3. Live Streaming

To keep your users engaged, include live broadcasting of sporting events within the app. Partner with sports broadcasters or use live streaming APIs to provide high-quality footage with minimal latency. Integrate this with live betting so people may place bets while watching the game in real-time.  

4. Real-Time Updates

Provide real-time updates on odds, scores, and events using APIs like Sportradar or Betgenius. This feature is essential for live betting since it enables players to make informed decisions as the game develops. Include a live ticker that immediately updates key events such as goals, fouls, and turnovers. 

5. Secure Payment Gateways

Integrate secure payment gateways within your sports betting app, including credit/debit cards, e-wallets like PayPal or Skrill, and cryptocurrencies for global accessibility. Ensure compliance with PCI DSS standards for secure payment processing. Add features like instant deposits and quick withdrawal options to improve user satisfaction.

6. Personalized Dashboard

Create a user-friendly dashboard that allows players to monitor their betting history, upcoming bets, profits, and account information. Include filtering and sorting options to facilitate navigation. Users can personalize their dashboards by choosing their preferred clubs, leagues, or sports. 

7. Multi-Language and Currency Support

Make your app more accessible by including support for many languages and currencies. This provides a localized experience for users from various areas. Currency converters and real-time exchange rate updates are included to ensure smooth overseas transactions. 

8. Social Features

Incorporate social features such as the ability to post bets on social media, form private betting leagues with friends, and track other users' betting strategies. Add a community chat option to encourage user participation and conversation. 

9. Gamification

Gamification features like leaderboards, daily challenges, achievements, and loyalty awards can increase user engagement. Provide incentives such as extra points or free bets for achieving specified tasks, such as placing their first wager or referring friends to the app. 

10. Push Notifications

Send timely communications advising users of match updates, betting opportunities, promotional offers, and upcoming events. Use AI to personalize notifications based on user behavior, preferences, and activities, ensuring they are relevant and engaging. 

11. Customer Support

Ensure that 24/7 customer support is offered for users to address their concerns and doubts. Integrate live chat system, email, and in-app ticketing systems.  Additionally, an AI-powered chatbot can be added to answer common questions immediately. Provide a detailed FAQ section to handle frequently asked questions and improve customer ease. 

12. Ranking & Upcoming Events

Implement a feature that displays rankings of players, teams, and leagues to help users make informed betting decisions. This section should highlight team and player performance statistics, such as win/loss ratios, average points per game, and recent form. 

Additionally, provide a calendar of upcoming events categorized by sport, league, and region. Integrate notifications to alert users about major matches, tournaments, or events they might be interested in. Include countdown timers and quick links to live betting or streaming sections for live events.

13. Offers & Betting Tips

Offer exclusive promotions to attract and maintain users, such as welcome bonuses, free bets, cashback discounts, and loyalty awards. Display these offers prominently in the app, categorized for new and existing users. Complement these promos with expert betting tips, statistics, and forecasts for individual matches or events. 

Use AI algorithms to generate personalized tips based on a user's betting history and preferences. In addition, it offers tutorials and starting instructions to help new bettors comprehend odds, strategies, and responsible betting habits.

14.Analytics and Insights

Provide users with detailed data, insights, and trends for various sports and events. Use AI predictions and visualizations to assist users in making data-driven betting decisions. Ensure a guide section explaining how to use these analytics efficiently is included.