Tarun Nagar 
“Score big.”
Sports are one of the most necessary things in the world; people can’t live without watching sports. With the rise of sports, gambling has become highly demanded, and gamblers need a platform that makes sports betting easy. Sports betting platforms can provide faster live scores than live streaming platforms.
According to the study, the sports betting app market was valued at $83.65 billion in 2022 and is projected to grow to 202.14 billion by the end of 2031 at a CAGR of 10.3%.
This valuable data shows that investing in sports betting app development is a profit-generating opportunity for entrepreneurs to grow their businesses to the next level.
With this blog, you will explore every useful information about sports betting development costs and how it can be a turning point for your business.
Quick Summary: In this blog, we will explore the different stages of developing a sports betting app and the top sports betting apps. We will also provide the sports betting app development cost, robust development stages, benefits, and successful monetization techniques.
What is a Sports Betting App?
A sports betting app is a betting platform that allows users to easily bet on sports anywhere or at any time. These platforms can predict sports such as basketball, football, cricket, and others.
Users can access live score statistics and provide betting tips. Because it provides faster live scores than other live streaming apps, it can be a profit-making opportunity for gamblers or users. To build a sports betting app, consult a mobile app development company to provide efficient apps.
- These sports platforms can offer a wide variety of sports, such as football, basketball, soccer, and baseball.
- It allows users to bet on live sports and adjust their bets in real-time.
- This platform provides secure payment options for betting, such as net banking, digital wallets, and credit or debit cards.
Market Analysis of Sports Betting Apps
- According to the study, the revenue from sports betting apps is projected to reach around $45.18 billion by the end of 2024.
- According to the reports, the number of users is expected to reach around 3 million by the end of 2029.
- According to the survey, sports betting app user penetration will be 8% in 2024 and 4.8% in 2029.
- According to the study, the sports betting app market was valued at $83.65 billion in 2022 and is projected to grow to 14 billion by the end of 2031.
- The sports betting app revenue is expected to show an annual growth rate of 7.49%.
Best 7 Sports Betting Apps
For a successful Dofu sports app development, it’s essential to study similar or popular sports betting apps. These existing apps provide a wealth of learning opportunities, helping businesses understand what features and functions are key to success. Here’s a list of the best sports betting apps to kickstart your learning journey:
1. Sportsbet
Sportsbet is an online platform that allows users to bet on various sports, such as cricket, basketball, soccer, football, and baseball. Develop a betting app like Sportsbet, which offers advanced features such as user profiles, live streaming sports events, and real-time odds.
2. FanDuel
FanDuel is one of the most popular sports betting platforms. It offers live betting on various sports events, such as basketball, soccer, baseball, and football. This platform has a simple user interface that allows users to interact easily with all the features and functions of the app.
3. Betway
Betway is one of the most used sports betting platforms. It allows users to wager on sports events that are currently ongoing. This platform provides rewards and bonus points for new and experienced betters. Build a sports betting apps like Betway, which provides many features such as account management, easy payout options, and secure online payments.
4. BetMGM
This sports betting platform is the most convenient and flexible. It allows users to select individual sports events and provides market trends for sports. Its user-friendly interface allows users to easily navigate all the features and functions of the app with just one tap.
5. EuroSports
EuroSports is one of Europe’s most famous sports betting platforms, mainly focusing on European sports. Develop an app like EuroSports offers various advanced specifications like real-time odds, security measurements, live betting, user profiles, account management, and rewards.
6. PointsBet
PointsBet is a unique sports betting app. Unlike other betting apps, it mainly focuses on the win-or-lose game. It allows users to wager on various popular sports events such as cricket, football, basketball, baseball, and soccer. This platform provides real-time updates and personalized recommendations.
7. Bet365
Bet365 is one of the most popular and used sports betting platforms. It allows users to choose their sports events for betting. This platform provides live-streaming sports events, real-time odds, and detailed statistics. Develop a sports betting app like Bet365, which has a user-friendly interface to access all the features and show the various sports betting events.
5 Benefits For Entrepreneurs For Sports Betting App Development
In this current era, the demand for sports betting apps is increasing daily, and gamblers make huge profits from these advanced apps. So, here we provide the reasons you should invest in sports betting app development and how it can be a turning point for your business:
1. Market Demand
As we discussed before, this first benefit is that the market demand has high demand in this competitive market and encourages businesses to invest in sports betting app development. So, the popularity of betting apps can provide high-return investment, and they offer flexible features such as real-time odds and detailed statistics.
2. Revenue Streams
In this second benefit, sports betting apps can provide new revenue streams and profit-making opportunities for businesses. These revenue streams come in different formats: advertising, in-app purchases, subscription plans, freemium models, transaction fees, delivery fees, collaborations, and partnerships.
3. Global Reach
Let’s come to the third benefit: investing in sports betting app development can increase the app’s chances of reaching the global market and increasing its user base and visibility. With unique functionalities, users can visit your sports betting app more, and it can also increase demand in this competitive market of relevant industry.
4. Data Insights
In this fourth benefit, the sports betting app can analyze the users’ or betters’ habits, purchasing patterns, demographics, behaviors, favorite services, and preferences. By collecting this useful data, businesses can provide extra services based on users’ habits and allow businesses to identify new areas for improvement.
5. User Engagement
Let’s move to the last benefit: a well-organized or designed sports betting app with extensive functionality can attract more users. These unique features, which include personalized recommendations, user profiles, account management, and more, can increase user engagement and experiences.
7 Key Steps for Sports Betting App Development
For a successful sports betting mobile app development, follow these crucial steps to create an effective and reliable sports betting app.
1. Market Research and Requirements
In the first stage of development, identify the app’s needs or requirements and prepare a sheet of features that should added in the app. Analyzing the popular or successful sports betting apps to understand their workings and functionalities to implement in your app. Also, identify the ideal and secondary users of your sports betting app.
2. Identify Basic Features
In this second stage of sports betting app development, look for mobile app developers for hire to identify the basic or essential features of your app. Make an organized list of core features to reduce the manual errors and data redundancy. Observing the similar app’s features and selecting the useful features that can increase the user base.
3. Select the Best Tech Stack
Let’s move to the third stage of development, picking the right tech stacks for successful sports app development with higher operations handling ability. This is one of the most vital stages of development. It includes robust programming languages, deployment platforms, frameworks, inbuilt tools, APIs, cloud storage, databases, and more.
4. Design UI/UX
In this fourth stage of development, hire dedicated developers to design a primary user interface that enables users to access all the app’s features and functions easily. This stage is also an important development phase because it provides the app’s first appearance. It involves premium designs, layouts, themes, menu bars, admin or user panels, and dashboards.
5. Development of App
In this development stage, assemble highly skilled developers with significant and successful development experience. It involves many integrated resources such as modules, models, classes, objects, built-in features, and payment gateways. This crucial development stage ensures that the app successfully implements all features.
6. QA and Testing
Let’s come to the sixth stage of development: search for the Android or iPhone app developers for hire to test your sports betting app under different circumstances. Scans for the bugs or errors that are automatically generated during the implementation phase. After testing, check the app’s quality and ensure that quality is not decreased.
7. Publishing and Marketing
In this last stage of development, hire experienced developers to launch the app on selected platforms such as Android and iOS. After the app is successfully launched, it’s time for marketing. This includes email marketing, affiliate marketing, sharing on social media platforms, advertising, content marketing, digital marketing, and more.
10 Essential Features of Sports Betting App Development
To understand how the app works, you need to observe the core or essential features of the sports betting app. So, here we provide important features a sports betting app must have:
1. User Profile
It allows users to create a free account on the app via email, phone numbers, social media platforms, and guests.
2. Betting Types
The sports betting app offers a wide variety of betting types, such as totals, spreads, prop bets, and money lines.
3. Live streaming
This platform allows users to watch live-streaming sports events, and they can bet on ongoing sports events.
4. Sports Coverage
The sports betting app provides different sports events such as baseball, basketball, football, cricket, and soccer.
5. Detailed Statistics
It provides detailed statistics about ongoing sports, historical data, and team information. To install this feature in your fantasy sports app, book an appointment with a fantasy sports app development company.
6. User-Friendly
This platform has a user-friendly interface that allows users to navigate all the features and functions of the app easily.
7. Push Notifications
The sports betting app sends users alert messages about new updates, live streaming, and betting payout information.
8. Multi-Language Support
It allows users to change the app’s language at their convenience, which can enhance the user experience.
9. Security Features
This platform provides many advanced security measurements such as authentication, encryption, biometrics, and more.
10. Customer Care
If any user faces a problem or issue, then the customer care is available for 24/7 to solve the issue via chat, call, and email.
The Cost to Build Sports Betting App
The cost to develop a Sports Betting app depends on crucial resources such as the project’s complexity, features, size, requirements, infrastructure, maintenance, and deployment platforms. The sports betting mobile app development cost is around $8,000 to $25,000.
So, here we provide the sports betting app development cost table for a detailed explanation:
| Sports Betting App Development
|
Estimated Cost | Time Frame |
| Simple App Development
|
$8000 – $14000 | 2 to 5 Months |
| Mid-Complex App Development
|
$14000 – $22000 | 5 to 8 Months |
| High-Complex App Development
|
$25000+ | 9+ Months |
Major Factors That Can Affect Sports Betting App Development Cost
Many factors can highly impact the overall sports betting app development cost. With the increasing demand for sports betting apps, you must add unique functionality to your app, which can increase the development cost of the sports betting app. So, here we provide the list of factors:
1. Development Team
It is one of the most crucial factors in the sports betting app development cost. It mainly depends on the developer’s experience level and location. Hiring a highly experienced developer can increase the overall cost.
| Developers Experience level | United States | United Kingdom | Southeast Asia | Eastern Europe |
| Junior-level | $15 – $25 | £14 – £24 | $12 – $22 | $10 – $20 |
| Mid-level | $30 – $50 | £27 – £44 | $25 – $35 | $25 – $33 |
| Senior-level | $60 – $80 | £50 – £65 | $40 – $55 | $40 – $50 |
2. Core and Advanced Features
In this second factor, features are most vital factor in sports betting app development and advanced features can fluctuate the cost to make a sports betting app. So, in the following table we will explain the features cost in detail.
| Basic Features | Estimated Cost | Advanced Features | Estimated Cost |
| Transaction History | $6,000 – $9,000 | Multi-Language | $4,000 – $7,000 |
| Push Notifications | $4,000 – $7,000 | Social Media Integration | $3,000 – $5,000 |
| Security Features | $8,000 – $12,000 | Advanced Security Features | $10,000 – $14,000 |
| Payment Gateways | $7,000 – $11,000 | Detailed Analytics | $7,000 – $10,000 |
| Admin Dashboard | $10,000 – $12,000 | Live Streaming | $10,000 – $15,000 |
3. Choose the Right Tech Stacks
Let’s move to the third factor: selecting the best tech stacks, a significant factor in sports betting app development cost. So, here we provide detailed information about what type of tech stacks can increase the overall sports betting app development cost:
| Cloud Storage | AWS, Microsoft Azure, Google Cloud | $1,000 – $3,000 |
| Backend Development | Django, PHP, Nodejs | $4,000 – $10,000 |
| UI/UX Design | Sketch, Adobe XD | $4,000 – $7,000 |
| Payment Gateway | PayPal, Stripe | $4,000 – $8,000 |
| Security | SSL, Biometric, Two-factor Authentication | $1,500 – $4,000 |
| Project Management | Jira, Trello, Asana | $1,000 – $3,500 |
4. Development Platform
In this fourth factor, development platforms can change the overall cost of sports betting app development solutions. Many platforms charge for iOS and Android app development. So, here we provide a table with a detailed description.
| Development Platforms | Estimated Cost |
| Web Apps | $15,000 – $22,000 |
| Native Apps | $20,000 – $30,000 |
| Hybrid Apps | $18,000 – $27,000 |
5. Types of Sports Betting
Let’s move to the last factor: sports betting types can fluctuate the overall sports betting app development cost and change the company’s overall development budget. So, here we provide the table for a detailed explanation:
| Type of Sports Betting App | Cost Estimation |
| Basic Sports Betting | $8,000 – $15,000 |
| Crypto Sports Betting | $18,000 – $25,000 |
| Straight Bets Sports Betting | $15,000 – $22,000 |
| Head-to-Head Sports Betting | $12,000 – $20,000 |
| Point Spreads Sports Betting | $20,000 – $28,000 |
Tech Stack of Sports Betting App Development
In sports betting app development with rich functionalities and specifications, you must observe the successful tech stacks that can be reached globally. So, here we provide the table of tech stack for detailed information:
| Category | Tech Stack | Description |
| Frontend
|
Javascript, Bootstrap, CSS, HTML | These powerful platforms build robust user interfaces. |
| Backend | Python, Java, PHP, Flutter | Powerful backend frameworks build robust applications. |
| Database | MYSQL, MongoDB, SQL, Postman | Securely stored massive data and organized structured data. |
| APIs
|
REST, GraphQL | Sharing data between applications, systems, and devices. |
| Authentication
|
OAuth, JWT | Verifies the user’s identity and access token from a trusted server. |
| Cloud Services
|
Microsoft Azure, AWS | Allowing apps to access resources in the cloud. |
5 Monetization Techniques to Build a Sports Betting App
It’s good to build a sports betting app, but businesses don’t know how to make profit from sports betting software. Here, we provide the best monetization techniques to understand how to generate new revenue streams for businesses and how it can increase the overall business valuation:
1. Subscription Plans
In this first monetization technique, a sports betting app offers paid subscription plans such as basic, premium, and enterprise. To access all the sports betting app’s services and functions, users must purchase the premium or enterprise plans yearly or monthly. So, these can generate new revenue streams for businesses.
2. Advertising
In this second monetization technique, a sports betting app enables businesses to display their services or products via your app. You can earn to show their services as advertising. The advertising can vary in different formats, such as native ads, image ads, video ads, banner ads, display ads, and more.
3. Freemium Model
Let’s come to the third monetization technique: a sports betting app with limited features allows users to access the app’s basic functionalities or services. If users want to access the individual functions and features of the app, they must purchase the additional features and subscription plans.
4. Transaction Fees
In this fourth monetization technique, charge transaction fees for every payment transaction through your sports betting app. According to the Android app development company, transaction fees will be added to the checkout process when purchasing any service or subscription plan, increasing the company’s valuation.
5. Collaborations
Let’s move to the last monetization technique: Collaborate with related businesses and merchants to sell products or services via your app. Earn a commission-based income by selling every item through your app. This can generate new revenue streams for businesses and increase the user base.
How Dev Technosys Will Help You?
At the end of this blog, we discussed in depth about the sports betting app development cost and what major factors can affect the overall sports betting app development cost. It offers various benefits for businesses, such as higher success rates, increased sales, global reach, and enhanced user engagement.
We have explored every tiny piece of information about the sports betting app development cost, and investing in sports betting is a golden opportunity for entrepreneurs to expand their businesses.
Get a consultation with Dev Technosys, a leading sports betting app development company, to provide innovative ideas and reliable or efficient apps.
Frequently Asked Questions
1. How Much Does the Sports Betting App Development Cost?
The app development cost of sports betting apps is around $8,000 to $25,000, depending on the project’s complexity, features, functions, and size.
2. How Long Does it Take to Build a Sports Betting App?
The sports betting app development usually takes around 4 to 9 months, and it mainly depends on the number of features and developer’s working hours.
3. How Can Reduce the Sports Betting App Development Cost?
Here we provide the list to reduce the sports betting app development cost:
- MVP Approach
- Use built-in frameworks
- Outsource development
- Explain clear requirements
4. Which Technologies Are Used in Sports Betting App Development?
Here is the list of the robust technologies:
- Java
- Python
- PHP
- Flutter
- Swift
5. How much does it cost to hire developers For Sports Betting App Development?
The cost to hire developers is lies between $15 to $25, and it depends on the developers experience level and location.
