Fantasy sports platforms are famous for their entertainment, passion, predictions, and, most importantly, prizes in terms of bonuses and cash rewards a sports enthusiast can get. After the legalization of sports betting software and applications, the industry has gained immense popularity worldwide. One of the significant examples of it is Dream11- India’s biggest fantasy sports platform, with over 45 million active users playing multiple games. With the unique and exciting gaming format, these fantasy sports applications are beloved all around the globe. If you want to create a white label fantasy sports software, then this post is for you.
We have curated all the essential information you would require to create your own white label fantasy sports software. But before moving ahead, let’s take a glance at its core concept-
What is a white-label software?
If we mainly talk about the software industry, then White-label term refers to the product or services created by one company and sells it to another one; later, the other organization or brand can put its own trademark or name on that product or service and market it as their own product.
If we take white label fantasy sports software as an example, then the fantasy sports app development company that creates that software remains anonymous. The company to which they sell that software can represent that product with their brand name. To ensure the ownership of the service or product, IP rights, and source codes, both companies require to sign Non-Disclosure Agreements (NDA).
Market Growth of White-label Fantasy sports software
The global Fantasy Sports market size was reached at $13900 million in 2018, and it is anticipated to touch $33200 million by the end of 2025, with a CAGR of 13.2% during 2019-2025.
According to the market surveys, 85% of US companies prefer to go with the white label sports solutions.
56% of companies choose these solutions to save their cost.
43% of businesses select these private-label solutions for quality.
Fantasy sports platforms are lucrative for users, government, and companies as in earlier years, the users earned about INR 14000 Cr., Government earned INR 776 Cr. via taxes and GST, and companies earned about INR 2.5 thousand Cr.
Features of White-label fantasy sports software
Compatible with Multi-platforms – One of the significant features of the white label fantasy sports software is its availability for multiple platforms. The users can access it as a desktop website, a native mobile application, or a mobile website.
Support every type of sports- If you plan to create a fantasy sports platform offering multiple sports, then white-label fantasy sports software would be the best option. This software not only supports traditional custom sports like football or cricket; they are highly compatible with e-gaming.
Regular updates- Continuous updates are suggested to improve the performance of the software. To pursuit excellence, developers can add any new features anytime.
Scalability- White-label fantasy sports software comes with massive scalability features; you can smoothly handle millions of users without affecting the platform’s performance.
Free and paid leagues- Users will find multiple kinds of leagues and participate according to their desire.
Sponsorship- You can use third-party sponsorships, including the banner ads, to generate equal revenue on the platform.
Multilingual platform- Supports multiple languages so that companies can target a wide range of target audiences.
Daily, weekly, seasonal fantasy sports- Under this section, users will find daily, weekly, and seasonal fantasy sports; and participate based on their preference.
Another significant feature of White Label Fantasy Sports Software
- Admin Dashboard
- Leader board
- Referral bonuses
- Multiple draft pattern
- Achievement Badge
- Multiple exciting games
- Integrated Data feeds
- Social Sharing
- Multiple payment gateways
- Player Management
- Cryptocurrency support
Why should businesses go for the white-label fantasy sports software?
However, there are several reasons to opt white-label fantasy sports software over the traditional one, but here we have come up with a few reasons-
With this software, the companies can get an opportunity to create their own brand name. The organizations can add more products and services under their brand name and enhance their brand’s visibility in the marketplace.
White-label solutions save the company’s time and money, as the traditional application or software requires a lot of expertise, working hours, and human resources. But with white-label solutions, the situation is entirely the opposite.
Not only for start-ups, but it also acts as a broad scope for more giant enterprises. Such enterprises hire third-party service providers to promote or advertise their products and services. These solutions help in enhancing the ROI and sales and marketing of the companies.
White-label solutions come with ready-made testing services; hence it saves the organization’s cost and time to test new services from scratch. Moreover, it avoids any additional resources and risks that can occur during the testing process.
Benefits of investing in white label fantasy sports software
By investing in the white-label fantasy sports software, you will get the following benefits-
- Mobile responsive
- Responsible Gaming
- Quick Market Entry
- Zero revenue share
- On-demand customizations
- Get the source-code
- SEO friendly
- Multiple device support
Tech stack used to build white-label fantasy sports software
The following technologies are used by the fantasy sports app development companies to build robust white-label software solutions-
- PHP 7
- React Native
- Rabbit MQ
- Amazon web services
Cost to build white-label fantasy sports software-
The total budget for creating a white-label fantasy sports software depends on multiple factors, including features, tech-stacks, development team, size, platforms, and others.
But if you have decided to create a white-label fantasy sports software, then the basic white-label website version will cost $5000, whereas an advanced version can cost $24000. The prices may vary according to the requirements.
The selection of White-label solutions can benefit you in several ways, like faster launches, fewer risks, lower costs, and diversification. So, what are you waiting for? If you want to build a business-like Dream 11, go for the white-label fantasy sports software. Hire a fantasy sports app development company today and start building your dream gaming software or application.