What is a sports betting app?
A sports betting application is a web, mobile, or desktop application that enables users to place bets on sporting events. Sports betting apps typically allow users to view game scores and stats, place wagers on upcoming matches, track winnings/losses and manage their accounts. Some sports betting apps may also include an API for third-party developers to build applications that improve the user experience.
Sports betting apps often share features with other entertainment apps like media streaming apps, online video game apps, and video rental apps. Popular examples of sports betting applications include DraftKings, FanDuel, and William Hill.
Examples of sports betting apps built with Crowdbotics:
- An app that will be very similar to DraftKings. 2 main sections: Daily fantasy sports section with a daily contest and sports book.
What is the typical cost to build a sports betting app?
A sports betting app usually costs about $55,000 to build. However, the total cost can be as low as $45,000 or as high as $65,000. A sports betting app with a low number of features (also known as a minimum viable product, or MVP) will be more affordable than an app that includes all intended functionality.
For example, here are some previous sports betting app price quotes from Crowdbotics:
How long does it take to build a sports betting app?
A sports betting app usually takes 733 hours to build. However, a sports betting app can be built in as few as 600 hours, or in as many as 867 hours. The exact timeline mostly depends on how complicated your specific app is. As a general rule, it will take longer if you require highly custom designs, niche features, complex logic, or non-standard release platforms.
For example, some previous sports betting apps build with Crowdbotics received the following hourly estimates:
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Crowdbotics has quoted and built hundreds of applications for teams of all sizes. Browse our historical estimates by industry and app type to understand possible costs and considerations.
How to successfully grow your sports betting application
A sports betting app must differentiate itself from existing apps by providing value for users, and by attracting as many bettors as possible. Many sports betting apps give users free bets, or they offer rebates on future bets in order to attract new customers. In fact, the average user loses money when they bet on sports, which means that a successful sports betting app needs to offer incentives to entice users to sign up for the app and place bets. Once a user has signed up for the app, it’s important that they be able to trust that their information will remain confidential.
Risks and challenges of building a sports betting application
A sports betting app faces legal and reputational risks related to the facilitation of gambling in jurisdictions where it is illegal. In addition, the storage of sensitive personal information from users may be subject to data privacy regulations. It is recommended that sports betting apps comply with all applicable licensing requirements for wagering in the jurisdiction in which they operate.
