In the world of sports, the concept of betting is prominent, and the emergence of online betting in 1997 changed the game greatly. Today, the betting business is taking a huge leap forward with a new concept of “Sports betting mobile app”. It can get any better?
International sports betting is estimated market of $250 billion. According to Statistica, licensed online sportsbooks account for upwards of $39.7 billion of this revenue.
Global Sports Betting & Lotteries Market revenue is $217 Billion and growing with 0.6% creating 230,558 employment and 21,046 business worldwide .
The mobile market app is booming presently with wide-ranging sports betting apps, which come in all sorts & sizes. However, all of those apps are not perfect and thus, there is a lot of scope for you to make a mark in this arena by coming up with feature-rich & engaging sports betting mobile app.
Countries where betting is considered legal
In America & Europe betting & gambling is legal and hence the concept of online betting works the most here, while in other nations, like Japan, India & Middle East, betting is still considered illegal. Though, gambling is legal in most nations.
What is The Future of Online Sports Betting?
Online betting is growing at a great pace and looking at this, we expect the global mobile betting market to grow by almost 20% by 2019. Meanwhile, the common factors behind the rise in the prominence of sports betting & gambling are amendments in rules & regulations in many countries concerning online gambling, better Internet connectivity and increased ownership of the smartphones.
Which sports are popular for betting?
The most common sports are: Football, Baseball, WWE, Basketball, Formula One, Rugby, Grand Slams or Tennis, etc.
What are the key features of Sports Betting Mobile apps?
Each of the sports betting app has varied features, with each having different betting rules & methods, however, below we have mentioned the most common features you must consider while developing sports betting mobile app.
Features of a User Panel:
- Choose the Sports/Player
- Watch Live Match
- Betting Guide
- Player Information
- Keep users updated about match schedules
- Choose Betting Model
- Choose Betting Category
- Connect with other users
- Final Rank & Position
- Instant Payment System
- Multiple-Language Support
- Match Summary
- Offline Support
Features of the Admin Panel
- Manage Users
- Receive Inputs from the Bookies
- Manage Payments & Prizes
Advanced Features of a Sports Betting Mobile App
- Pay & Bet instantly
- APNS (Apple push notifications/FCM( Firebase cloud messaging) — For Push Notifications
- Twilio, Sinch, Nexmo — For SMS, Voice and Phone Verification
- GWT — For Powerful Programming
- Datastax — For Data Management
- Mail Chimp Integration , Mandrill — For everything related to emails
- Debian, Macintosh, Ubuntu, CentOS — The Universal Operating System
- Database — MongoDB, Hbase, Cassandra, Postgress
- Cloud Environment — AWS and Google
- Realtime Analytics — Hadoop, Spark, BigData, Apache Flink, Cisco, IBM
- Sports Prediction Algorithm
- Tools to calculate true odds of a sports event
- Football Prediction Algorithm
API Integration — 3rd Part API integration is one most important aspect of betting mobile applications such as Algorithm api, Live score API etc.
Why is it important to choose a right development partner?
Well, it has its perks to select a right Sports Betting App Development Company that is able to understand the complexity of this particular kind of mobile app and can also comprehend your business objectives and requirements with the app. Usually, a good Sports betting app development firms have a brilliant set of professionals working for them, comprising of knowledgeable & skilled app developers and designers, QA testers, etc.
How much does it Cost to develop a Sports Betting Mobile App?
As it comes to development of a sports betting app, the important factors to consider is the country where the app is being developed, the choice of platforms, i.e. iOS or Android, or both, and the number of games which are included in the app for betting, functionalities, features, UX & UI design, etc.
App Development — Hourly Rates
- North America — $50 -$250 / Hour
- Eastern Europe — $20 -$150 / Hour
- Western Europe — $30 -$175 / Hour
- Australia — $50 -$150 / Hour
- India — $15 -$80 / Hour
Required Development Team Structure
- Business Analyst
- Project Manager
- IOS/Android Developers
- Back-end App Developers
- UX-UI Experts
- Quality Assurance Expert
- Delivery Manager
Combining them all, a rough estimate of developing a sports betting mobile app would cost somewhere from $50000 to $90000. However, upon finding the expert sport betting mobile app development company you can get the exact figure.