1. The online gambling market is projected to grow at 11.5% CAGR from 2020 to 2027
Sports betting is nothing new to the world. However, the way it is done these days is new as well as exciting. The growing internet usage among people to play games online while sitting at their homes is driving the market.
Also, factors such as legitimacy, corporate sponsorships, cultural endorsement, and celebrity endorsements are increasingly gaining weight to adopt gambling worldwide and are one reason for the increase in market size and valuation.
2. You need a license to launch sports betting app
To enter the billion-dollar gambling industry, you must first be licensed. We are not experts in online gambling laws, but according to the data available online, getting a license to launch sports betting apps these days is not very difficult.
However, each country has different rules for approving any venture related to online sports betting and we recommend that you proceed with the assistance of a qualified attorney.
3. Publishing a sport betting app on app market places
Google Play Store:
In July 2017, Google announced that app developers could publish betting apps on the Play Store. However, there are strict rules to prevent users under the age of 18 from downloading such applications. Also, it is important to have a gambling license from the target country to publish sports betting applications on the Play Store.
Apple App Store:
To publish your sports betting application on the Apple Store, you must follow the strict guidelines set by Apple. They are similar to Google guidelines but Apple is more specific than Google in its standards and rules.
11 Must-Have Features of mobile sports betting apps such as Bet365 must include:
- App onboarding
- List of sports and athletes
- Direct scores
- Betting Guides
- Player details
- Crowd favorite
- Model selection betting
- Batting type selection
- Results tab
- Instant payments
- Push-notifications
Advanced Features to Add in Your Betting Application:
#Live
#Multi-language support
#Tips on betting
#Fast bets
#Audio updates
Sports betting app development cost estimate:
The answer to how much it costs to develop a sports betting app depends on the features you choose to integrate into it, the tech-stock you use, and the location of the app developers you take on.
The more complexity of your application, the higher the cost. The same thing happens with the location of your app developers. However, if you hire Asian developers — they will work for you for $ 25- $ 30 per hour. Also, it is not just application development in the process of creating an application. You also have to pay for UI / UX designs, testing of your application, and project management fees.
If you want to develop sports betting app with all the features mentioned above — it will cost you somewhere between $ 30,000- $ 35,000. So, what are you waiting for? Let’s get started. https://www.fugenx.com/services/mobile-application-development/