How To Develop An App Like ParlayPlay: A Complete Guide

People love sports. But these days, they do not just watch sports. They want to play along and win some cash prizes. The ParlayPlay app makes it easy for people to choose winners and get rewarded without all the complicated rules of fantasy leagues.

A report shows that the global market size of the fantasy sports industry is projected to hit $67.03 billion by 2033. This shows there is a huge demand for fantasy apps and a great opportunity for businesses to invest in.

Thus, if you want to develop something like ParlayPlay, the key is to keep it easy to use, fast, and mobile-friendly. In this blog, we will discuss the major steps to develop an app like ParlayPlay and break down the features, costs, and monetization models.

About ParlayPlay App

ParlayPlay is an app for daily fantasy sports (DFS). Instead of picking full lineups or managing a salary cap, users can make simple proposition predictions.

They can choose 2 to 4 players and guess if each will perform higher or lower than a set stat, for example, points, yards, etc. If they are right, they win cash prizes.

Yes, users can win real money, even from their phone. Just make users’ picks before the games start, watch the action live, and see if your picks hit. ParlayPlay is one of the best fantasy sports apps. Payouts can multiply quickly depending on how many correct picks they make.

Booming Fantasy Sports App Market

The fantasy sports world is growing really fast. Let’s take this statement with the following fantasy sports statistics.

In 2024, the global fantasy sports market was worth around $28.95 billion, and experts say it could more than double by 2033, hitting $67.03 billion. That’s a strong growth rate of about 9.3% every year.

Right now, North America is leading the way, making up over 35% of the total market in 2024. A significant portion of that growth stems from the increasing number of smartphone users, easier internet access, and a broader interest in sports overall.

Mobile apps are driving most of the action. In 2024, they brought in over 65% of the total fantasy sports revenue. American football dominates fantasy sports, pulling in about 75% of all users in 2024. But esports is quietly making waves.

How Does a ParlayPlay App Work?

Now that you know the fantasy sports app market statistics, knowing about the working mechanisms of the ParlayPlay app is extremely essential. If you are planning to develop a fantasy sports app like ParlayPlay, let’s take a look at its workflow.

• Users can open the app and pick 2 to 4 players from the day’s games across sports like football, basketball, or baseball.

• For each player, they can guess whether they’ll go Higher or Lower than the stat shown, like “LeBron – 25.5 points”

• Once the user’s picks are set, they lock them in with a small entry fee. The more players they pick, the more they can win.

• As the games happen, users can track their picks in the app to see how they’re doing in real time.

• If they pick a hit, the app pays out real money. This is where users can withdraw straight into their accounts.

Why Should You Invest in Developing an App Like ParlayPlay Now?

Fantasy sports are blowing up right now, and it’s not just about fun anymore. More people are joining every day, and there’s real money to be made if you develop an app like ParlayPlay. If you’re thinking about getting into this space, 2025 is a great time to start.

Here’s why it makes sense from a business point of view :

► You Can Make Real Money

Fantasy sports apps aren’t just for fun. They can actually make good money. People pay to join contests, watch ads, or buy extra features.

More folks are comfortable spending on apps these days. If your app works well and keeps people interested, it can bring in steady income without needing millions of users right away.

► The Market Is Still Growing Fast

Fantasy sports are getting more popular every year, as cricket and other sports are huge. There’s still room for new apps, especially if you do something different or focus on local fans. If you develop an app like ParlayPlay now, you’re not late, you’re right on time.

► People Keep Coming Back

Most apps lose users quickly, but fantasy sports are different. Once people start playing, they check the app every day or even multiple times a day.

This means users stick around longer. If you develop an app like ESPN fantasy sports, you have more chances to make money and build loyal fans.

► It’s Not Too Late to Stand Out

You don’t have to be the biggest player to succeed. There’s room for smaller apps that focus on certain sports, regions, or fun new ways to play. Big apps can’t do everything for everyone.

This is a big opportunity for you to invest in a fantasy sports app and get a chance to connect with users in your own way.

Must-Have Features to Add in an App Like ParlayPlay

With so many options out there, how can your app like ParlayPlay, stand out from the competition? Well, there are two ways: first, by offering features that are tailored to users’ needs, and second, by using the admin panel.

So, let’s take a look at the fantasy sports app features :

How to Develop an App Like ParlayPlay?

If you’re planning to build an app like ParlayPlay, it’s important to follow a well-structured plan. This kind of app combines sports, gaming, and real-money transactions, so you’ll need to focus on good fantasy sports app design, strong security, and legal compliance.

Let’s break down the step-by-step ParlayPlay app development process you need to take :

♦ Understand What You’re Building

You should first thoroughly understand what type of app you want to build. Apps like ParlayPlay are all about fantasy sports predictions. If those predictions are correct, users can win real money.

So, you will need to make sure it is really fun to use and works smoothly. You also need to study your competitors well and know how the gameplay works before you develop an app like ParlayPlay.

Basically, you need to understand the market, competitors, and current fantasy sports app trends. This will help you build an outstanding fantasy sports app that stands out and shines.

♦ Plan Out the Core Features

Now, based on your research, you should plan out what features your fantasy app should have. You can think about what your target audience really needs.

At a basic level, the app should allow users to create an account, choose their predictions, join contests, and see if they have won. Also, you will need a mobile wallet system so users can deposit and withdraw money.

Push notifications and real-time updates are essential, too. So, in the beginning, you can only focus on core or must-have features to minimize the budget. Later on, you can add advanced features once your app gets popular.

♦ Make Sure Everything Is Legal

Since your Daily Fantasy Sports app like ParlayPlay, deals with real money, you must make sure it follows the law. Legal compliance for fantasy sports app development can change depending on where your users live; some countries allow it, others don’t.

That’s why it’s best to speak with a lawyer who understands online gaming laws. Additionally, you might need to apply for licenses, depending on the region.

On top of that, your application should include things like age checks, tools for responsible gaming, and clear terms and conditions. This legal step is not just important; it’s required to avoid major issues later on.

♦ Pick the Right Team and Technologies

Now it’s time to develop an app like ParlayPlay. If you’re not a development expert, you’ll need to hire a reliable development team that understands daily fantasy sports apps.

They’ll help you choose the right fantasy sports app tech stack. Nowadays, many new apps are developed using frameworks that allow one codebase for both platforms, like React Native.

On the backend, technologies like Python are very popular. You must have access to real-time sports data. You can add it by using fantasy sports app APIs.

♦ Build an MVP and Launch It

Instead of integrating all the features from the start, you should just focus on the must-have features. This is your MVP, which is basically the simplest version of your DFS app that still works.

Once your MVP version is ready, you can test it with real-life users and collect their feedback for further improvements. You can check out how they use it, what they like, and what’s confusing.

Once everything’s stable, you can test it with various mobile app testing methods. If that goes well and your app is bug-free, then you can launch it on the desired platforms.

How Much Does it Cost to Develop an App Like ParlayPlay?

The cost to develop a fantasy sports app can vary based on your project requirements. We can provide you with a ballpark estimation. Generally, the cost to develop an app like ParlayPlay can be somewhere from $20,000 to $150,000 and more.

You can think of it this way. The more you want the app to do, like handling real money safely, showing live scores instantly, the higher the ParlayPlay app development cost. If you want a simple app like ParlayPlay, then the cost will be less.

But if you want everything polished, running smoothly, and you want AI and ML in a fantasy sports app, the cost to build an app like ParlayPlay will be more. So, it is best to think of this as a gradual investment. Start with only essentials, get your app into users’ hands, then build on it step by step.

Additionally, do not forget to save some budget for mobile app maintenance and support. In the end, the cost depends on your objectives and the value you deliver to your users.

How to Monetize an App Like ParlayPlay?

Now, once you have created your dream app like ParlayPlay, how will you monetize? Well, there are many fantasy sports app monetization strategies that you should implement in your app.

It will help you earn huge revenue and better ROI :

➤ In-App Advertisement

One of the most common ways to earn money through your DFS app like ParlayPlay, is by showing ads inside your app. These advertisements can be banners, videos, or pop-ups that users see while playing.

Every time someone clicks or watches an ad, you get paid. It’s a very simple way to bring in a stable revenue without changing your users directly.

➤ Entry Fees For Contests

The next way you can earn money is by charging your users a small entry fee to join certain contests or leagues. For instance, players pay $1 to $5 to enter a tournament, and the winner takes a prize.

This monetization strategy performs well on a daily fantasy sports app because it encourages competitive play while creating a stable revenue stream for you.

➤ Premium Features or Subscriptions

You might have to pay a subscription fee for advanced or premium features in apps like FanDuel or others. Similarly, apps like ParlayPlay offer premium features for a fee. You can also provide advanced features that users can use by paying a little more.

This might cover special stats, tips, or ad-free gameplay. You could also set up a monthly subscription that provides users access to exclusive content or bigger contests. Many users will pay if they feel they are getting extra value. 

➤ Merchandise and Collaboration

If your daily fantasy sports app gets really popular with a huge user base, you can sell branded merchandise like T-shirts or other things related to sports.

You can also team up with sports brands or businesses for sportsmanship and collaborations. These deals can bring in extra cash and help promote your daily fantasy sports applications.

Develop Your App Like ParlayPlay With Nimble AppGenie!

Have a winning idea for a fantasy sports app? Nimble AppGenie is your ideal development partner. Being the trusted fantasy sports app development company with over 8+ years of experience, we build outstanding and visually appealing apps like ParlayPlay that stand out.

Our expert team leverages the latest technologies like AI, ML, AR, and VR to create user-friendly platforms that boost engagement and user retention.

No matter if you are targeting DFS, player props, or traditional fantasy leagues, our professionals build tailored fantasy sports app solutions that connect with your audience.

At Nimble AppGenie, we give assistance to you through the process to make better decisions and scalable choices. So, join hands with Nimble AppGenie for a top-notch fantasy sports app solution.

Conclusion

Developing an app like ParlayPlay in 2025 can be a golden business opportunity. The market is booming, and there is plenty of room to grow.

But to succeed, your application needs to keep users interested and up to date with what’s happening in the industry. It is also vital to be aware of common fantasy sports app development mistakes to avoid, like overloading the app with too many features too soon.

We hope this blog has helped you know the things to focus on, like features, costs, and the development process. So you can develop an app like ParlayPlay with seamless and robust features that stand out.

FAQs

Niketan Sharma

Niketan Sharma, CTO, Nimble AppGenie, is a tech enthusiast with more than a decade of experience in delivering high-value solutions that allow a brand to penetrate the market easily. With a strong hold on mobile app development, he is actively working to help businesses identify the potential of digital transformation by sharing insightful statistics, guides & blogs.