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Are Daily Fantasy SPorts Threats To Lotteries and Casinos

Sunday November 1,2015 :  NEW POLL CLAIMS THAT DAILY FANTASY SPORTS COULD BE A THREAT TO CASINOS AND LOTTERIES
 
Most DFS participants agree that money spent online reduces the amount spent on casino games and lotteries.
 
An online poll conducted by the Leger research intelligence group among 1,004 US daily fantasy sports players has concluded that money spent on online DFS reduces the amount spent on casino and lottery games and tickets.
 
More than 61 percent of DFS players said that their spending on DFS decreased the amount they budgeted for casino and lottery games such as Mega Millions, Powerball or Instant Games.
 
Fanduel players interviewed online spent an average $37 per playing session, whilst DraftKings respondents spent slightly more on average at $39. Leger says these amounts increase substantially among players who frequent both market leaders.
 
In addition to lowering lottery spend, 56 percent of DFS players say that this season’s Fantasy Football spend has decreased their casino gambling budgets, a development which may in part explain why Nevada banned unlicensed DFS action recently
 
Leger points out that 15 percent of U.S. adult respondents claimed to have played on DFS sites this season, narrowly behind the 17 percent who report playing in a regular, traditional Fantasy Football (FF) league this season.
 
“The onslaught of advertising by both FanDuel and DraftKings seems to be paying off in both DFS brand awareness as well as participation,” said Lance Henik, senior account manager at Leger.
 
“Moreover, the results of our latest poll show that room for growth in DFS participation continues to exist, despite the controversy around the ‘Coke and Pepsi’ of the DFS Industry reaching new heights this October.”
 
Leger's October 2015 poll shows more than one in four (28 percent) adults overall consider DFS play as gambling.  The perception of Daily Fantasy Sports as gambling increases dramatically among DFS players, as more than four in five (85 percent) who play DFS overall consider their participation as gambling. 
 
And a significantly higher proportion of adults overall (39 percent) consider ‘regular’ Fantasy Sports (such as Fantasy Football, Fantasy Baseball, etc.) as gambling when compared to the daily version.
 
“The general knowledge and experience, direct or otherwise, around the ‘traditional’ Fantasy Football league casts a wider net than DFS,” said Henik. “While players of Fantasy Football and/or DFS consider either activity as gambling; there are also more conversations witnessed among colleagues, friends, family, etc., around Fantasy Football leagues than DFS, the latter of which tends to be an individual activity.”
 
Overall, 40 percent of US respondents to the Leger study do not think employees of companies that run daily or weekly fantasy sports websites should be allowed to play daily/weekly fantasy games, with another quarter (24 percent) unsure. 
 
This is in direct contrast with the perception of DFS among its players, where nearly three-quarters (73 percent) DFS players think employees of these companies should be allowed to play daily/weekly fantasy games, and nearly half (45 percent) think employees should be
allowed to play regardless of whether they are employed by the same site, and 28 percent think they should be allowed to play, but only at a different site).
 
Referencing the recent "insider" DFS scandal centred on an employee playing and winning on a rival DFS site, Henik comments:
 
“By and large, DFS players are seemingly unmoved by this scandal [and] the impact on play is nowhere near the extent experienced by the online poker sites a few years ago, at least in the short term.”
 
Further illustrating the strength of DFS play in spite of the 'insider' scandal is the room for growth that still exists for new DFS players this season, he says
 
According to Leger, 9 percent of current non-players claim they are either “extremely likely,” or “very likely” to play on a DFS site this season, with 4 percent stating ‘extremely likely’.  If this increase in player penetration happens, DFS play could well surpass conventional traditional FF league play by the end of the NFL season.
 
Leger found that both regular fantasy football and DFS action is at 28 percent for both forms among the desirable younger Millennials demographic (18-29 year olds). However, a gap exists between the older Millennial/younger Generation X group, those between 30-39 years age, who played DFS (26 percent) and playing FF (30 percent).
 
Finally, Leger’s research also shows that potential players aged 30-39 are more than four times as likely as their younger peers to cite a strong likelihood to play DFS this season, indicating that future growth could come from the slightly older millennials.

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Gambling News :

Unibet Name Changed to Kindred Group plc - Following an extraordinary general meeting at which shareholders approved the change of the Unibet title and brand to Kindred Group plc, the online gambling group will begin trading under the new name on December 12.

Kenya Betting Control Board Reviewing Changes - Kenya's booming sports betting sector could be facing stiffer government controls, especially regarding marketing, advertising and promotions, according to local media reports revealing that parliament is studying potential amendments to the Betting, Lotteries & Gaming Act.

Britan To Tighten SpreadBetting Controls - The UK media reported widely Tuesday that Britain's Financial Conduct Authority has announced a crackdown on spread betting using contracts for difference (CFDs) following FCA research that showed 82 percent of clients had lost money in the sector.

Playtech to Buy Back 50 Milliuon in Shares - #playtech In a statement, the company said that the decision reflects continued confidence in the growth and prospects of the business and its high cash generation, and revealed that it continues to trade in-line with expectations.

Sentencing in Vietnam Gambling Bust - The People’s Court in HCM City handed down sentences Monday to dozens of defendants linked to a major online sports betting ring dismantled last year by Vietnamese police.

Gamevy in Deal With Betsson - #Gamevy says it is partnering with several leading operators to deliver bespoke content that offers a real point of difference to players and increases brand loyalty.

Pkr To Offer Virtual Sports - #pkr The long established and respected online poker and casino operator PKR.com has followed its switch to Microgaming's MPN network earlier this year and the more recent launch of its live dealer offering with a new Virtual Sports attraction powered by Kiron Interactive.

Boris Becker New PartyPoker ambassador - #partypoker To celebrate the signing PartyPoker has created a Beat the Ace competition in which players get the opportunity to test their skills and luck in four $5,000 freerolls which started December 5. The overall winner will then get to play Becker heads up live in Germany for up to $25,000.

Snowmania Slot Launches - Capturing the festive feel in the now chilly northern hemisphere, RealTime Gaming has released its December offering, a 5 reel, 20 pay-lines online slot with a jackpot of 37,500 coins.

SportPesa is negotiating a major sponsorship deal with Everton - #SportPesa The Kenyan retail and online sports betting firm SportPesa is in the football sponsorship headlines again just days after news that it has inked a multi-million pound partnership with Hull City FC.

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