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Daily fantasy sports phenomenon In perspective
Tuesday October 21,2014 : PUTTING THE FANTASY SPORTS PHENOMENON INTO PERSPECTIVE
An interesting look at the daily fantasy sports boom, and how it relates to online gambling in New Jersey.
The recent upsurge in fantasy sports news coverage - mainly focused on the burgeoning daily fantasy sports phenomenon - has prompted the information site Online Poker Report to carry out some research....with interesting results.
Like most of us, OPR expected the research to show that daily fantasy sports is outpacing online gambling revenues, particularly when compared with so far disappointing results from jurisdictions like New Jersey.
The information site points out that the daily fantasy sports sector is accepted by the major sports leagues; is heavily marketed; has good payment structures that include PayPal; is a subset of traditional fantasy sports betting; and is legal in over 40 US states, giving it a major advantage over intrastate online gambling in New Jersey.
However, the statistics indicate the contrary, with New Jersey online gambling daily stats well ahead of those from fantasy sports daily action...almost double, in fact.
That's remarkable, considering that the daily fantasy sports stats are for that entire industry.
To arrive at its conclusions, OPR took into account actual revenue reported by NJ online casinos and poker sites through September this year, balanced by publicly available revenue information from FanDuel through September and projections from Eilers Research and OPR.
Whilst accepting that it may be comparing apples with oranges and is open to correction, the OPR assessment nevertheless makes for interesting reading, suggesting that daily revenues from New Jersey online poker and casino combined are around $130,000, compared with daily fantasy sports revenues a little short of $80,000.
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Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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