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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.
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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