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Entry Revenues Down at DraftKings and FanDuel

Tuesday October 20,2015 :  ENTRY FEES AT MAIN D.F.S. SITES DECLINE FOR FIRST TIME (Update)
 
Speculation that massive negative media coverage is having an impact.
 
The massive negative international media coverage on daily fantasy sports "insider" allegations over the past three weeks  along with political and legality questions may be starting to impact the commercial viability of the two market leaders, DraftKings and FanDuel.
 
The UK-based independent monitor SuperLobby says that the numbers suggest that entry fees for the NFL Week 5 guaranteed prize pools on DraftKings were down 12 percent w-o-w last week at $22.9 million, whilst FanDuel statistics indicated that its week-on-week numbers were 3 percent down at $19.9 million.
 
The total number of paid prize pool entries at DraftKings’ declined 9 percent, with rival FanDuel suffering a 3 percent decrease. On the big-money contests, FanDuel's NFL Sunday Million showed ittle improvement in support, and at DraftKings the $7 million Millionaire Maker fell 10 percent.
 
Both major operator falls are the first this NFL season, which was prior to the insider scandal recording record figures. Total NFL competition guaranteed prize pools across all daily fantasy sports operators were also down at $7.3 million, a week-on-week decline of 6 percent.
 
Presumably in response to the crisis, both DraftKings and FanDuel have reduced the guaranteed pay-outs on NFL week six by a million dollars apiece. They have been joined by the Yahoo DFS operation, which has reduced its guarantee in week six following reduced week-on-week action in week five.
 
Monitors are now closely following statistical developments to assess whether the damage will continue.
 
In related news, DraftKings has released the findings of an independent third party legal review which it commissioned to study the "insider" allegations that triggered the massive negative media and political fall-out for the daily fantasy sports vertical.
 
InfoPowa readers will recall that legal firm Greenberg Traurig has been conducting the review of DraftKing employee Ethan Haskell's activities for the past fortnight.

It's report certifies that it has found no evidence of wrongdoing involved in Haskell's $350,000 win at DraftKings rival FanDuel. Specifically, the investigation showed that Haskell made his win 40 minutes before he had access to sensitive internal company information on player ownership percentages, which could have given him an advantage.
 
DraftKings CEO Jason Robins said that the legal firm also concluded that given the restrictions in place, it was not possible for confidential internal company information to be improperly used.
 
Whilst the result of the Greenberg Traurig review is positive for the company, it still faces the New York Attorney General's investigation, which it has pledged to support



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Is there a place for AI in poker? - If you are into the technology, you have certainly heard about Artificial Intelligence (AI) at least a few times. The word has become even more popular over the course of the last few years, especially with an introduction of another buzz word

MLB Odds: Mets vs. Dodgers - Injuries have kept the New York Mets (31-37, –14.14 betting units) from being all they can be this year, but they expect to have Steven Matz on the mound for Wednesday’s game against fellow southpaw Rich Hill and the Los Angeles Dodgers (44-26, +7.56 units). First pitch from Chavez Ravine is 10 PM ET on ESPN.

NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title - It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.

Vikings’ Victory Slot Launches - The game’s impressive graphics take you to the sea side, where a longship sits beyond the reels. Mountains and trees make up the background, and smoke can be seen billowing from beyond the screen. The five reels are on a sail, with 25 paylines marked by red flags.

50 WSOP Seat Satellite - Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.

NHL Odds: Series Tied Heading Back to Pittsburgh - As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.

Huge Win at Bitstarz Casino - There has been plenty of big wins being landed at BitStarz lately, and yesterday, it was time again. Surprisingly it was yet another Amatic game that made one lucky player extra happy as he raked in an incredible $112,402 during an evening of intense playing.

Beautiful Bones is the latest game release from Microgaming - Beautiful Bones is a five reel, 243 ways to win, visually superb slot. The Day of the Dead-inspired slot features vibrant and elaborately decorated reels, which truly bring this game to life.

NBA Odds: Can Warriors Keep up the Pace in Cleveland? - The Cleveland Cavaliers head back home down 0-2 in the 2017 NBA Finals after losing the first two games straight up and against the spread to the Golden State Warriors by wide margins. Game 3 is Wednesday at 9 PM ET on ABC.

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