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Entry fees have declined at major DFS operators
Friday December 11,2015 : ENTRY FEES DOWN AT DAILY FANTASY SPORTS FIRMS
Media and enforcement scrutiny has taken a toll.
Chris Grove, a gambling industry analyst, told an informational forum on daily fantasy sports set up by the Massachusetts Gaming Commission this week that entry fees have declined at major DFS operators following the recent furore over "insider" allegations and increased scrutiny by the media and law enforcement agencies.
Grove, who is a consultant with Eilers Research, said that daily fantasy sports companies such as Boston-based #DraftKings Inc. expected in September that they would collect around $3.7 billion in entry fees, but this amount had now been revised downward to about $3.1 billion, a reduction that he described as a "pretty drastic haircut."
A request for judicial guidance on whether DFS constitutes gambling has been submitted to the New York judiciary by the New York Attorney General's Office and the court's opinion is currently awaited.
In the meantime federal law enforcement officials in Massachusetts, New York, and Florida are also investigating the legality of the industry, and Massachusetts governor Charlie Baker has asked the state Gaming Commission and the state Attorney General to examine how daily fantasy sports might be regulated
Maura Healey, the Massachusetts AG, has suggested a set of regulatory requirements which both DraftKings and #FanDuel have acknowledged would be generally fair and reasonable.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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