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DraftKings and FanDuel Still Losing Customers
Wednesday December 23,2015 : DAILY FANTASY SPORTS MARKET SIGNIFICANTLY SOFTER
Independent monitor SuperLobby says overall industry entry fees were down to $35.5 million last week.
Daily fantasy sport market leaders DraftKings and FanDuel may be hoping that the holiday season brings more fans and competition entry fees to their sites following last week's numbers from independent monitor SuperLobby, which portrayed a marked slowdown in action since the DFS gambling furore hit the headlines three months ago .
SL reported that overall daily fantasy sports entry fees in guaranteed prize pool competitions sank to $35.5 million, and the monitor puts that figure into perspective by pointing out that before the DFS row surfaced those were the sort of numbers that FanDuel alone used to generate in a week.
On the current numbers, FanDuel generated entry fees of $17.8 million last week, a decline compared to the preceding week but with an improved margin of 10.83 percent. DraftKings GPP entry fees were $17.18 million in the same reporting period, a little better than the preceding week, but the margin was drastically reduced at just under 5 percent (the previous week it was 11 percent).
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Opap in memorandum of understanding With Inspired -
Virtual sports provider Inspired has entered into a memorandum of understanding (MOU) with Greek betting and lottery operator OPAP for the supply of its full suite of virtual sports, for integration online and across OPAP's retail network.
DeltaCorp To Acquire ace2three -
Our readers will recall Delta Corp. acquired a 26 percent stake in Gaussian Networks, parent company of India’s largest online poker operator Adda52 earlier this month
More Australian POC Taxes -
In an interview with The Australian, Tabcorp chief executive offer David Attenborough warned “global rivals” of his belief that other Australian states are moving fast to follow South Australia’s lead in implementing a point of consumption tax.
William Hill Exits Russia -
"Starting from September 23 William Hill Casino Club will terminate its activities in the Russian territory for legislatory reasons. All active customer accounts will be suspended," the advisory reportedly detailed.
Pennsylvania Online Gambling Hearing Postponed till October -
HR 2150, which includes DFS and e-gaming elements, was passed as part of the critical state budget bill by the House in June this year, with lawmakers expecting the bill to contribute $100 million annually in licensing and fees to help balance the state budget.
Two Mega Fortune Dreams Jackpots Hit -
Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.
ASA Looking at Ladbrokes and Netbet ads -
A TV ad for Cosmo Gaming’s NetBet online casino was determined by the UK Advertising Standards Authority (ASA) as glamorising online gambling following a single complaint.
Betconstruct In Deal With Realistic Games -
BetConstruct has agreed a deal in which it will integrate a range of Realistic Games online table and slot content including blackjack, roulette and slot titles Super Graphics Upside Down, The Fruit Factory and Fireworks.
XLMedia Half 1 2016 Earnings Report -
Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.
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