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FanDuel and DraftKings Growth in 2015

Thursday, March 3, 2016 : D.F.S. MARKET LEADERS GROWTH CONTINUED IN 2015
 
But DraftKings and FanDuel are unlikely to repeat the heydays of 2015 in the current legal and political environment.
 
2015 was a good year for daily fantasy sports market leaders FanDuel and DraftKings, with entry fees trebling year-on-year although profitability remained elusive due to high marketing expenses, the publication Daily Fantasy News reported this week.
 
And, given the currently largely hostile political and legal environment since the last quarter of 2015, it is unlikely that the heydays of 2015 will be experienced again, at least in the immediate future.
 
DFS News reports that FanDuel and DraftKings attracted $3 billion in revenues in 2015, but spent hundreds of millions on marketing as they built up their player bases.
 
FanDuel managed to best its arch rival DraftKings in revenues by $600 million last year, the publication notes, quoting estimates from analysts in the absence of numbers from the companies themselves.
 
Those analyst estimates are that  Fan Duel was tops in DFS in 2015, with nearly $1.8 billion in player entry fees; with DraftKings trailing $600 million with $1.2 billion.
 
"Of the $3.1 billion of fees reaped in total, $1.94 billion came from the top 10 US markets. California, which hastily passed a DFS bill recently, led the nation with $357 million in fees. New York, where Atty. Gen. Eric Schneiderman has vowed to shut down the industry, came in second with $267 million," DFS News reports.
 
FanDuel spokesmen have confirmed that their membership has breached the 6 million player benchmark.
 
Analysts believe that the DFS industry has the potential to reach $14 billion in entry fees by 2020, but a lot depends on how individual states decide to treat the genre in terms of their gambling laws. If enough states decide to ban DFS, entry fees could remain stuck in a $2 to $4 billion a year rut, they warn.
 
To date around 20 US states have introduced DFS bills seeking to legalise or regulate the industry.
 
In related news, the publication Daily Dot reports that DraftKings has reversed out of sponsorship activity with several eSports teams despite its launch last September of a fantasy eSports platform offering contests for League of Legends.
 
Shortly thereafter, the DFS operator announced deals with six eSports teams, but these have now been abandoned, the report notes.
 
In the absence of a corporate explanation, the speculation is that DraftKings is feeling the financial pain of multiple lobbying and legal initiative expenses as it fights for survival in the US market.
 
The Daily Dot quotes unnamed sources as revealing that as far back as November 2015 DraftKings was asking to defer payments in some of its sponsorship deals.
 
The only comment from DraftKings has been:
 
“Our partnerships in the growing eSports field have been rewarding and we value our continued relationships with these businesses. We remain committed to offering exciting eSports DFS contests through the DraftKings platform and will continue to explore opportunities accordingly.”
 
Despite the reports, DraftKings still appears active on the sponsorship market; its recent entry to the UK market has been followed by announcements of sponsorship deals with three English Premier League teams.

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Gambling News :

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

Microgaming is set to release three exciting new games in March - Pollen Party will literally have players buzzing with excitement as the ground-breaking, 720 way variable reel online slot is brought to life in a unique honeycomb reel layout.

NBA Odds: Resurgent Clippers Face Warriors in Oakland - After a much-needed lineup shuffle, the Los Angeles Clippers (29-27 SU, 35-21 ATS) carry a four-game SU and ATS winning streak into Thursday’s game against the best team in the NBA, the Golden State Warriors (47-9 SU, 27-27-2 ATS). Tip-off is at 10:30 PM ET on TNT.

NBA Odds: New-Look Pelicans Host Rockets on Thursday - The New Orleans Pelicans just hosted the All-Star Game and saw their very own Anthony Davis win the MVP. But the celebration was brief because the next day, the Pelicans made a huge trade,

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republic’s new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

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