Spending on DraftKings, FanDuel dips as regulators scrutinize daily fantasy sports sites
J Thoendell stashed this in Sports
For the first time this NFL season, total spending and participation from consumers on daily fantasy sports sites decreased week-over-week.
SuperLobby, a U.K.-based research firm that tracks spending on daily fantasy sports sites, reported today that both DraftKings and FanDuel “experienced a significant reduction in player numbers and total entry fees in” on Sunday when compared to the week prior for NFL contests.
DraftKings posted 3.76 million guaranteed prize pool entries this past Sunday versus 4.14 million the week prior and saw total entry fees drop from $25.05 million to $22.86 million. FanDuel, meanwhile, had 3.27 million entries this past Sunday versus 3.38 million the week prior, and saw total entry fees drop from $20.58 million to $19.93 million.
“After last week’s astonishing NFL GPP figures, the daily fantasy sports industry experienced a reality check yesterday,” SuperLobby CEO David Copeland said in a statement.