DraftKings And FanDuel Report Record Entry Fees Despite Growing Scandals
One would think that the seemingly endless scandals involving the largest daily fantasy sport companies DraftKings and FanDuel would have severely affected their numbers. Well think again as the popularity of the DFS sector not only is not slowing down but according to data provided by UK based analytics firm SuperLobby indicates that record numbers of players participate in tournaments for Sunday’s NFL games.
According to SuperLobby over 7 million entries were received by DraftKings and FanDuel in their prize pool tournaments which in simple terms means that they earned over $43 million in entry fees.
As anyone following DFS knows companies like FanDuel and DraftKings earn their money from entry fees and despite the insider trading scandal the playing public are still more than happy to play and invest for the chance to win real money prizes.
Outsiders will have a hard time understanding the passion of DFS players. Especially in light of earlier report that show that only 1.3% of all of DFS players win 91% of all profits mainly through highly sophisticated software involving algorithms.
Added to that are the growing calls to define DFS as gambling as the current legal loophole being used to escape the restrictions of illegal online gambling was never intended to allow DFS to operate .