Daily fantasy sports operators reported their fifth straight week of declining activity levels following yet another week of legal controversy.
Week 10 of the National Football League season saw DFS participation drop across the board after New York’s Attorney General formally accused DraftKings and FanDuel of being illegal gambling operators and gave them five business days to exit the market.
FanDuel has announced it will stop serving New York players as of this week while DraftKings has stopped accepting new deposits from New York players, although both sites remained accessible to players for this weekend’s contests.
According to data compiled by the DFS analysts at SuperLobby, FanDuel reported a $1.15m decline in its NFL guaranteed prize pool (GPP) entry fees from Week 9’s $18.3m, while DraftKings’ GPP fees fell $1.7m to $20.4m. Despite the drops, FanDuel’s $3m Sunday Million exceeded its guarantee by $400k while DraftKings took in $700k more than its $5m Millionaire Maker had guaranteed.