Daily fantasy sports activity fell for the sixth straight week thanks in part to FanDuel’s decision to exit the New York market.
According to stats provided by DFS analysts SuperLobby.com, guaranteed prize pool (GPP) fees in the NFL’s Week 11 were down at both FanDuel and DraftKings. The decline was far more pronounced at FanDuel, but both sites continued to take in more than they paid out.
DraftKings, which has remained in the New York market in defiance of New York Attorney General Eric Schneiderman’s cease & desist order, reported Week 11 NFL GPP fees of $20.4m, down just 0.25% from Week 10. But the company’s payouts fell to $18m, resulting in an 11.6% margin, up from 11.5% in Week 10, making it DraftKings’ best margin performance to date this NFL season.
FanDuel has complied with Schneiderman’s C&D, and its NFL GPP fees fell by around $1.1m to $15.9m. Counting FanDuel’s NFL cash games, the site took in $23.6m (-$1.44m) in fees and paid out $21.2m, for an effective margin of 10.3%