Daily fantasy sports operators saw entry fees fall for the third consecutive week as two more US states announced efforts to impose regulations on the sector.
According to data compiled by SuperLobby.com, industry-wide entry fees for DFS operators’ guaranteed tournaments during the NFL’s Week 8 fell roughly 5% from Week 7.
Both DraftKings and FanDuel took in more money than they paid out in Week 8 but continued the slide from their Week 5 peak. Total number of entries in the sites’ Week 8 marquee NFL contests fell by 30k at DraftKings and by 20k at FanDuel.
Across all their NFL guaranteed prize pools, DraftKings took in just over $21.5m in entry fees, down from $22.7m in Week 7 and from $25m in Week 5. FanDuel took in $18.3m, down from $19.1m in Week 7 and from $20.6m in Week 5.