DraftKings’ margins fall more than half; Texas AG not swayed by DFS lobbying

Daily fantasy sports activity continues to slow despite the top two operators’ return to the New York market.

According to data compiled by the super number crunchers at DFS analyst SuperLobby.com, industry-wide guaranteed prize pool (GPP) entry fees came to $35.5m last week. SuperLobby notes that this total is less than what FanDuel used to report all on its own prior to the nine-weeks-and-counting decline in DFS activity.

FanDuel’s total GPP and cash game entry fees hit $17.8m last week, down $1m from the previous week. However, the site posted a margin of 10.83%, second only to its 10.89% margin in Week 5.

SuperLobby doesn’t track cash games at DraftKings, but the site’s GPP fees hit $17.18m, up slightly from $17.1m the previous week, marking the first week-on-week improvement in nine weeks. But the site’s margin slumped to 4.75%, less than half the 11% reported the previous week and its lowest margin since Week 2 of the NFL season.