DraftKings, FanDuel Enjoy Higher Entry Revs, Some TV Ad Cuts

Top TV marketers in the daily fantasy sports category, DraftKings and FanDuel, didn’t miss a beat amid “insider trading” deal concerns that rose last week -- with weekly entry fees posting more than $20 million for each operator.

Still, there were some cutbacks among the big players in national TV advertising. This past weekend Thursday, October 8 to Sunday, October 11, DraftKings spent $4.4 million, to iSpot.tv. A week, October 1 to October to October 5, it was $8.6 million.

For a day or two following The New York Times story of alleged insider trading by DraftKings employees, the company stopped some advertising. Additionally, big cable sports channel, ESPN, suspended, for a couple of days, sponsored segments of the company, which included on-air billboards.

But all this didn’t seem to harm revenues some got from entry fees. DraftKings led all DFS companies -- with $25.0 million in entry fees, according to SuperLobby.com, which does analytics for the daily fantasy sports category.

advertisement

advertisement

By way of comparison, DraftKings big rival FanDuel upped its national TV ad spending $13.1 million for most recent four day weekend NFL period, Thursday through Sunday, versus $12.8 million the week before.

For both companies, the number of entries were up this past week versus a week before: DraftKings got 4.14 million entries this past weekend, up from 3.75 million the week before; FanDuel tallied 3.38 million; a week ago it was 3.18 million. FanDuel tallied $20.6 million in entry fee receipts for the most recent weekend.

FanDuel netted out higher revenue results than DraftKings after paying out prize money: FanDuel took in $3.5 million; DraftKings, $2.6 million.

Well behind DraftKings and FanDuel was Yahoo’s daily fantasy sports business: $1.3 million in entry fees, 192,000 total entries, and netting $26,625 after paying out prize money.

Next story loading loading..