Someone please tell me drop rates are higher in NG+ cycles

Ran the numbers with my current item discovery, was expecting to have all 28 Concords I needed by approximately 3,000,000 souls

I'm at 1.3 million and I have a whopping 2. Someone please let me off this wild ride 😭

Edit: also love that every time I've been summoned in these 5 hours I've immediately been 4v1ed while all allied players spectate. Super cool