Daily Fantasy Sports

PGCB announces DFS revenue for October

Published

7 years ago

November 21, 2018

Niji Narayan

Reading Time: < 1 minute

The Pennsylvania Gaming Control Board (PGCB) has announced the daily fantasy sports (DFS) revenue for October. Overall revenue is totalled US$2.9 million, about US$800k more than the adjusted revenue reported in September.

Tax revenue is derived through a 15 per cent assessment on the adjusted revenue reported by the fantasy sports contest operators and is deposited into the Commonwealth General Fund. This resulted in tax revenue generated during October of US$435k. Moreover, it was revealed that seven of the fantasy sports contest operators reported tax revenue due.

DraftKings posted the largest revenue with US$1.5 million, closely followed by FanDuel with US$1.2 million.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.