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Pennsylvania Gaming Control Board Reports December & 2018 Fantasy Contests Revenue

George Miller

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Pennsylvania Gaming Control Board Reports December & 2018 Fantasy Contests Revenue
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The Pennsylvania Gaming Control Board posted on its web site the December Fantasy Contests Revenue Report. The report provides a breakdown on fees collected from the play of Pennsylvania participants, Fantasy Contests Operators’ adjusted revenue, and tax revenue due to the Commonwealth. The report can be found at www.gamingcontrolboard.pa.gov.

Fantasy Contests adjusted revenue for December was $2,860,503 compared to adjusted revenue of $3,241,161 in November.

Tax revenue is derived through a 15% assessment on the adjusted revenue reported by the Fantasy Contests Operators and is deposited into the Commonwealth General Fund. This resulted in tax revenue generated during December of $429,075.51. Nine of the Fantasy Contests Operators reported tax revenue due.

Fantasy Contests revenue and tax revenue for each of the providers for December 2018 and for the calendar year 2018 is displayed in the following tables:

PGCB Reports December & 2018 Fantasy Contests Revenue

 

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state’s casino industry, including sports wagering offered currently by four casino operators. The oversight also includes other new gaming initiatives, expected to be launched in the coming months, which were created through Act 42 of 2017, an amendment to the Race Horse Development and Gaming Act.

The Commonwealth’s casino industry currently consists of 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos.  These facilities collectively employ 17,000 people and annually generate approximately $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to Pennsylvania homeowners.

Additional information about both the PGCB’s gaming regulatory efforts and Pennsylvania’s gaming industry can be found at gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.

Source: Pennsylvania Gaming Control Board

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Fantasy Sports

Scout Gaming wins “Fantasy Sports Supplier of the year” at EGR B2B awards for the third year in a row

George Miller

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Scout Gaming wins “Fantasy Sports Supplier of the year” at EGR B2B awards for the third year in a row
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Scout Gaming has won the EGR Award category “Fantasy Sports Supplier of the year” 2020, which is the third time in a row.

Scout Gaming is currently undergoing an intense growth establishing the Fantasy sports vertical.

“We are pleased to receive this award for the third year in a row. It means a great lot to us that the market appreciates the dedication and hard work we put into developing a market leading fantasy sports product tailored for the European market.

Our believe has always been that fantasy is the next gambling vertical in Europe. The increased demand seen during this last year shows that this is now an opinion shared with the large European operators. During this year we have successfully launched with the market leading operators in both Greece and the Baltics. We now look forward to launch in our home market Norway – a very well recognized fantasy sports market. In addition, we also experience increased demand from other market leading operators on the continent” comments Scout Gaming’s CEO, Andreas Ternstrom.

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FSI Launches Fixed-Odds-Fantasy Innovation In South Africa with Hollywoodbets

George Miller

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FSI Launches Fixed-Odds-Fantasy Innovation In South Africa with Hollywoodbets
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Fantasy Sports Interactive are delighted to announce the launch of their innovative odds-based Fantasy Sports offering, Fixed-Odds-Fantasy, in South Africa on the region’s most popular Sports Betting operator, Hollywoodbets.

FSI’s original offering combines Fantasy Sports gameplay and Sportsbook, providing Hollywoodbets’ customers with a diverse gaming experience, where they can enjoy fantasy football as a skill game and bet to win cash, according to a dedicated set of fantasy odds.

Specifically, Hollywoodbets users are able to create their own fantasy team, tapping into detailed League Players’ statistics, and bet on their team’s fantasy prowess according to a dedicated set of fantasy odds.

Fixed-Odds-Fantasy features a series of fantasy points thresholds (point ranges) that users’ fantasy teams are required to reach in order to win. FSI generates the fantasy-based odds (multipliers) defining the winnings for each threshold every week, using an original AI-based fantasy odds generation algorithm.

FSI’s offering went live on Hollywoodbets’ platform in June 2020, under the product name “Fantasy League Betting”.

Fantasy Sports Interactive’s CEO, Dennis Tsalikis, stated that “at FSI we are thrilled to reach the South African audience through the leading operator in the region. Hollywoodbets have a strong presence in the online and retail betting market, and an experienced team we have been delighted to collaborate with. We are confident about the product’s success and the future of this partnership”.

Rowan Cross, Hollywoodbets COO, commented: “We here at Hollywoodbets are thrilled to be the first South African company to bring this new bet type to our valued customers. Thanks to this partnership with FSI a whole host of new betting opportunities will now be available to the many fantasy league fans out there. We urge our customers to keep looking out for other exciting Fantasy League updates from Hollywoodbets and FSI in the near future”.

The Fixed-Odds-Fantasy product distribution to Hollywoodbets is a result of FSI’s strategic partnership with Betting Entertainment Technologies (Pty) Limited (BET).

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Fantasy Sports

Scout Gaming has been nominated for the EGR B2B Awards for the 4th consecutive time, in the category Fantasy Sports Supplier

George Miller

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NOTICE TOScout Gaming has been nominated for the EGR B2B Awards for the 4th consecutive time, in the category Fantasy Sports Supplier ATTEND THE ANNUAL GENERAL MEETING OF SCOUT GAMING GROUP AB
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Having won both 2018 and 2019, Scout Gaming has yet again been recognized as an industry leader by being shortlisted at the prestigious EGR B2B Awards. Scout Gaming has been nominated in the category for best Fantasy Sports supplier and the winner will be announced on the 21th of July during a digital ceremony.

EGR Awards is one of the industry’s most honorable award ceremonies. The judging process is made up of a team of independent external judges and the results are audited by Deloitte to ensure fairness and transparency.” I am pleased that Scout year after year is being recognized as one of the industry’s top performing businesses by being nominated again at the EGR B2B Awards. I want to thank our excellent product development teams that are working tirelessly to keep our product at the absolute forefront of innovation and quality” commented Andreas Ternström, CEO.

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