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Pennsylvania Gaming Control Board Reports January Fantasy Contests Revenue

George Miller

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Pennsylvania Gaming Control Board Reports March Sports Wagering Revenue
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The Pennsylvania Gaming Control Board posted on its web site the January 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 adjusted revenue for January was $2,116,499 compared to adjusted revenue of $2,860,503 in December 2018.

Tax revenue is derived through a 15% assessment on the adjusted revenue reported by the Fantasy Contest Operators and is deposited into the Commonwealth General Fund. This resulted in tax revenue generated during January of $317,475. Seven of the Fantasy Contest Operators reported tax revenue due.

Fantasy revenue and tax revenue for each of the providers for January 2019 is displayed in the following table:

Fantasy Contest Provider

January 2019

Fantasy Contest

Adjusted Revenue

January 2019

State Tax Due

DraftKings

$1,026,565.22

$153,984.78

FanDuel

$998,218.08

$149,732.71

Yahoo Fantasy Sports

$41,878.21

$6,281.73

DRAFT

$35,986.44

$5,397.97

Sportshub Technologies

$8,795.00

$1,319.00

Fantasy Draft

$4,201.20

$630.18

Boom Fantasy

$854.78

$128.22

Total

$2,116,498.93

$317,474.59

 

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 at six locations. 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 nearly 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

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Fantasy Sports

FSI Partners With Amelco To Provide Fantasy Sports To Global Tier-1 Operators

George Miller

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FSI Partners With Amelco To Provide Fantasy Sports To Global Tier-1 Operators
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Fantasy Sports Interactive (FSI) are thrilled to announce a strategic partnership with leading sports betting platform provider, Amelco.

FSI have signed an Agreement to provide Amelco with Fantasy Sports Betting and Gaming solutions for their world-class gaming industry clientele.

Fantasy Sports Interactive will supply Amelco with their skill gaming and pool betting options, as well as their exclusive Fixed-Odds-Fantasy offering, a combination of Sportsbook and Fantasy Sports gameplay.

Fixed-Odds-Fantasy is based on a unique methodology combining reliable sports statistics, advanced statistical and mathematical models and machine learning, to deliver an engaging sportsbook offering.

FSI’s Fantasy Sports Solutions are built on innovation, aiming for growth.

From product originality and diversity, to an optimal user experience and the promotion of user engagement, FSI’s suite boosts customer acquisition and retention by targeting various and complex demographic groups – like the multi-generational millennials – through innovation and high playability.

Amelco’s CEO, Paul Manning, stated on the partnership: “Amelco are very pleased to announce our partnership with FSI and we look forward to offering FSIs innovative fantasy content to our existing and new customers worldwide.

The FSI product is a novel addition to the growing and already large list of 3rd party products and feeds integrated to the Amelco platform”.

The Fantasy Sports Interactive team are proud and excited to enter this partnership. In the CEO’s, Dennis Tsalikis’s words, “we feel that Amelco, as an established Company providing trading solutions and market leading sportsbook to top gaming companies, is a perfect match for FSI’s quality and analytically oriented product development philosophy. We are looking forward to creating a productive and succesful synergy with the great people of Amelco”.

 

About FSI:

FSI is an awarded, innovative Fantasy Sports Software company, offering a complete range of options for the sports betting and iGaming Industry. FSI was the first to introduce a ‘Fantasy Sportsbook’ in Europe in 2015 through Bet4theBest Ltd., FSI’s own proof of concept. Company services include cross-platform, mobile-first solutions and back-end Support Services, while FSI’s experienced team offers growth development strategy and day-to-day management consulting.

About Amelco:

Founded in 2006 by veterans of the global financial sector, Amelco builds bespoke trading and sportsbook solutions for the sportsbook industry’s tier-1 operators.

Headquartered in the City of London, Amelco utilises the best technical talent available to supply some of the most cutting edge modular and end to end solutions ever seen in the industry. Born out of a history of building software solutions for pricing, trading and execution platforms in the fintech sphere, Amelco is the supplier of choice for a number of the industry’s multi-territory tier-one operators, including Flutter, GVC and Stars Group.

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Fantasy Sports

DraftKings and Vox Media’s SB Nation Launch DraftKings Nation

Niji Narayan

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DraftKings and Vox Media’s SB Nation Launch DraftKings Nation
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Vox Media’s SB Nation and DraftKings have announced a multi-year editorial and technology partnership, DraftKings Nation. The property will have an immediate focus on the 2019 NFL season.

DraftKings Nation media property operates on Chorus, Vox Media’s proprietary publishing platform, which provides industry-leading publishing capabilities for modern media companies. In the coming months, DraftKings Nation will provide original content, key insights, analysis and lifestyle coverage from all angles of daily fantasy and sports betting.

“Over the past decade, SB Nation has honed a unique ability to engage massive fan communities while Vox Media’s innovative technology platforms, Chorus and Concert, have accelerated that growth. Now, in partnership with DraftKings, we have combined our editorial vision and expertise, paired with our technology capabilities to serve passionate sports fans in this fast-growing area,” Jim Bankoff, Chairman and CEO of Vox Media said.

“DraftKings’ partnership with SB Nation provides a new, best-in-class content destination for passionate, skin-in-the-game sports fans. In addition to consumers being able to access expert analysis, this partnership gives advertisers, brands and marketers a new platform to reach highly engaged and coveted sports fans,” Ezra Kucharz, chief business officer of DraftKings said.

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Fantasy Sports

Fantasy Sports Interactive Launches Fixed-odds-fantasy Innovation With Betting Entertainment Technologies

George Miller

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Fantasy Sports Interactive Launches Fixed-odds-fantasy Innovation With Betting Entertainment Technologies
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Fantasy Sports Interactive (FSI) are proud to announce their partnership with Betting Entertainment Technologies (Pty) Limited (B.E.T), to distribute FSI’s exclusive Fixed-Odds-Fantasy product to South Africa, BLNS Countries and internationally.

FSI introduced their exclusive Fixed-Odds-Fantasy product at ICE 2019. Fixed-Odds-Fantasy is a world-first gaming concept, powered by a unique methodology that provides Fixed Fantasy Betting Odds.
The offering combines Sportsbook with Skill Gaming, attracting a variety of audiences through traditional betting concepts and user engagement.
For operators, Fixed-Odds-Fantasy is the solution to player liquidity and related marketing expenses such as high Guaranteed Prizes.

FSI’s Fixed-Odds-Fantasy methodology is based on advanced statistics and the correlation between numerous sports stats and significant factors, ranging from athletes’ history and performances, to League Fixtures parameters, weather and pitch conditions.
Taking into consideration customer behaviour, external data, statistics and FSI’s specific Fantasy Scoring System, the algorithm is able to deliver Fixed-Odds sets for every Gameweek, using machine learning for further optimization through time.
The key factor to Fixed-Odds-Fantasy’s success is detailed sports statistics acquired by established and trusted providers like Stats Perform.

The FSI team are delighted to welcome B.E.T as a partner for the distribution of Fixed-Odds-Fantasy and are looking forward to a long and successful relationship.

FSI’s CEO, Dennis Tsalikis, stated:
“We are excited to welcome aboard B.E.T’s team of experts. B.E.T is a distinguished gaming software provider featuring partnerships with renowned companies such as Betradar, Betgenius, Microgaming, Hollywoodbets, Chalkline Sports and many more, and we are certain that our relationship will be significant and fruitful in the key area of South Africa and globally”.

B.E.T’s General Manager, Michael Collins, stated:
“We are excited to enter into our new relationship with FSI as Business to Business partners in what will be a first for the South African market! At B.E.T. we are constantly looking for ways to enhance our customers’ betting experience, and because of that we are always searching for other market leaders to be our strategic partners. We believe that FSI meets this criteria and we look forward to introducing all the innovation that FSI can bring to our platform. Fantasy betting presents an exciting opportunity and we are eager to collaborate and take this to market. It will be integrated into B.E.T.’s bespoke wagering software solution called SyX, so will be readily available to all our customers.”

About FSI:
FSI is an awarded, innovative Fantasy Sports Software company, offering a complete range of options for the sports betting and iGaming Industry. FSI was the first to introduce a ‘Fantasy Sportsbook’ in Europe in 2015 through Bet4theBest Ltd., FSI’s own proof of concept. Company services include cross-platform, mobile-first solutions and back-end Support Services, while FSI’s experienced team offers growth development strategy and day-to-day management consulting.

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