Gambling in the USA

Fantasy Contests revenue drops in Pennsylvania in February

Published

6 years ago

March 18, 2019

Niji Narayan

Fantasy Contests revenue drops in Pennsylvania in February

Reading Time: 2 minutes

The Pennsylvania Gaming Control Board has published its Fantasy Contests Revenue Report for February. According to the report, overall Fantasy Contests revenue in February drops to $1,629,178 from $2,116,499 in January 2019.

The report also offers category-wise figures of fees collected from the play of Pennsylvania participants, Fantasy Contests Operators’ adjusted revenue, and tax revenue due to the Commonwealth. Tax revenue is derived through a 15 per cent 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 February of $244,377.

Fantasy Contests revenue and tax revenue for each of the providers for February 2019 are provided in the following table:

Fantasy Contest Provider	February 2019 Fantasy Contests Adjusted Revenue	February 2019 State Tax Due
DraftKings	$906,451.16	$135,967.67
FanDuel	$622,815.68	$93,422.35
Fantasy Football Players Championship	$47,744.12	$7,161.62
DRAFT	$23,948.17	$3,592.23
Yahoo Fantasy Sports	$9,726.97	$1,459.05
Sportshub Technologies	$6,536.89	$980.53
Fantasy Draft	$5,818.57	$872.79
Full Time Fantasy Sports	$3,985.25	$597.79
Boom Fantasy	$2,151.45	$322.72
Total	$1,629,178.26	$244,376.75

The report can be found at https://gamingcontrolboard.pa.gov.

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 over 16,000 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.

SOURCE Pennsylvania Gaming Control Board

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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.