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Pennsylvania Gaming Control Board Reports March Fantasy Contests Revenue

George Miller

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Pennsylvania Gaming Control Board Reports March Fantasy Contests Revenue
Reading Time: 2 minutes

 

The Pennsylvania Gaming Control Board today posted on its web site the March 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 March was $1,634,845 compared to adjusted revenue of $1,629,178 in February.

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 March of $245,227. Six of the Fantasy Contest Operators reported tax revenue due.

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

Fantasy Contest Provider

March 2019

Fantasy Contest

Adjusted Revenue

March 2019

State Tax Due

DraftKings

$864,702.58

$129,705.39

FanDuel

$736,340.40

$110,451.06

DRAFT

$20,170.67

$3,025.60

Yahoo Fantasy Sports

$11,528.94

$1,729.34

Boom Fantasy

$2,716.60

$407.50

Sportshub Technologies

$112.58

$16.89

Fantasy Draft

-$727.22

-$109.08

Fantasy Football Players Championship

$0.00

$0.00

Full Time Fantasy Sports

$0.00

$0.00

Total

$1,634,844.55

$245,226.70

 

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 eight 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.

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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Gambling in the USA

GLI University’s Mid-Year Regional Gaming Regulators’ Seminar to Co-Locate with NCLGS Summer Meeting, in Minneapolis

Niji Narayan

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GLI University's Mid-Year Regional Gaming Regulators' Seminar to Co-Locate with NCLGS Summer Meeting, in Minneapolis
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The Mid-Year Regional Gaming Regulators’ Seminar of GLI University will be held in conjunction with the Summer Meeting of the National Council of Legislators from Gaming States. The venue will be the Radisson Blu Downtown in Minneapolis. Regulators participating GLI Mid-Year Seminar are invited to join dozens of state legislators and hundreds of industry professionals at the NCLGS Summer Meeting.

“As the number of states considering and adopting sports betting laws continue to increase at a pace much faster than anticipated, the GLI Regulators Seminar and NCLGS offer the ideal forum for the discussion of policy choices facing legislators and regulators. GLI’s partnership with NCLGS has resulted in record attendance at both gatherings by attracting the leading policy makers and regulators in the country. It is truly a unique opportunity to meet with those shaping gaming policy and the regulatory environment in the U.S,” Kevin Mullally, GLI Vice President of Government Relations and General Counsel said.

NCLGS is the only organization of state lawmakers that meets on a regular basis to discuss issues relating to gaming. Members of NCLGS serve as chairpersons or members of state legislative committees responsible for the regulation of gaming in their state legislative houses.

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Gambling in the USA

Guest from Missouri Wins Grand Prize of $1 Million in Slot Tournament at M Resort

Niji Narayan

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Guest from Missouri Wins Grand Prize of $1 Million in Slot Tournament at M Resort
Photo Source: booking.com
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John E, a lucky guest from Hollywood Casino – St. Louis in Missouri, has won the grand prize of $1 million during the 2019 mychoice Millionaire Slot Tournament at M Resort. After three rounds of the tournament play, John E ended up with the highest cumulative score to become the winner of $1 million.

“Out of over 300 players that participated in the 2019 mychoice Millionaire Slot Tournament, we are beyond thrilled that John E. won the grand prize of $1 million. M Resort is a fantastic place to stay and play, especially as our all-new mychoice program ramps up this summer with some really great promotions,” Patrick Durkin, VP of Marketing at M Resort Spa Casino.

During the tournament weekend, guests enjoyed not only exciting gaming action, but also took advantage of M Resort’s unparalleled selection of food and beverage offerings and entertainment. $10,000 in Free SlotPlay and comps were also awarded to lucky mychoice Millionaire attendees throughout the tournament.

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Gambling in the USA

Republican Senator Says Anti-Loot Box Bill Mainly Focus on Children

Niji Narayan

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Republican Senator Says Anti-Loot Box Bill Mainly Focus on Children
Photo Source: politico.com
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Josh Hawley, the Republican senator, has made waves with his proposal “Protecting Children from Abusive Games Act.” The bill would ban loot boxes and microtransactions in games “designed for children.” According to Hawley, children are the main focus of the bill.

Hawley revealed that the idea for the bill came from “being a parent of two little boys,” as well as “talking to a lot of parents.” He also mentioned that he has heard from “lots of gamers” about their worries about the increasing volume of microtransactions in all kinds of games. Hawley also said that his children do not currently play games at all.

According to Hawley, children may not “know the nature of these microtransactions.” Comparing them to casinos, which of course minors aren’t legally able to enter, he noted that this bill falls in line with other efforts to “regulate what our children are exposed to.”

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