DFS revenue up in Pennsylvania

Revenue from daily fantasy sports (DFS) in Pennsylvania during August operations increased 47.2%, says the PGCB.

US.- Daily fantasy sports (DFS) keeps expanding its domination in the US market, this time by posting a 47.2% increase in revenues in Pennsylvania. Operators posted US$1.3 million in revenue from fantasy sports contests during last month’s operations.

The Pennsylvania Gaming Control Board (PGCB) released this week the report that details operations in the state. The US$1.3 million figure represents a 47.2% rise from the US$943k registered during the same period last year.

According to the financial report, DraftKings continues to dominate the Pennsylvanian DFS market. The operator posted US$755k in revenue, which is a 51% increase over the US$502k registered during the same period last year.

FanDuel is the second-biggest operator in Pennsylvania, as it totalled US$610k in revenue in August. The figure represents a 44% rise over August 2018’s US$424k.

Moreover, Draft and Yahoo Fantasy Sports registered a 54% and 356% increase in revenues last month. The companies totalled US$16k and US$6.1k respectively. Sportshub Technologies, Boom Fantasy and Fantasy Draft experienced negative results in August.

Sportsbooks in Pennsylvania register US$109 million in handle

Sportsbooks in the state generated US$9.9 million and registered a record US$109 million in handle.

Online and retail sportsbooks’ record in August is US$4.8 million higher than the previous record of US$5.1 million in July. The performance also sent US$2.1 million into state and local government coffers. Online sports betting increased from US$39 million in July to US$83.2 million, which is a 65.7% rise from July. It also represents 76% of Pennsylvania’s total handle.

Moreover, retail sportsbooks in Pennsylvania also registered a good performance during last month’s operations. SugarHouse’s sportsbook was the one with the biggest lead in August, with US$5.4 million in bets and US$816k in revenue.