The DFS segment in Pennsylvania reported an increase in adjusted revenue in March 2019.
US.- The Pennsylvania Gaming Control Board (PGCB) has announced the March Fantasy Contests Revenue Report. The report details fees collected from the play of Pennsylvania participants, Fantasy Contests Operators’ adjusted revenue, and tax revenue due to the Commonwealth.
The report shows that fantasy adjusted revenue for March was US$1.63 million, a slight increase when compared to the adjusted revenue of US$1.62 million that was registered 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, the PGCB explained. This resulted in tax revenue generated during March of US$245k.
The operator with the biggest adjusted revenue reported in March 2019 was DraftKings with US$864k, while FanDuel was in second place with US$736k. The companies were also the ones with the biggest state tax due, with US$129k and US$110k respectively.