The local regulator reported an increase of approximately US$300k in adjusted revenue.
US.- The Pennsylvania Gaming Control Board (PGCB) announced this week the November fantasy sports contests revenue report, which provides a breakdown on fees collected from the play of Pennsylvania participants, fantasy sports contests operators’ adjusted revenue, and tax revenue due to the Commonwealth.
The report details that adjusted revenue for November was US$3.2 million, approximately US$300k higher than the US$2.9 million registered in October. Tax revenue is derived through a 15% assessment on the adjusted revenue reported by the fantasy sports contest operators and is deposited into the Commonwealth General Fund. This resulted in tax revenue generated during November of US$486.1k.
DraftKings registered US$1.7 million in fantasy sports contest adjusted revenue and US$262.4k in state tax due, while FanDuel’s numbers were US$1.4 million and US$213k respectively.