PGCB reports increase in DFS revenue

Fantasy contests (DFS) revenue increased 35% during May operations in Pennsylvania and totalled US$1.8 million.

US.- The Pennsylvania Gaming Control Board (PGCB) posted on Thursday the fantasy contest report from May. This report shows fantasy sports (DFS) revenue of US$1.8 million for May 2019 operations in Pennsylvania, which is an increase of 35.3% over May last year.

This is the first month in which the PGCB can make year-over-year comparisons, as Pennsylvania started tracking and taxing fantasy sports revenue activity in May 2018. The board also revealed that tax revenue collected from the play of DFS during May was US$270k.

FanDuel was the biggest operator in May 2019, with US$960k in revenue and a 42.6% increase over May 2018, when the operator totalled US$673k. DraftKings closely followed FanDuel and posted US$813k in revenue this year, or a 28.6% increase when compared to the US$632k from May 2018.

Moreover, while Draft was the third biggest operator in Pennsylvania with US$18k and a 5.94% increase, it was Yahoo Fantasy Sports that posted the biggest percentage change from May 2018 to May 2019 with a 91% increase to US$8.4k.

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