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More than US$3.3m in tax revenue from DFS in Pennsylvania

More than US$3.3m in tax revenue from DFS in Pennsylvania
PGCB reported the first full year of DFS. Credits: TNW

The first full year of regulated DFS in Pennsylvania has brought more than US$3.3 million in tax revenue.

US.- The Pennsylvania Gaming Control Board (PGCB) has reported the monthly fantasy sports (DFS) revenue report, which includes totals from the first full year of the Commonwealth’s collection of taxes on the play of these games.

The revenue generated through DFS in the first 12 months of operation in the state was US$22.5 million, which generated US$3.38 million in tax revenue for the Commonwealth. The modality that started last year required operators to be licensed by the PGCB. It also required them to pay a 15% tax on the adjusted revenues derived from local players.

FanDuel was the operator that reported the biggest adjusted revenue in April to US$961k, closely followed by DraftKings’ US$845k. The companies reported US$126k and US$144k respectively in state tax due.

Moreover, DraftKings was the top scorer in the full year with US$11.5 million in adjusted revenue. This time, it was FanDuel in second place with US$10.2 million generated in adjusted revenue.

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DFS finance Pennsylvania