Fantasy sports revenue totals US$15.3m in Pennsylvania
The local regulator reported the 2018 adjusted revenue results from fantasy sports operations.
US.- The Pennsylvania Gaming Control Board (PGCB) posted on its web site on Wednesday the December fantasy contests revenue report. It also released the 2018 adjusted revenue results, which show the activity totalled US$15.3 million.
The report provides a breakdown on fees collected from the play of Pennsylvania participants, fantasy contests operators’ adjusted revenue, and tax revenue due to the Commonwealth. Fantasy contests adjusted revenue for December was US$2.8 million, approximately US$400k less when compared to adjusted revenue of US$3.2 in November.
Tax revenue is derived through a 15% assessment on the adjusted revenue reported by the fantasy contests operators and is deposited into the Commonwealth General Fund. This resulted in tax revenue generated during December of US$429k. Nine of the Fantasy Contests Operators reported tax revenue due.
The regulator also posted the total 2018 adjusted revenue results, which indicate that DraftKings was the top scorer in the state with US$7.9 million, closely followed by FanDuel with US$6.9 million.
