DFS revenue increases 42 pct in Pennsylvania
The fantasy sports market in Pennsylvania experienced an impressive 42% increase in revenues during July operations, PGCB said.
US.- The fantasy sports (DFS) market doesn’t seem to slow down its financial progress in Pennsylvania. During July operations, the DFS market posted a 42% increase in revenue over the same period last year.
The Pennsylvania Gaming Control Board (PGCB) reported the figures that show that DFS produced US$1.2 million in revenue in July 2019. This represents a 42% year-over-year increase when compared to the US$878k totalled in July 2018.
DraftKings was the operator that generated the biggest revenue with US$681k in July 2019, a 56% rise from the US$437k registered in July 2018. FanDuel followed with US$543k generated last month, a 27.2% increase from July 2018’s US$427k.
Moreover Draft was the third biggest operator in Pennsylvania in July with US$11k generated and a 29.8% rise. However, Yahoo Fantasy Sports experienced the biggest percentage change, as it generated US$6.1k but posted a 278.6% increase over July 2018.
Gaming revenue rise in July
Total gaming revenue was US$281.4 million, which is 1.13% higher than what was recorded in July 2018 in Pennsylvania. Gross revenue from slot machines was US$199.6 million, representing a 2% fall in revenue when compared to the US$203.6 million generated in 2018. Tax revenue from the slots was US$102.7 million.
As reported by the PGCB, the average number of slot machines operating in July was 24,671, down by approximately 1,000 when compared to the 25,641 from July 2018.
Sports betting’s performance
July’s sports betting total handle from retail and online outlets was US$59.3 million, which generated US$2.8 million in revenue. SugarHouse’s total revenue was US$1.07 million, half of it coming from retail and half from online activities. Total handle for the casino was US$26.4 million, the highest in the state.
Parx Casino’s retail revenue of US$414k was higher than the online sector’s US$242k. Valley Forge’s retail revenue was US$168k, while its online revenue reached the US$133k figure.
