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Pennsylvania increases DFS revenue

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The regulatory body said that tax revenue collected from DFS in September was US$439k.

The PGCB has revealed that revenue from fantasy contests (DFS) increased 37% during September operations.

US.- The Pennsylvania Gaming Control Board (PGCB) has announced that revenue from daily fantasy sports (DFS) totalled US$2.9 million during last month’s operations. This figure represents an increase of 37.2% when compared to the same period last year when the state registered US$2.1 million.

The regulatory body said that tax revenue collected from DFS in September was US$439k.

According to the financial report, DraftKings continues to dominate the Pennsylvanian DFS market. The operator posted US$1.5 million in revenue, which is a 34.7% increase over the US$1.1 million registered during the same period last year.

FanDuel is the second-biggest operator in Pennsylvania, as it totalled US$1.3 million in revenue in September. The figure represents a 43.7% rise over September 2018’s US$948k.

Moreover, Draft registered a 22.8% increase in revenues last month and totalled US$24.1k respectively. Yahoo Fantasy Sports, Sportshub Technologies, Boom Fantasy and Fantasy Draft experienced negative results in September.

Sports betting revenue rises 144%

From August to September, revenue from sports betting increased by 144%, while overall gaming rose 5% from 2018 in Pennsylvania. According to one of four new revenue reports from the PGCB, total revenue from retail and online sportsbooks totalled US$14.9 million, which is 144.1% more than the state achieved in August (US$6.1 million).

The gambling regulator also said that handle through retail and online totalled US$194 million in September. That figure is also 78.4% higher than the handle from August, when the state received U$109 million in wagers.

Total revenue figures

Total revenue in September was US$285.3 million, a 5.43% increase from September 2018’s US$270 million. September’s gross revenue from slot machines at the 12 casinos was US$188 million. This is a 4% decrease in revenue when compared to the US$196 million generated in September 2018.

Tax revenue from the play of slots machines in September of this year was US$96 million. Table games revenue for September 2019 was US$70 million, a 2.35% setback over September 2018 when revenue was US$72 million.

Furthermore, online casino game gross revenue totalled US$5.3 million during September, which is a 55% increase over the August 2019 revenue total of US$3.4 million.

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