January fantasy sports contests revenue for Pennsylvania decreases

(PRESS RELEASE) -- The Pennsylvania Gaming Control Board today posted on its web site the January Fantasy Contests Revenue Report. 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 adjusted revenue for January was $2,116,499 compared to adjusted revenue of $2,860,503 in December 2018.

Tax revenue is derived through a 15% assessment on the adjusted revenue reported by the Fantasy Contest Operators and is deposited into the Commonwealth General Fund. This resulted in tax revenue generated during January of $317,475. Seven of the Fantasy Contest Operators reported tax revenue due.

Fantasy revenue and tax revenue for each of the providers for January 2019 is displayed in the following table:

Fantasy Contest Provider/January 2019 Fantasy Contest Adjusted Revenue/January 2019 State Tax Due

DraftKings/$1,026,565.22/$153,984.78

FanDuel/$998,218.08/$149,732.71

Yahoo! Daily Fantasy Sports/$41,878.21/$6,281.73

DRAFT/$35,986.44/$5,397.97

Sportshub Technologies/$8,795.00/$1,319.00

Fantasy Draft/$4,201.20/$630.18

Boom Fantasy/$854.78/$128.22

Total/$2,116,498.93/$317,474.59