Pennsylvania fantasy contest revenue decreases in February

(PRESS RELEASE) -- The Pennsylvania Gaming Control Board today posted on its web site the February 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 Contests adjusted revenue for February was $1,629,178 compared to adjusted revenue of $2,116,499 in January 2019.

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 February of $244,377.

Fantasy Contests revenue and tax revenue for each of the providers for February 2019 are provided in the following table:

Fantasy Contest Provider/February 2019 Fantasy Contests Adjusted Revenue/February 2019 State Tax Due

DraftKings/$906,451.16/$135,967.67

FanDuel/$622,815.68/$93,422.35

Fantasy Football Players Championship/$47,744.12/$7,161.62

DRAFT/$23,948.17/$3,592.23

Yahoo! Daily Fantasy Sports/$9,726.97/$1,459.05

Sportshub Technologies/$6,536.89/$980.53

Fantasy Draft/$5,818.57/$872.79

Full Time Fantasy Sports/$3,985.25/$597.79

Boom Fantasy/$2,151.45/$322.72

Total/$1,629,178.26/$244,376.75