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Pennsylvania Gaming Control Board issues fantasy sports revenue

20 Jun 2018

(PRESS RELEASE) -- The Pennsylvania Gaming Control Board today posted on its web site the initial Fantasy Sports Contests revenue report. The report provides a breakdown on fees collected from the play of Pennsylvania participants, Fantasy Sports Contests operators’ adjusted revenue, and the tax revenue due to the Commonwealth. The report can be found on the Pennsylvania Gaming Control Board on its web site.

Tax revenue is derived through a 15% assessment on adjusted revenue reported by the Fantasy Sports Contest operators, and is deposited into the Commonwealth General Fund. In total, tax revenue generated during May totaled $199,755.94.

Ten Fantasy Sports Contest operators have applied to provide fantasy sports contests. Those firms are listed under the Gaming Expansion link on the Board’s web site homepage.

Eight of the Fantasy Sports Contest operators reported tax revenue. The others offer specific seasonal games and either had no collected fees or could not yet calculate an adjusted revenue until payouts are made.

Fantasy Sports revenue and tax revenue for each of the providers for May 2018 is displayed in the following tables:

Fantasy Sports Contest Provider - Fantasy Sports Contest Adjusted Revenue - State Tax Due

FanDuel - $673,013.94 - $100,952.09

DraftKings - $632,008.62 - $94,801.29

DRAFT - $16,992.35 - $2,548.85

Yahoo Fantasy Sports - $4,430.47 - $664.57

Fantasy Draft - $2,499.86 - $374.98

Sportshub Technologies - $1,590.67 - $238.60

Boom Fantasy - $851.42 - $127.71

Fastpick - $319.01 - $47.85

Full Time Fantasy Sports - $0.00 - $0.00

Fantasy Football Players Championship - $0.00 - $0.00

Total - $1,331,706.34 - $199,755.94
 
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