September fantasy sports contests revenue

(PRESS RELEASE) -- The Pennsylvania Gaming Control Board today posted on its web site the September 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 tax revenue due to the Commonwealth.

This report is the first since the start of the NFL season which impacted the revenue growth substantially. In the previous month of August, adjusted revenue was $943,620 compared to adjusted revenue of $2,133,714 in September.

Tax revenue is derived through a 15% assessment on the adjusted revenue reported by the Fantasy Sports Contest Operators and is deposited into the Commonwealth General Fund. This resulted in tax revenue generated during September of $320,057. Seven of the Fantasy Sports Contest Operators reported tax revenue due.

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

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

DraftKings -- $1,174,327.61 -- $176,149.14

FanDuel -- $948,838.89 -- $142,325.83

DRAFT -- $19,659.38 -- $2,948.91

Boom Fantasy -- $1,336.87 -- $200.53

Draft Fantasy -- $1,088.58 -- $163.29

Sportshub Technologies -- $270.49 -- $40.57

Full Time Fantasy Sports -- $241.50 -- $36.23

Fantasy Football Players Championship -- $0.00 -- $0.00

Yahoo! Daily Fantasy Sports -- ($12,049.35) -- ($1,807.40)

Total -- $2,133,713.97 -- $320,057.10