The US state of Pennsylvania has began operations on a regulated daily fantasy sports (DFS) market, which will see operators face a 15 percent tax rate on adjusted revenues.
Rolling out the new form of legal gaming, the Pennsylvania Gaming Control Board’s (PGCB) executive director Kevin O’Toole stated a number of fantasy sports operators have submitted applications.
Amongst those to have secured approval from the agency are from DraftKings, via Crown PA, Fastpick, Fanduel, DRAFT (StartStreet), Fantasy Football Players Championship (JDAD LLC) and Boom Fantasy (Boom Shakalaka).
Having initially launched on Saturday April 28, the PGCB states that only Pennsylvanians over 18 can legally participate in fantasy sports contests, with the previously detailed operators.
O’Toole commented: “This roll-out also marks the beginning for Pennsylvania to create new revenue through the taxation of entry fees from players registered in Pennsylvania to participate in fantasy sports contests.
“Pennsylvania residents that enter Fantasy Sports Contests can know that they are participating in a fair playing environment and assured that each licensed operator meets standards set out in the law and regulated by the Gaming Control Board.
“Pennsylvanians who already participate in Fantasy Sports Contests with any of these firms will see no difference in game play nor need to re-register.
“The Gaming Control Board urges, however, that players review the eligibility guidelines on the web sites of these Fantasy Sports Contest operators prior to attempting to participate in play.”