The Pennsylvania Gaming Control Board has posted its monthly Fantasy Contests Revenue Report which includes totals from the first full year of the Commonwealth’s collection of taxes on the play of these games.
According to the results, FanDuel came top for the month of April 2019 with $961,867.32 in revenue versus DraftKings‘ $845,553.33. But for the full year, DraftKings was ahead with revenue of $11,549,460 against FanDuel’s $10,274,886.
The amount of revenue generated through the play of fantasy contests in the first 12 months of operation in Pennsylvania was $22,542,688. That generated $3,381,403 in tax revenue for the Commonwealth.
Beginning last year, fantasy contest operators in Pennsylvania were required by Act 42 of 2017 to be licensed by the Board and to pay a 15% tax on the adjusted revenues derived from Pennsylvania players.
The report provides a breakdown on fees collected from the play of Pennsylvania participants, the fantasy contest operators’ adjusted revenue, and tax revenue collected by the Commonwealth.
Fantasy contests adjusted revenue and tax revenue for each of the providers for April 2019 and for the 12-month period is displayed in the following tables:
Fantasy Contests Provider | April 2019 Fantasy Contests Adjusted Revenue | April 2019 Fantasy Contests State Tax Due |
DraftKings | $845,553.33 | $126,833.00 |
FanDuel | $961,867.32 | $144,280.10 |
DRAFT | $23,348.60 | $3,502.29 |
Yahoo Fantasy Sports | $15,864.70 | $2,379.71 |
Sportshub Technologies | $3,627.45 | $544.12 |
Fantasy Draft | $1,918.83 | $287.82 |
Boom Fantasy | $371.38 | $55.71 |
Fantasy Football Players Championship | $0.00 | $0.00 |
Full Time Fantasy Sports | $0.00 | $0.00 |
Total | $1,852,551.61 | $277,882.75 |
Fantasy Contests Provider | May 2018 – April 2019 Fantasy Contests Adjusted Revenue | May 2018 – April 2019 Fantasy Contests State Tax Due |
DraftKings | $11,549,460 | $1,732,419 |
FanDuel | $10,274,886 | $1,541,233 |
DRAFT | $320,105 | $48,016 |
Fantasy Football Players Championship | $184,932 | $27,740 |
Sportshub Technologies | $114,812 | $17,221 |
Fantasy Draft | $41,103 | $6,165 |
Yahoo Fantasy Sports | $28,128 | $4,219 |
Full Time Fantasy Sports | $16,095 | $2,414 |
Boom Fantasy | $12,785 | $1,918 |
FASTPICK.COM* | $381 | $57 |
Total | $22,542,688 | $3,381,403 |