Pennsylvania fantasy sports revenue soars after NFL kick-off

Pennsylvania fantasy sports revenue soars after NFL kick-off

Friday, October 19, 2018 Posted by News Team
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DraftKings and FanDuel generate 99.5% of state's monthly fantasy sports revenue

Figures from the Pennsylvania Gaming Control Board (PGCB) show that fantasy sports contest revenue has more than doubled in September after the 2018-19 National Football League (NFL) season kicked off. 

Total market revenue has leapt from the $943,620 generated in August to $2.13m for September. Seven of the state’s nine licensed fantasy operators generated enough revenue to be liable to pay the 15% tax on revenue, with total tax receipts rising 126% to $320,057.

DraftKings remained the leading brand in the market in September, after the operator saw revenue more than double to $1.17m. FanDuel also reported three-figure month-on-month revenue growth, up to $948,839. Between them, the US' two leading daily fantasy sports brands accounted for 99.5% of Pennsylvania's fantasy sports contest  

Draft, once again, came in third. However, despite seeing revenue grow to $19,659, it lagged far behind the two market-leaders. 

While the top three in the market all posted growth, a number of smaller brands saw revenue decline in September.  Fantasy Draft saw revenue fall 72% to $1,089, while Yahoo Fantasy Sports posted a loss of $12,049 for the month, allowing Boom Fantasy to leapfrog the two into fourth place. 

The only brand to generate no revenue for the month was Fantasy Football Players Championship.

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