Pennsylvania DFS market off to a strong start
News on 24 Jun 2018
News on 24 Jun 2018
Daily fantasy sports US market leaders FanDuel and DraftKings accounted for 98 percent of sector activity in the first month of licensed operations in Pennsylvania, generating adjusted revenue after distributing winnings of $673,013 and $632,008 respectively
The strong start saw overall DFS revenues of $12.4 million generated by the five leading companies, with DRAFT trailing the two market leaders, along with Yahoo Fantasy Sports and Fantasy Draft.
Thus far ten DFS operators have paid the $50,000 licensing fee required by the Pennsylvania Gaming Control Board and agreed to the 15 percent of GGR tax rate.
The state harvested $200,000 in tax revenues.
