Pennsylvania fantasy revenue falls again in January



Pennsylvania has reported its second consecutive month decline in revenue from its regulated fantasy sports market.

Pennsylvania has reported its second consecutive month decline in revenue from its regulated fantasy sports market.

January revenue declined to $2.1m (£1.6m/€1.9m), according to the Pennsylvania Gaming Control Board, down 26% on December’s $2.8m take, with the vast majority once again coming from daily fantasy market leaders DraftKings and FanDuel. The pair accounted for 96% of the monthly total.

DraftKings led the way with revenue of $1.0m, though this represented a 24% month-on-month decline. FanDuel, meanwhile, also saw revenue drop 24% to $998,218.08.

Coming in behind the top two was Yahoo Fantasy Sports, which recovered from posting a loss of $88,878.96 in December to generate revenue of $41,878.21. DRAFT held onto fourth place, despite revenue falling 46% to $35,986.44.

The number of operators to generate revenue in January declined to seven with last months’ third-placed licensee, Fantasy Football Players Championship, and sixth-placed Full Time Fantasy Sports, both disappearing from the revenue table.

The remaining seven licensees, which are taxed at 15% of gross revenue, paid total taxes of $317,474.59 in January, down 26% on December’s $429,075.51 take.

This article is a reprint from iGamingBusiness.com.   To view the original story and comment, click here


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