Pennsylvania Gaming Control Board issues first monthly fantasy sports contests revenue report
The Pennsylvania Gaming Control Board today posted on its website the initial Fantasy Sports Contests revenue report. The report provides a breakdown of fees collected from the play of Pennsylvania participants, Fantasy Sports Contests operators' adjusted revenue, and the tax revenue due to the Commonwealth.
Tax revenue is derived through a 15% assessment on adjusted revenue reported by the Fantasy Sports Contest operators, and is deposited into the Commonwealth General Fund. In total, tax revenue generated during May amounted to $199,755.94.
Ten Fantasy Sports Contest operators have applied to provide fantasy sports contests. Those firms are listed under the Gaming Expansion link on the Board's website homepage.
Eight of the Fantasy Sports Contest operators reported tax revenue. The others offer specific seasonal games and either had no collected fees or could not yet calculate an adjusted revenue until payouts are made.
Fantasy Sports revenue and tax revenue for each of the providers for May 2018 is displayed in the following tables:
*Tax revenue figures reflect amount generated prior to any adjustments by the PA Department of Revenue
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