Finance

Pennsylvania DFS revenues jump 35% as FanDuel tops the bill

FanDuel and DraftKings accounted for 98% of the state’s May revenues while Yahoo revenues almost doubled

Pennsylvania posted daily fantasy sports revenues of $1.8m in May, a 35% increase on the previous year.

FanDuel topped the list of eight DFS operators in the state with revenues of $960,155 while DraftKings came in second with $813,346.

The two operators accounted for 53% and 45% of the state’s overall revenues from the period.

Yahoo Fantasy Sport saw the biggest year-on-year increase with revenues soaring 91% to $8,463.

Fantasy Draft saw earnings slip 53% to $1,176 while Sportshub Technologies’ revenues dipped 36% to $1,012.

Fantasy contest revenues were first accounted for and taxed by the state last May. The state collected $270,458 in DFS tax during May this year.

Pennsylvania reported May betting revenues of $2.9m this week, including SugarHouse Casino’s online sportsbook which launched on May 27.

Daily fantasy sports | DraftKings | FanDuel | FanDuel Group | Finance | Pennsylvania

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