The Pennsylvania Gaming Control Board posted Fantasy Contest revenues for the month of July expressing a huge increase in earnings for the state.
The PGCB said revenues earned were $1,244,168, a 42% increase for the month, when compared to July 2018 earnings. Last year in July the state earned $878,185.
Not only did operators generate a substantial amount of revenues, but the state collected a substantial amount of tax revenue too. The total tax revenue collected for July was $186,625.
The PGCB also reported Fantasy Contest Adjusted Revenue for each of the licensed operators detailed information pertaining to this years’ revenues, last years’ and the year-on-year change.
The breadwinner for the state was DraftKings earning $681,932. DraftKings earned $437,108 last year which is a 56.01% increase for year-on-year. FanDuel came in second earning a 27.22% increase compared to 2018. The DFS operator earned $543,810 in revenues last month compared to the $427,451 they earned in 2018. DRAFT, one of the newbie DFS operators had a decent month as well earning $11,372, a 29.81% increase compared to last year when they generated $8,760 for the month.
Fantasy Contest is becoming one of the more popular gambling activities in many states. Alongside slot play, DFS is ranking up there with classic casino play.