Pennsylvania Gaming Control Board in May features totals from the state’s collection of taxes on the play of regulated games

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How much tax money did Pa. get from fantasy sports games in their first year?

The most significant data released by the Pennsylvania Gaming Control Board in May features totals from the first full year of the state’s collection of taxes on the play of regulated fantasy games.

The amount of revenue generated through the play of fantasy contests in the first 12 months of operation in Pennsylvania was $22,542,688, generating $3.38 million in tax revenue.

Otherwise, revenue in April for sports wagering topped $4.2 million.

While revenue for table games increased when compared to last April, the revenue for slot machines decreased in April 2019 compared to a year ago.

Fantasy contests

According to a press release, tax revenue is derived through a 15% assessment on the adjusted revenue reported by the Fantasy Contest Operators and is deposited into the Commonwealth General Fund. This resulted in tax revenue generated during March of $245,227. Six of the Fantasy Contest Operators reported tax revenue due.

You can find the fantasy revenue and tax revenue for each of the providers for April 2019 in the following table:

Contest provider / Adjusted revenue / State tax due

DraftKings / $845,553.33 / $126,833.00

FanDuel / $961,867.32 / $144,280.10

DRAFT / $23,348.60 / $3,502.29

Yahoo Fantasy Sports / $15,864.70 / $2,379.71

Sportshub Technologies / $3,627.45 / $544.12

Fantasy Draft / $1,918.83 / $287.82

Boom Fantasy / $371.38 / $55.71

Players Championship / $0.00 / $0.00

Full Time Fantasy Sports / $0.00 / $0.00

Total / $1,852,551.61 / $277,882.75

Here are the fantasy revenue and tax revenue for each of the providers for the period covering May 2018 to April 2019:

Contest provider / Adjusted revenue / State tax due

DraftKings / $11,549,460 / $1,732,419

FanDuel / $10,274,886 / $1,541,233

DRAFT / $320,105 / $48,016

Players Championship / $184,932 / $27,740

Sportshub Technologies / $114,812 / $17,221

Fantasy Draft / $41,103 / $6,165

Yahoo Fantasy Sports / $28,128 / $4,219

Full Time Fantasy Sports / $16,095 / $2,414

Boom Fantasy / $12,785 / $1,918

FASTPICK.COM* / $381 / $57

Total / $22,542,688 / $3,381,403


Slot machines/table games

Figures released and posted May 16 by the Pennsylvania Gaming Control Board showed table games revenue for April 2019 at $77,448,426, an increase of 3.7 percent over April of last year when revenue was $74,667,615.

The board also reported that combined slot machine and table games revenue for April of this year decreased by 1 percent compared to April of last year.

Total tax revenue from table games play during April was $12,457,096, with an average of 1,282 tables in daily operation statewide. Tax revenue figures reflect amount generated prior to any adjustments by the PA Department of Revenue.

The board, on May 2, posted the monthly report for total revenue generated from the play of slot machines at casinos during April 2019.


According to the report, April’s gross revenue from slot machines at the 12 casinos was $200,359,403, a 2.8 percent decrease in revenue when compared to the $206,178,528 generated in April 2018. Tax revenue from the play of slots machines in April of this year was $104,259,552. Tax revenue figures reflect amount generated prior to any adjustments by the PA Department of Revenue.

The average number of slot machines operating on a daily basis was 25,207 during April 2019 compared to 25,841 at the casinos in April 2018.

Parx Casino, is suburban Philadelphia, once again topped the list for slot machine revenue and Sands Casino Resort, Bethlehem, remained first for table games revenue.

Speaking of Parx, the Board on May 15 unanimously voted to renew the Category 1 Racetrack Casino Operator’s license of Greenwood Gaming and Entertainment, Inc., operator of the Parx Casino in Bucks County. The seven-member board determined that Greenwood Gaming and Entertainment, Inc. had fulfilled the obligations under its previously-approved casino operator’s license and therefore qualified to have its license renewed for an additional five-year period, a press release said. Its last license renewal was granted in November 2014. The decision to renew the license was based on a process utilized by the Board that enables both the operator and the public to provide information relevant to the renewal decision.

Here’s a casino-by-casino look at this year’s April figures compared to last year’s, ranked in order of slot machine revenue:

Parx Casino, Bensalem

Parx Casino ranked first in slot machine revenue and second in table games revenue. Here are the revenue figures and the comparison to a year ago.

Slots: $34.7M (April 2019), 1.88 percent decrease

Table games: $16.3M (April 2019), 1.21 percent decrease

Total gaming: $51.2M (April 2019), 1.67 percent decrease

Sands Casino Resort, Bethlehem

Sands Casino Resort ranked second in slot machine revenue and first in table games revenue. Here are the revenue figures and the comparison to a year ago.

Slots: $25M (April 2019), 4.12 percent decrease

Table games: $22M (April 2019), 25.10 percent increase

Total gaming: $47M (April 2019), 7.63 percent increase

Rivers Casino, Pittsburgh

Rivers Casino ranked third in slot machine revenue and fourth in table games revenue. Here are the revenue figures and the comparison to a year ago.

Slots: $24.8M (April 2019), 3.55 percent increase

Table games: $6.4M (April 2019), 0.46 percent decrease

Total gaming: $31.3M (April 2019), 2.70 percent increase


Hollywood Casino at Penn National, Grantville

Hollywood Casino at Penn National Race Course ranked fourth in slot machine revenue and seventh in table games revenue. Here are the revenue figures and the comparison to a year ago.

Slots: $17.6M (April 2019), 5.31 percent increase

Table games: $3.1M (April 2019), 1.22 percent increase

Total gaming: $20.7M (April 2019), 4.38 percent decrease

The Meadows Casino, Washington

The Meadows ranked fifth in slot machine revenue and 10th in table games revenue. Here are the revenue figures and the comparison to a year ago.

Slots: $17.4M (April 2019), 1.91 percent decrease

Table games: $2.1M (April 2019), 47.24 percent decrease

Total gaming: $19.5M (April 2019), 10.29 percent decrease

Mohegan Sun Pocono, Wilkes-Barre

Mohegan Sun Pocono ranked seventh in slot machine revenue and eighth in table games revenue. Here are the revenue figures and the comparison to a year ago.

Slots: $16.6M (April 2019), 5.31 percent decrease

Table games: $2.67M (April 2019), 17.52 percent decrease

Total gaming: $19.3M (April 2019), 7.22 percent decrease

Harrah's Philadelphia Casino, Chester

Harrah’s Philadelphia Casino ranked sixth in slot machine revenue and fifth in table games revenue. Here are the revenue figures and the comparison to a year ago.

Slots: $16.1M (April 2019), 8.75 percent decrease

Table games: $4.6M (April 2019), 29.33 percent decrease

Total gaming: $20.6M (April 2019), 14.26 percent decrease

SugarHouse Casino, Philadelphia

SugarHouse Casino ranked eighth in slot machine revenue and third in table games revenue. Here are the revenue figures and the comparison to a year ago.

Slots: $15.6M (April 2019), 0.29 percent decrease

Table games: $12.8M (April 2019), 25,66 percent increase

Total gaming: $28.4M (April 2019), 9.96 percent increase
 


Mount Airy Casino Resort, Mt. Pocono

Mount Airy Casino Resort ranked ninth in slot machine revenue and ninth in table games revenue. Here are the revenue figures and the comparison to a year ago.

Slots: $11.8M (April 2019), 6.30 percent decrease

Table games: $2.3M (April 2019), 37.09 percent decrease

Total gaming: 14.1M (April 2019), 13.19 percent decrease

Presque Isle Downs and Casino, Erie

Presque Isle Downs and Casino ranked 10th in slot machine revenue and 11th in table games revenue. Here are the revenue figures and the comparison to a year ago.

Slots: $9.9M (April 2019), 3.48 percent decrease

Table games: $1.3M (April 2019), 16.38 percent increase

Total gaming: $11.2M (April 2019), 1.47 percent decrease

Valley Forge Casino Resort, King of Prussia

Valley Forge Casino Resort ranked 11th in slot machine revenue and sixth in table games revenue. Here are the revenue figures and the comparison to a year ago.

Slots: $8.2M (April 2019), 2.22 percent increase

Table games: $3.5M (April 2019), 69.37 percent increase

Total gaming: $11.8M (April 2019), 15.95 percent increase

Lady Luck Casino Nemacolin, Farmington

Lady Luck Casino Nemacolin ranked 12th in slot machine revenue and 12th in table games revenue. Here are the revenue figures and the comparison to a year ago.

Slots: $2.2M (April 2019), 4.59 percent decrease

Table games: $238,222 (April 2019), 10.89 percent increase

Total gaming: $2.4M (April 2019), 3.28 percent decrease

Sports wagering

The Pennsylvania Gaming Control Board on May 16 posted on its web site April’s sports wagering report. The monthly report provides a breakdown of the total handle collected, gross revenue, and taxes paid to the Commonwealth.

Casino / Handle / Revenue / Tax

Rivers Casino / $8,159,827 / $871,753 / $313,831

SugarHouse Casino / $7,920,797 / $781,163 / $281,219

Parx Casino / $6,850,305 / $907,298 / $326,627

Hollywood Casino / $3,923,499 / $361,249 / $130,050

Valley Forge Casino Resort / $3,050,424 / $379,731 / $136,703

Harrah’s Philadelphia / $2,718,595 / $282,740 / $101,786

S. Phila. Race and Sportsbook / $2,603,808 / $441,692 / $159,009

Valley Forge Race and Sportsbook / $1,541,891 / $195,856 / $70,508

Statewide Total / $36,769,145 / $4,221,482 / $1,519,734

Tax revenue generated, per the report:

  • State tax (34% of adjusted gross revenue): $1,435,304
  • Local Share Assessment (2% of adjusted gross revenue): $84,430

https://www.pennlive.com/news/2019/05/so-how-much-tax-money-did-pa-get-from-fantasy-games-in-their-first-year-the-data-has-been-released.html

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