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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.

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