The Pennsylvania Gaming Control Board (PGCB) celebrated the first full of year of daily fantasy sports (DFS) by issuing the yearly revenue numbers along with its usual monthly reporting.
During its first year, the nine DFS operators generated $22.5 million in revenue. Here’s how they fared:
- DraftKings ($11,549,460)
- FanDuel ($10,274,886)
- DRAFT ($320,105)
- Fantasy Football Players Championship ($184,932)
- SportsHub Technologies ($114,812)
- Fantasy Draft ($41,103)
- Yahoo Fantasy Sports ($28,128)
- FullTime Fantasy Sports ($16,095)
- Boom Fantasy ($12,785)
- FastPick.com ($381)
Pennsylvania benefitted from all the activity to the tune of $3.3 million that came via a 15% tax.
Note: FastPick withdrew as a PA DFS operator.
DFS vs. PA sports betting
The entire DFS market earned $1.8 million in April, while PA sports betting took in $4.2 million.
What’s notable here is online betting in PA hasn’t launched yet. Once it does, expect that number to grow significantly.
Right now, FanDuel is the only DFS operator positioned to launch a PA online sportsbook. It partnered with Valley Forge Casino to launch a sportsbook, FanDuel Sportsbook at Valley Forge Casino which opened March 13.
In April, FanDuel Sportsbook earned $379,731, which is just one-third of what it earned in DFS. Watching the sports betting numbers out of New Jersey makes it almost unbelievable that DFS revenue can surpass sports betting revenue at a sportsbook. It seems reasonable, however, to expect a role reversal in the near future once FanDuel Sportsbook is online.
DraftKings earned more than $11 million through DFS in Pennsylvania in the last year, coming out on top of the leaderboard. Interestingly enough, however, it does not yet have a sports betting partner in the Keystone State.
April DFS revenue
DraftKings may have come out on top at the end of the year, but FanDuel took the top spot in April. Here is a look at revenue, per operator, for the month:
- FanDuel ($961,867.32)
- DraftKings ($845,553.33)
- DRAFT ($23,348.60)
- Yahoo Fantasy Sports ($15,864.70)
- SportsHub Technologies ($3,627.45)
- Fantasy Draft ($1,918.83)
- Boom Fantasy ($371.38)
- Fantasy Football Players Championship ($0.00)
- FullTime Fantasy Sports ($0.00)
DraftKings has always been thought of as the DFS leader, with FanDuel firmly settled in second place. Well, FanDuel has been making some fancy moves as of late.
In addition to claiming the DFS top spot in April, FanDuel jumped over DraftKings and became the revenue leader in New Jersey sports betting in February. It now commands over half of the online sports betting market in the Garden State.