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PA fantasy sports market grows 35.4% in May


Pennsylvania’s regulated fantasy sports market performed strongly in May, with revenue up 35.4% year-on-year to $1.8m.

However, this total represented a marginal month-on-month decline. Seven of the state’s licensed fantasy operators generated revenue in May, according to the figures from the Pennsylvania Gaming Control Board, though as usual, the vast majority came from FanDuel and DraftKings.

FanDuel led the market over the month, with revenue of $960,155. This represented a 42.7% rise from May 2018, when the Pennsylvania market opened for business, but also a marginal decline from April 2019. DraftKings’ revenue of $813,346 – up 28.7% year-on-year – followed in second place.

While Draft’s revenue fell 22.9% sequentially, this represented a 5.9% increase from May last year. The brand, which like FanDuel is owned by Flutter Entertainment, took third place in the market.

Coming in fourth was Yahoo Fantasy Sports, which enjoyed the biggest year-on-year revenue rise of all Pennsylvania licensees. Its revenue almost doubled to $8,463, a 91.0% rise from 2018, though this was down significantly from April this year.

Fantasy Draft, on the other hand, saw its revenue drop 53.0% to $1,176, the largest year-on-year decline. It was followed by SportsHub Technologies with revenue of $1,012, then Boom Fantasy, with $903. Taxes of $270,458 were paid by operators for the month.