The Pennsylvania Gaming Control Board has posted its first monthly report for sports wagering in the state. The initial report encompasses only the returns from November 15 to 30 for Hollywood Casino at Penn National Race Course which was the first to launch a sports wagering facility in the Commonwealth.
The monthly report, which will include additional facilities as they launch sportsbooks, provides a breakdown of the total handle collected, gross revenue, and taxes owed to the Commonwealth.
During November, Hollywood Casino at Penn National Race Course reported a handle of $1,414,586.55 and adjusted gross revenue after payouts of $508,996.60. A total of $183,238.77 of tax revenue was generated and returned to the Commonwealth from sports wagering there during this two-week period. This figure comprises state tax (34% of adjusted gross revenue) of $173,058.84 and local share assessment (2% of adjusted gross revenue) of $10,179.93.
Two additional facilities, Rivers Casino in Pittsburgh and SugarHouse Casino in Philadelphia commenced sports wagering during December. Revenue figures for those facilities will be included in next month’s report.
The board has also published its November Fantasy Sports Contests Revenue Report. The document provides a breakdown on fees collected from the play of Pennsylvania participants, Fantasy Sports Contests operators’ adjusted revenue, and tax revenue due to the Commonwealth.
Fantasy adjusted revenue for November was $3,241,161 compared to adjusted revenue of $2,902,863 in October. DraftKings was the biggest earner with $1,749,422.06 ($1,545,151.83 October), followed by FanDuel with $1,420,165.49 ($1,249,989.98 October). DRAFT was a distant third with $46,570.08 ($36,592.23 October).
Tax revenue is derived through a 15% assessment on the adjusted revenue reported by the Fantasy Sports Contest Operators and is deposited into the Commonwealth General Fund. This resulted in tax revenue generated during November of $486,174. Seven of the Fantasy Sports Contest Operators reported tax revenue due.
