Fantasy Sports Betting

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The latest on PA fantasy sports

Since launching a regulated market in May of 2018, PA has seen increasing returns on tax revenue each month. In the first 18 months of operation, DFS has generated over $5 million in tax revenue for the state.

So far, the industry has generated $9.2 million for the 10 operating sites. The overwhelming amount of that money belongs to FanDuel and DraftKings. In fact, many of the smaller sites are operating at a loss.

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Online Fantasy sports betting is betting on a fantasy sports team you create and attempt to beat out the teams formed by competitors for real money prizes. This deviates a little from traditional sports betting because you don’t bet on the end result of a specific event. Although fantasy sports have been existence for decades, the rise of. Fantasy sports betting is a different concept from traditional sports betting, as you don’t bet directly on the outcome of any sporting events. Instead you create a fantasy sports team and compete against.

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Fantasy Sports Betting

Maximum bet is 22 Euros, you can only bet if the match is a draw, home win or away win, and single game betting is restricted to a few high profile games, normally you have to bet on at least 5 games with. The Duel, our exclusive content blog for free Fantasy Sports tips, Daily Fantasy Sports news, and Sports Betting Expert Advice, provides sports fans the latest news, analysis, injuries and insights from around the NFL, NBA, MLB and more. Quick hitting stories will keep you updated on everything from NFL betting, NBA betting to MLB fantasy. Fantasy sports betting is a different concept from traditional sports betting, as you don’t bet directly on the outcome of any sporting events. Instead you create a fantasy sports team and compete against opponents to try and win money.

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Playing daily fantasy sports in Pennsylvania

Until now, daily fantasy sports (DFS) haven’t been exactly legal in the state of Pennsylvania, but that didn’t mean you couldn’t play.

State lawmakers spent the last few years considering a number of options in terms of legalizing and regulating DFS.

On Oct. 26, 2017, the PA House passed a bill to formally legalize daily fantasy sports in Pennsylvania, along with online poker and other forms of online gambling, including online table games and slots. The Senate passed the same bill, H 271, a day prior.

A few days later, PA officially became the 17th state to regulate daily fantasy sports (and the fourth to regulate online gambling) when Gov. Tom Wolf signed H 271 into law.

Fantasy Sports Betting Bills

In May of 2018, regulated DFS in Pennsylvania officially launched. There are currently 10 licensed operators:

  • Boom Fantasy
  • DRAFT
  • DraftKings
  • FanDuel
  • FantasyDraft
  • Fantasy Football Players Championship
  • FastPick
  • Sports Hub
  • Scout Fantasy Sports
  • Yahoo Fantasy

The minimum age for DFS players is 18. Daily fantasy sports are taxed at 15 percent in Pennsylvania, considerably lower than the 36 percent tax rate established for legal sports betting in PA.

Daily fantasy sports regulation in Pennsylvania

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H 271 is a comprehensive gaming expansion package that regulates or introduces many new forms of gaming to Pennsylvania in addition to daily fantasy sports. PA residents will be able to access legal, real-money online poker games, casino games, lottery tickets, online slots, and more. The state will also permit video gaming terminals (VGTs) in qualified truck stops as well as tablet gaming at certain airports.

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Pennsylvania’s biggest daily fantasy sports sites

When it comes to DFS, FanDuel and DraftKings enjoy better than 90 percent market share across the United States. Things are no different in Pennsylvania, where FanDuel and DraftKings are the two most popular DFS sites.

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How popular is daily fantasy sports in Pennsylvania?

Fantasy Sports Betting

With almost 13 million residents, Pennsylvania is the sixth-most populous state in America. Professional sports are prevalent. As a result, the state represents a rather large market for DFS operators.

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Right now, it is estimated DFS sites are pulling in more than $7.5 million in revenue from Pennsylvania players. In fact, the state is responsible for close to 4 percent of all DFS contest entry fees in the United States.

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Estimates suggest Pennsylvania has more than 65,000 active DFS players. Plus, those players are responsible for almost $80 million in annual entry fees, putting Pennsylvania in the top ten states for DFS activity.