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Real sports outpace fantasy in Pennsylvania sports wagering

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Fantasy sports betting revenue slipped in December. (File photo)
Fantasy sports betting revenue slipped in December. (File photo)

While sports wagering has increased in Pennsylvania since it was legalized in mid-November, fantasy sports contests took a dip in December after debuting in May.

The Pennsylvania Gaming Control Board said the nine websites offering fantasy sport contests reported $2.86 million in revenue for December as compared to $3.24 million in revenue in November. That’s the lowest revenue since September.

It had been growing steadily since its first month back in May, when sports betting brought in about $1.33 million.

Fantasy sports betting brought in $2.13 million in September, and $2.9 million in October.

All totaled fantasy sports betting in Pennsylvania took in $15.31 million in 2018, generating $2.3 million in tax revenue.

Traditional sports wagering seems to be growing.

However, it’s still hard to gauge since it only became legal on Nov. 15 and two of the three casinos currently offering sports wagering didn’t go online until Dec. 15.

Sports betting took in more than $16 million for the month of December, the first full month for legal sports wagering in Pennsylvania.

For the two weeks betting was available in November the one casino that offered it, Hollywood Casino at Penn National Race Course in Grantville, brought in $1.4 million.

The gaming board said tax revenue generated by gaming in Pennsylvania is targeted for property tax reduction to Pennsylvania homeowners.

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Stacy Wescoe

Stacy Wescoe

Reporter Stacy Wescoe has her finger on the pulse of the business community in the Greater Lehigh Valley and keeps you up-to-date with technology and trends, plus what coworkers and competitors are talking about around the water cooler — and on social media. She can be reached at stacyw@lvb.com or 610-807-9619, ext. 4104. Follow her on Twitter at @morestacy and on Facebook. Circle Stacy Wescoe on .

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