- Fantasy sports revenue in Pennsylvania was up 5.9% to $3.2 million in December.
- It is the third month in a row to report year-over-year market growth, though a notable dip on the double-digit gains in October and November.
- DraftKings continues to lead the market, generating $1.74 million of December’s revenue (53%).
Fantasy sports revenue in Pennsylvania was up 5.9% to $3.2 million in December, the PA Gaming Control reported this week. It is the third month in a row to report year-over-year market growth, though a notable dip on the double-digit gains in October and November.
Still, it shows ongoing stability — if not growth — in the PA market following the upended sports seasons during the coronavirus pandemic. The market is practically flat (+2%) on the same month two years prior.
As always, while there are half a dozen active operators in the market, just two make up almost all revenue. DraftKings continues to lead the market, generating $1.74 million of December’s revenue (53%), up slightly on its prior two Decembers.
FanDuel made up the rest, with $1.35 million reported in revenue for the month for a 41% market share. Both operators enjoyed healthy gross win margins of over 10%.
Still, that did leave a small sliver of the market for other operators. The standout was Footballguys (JDAD), a season-long operator that only brings in revenue in December and, to a lesser extent, February. Last month, it brought in $151k, enough for a 4.6% market share, though this was markedly less than in December 2020 ($224k) and December 2019 ($206k).
The new Underdog Sports also continues to attract some action, generating $37k in December. This was a slight pip down on the prior month’s high of $40k.
In terms of total entry fees collected, Yahoo! Fantasy also made its mark and is the third-placed operator in the market, attracting $710k in bets. Unfortunately, it reported a loss of $91.8k in December, its biggest-ever in market history. This made for a gross win margin of negative 13% — in other words, it paid 13 cents extra in contest prizes and promotions for every dollar of entry fee it attracted.
