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 could’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.
The bill would also legalize sports betting in the Keystone State, should the federal government’s ban on sports gambling be lifted or struck down.
Daily fantasy sports regulation in Pennsylvania
There have been several efforts to regulate and tax DFS operations in Pennsylvania. However, until October 2017, state legislators had not passed any DFS laws.
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.
The bill also sets the minimum age for DFS players at 21. Daily fantasy sports will be taxed at 15 percent in Pennsylvania, considerably lower than the 36 percent tax rate established for legal sports betting in PA.
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.
How popular is daily fantasy sports in Pennsylvania?
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.
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.
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.