Daily fantasy sports have gone legal in Pennsylvania, with six online operators offering wagers that are being taxed at 15 per cent.
The Pennsylvania Gaming Board announced that the official roll-out has taken place for such contests, with executive director Kevin O’Toole stating that players over 18 can legally play with Draft, Fantasy Football Players Championship, Fanduel, DraftKings, Boom Fantasy and Fastpick.
“This roll-out also marks the beginning for Pennsylvania to create new revenue through the taxation of entry fees from players registered in Pennsylvania to participate in fantasy sports contests,” O’Toole said.
“Pennsylvania residents that enter Fantasy Sports Contests can know that they are participating in a fair playing environment and assured that each licensed operator meets standards set out in the law and regulated by the Gaming Control Board.”
A 15 per cent tax on adjusted revenues is being paid monthly to the Pennsylvania Department of Revenue.
