The Gaming Control Board in the Keystone state has reported a 23% decline in Pennsylvania fantasy sports contests for February. This is the vertical’s third consecutive month of revenue decline.
Total revenue for February fell to $1.6m, with DraftKings leading the market in the month. The fantasy sports giant generated revenue of $906,451.16, or 56% of the total, though this represented a 12% month-on-month fall.
FanDuel also saw its revenue fall sequentially, down from $998,218.08 in January to $622,815.68. Once again, FanDuel and DraftKings accounted for the vast majority of fantasy revenue generated in the state over the month, accounting for 94% of the total.
The decline in revenue came despite nine licensees generating revenue in the month, up from seven in January. Two companies that were not included in the January revenue table, Fantasy Football Players Championship and Full Time Fantasy Sports, both contributed revenue in February.
Read more on Pennsylvania fantasy sports decline at iGaming Business.