{"id":5687,"date":"2018-05-03T21:08:49","date_gmt":"2018-05-03T21:08:49","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=5687"},"modified":"2018-05-06T21:16:54","modified_gmt":"2018-05-06T21:16:54","slug":"eight-platforms-apply-for-new-pa-dfs-licenses-including-fanduel-and-draftkings","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/eight-platforms-apply-for-new-pa-dfs-licenses-including-fanduel-and-draftkings\/","title":{"rendered":"Eight Platforms Apply For New PA DFS Licenses, Including FanDuel And DraftKings"},"content":{"rendered":"<p><strong>Pennsylvania\u2019s<\/strong> gaming industry is marching ambitiously into a <strong>new era<\/strong>.\u00a0About six months after the state approved a <strong>sweeping expansion package<\/strong>, the first <strong>regulated platforms<\/strong> are beginning to come to market.<\/p>\n<p>The <strong>PA Lottery<\/strong> launched <strong>Keno<\/strong> this week, making the electronic game available in hundreds of bars and retail outlets. It\u2019s also prepared to add\u00a0<strong>virtual sports betting<\/strong> and an <strong>online lottery<\/strong> app in the coming months. <strong>Online <\/strong><strong>casino<\/strong> games will follow shortly thereafter, and <strong>sports betting<\/strong> might even be available soon.<\/p>\n<p><strong>Daily fantasy sports<\/strong> is newly regulated in Pennsylvania, as well. Sites like <strong>DraftKings<\/strong> and <strong>FanDuel<\/strong> have been serving the state for years, but operations are now under the oversight of the <strong>Pennsylvania Gaming Control Board <\/strong>(PGCB).<\/p>\n<h2>Specifics of PA DFS regulation<\/h2>\n<p>Last week, the PGCB published <strong>temporary DFS regulations<\/strong> to establish an early framework for oversight. Though not final, they are comprehensive.<\/p>\n<p>Some of the specifics include:<\/p>\n<ul>\n<li>Requirement to maintain <strong>know-your-customer<\/strong> controls<\/li>\n<li>Restrictions on participation for certain <strong>employees<\/strong> and <strong>excluded gamblers<\/strong><\/li>\n<li>Stipulation to offer <strong>beginner contests<\/strong> which exclude highly experienced players<\/li>\n<li>Prohibition on contests based on <strong>amateur sports<\/strong><\/li>\n<li>Enforcement against the use of <strong>software scripts<\/strong><\/li>\n<li>Requirements for maintaining <strong>records<\/strong><\/li>\n<\/ul>\n<p>The regulations define a \u201chighly experienced player\u201d as one who has entered<strong> more than<\/strong> <strong>1,000 contests<\/strong> or won <strong>$1,000<\/strong> or more at least three times.<\/p>\n<p>Applicants pay <strong>$50,000<\/strong> for a <strong>five-year license<\/strong>, and renewal costs <strong>$10,000<\/strong>.\u00a0Unless otherwise prohibited, operators with pending applications are permitted to offer their products in the meantime. Revenue generated by PA players will be <strong>taxed<\/strong> at a\u00a0rate of <strong>15 percent<\/strong>.<\/p>\n<p>The minimum age for Pennsylvania DFS players is <strong>18 for online play<\/strong> and <strong>21 for brick-and-mortar<\/strong> contests.<\/p>\n<h2>Pennsylvania DFS licensees<\/h2>\n<p>So far there are <strong>eight<\/strong> DFS outfits that have applied for PA licenses:<\/p>\n<ul>\n<li><strong>Boom Fantasy<\/strong><\/li>\n<li><strong>DRAFT<\/strong><\/li>\n<li>DraftKings<\/li>\n<li>FanDuel<\/li>\n<li><strong>FantasyDraft<\/strong><\/li>\n<li><strong>Fantasy Football Players Championship<\/strong><\/li>\n<li><strong>FastPick<\/strong><\/li>\n<li><strong>Sports Hub<\/strong><\/li>\n<\/ul>\n<p>Some of these applications are already on file, and some are included based on <strong>confirmation from industry sources<\/strong>.<\/p>\n<p><strong>Yahoo DFS<\/strong> is not on the list yet, but it\u2019d be a surprise if that remains the case for long. The same can be said for <strong>EagleStrike<\/strong>, which operates a large network of <strong>DFS kiosks<\/strong> in the region. While some states have prohibited these kiosks, PA will welcome EagleStrike if it decides to swoop in.<\/p>\n<p>FastPick is on the list, and it\u2019s an interesting inclusion. The in-house product of <strong>Resorts Atlantic City<\/strong> is set to cross state lines to serve the PA market.<\/p>\n<p>DRAFT is now a division of <strong>Paddy Power Betfair<\/strong>, which has a presence in nearly every gaming market and vertical. The group already offers DFS in Pennsylvania, and it intends to explore online gambling and sports betting in due time. Both DRAFT and NY-based Boom Fantasy offer newer, <strong>non-traditional variants<\/strong> of DFS.<\/p>\n<p>Fantasy Football Players Championship (FFPC) and Sports Hub are the wildcards, both relatively unknown in the space. FFPC is a paid, <strong>season-long product<\/strong> that offers contests across a tall range of stakes. It\u2019s actually been around since 2008, based on an idea formulated several years earlier. Sports Hub is brand new, apparently close to <strong>debuting<\/strong> its proprietary platform.<\/p>\n<p>And, of course, it\u2019s no surprise to see industry leaders DraftKings and FanDuel at the front of the line.<\/p>\n<h2>What changes for PA DFS?<\/h2>\n<p>From the players\u2019 standpoint, <strong>not much will change<\/strong> in the DFS landscape. The major sites already serve the state, customers already play the games, and both of those things will continue as before. Now, though, there are <strong>additional safeguards<\/strong> in place to <strong>protect customers<\/strong> and their funds.<\/p>\n<p>Operators have a long list of <strong>new rules<\/strong> they must adhere to, but that won\u2019t really change much, either. Proposed regulations fall in line with those in many other states, and <strong>sites have been complying<\/strong> with those for years. They will, however, have to file <strong>tax returns<\/strong> with the state of Pennsylvania going forward.<\/p>\n<p>That\u2019s really the only change. The state will now receive a <strong>direct share<\/strong> of the revenue generated from paid-entry fantasy sports contests.\u00a0Some analysts estimate that about <strong>65,000<\/strong> Pennsylvanians will participate, projecting <strong>$7.5 million<\/strong> in annual revenue for the state.<\/p>\n<p>It\u2019s <strong>not a ton<\/strong> of money, mind you, but it\u00a0is essentially <strong>free money<\/strong> found between the couch cushions.<\/p>\n<p>The post Eight Platforms Apply For New PA DFS Licenses, Including FanDuel And DraftKings appeared first on Play Pennsylvania.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pennsylvania\u2019s gaming industry is marching ambitiously into a new era.\u00a0About six months after the state approved a sweeping expansion package,&hellip; <a class=\"more-link\" href=\"https:\/\/www.pokerscout.com\/eight-platforms-apply-for-new-pa-dfs-licenses-including-fanduel-and-draftkings\/\">Continue reading <span class=\"screen-reader-text\">Eight Platforms Apply For New PA DFS Licenses, Including FanDuel And DraftKings<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"link","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[374,6],"tags":[],"class_list":{"0":"post-5687","1":"post","2":"type-post","3":"status-publish","4":"format-link","6":"category-industry","7":"category-news-category","8":"post_format-post-format-link","9":"entry"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Eight Platforms Apply For New PA DFS Licenses, Including FanDuel And DraftKings -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pokerscout.com\/eight-platforms-apply-for-new-pa-dfs-licenses-including-fanduel-and-draftkings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eight Platforms Apply For New PA DFS Licenses, Including FanDuel And DraftKings -\" \/>\n<meta property=\"og:description\" content=\"Pennsylvania\u2019s gaming industry is marching ambitiously into a new era.\u00a0About six months after the state approved a sweeping expansion package,&hellip; 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