DFS in the regulated Pennsylvania market dipped in December 2020, down 12.3% year-over-year to $3.0 million in net gaming revenue.

Entry fees did better, down only 3.5% to $28.9 million. The gross win margins of both DraftKings and FanDuel declined in December to 10.3% and 9.2%, respectively. Traditionally they enjoy margins of around 11%.

The gap between these two operators, which grew markedly in November, extended into December: FanDuel generated $1.0…

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