When does a slump become a crisis?

When does a slump become a crisis?

Thursday, May 28, 2015 Totally Gaming
State's online gaming market almost halves in one year

The Delaware Lottery has revealed that revenue generated by operators in the US state’s online gaming market has almost halved in the space of one year.

Combined online gaming revenue during the month of April amounted to just $132,000 (€121,400), which represents a drop of 45 per cent from when the state’s market peaked at approximately $240,800 in April of last year. The latest figure is also down 10 per cent on the amount posted in March this year.

Operators in the state have been hit particularly hard by significant drops in online poker and casino gaming.

Although revenue from online poker activities in April was up 11 per cent on the previous month, the figure of $48,500 was down by 35 per cent in comparison with the same month in the previous year.

However, online casino gaming is where the problem appears to lie for many operators in Delaware. Revenue from such activities amounted to just $15,600 in April of this year, 70 per cent less than in the previous month and the worst total since the state first legalised internet gaming activities in November 2013.

Although the state did experience an increase in revenue from slots and video poker in April, up 34 per cent on the previous month to $68,000, it is still lagging a long way behind Nevada and New Jersey – the only other states in the US to have legalised some form of online gaming.

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