Delaware sports betting market grows strongly in November

Delaware sports betting market grows strongly in November

Tuesday, December 18, 2018 Posted by News Team
State's iGaming market struggles

Delaware’s sports betting market has posted its second-highest monthly revenue total, driven by strong growth in customer wagers. 

Total handle for the month ended November 25 rose to $16.4m, which after player winnings of $15.1m and vendor fees of $160,711 left revenue of $1.1m for the state. This represented a 151% month-on-month increase, though lags behind September’s $3.2m revenue total.

Delaware Park was responsible for $805,285 of total revenue, with a total of 338,965 bets placed over the month. 

Since the state’s sports betting market launched on June 24, Delaware has generated $6.8m in revenue from total player stakes of $70.9m. 

However, Delaware’s iGaming market failed to match the sports betting vertical, with revenue falling 8% from the October calendar month to $209,235.

This came predominantly from video lottery games, which accounted for $123,005 of the total, followed by $68,336 from table games, while poker rake and tournament fees generated $17,894.

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