Delaware betting market enjoys strong November

18 December 2018

Delaware’s legal sports betting market has enjoyed one of its strongest months of the year to date, while the state’s online casino and poker market has continued to struggle in November.

Net proceeds raised from sports betting for the month ended November 25 soared 151% month-on-month, aided by an 11% increase in handle to $16.4m. After player winnings of $15.1m and vendor fees of $160,711, the state generated revenue of $1.1m from the vertical.

The vast majority of revenue was generated through Delaware Park, with the venue’s revenue of $805,285 accounting for 72% of the total. Delaware Park also accounted for the bulk of wagers, generating 217,7666 (64%) of the 338,965 placed over the month.

For the year to date, Delaware has generated $6.8m from sports betting since the first bets were placed on June 24, with players staking $70.9m, and winning $63.2m.

The state’s iGaming market, however, struggled in the calendar month of November. Total revenue was almost unchanged from the previous year - $209,235 in 2018 compared to $209,476 in November 2017 - though this represented an 8% month-on-month drop.

The majority of revenue was generated via video lottery products, which accounted for $123,005 of the total, followed by $68,336 from table games and just $17,894 from online poker rake and tournament fees.

Dover Downs generated revenue of $90,880, making it the largest single contributor of the state’s three licensed iGaming entities. Harrington Raceway, which has tended to fail to match its rivals, moved into second place with revenue of $66,516. Delaware Park endured a difficult month, with revenue down 54% year-on-year to $51,838.

November saw 495 players register for iGaming accounts, up from the previous month, and more than double the 237 registrations in November 2017.