The state of Delaware managed to increase its iGaming revenue despite registering lower spending numbers.
US.- The iGaming market in Delaware recovered in July after posting a year-low performance the previous month. iGaming operators in Delaware registered US$288k in net revenue during July operations.
The US$288k figure that the operators accounted last month represents an increase from the US$248.2k that they had registered during the same period last year. Last month’s results also represent an increase from the US$257k that the operators raked in June, which represented the lowest total of the year.
These results come despite a significant decrease in player spending. When compared to July 2018 operations, player spending decreased by approximately US$10 million in July 2019. The amount wagered last month was US$7.92 million, while the one registered in 2018 was US$17.9 million. Winnings also fell year-on-year from US$17.7 million to US$7.66 million.
As reported by local authorities, consumer spending reported its lowest figures in June since the ones registered in January. The performance comes as a surprise, as May was the month with the highest monthly total for the year to date results.
Sports betting registered a weak performance in the state in May, despite good results in the online segment. Revenue decreased 34% month-on-month and totalled US$406k. The overall handle also posted a fall, though the numbers weren’t that different from those registered in April.
May’s handle stands at US$5.9 million, and this is the last month in 2019 in which there aren’t year-on-year comparisons, as the segment was legalised in June 2018. The total number of bets fell 13% from April to 133,607. Delaware Park was once again the facility that registered the majority of those bets (84,982).