Sports betting suffers setback in Delaware

Sports betting suffers setback in Delaware

Delaware’s facilities reported underwhelming revenue results. Credits: delawareonline.com

The sports betting market in the state only generated US$22k during February’s operations.

US.- According to the latest figures from the Delaware Lottery, legal sports betting in the state posted underwhelming results in February. Licensed operators generated total revenue of US$22.152, the lowest in the state since it was legalised.

The US$22k figure is not only underwhelming but also significantly lower when compared to the US$1.4 million in revenue that the state recorded in January. Stakes also decreased from US$11.9 million to US$8.4 million, according to the Delaware Lottery.

The number of bets placed on sports in February totalled 193,537, down when compared to the 227,328 registered in January. Furthermore, punters took home U$8.46 million in winnings in February, down from the US$10.3 million in January.

Delaware Park took in the biggest number of bets placed to US$5.32 million. However, it posted a revenue loss of US$28.7k after paying out winnings. On the other hand, Dover Downs generated US$34k in winnings with a total of US$1.7 million in bets. Harrington Raceway, the third facility in the state, reported US$16.4k in revenue from US$1.4 million in customer stakes.

The state also registered an online revenue fall in February, decreasing from US$279k in January to US$274k in February. This setback comes from a higher percentage of winnings, as there also was a higher spend by consumers.

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