Delaware posts sports betting revenue decline

Gambling facilities in Delaware registered a 42% decrease in sports betting revenues when compared to the same month in 2018.

US.- According to figures released this week by the Delaware Lottery, which is in charge of sports betting operations in the state, the gambling modality posted a 42% year-on-year decrease in revenues.

The three facilities in the state registered US$4.4 million in revenue during last month’s operations. This figure is significantly lower than what they had registered in August 2018, when Delaware Park, Dover Downs and Harrington Raceway took in US$7.7 million.

If taken into consideration sports betting handle figures, the sportsbooks in Delaware kept 11.4% of the money wagered, representing US$505k. Despite the positive number, it also represents a 28.5% fall when compared to August 2018.

iGaming revenue rises in the state

After posting a year-low in June and recovering in July, Delaware’s iGaming market posted an impressive increase in revenues during August operations. The online gaming segment increased 30.4% year-on-year in August.

Total revenue was US$290.1k, which is significantly higher than the US$222.5k from August 2018. It is the highest monthly total since May 2019’s US$313.6k

Player spend was US$12.5 million in August, which is a significant increase from the US$8.8 million registered in July. The figure is the highest amount since the US$14.6 million registered in March 2019. Players winnings also increased to US$12.3 million, up from the US$8.6 million from the same period in 2018.

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