Delaware's Online Gaming Market Revenue Slips to a Year Low, Player Spending at Its Lowest Since January

Delaware’s regulated online gambling market has slipped up somewhat and reported a year-low result of $257,263 for the month of June. This was accompanied by player spending that was at its lowest since January.

June was all the more disappointing when this is considered: in May, Delaware posted a revenue of $313,648, which is this year’s highest monthly total.

Less Wagering

From May’s $11.7 million…

…consumer spending dropped to $8.9 million. This is the lowest figure since January’s $7.4 million wagered online. In June, players win $8.7 million, compared to $11.4 million in May.

In of revenue success, Delaware Park is still top of the line: they posted profits of $122,472, up from May’s $127933. In this casino, consumer spending was also higher than in the month before: it rose from $2.6 million to $3.1 million. Players have won $3 million in this casino.

The Pecking Order

But, as it goes, the other two licensed land-based venues did not do so well in comparison. In fact, both reported a decline in iGaming revenue in June.

Dover Downs is still the most popular casino in Delaware, as it accepted $5 million in bets, even though this is a substantial drop from May and $8.1 million. Total revenue in this casino was $79,505 compared to previous month’s $123,044.

Revenue dwindled down in Harrington Raceway as well – from $62,672 to $49,286. Player spending also fell from $1 million to $858,519.

In total, for the first six months of the year, the three Delaware casinos amassed a collective revenue of $1.7 million. Players spent $63.3 million in total.

May’s False Dawn

During previous month, the state reported iGaming revenue of well over $313,648…

…which was the biggest month-on-month sum to date. In this month also, the three casinos retained their usual positioning. Delaware Park come out a winner, followed by Dover Downs in second and Harrington Raceway in third place.

This Eastern state was among the first ones to react to the US Supreme Court’s abandoning of PASPA and regulated its sports betting rapidly, in May 2018, merely weeks after the confirmation of the historic decision.

A month prior to that, the state Senate approved the casino relief bill that lowered gambling taxes.

Regarding this, State Senator, Brian Bushweller, commented that “the simple fact is that the casino industry is very, very important for the local economy here in Kent. Yet over the years our practice of increasing the state’s take … has put Dover Downs and the industry in a precarious situation.”

Source:

“Delaware igaming revenue dips to year-low in June”, igbnorthamerica.com, July 16, 2019.