Delaware’s July Revenue Brings $288,675 despite Consumers Spending Less

According to the statistics, year-on-year revenue in July from the regulated Delaware online gaming market expressed improvement. Total revenue for the seven months to 31 July stands at $1.99m.

The positive figures come as surprise, even though consumers spent almost $10m less than in the same month last year. For this period, the overall player spending totaled $71.5m.

Consumers Spending Less

The total amount of revenue for the month was $288,675 (£239,273/€258,920)…

… which is a growth from $248,240 last year. Compared to$257,26 generated in June 2019, the lowest total of the year to date, this number also represented a significant improvement.

However, player spending went significantly down year-on-year. The amount wagered online in July of this year standing at $7.92m, compared to $17.92m in 2018. Player winnings were also down from $17.7m to $7.66m.

Delaware Park, Dower Downs, Harrington Raceway

Delaware Park remained just out ahead in of the acquired revenue posting $114,707 in July in Delaware. This represents a decrease from $119,953 last year. Customers spent a total of $2.4m at the establishment, winning $2.3m in the process – down from a spend of $15.1m and $15.0m in winnings in the year behind.

However, Dover Downs significantly closed the gap on Delaware Park in July, with its revenue just behind on $110,230, up 62.3% from July 2018. This establishment remained the venue of choice for punters. Expressed in numbers, with players spend at $3.9m and winnings of $3.8m, compared to the $1.5m wagered and won $1.4m last year.

Harrington Raceway also saw its revenue rise…

… to $63,738, from $60,658 last year. Consumers spending went up from $1.3m to $1.6m. Compared to $1.2m last year, winnings for the month amounted to $1.5m.

Constant Fluctuations

The figures from January surged compared to last year’s. There was 57.9 percent year-on-year increase and an 11.2% month-on-month jump compared to December 2018. Total iGaming income was $279,541, with players placing $7.4 million in wagers.

February brought a huge setback, with only $22.152 for the whole month. An overall sports wagering revenue in the state was $1.46 million, coming from $20.4 million worth in wagers. Punters have won $18.75 million.

March brought a slight improvement…

… of $1.6 million, which is a significant improvement after difficulties from the month before. However, April’s statistics went down again, bringing only $615,772.

Nevertheless, the oscillations continued, as May brought another betterment. Revenue from Delaware’s regulated iGaming market rose to $313,648 (£247,112/€278,007) in May. Again, these figures were unexpected, as the consumers kept on spending less money on gaming activities on the internet.

Source:

“Delaware iGaming revenue up despite lower spending”, Rob Fletcher, igbnorthamerica.com, August 15, 2019.