Delaware's Online Gaming Revenue Reached New Heights in September

State of Delaware has reported annual record in online gaming revenue that reached $384,830 in the month of September.

This figure was reached despite the fact that consumers spent less on a monthly basis. Previous monthly record was that of May this year, when $313,648 in turnover was generated. September marks only the second time that 300K mark was exceeded.

Records With Similar Spend

Delaware can be proud of this result…

…especially having in mind that it was achieved with players spending less overall than in August! In September, total player handle was $11.8 million compared to prior month’s $12.5m.

What is interesting is that in May, when the previous revenue record was set, players wagered the similar amount of money – $11.7 million!

Out of all online games, table games were the most popular – players spent $7.9 million on this genre and operators took $171.156 in revenue. For licensees, however, the number one source of income was video lottery – it generated $192,750 in turnover. $3.9 million in bets was placed on video lottery games.

In total, players won $11.4 million from iGaming in September. $7.7 million of that was won on table games while $3.7 million was won on lottery.

Dover Downs Leads the Way

As far as gambling venues are concerned…

…Delaware Park was the facility of choice for many. This place took $7.1 million in online gaming bets. Players won $6.9 million, which amounted to a monthly revenue of $126,413.

However, when it comes to revenue generated, then Dover Downs was the winner! They had the most successful September, as they generated $198,374 from $3.8 in wagers.

The only remaining revenue that has online gaming license in Delaware, Harrington Raceway, made $60,043 from $957,009 in online bets. Delaware’s total igaming revenue for the year, until the end of September, was $2,68 million. Players in this state have spent $96.5 million.

Dover Downs Acquired by Twin River

IN April this year, Twin River Worldwide has confirmed the purchase of Dover Downs Gaming and Entertainment. The merger of the two companies created a new stock exchange ticker symbol, TRWH.

The official statement upon the completion of a purchase said that the organizations still strive for “clear focus on building sustainable shareholder value”.

Twin River’s executive chairman, John Taylor, has said that the company was focused on business growth and that the ultimate objective was to create a greater shareholder value and expand geo footprint.

“Our management team has done a great job diversifying our revenue base and creating sustainable growth. The Dover Downs acquisition and New York Stock Exchange listing mark the beginning of a new chapter for us by adding to our geographic base, providing us currency for strategic steps and eventually leading to liquidity for stockholders.”, said Taylor

Source:

“Delaware igaming revenue climbs to year-high in September”, igbnorthamerica.com, October 15th 2019