Delaware's Sports Betting Reports A Massive Slump In Annual Turnover

The state of Delaware has reported a big decline in sports betting revenue for the month of March, compared to the same period last year: 64.3%, to $571,486, from $1.6 million last year.

Still, the monthly total is much higher than February 2020’s figure – 257.6% higher, from $159,800.

Players’ Habits

In of wagering…

…players placed 3.9 million in sports bets in March, which was a massive drop from $10.5 million in the same month last year. The reason for this is that there were a lot less sporting events this March.

Delaware Park was the highest-grossing venue in Delaware – their income was $340,100 from $2.3 million wagered during the month. This is a 67.3% decline in revenue. Player spending fell 65.2%.

The runner-up in of revenue was Harrington Raceway, which generated $125,889 in revenue. This is a 55% fall from last year, while consumers spent $834,824 – 53.6% less.

Dover Downs came third with $105,487 in revenue, which was down 67.9% from last year. Player spending slipped 65.2% to $730,515.

Looking at it on a yearly basis…

…sports betting in Delaware amounted to $2.2 million, which is a 29% fall from 2019’s $3.1 million.

iGaming Revenue Goes Up

These figures come one week after Delaware Lottery reported numbers on iGaming…

…which were quite different than these, with revenue rising instead of falling.

Licensed operators generated $514,959 during the month, which was 78.3% higher than the March 2019’s $288,745. This figure is also 58% higher than February’s $324,958. Player spending rose 12.3% year on year as well.

Dover Downs overtook Delaware Park and became the market leader in March, posting $213,188 in iGaming revenue, with customers spending $8.2m.

Source:

“Delaware sports betting revenue down in March”, igamingbusiness.com, April 20, 2020.