Browse articles by topic

Delaware sports betting and igaming revenue down in April


Delaware has revealed a month-on-month decline in sports betting revenue for April, while online gaming revenue also fell to a yearly low during the month.

Sports wagering revenue amounted to $615,772 (£479,891/€549,244) in April, down from $1.64m in March.

Players also spent less, with April’s total of $6.1m down from $10.5m in March, while punters won $5.4m compared to $8.6m in the previous month. However, March’s figures were boosted by additional betting around the March Madness US college sports series.

Delaware Park remains the market leader by a fair distance in the state, despite revenue slipping from $1.03m in March to $369,894 last month. Stakes were also down from $6.6m to $3.7m.

Dover Downs kept hold of second place, with revenue of $131,139 in April, down from $328,147 the previous month, while total stakes dropped from $2.1m to $1.3m.

Harrington Raceway ranked just behind Dover Downs with total sports betting revenue of $114,739, compared with $1.8m in March. Stakes dipped from $1.8m to $1.2m.

Meanwhile, there was also disappointment in Delaware’s online gaming market, where revenue amounted to $263,182, the lowest monthly total so far this year.

Players spent a total of $11.9m, which, although down from $14.6m in March, is the second highest monthly figure in 2019. However, punters proved to be more successful, winning an overall $11.7m in April.

Delaware Park also proved to be the most successful venue in terms of igaming revenue, with this amounting to $144,084 in April, up from $138,430 in March. This comes despite stakes slipping month-on-month from $8.4m to $5.2m.

Punters spent the most money at Dover Downs, with the total amount played in April amounting to $5.5m, up from $5.0m in the previous month. However, as a result of players winning more, revenue only reached $75,323, slightly down from $78,953 in March.

Harrington Raceway remains some way off the pace in terms of igaming, with its revenue for the month standing at $43,775, down from $71,360 in March. Stakes remained relatively flat at $1.2m, compared with $1.3m in the previous month.

For the four months through to the end of April, sports betting revenue in the state stood at $3.7m from $37.0m in total wagers, while online gaming revenue amounted to $1.1m from $43.0m in stakes.

Image:  Alpha Stock Images