Browse articles by topic

Delaware sports betting revenue declines again in November


Delaware’s sports betting revenue declined for the second consecutive month in November, with the state’s three licensed sportsbooks bringing in $1.4m.

This was despite a higher handle and a greater number of wagers placed than in October.

Players staked a total of $10.3m in the four-week period ending on 24 November, down 35.9% from November 2018, while the number of bets placed fell 18.8% to 285,910. Revenue also fell 66.2% year-on-year, to $1.4m.

Delaware Park continued to be the most popular spot for sports bettors, bringing in revenue of $852,909 on a handle of $6.3m. This represented a 41.2% year-on-year drop in amounts wagered, and a 42.1% decline in revenue.

Dover Downs, owned by Rhode Island-based Twin River Holdings, was second in the state in revenue, handle and bets, at $270,132, $2.1m and 71,422 respectively. Revenue was down 34.3% from November 2018, while handle fell 35.1%.

The Harrington Raceway made up the remainder of sports betting revenue, bringing in $249,499 on a handle of $1.9m and 56,527 bets. Although it also declined year-on-year in revenue, handle and bets, these declines were slower than the other two locations, at 10.0%, 6.6% and 1.5% respectively.

With November’s figures, sportsbook revenue for the year surpassed $10m, reaching $10.9m at the end of the period. This exceeds 2018’s figure of $8.9m, though this came on only six months of bets after the market opened in June of that year. Customers have wagered $89.4m this year, with total handle for the year close to exceeding $100m.