Browse articles by topic

Delaware sports betting revenue down in March


The Delaware Lottery has reported a year-on-year fall in sports betting revenue for March, but the $571,486 generated by operators during the month was higher than the total collected in February 2020.

Revenue in the five weeks to March 20 was down 64.3% from $1.6m last year, but when looking at the results on a month-on-month basis, revenue was up an impressive 257.6% from $159,800 in the previous month.

Players wagered a total of $3.9m on sports in March, a huge drop from $10.5m in the same month last year, though betting options were significantly limited due to the cancellation of many sporting events as a result of the novel coronavirus (Covid-19) outbreak.

Delaware Park retained top spot in the state’s market after posting $340,100 in sports betting revenue from $2.3m in total wagers during the month. Revenue was down 67.3% year-on-year, while player spending also fell 65.2%.

Harrington Raceway ranked second in March, generating $125,889 in revenue, down 55.0% from $279,450 last year, while consumers spent 53.6% less at $834,824.

Dover Downs followed in third with revenue of $105,487, down 67.9% from last year, while player spending also slipped 65.2% to $730,515.

For the year to date, sports betting revenue in Delaware amounted to $2.2m, a drop of 29.0% from $3.1m last year, while the state’s handle was 35.3% lower at $20.0m.

Last week, the Delaware Lottery also reported a year-on-year increase in online gambling revenue in March, with licensed operators generating a total of $514,959 during the month.

The total was 78.3% higher than the $288,745 reported in March 2019, while the figure was also 58.5% higher than $324,958 posted in February of this year. Player spending also jumped 12.3% year-on-year to $16.4m.