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Delaware sports betting revenue drops again in May


The Delaware Lottery has reported a second consecutive month-on-month decline in sports betting revenue in May, with consumers spending less on wagering.

May revenue amounted to $406,293 (£322,700/€362,330), down from $615,772 in April and the second lowest monthly total of the year, behind the $22,152 that was generated in February.

Players spent a total of $5.9m on sports betting last month, down from $6.1m in April, while consumers proved more successful with wagers, winning a collective $5.5m compared to $5.4m in the previous month.

Delaware Park retained its position as the market leader in Delaware with total revenue of $252,067 off $3.7m in sports bets. The operator’s revenue fell from $369,894 in April, but the amount wagered by consumers remained level.

It was a similar story for Dover Downs, which saw its sports betting handle rise from $1.3m in April to $1.5m last month, but revenue slip from $131,139 to $101,444 as punters took home greater winnings.

Harrington Raceway, the only other licensed sports betting venue in Delaware, saw revenue slip from $114,739 to $52,782, with its handle also dropping from $1.2m to $768,048.

For the first five months of the year, Delaware’s three licensed sports wagering operators generated a collective $4.1m in revenue from $42.9m in bets. Punters won a total of $38.2m from betting on sports.

The decline in sports betting revenue comes as Delaware’s online gaming market performance improves, with revenue hitting $313,648 in May, the highest monthly total of the year to date.