Delaware’s regulated sports betting market has reported revenue of $507,410 for the month of July, with lower customer winnings offsetting a decline in amounts wagered.
Total handle for the month ended 28 July 2019 amounted to $3.9m, a 38.0% decline on the $6.3m staked in June, and less than half the $8.2m wagered over the month ended 29 July, 2018.
However with less staked, customer winnings also fell, to $3.3m, or 85.2% of amounts wagered, compared to a 91.6% win percentage in June.
Once vendor fees – up 8.7% month-on-month at $72,487 – were stripped out, the Delaware Lottery was left with revenue of $507,410. This represents an 8.7% improvement on June’s total of $466,705, and a 10.0% increase from the previous year.
Looking at the market’s three licensed sports betting outlets, Delaware Park continued to lead the way in July, accounting for $2.6m (65.2%) of stakes, from which it generated revenue of $337,682.
The venue also accounted for the majority of bets placed in Delaware over the month, with 69,576 of the 111,870 bets occurring via Delaware Park.
Dover Downs followed with customers wagering $852,422 and revenue of $113,721. Harrington Raceway, meanwhile, accounted for the remaining $511,587 of stakes and $56,007 of revenue.
For the year to date, customers have wagered a total of $51.5m in the state, with players winning $47.3m. Vendors have been paid $728,694 for services such as Delaware’s central computer system, terminal equipment and risk management solution for sports betting, leaving revenue of $5.1m.