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Delaware sports betting revenue soars in February


The Delaware Lottery has revealed that sports wagering revenue in the state amounted to $159,800 in February, representing a huge year-on-year increase, but a sharp decline on the total generated in January 2020.

Revenue in the four weeks through to February 23 was significantly higher than the $22,152 collected in the same month in 2019, but was also 89.4% lower than the $1.5m posted for the January 2020.

Consumer spending in February was down by 17.3% year-on-year to $7.0m, as players won a total of $6.8m, compared to $8.5m last year.

Delaware Park led the state’s market in February, generating a total of $96,773 in sports betting revenue, a significant improvement on a loss of $28,750 posted in February of last year. This was despite consumer spending falling by 20.8% to $4.2m.

Harrington Raceway moved into second place in terms of monthly sports betting revenue, with this jumping by 114.6% year-on-year to $35,278, but the overall amount wagered by players in February fell by 13.3% to $1.3m.

Meanwhile, Dover Downs, February 2019’s top performer and the venue ranked second in January 2020, saw its revenue fall 19.5% year-on-year to $27,749. Player spending also declined by 10.0% to $1.5m.

For the year to date, through to February 23, sports betting revenue in Delaware amounted to $1.8m, up 20.0% on $1.5m at the same point in 2019. The total bet by players in this period stood at $16.2m, down 20.8% from $20.4m in the same period last year.

Earlier this month, the Delaware Lottery also revealed that igaming revenue in the state increased 18.3% year-on-year to $324,958 in February as all three of its licensed operators reported growth.

The February amount was lower than the $387,865 figure reported in January of this year, while player spending was down month-on-month to $9.9m. However, on a year-on-year-basis, wagers were up 9.3%.