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Delaware sports betting revenue up again in October


Delaware’s sports betting market posted its second highest revenue figures of the year to date in October, though this represented an 11.7% year-on-year decline.

Revenue of $1.5m was the highest since January of this year, before the novel coronavirus (Covid-19) pandemic hit the sector, and was by far the best performance since retail sportsbooks resumed operations in July. It also represented a 66.8% month-over-month improvement.

Players staked $8.9m in the four weeks to October 25, down 7.3% from $9.6m in the same month in 2019, but an increase of 22.0% on September this year‘s $7.3m handle.

Consumers in Delaware won a total of $7.2m from sports wagering during the month, placing 171,936 bets in the process.

Delaware Park remained the market leader in October by reporting $829,438 in sports betting revenue, which was more than half of total monthly revenue in the state and almost double the $425,002 it generated in September.

The venue also processed $4.9m in bets during the month, an increase of 36.1% from $3.6m in September.

Harrington Raceway again clinched second place with $390,475 in revenue, up 53.2% from $254,809 in September, while its handle climbed 21.1% month-on-month to $2.3m.

Dover Downs ranked third with $288,485 in sports betting revenue, up 28.4% month-on-month, but handle remained level at $1.7m.

For the year to October 25, sports betting revenue came to $5.0m, down 47.4% from $9.5m at the same point in 2019, while the state’s handle was also 50.1% lower at $39.4m.

Earlier this week, the Delaware Lottery also published figures for the state’s igaming performance in October, during which revenue climbed 161.6% year-on-year to $643,714, though this was its lowest monthly total since March.

Image: Calstanhope via Wikimedia Commons