Delaware Revenue from Wagering on Sports Declines in April

TopUsBets.com

By Kelsey McCarson

May 17th, 2019 - 8:30am

Delaware sports betting revenue dipped during the month of April at all three sportsbooks according to the Delaware Sports Lottery. Bettors in Delaware wagered a total of $6,088,183 at Delaware’s three legal sportsbooks, Delaware Park, Dover Downs and Harrington Raceway, a sharp decline from the $10,483,128 played in March.

The total payout also went down from $8,604,082 in March to $5,384,444 in April, as did the total amount of revenue collected by the sports books, from $1,644,164 in March to $615,772 in April.

Total Sports Betting Revenue Reaches $12.4 Million

Overall, Delaware has seen $12.4 million in total sports betting revenue from its three sportsbook operators since full-scale sports betting action began on June 5, 2018. The year-to-date total amount of revenue for 2019 is just over $3.7 million, with the majority of it coming from Delaware Park, a casino and racetrack located about 30 miles south of Philadelphia, Pennsylvania.

While probably not quite the huge windfall state legislators expected when Delaware became just the second state in the U.S. to offer legal sports betting at local casinos, there’s no doubt the move has added a considerable amount of newly created revenue to the state’s economy.

Delaware got out of the gate fast in the effort to cash in on the Supreme Court’s decision last May to overturn the Professional and Amateur Sports Protection Act (PASPA) which was basically a federal ban on sports gambling outside of Nevada. While Delaware and a few other states were probably technically exempt from PAPSA, the Supreme Court’s decision ultimately removed all potential obstacles for states like Delaware to offer legal sports betting.

Legislators in Delaware reportedly moved fast to getting their sportsbooks up and running in an effort to bring more visitors to the state. In turn, Delaware has reaped a big return already despite the low numbers reported for April.

Delaware Park Continues As Market Leader

Despite the downtick in wagers, Delaware Park continued its stranglehold on being the state’s top sports betting location. Located just outside the state’s second largest city, the multi-faceted gaming facility collected $369,894 in revenue from a little over $3.6 million wagered.

Dover Downs, a hotel, casino and racetrack complex in Dover, remained in second place by collecting $131,139 in revenue from $1.26 million in wagers. Dover Downs has steadily outperformed Harrington Raceway since legal sports betting began but is much closer to that rival in terms of wagers collected and revenue earned than market leader Delaware Park.

Meanwhile, Harrington Raceway, on the fairgrounds of the Delaware State Fair and around a 35-minute drive from Dover Downs, collected $114,739 in revenue from over $1.16 million wagers.

Overall, the sportsbooks have combined to collect 819,920 total wagers in 2019, collecting around $37 million from bettors and paying out $32.7 million in winnings.

TopUsBets.com
Written By
Kelsey McCarson

Kelsey McCarson is a veteran sports journalist who covers boxing and MMA. He also covers boxing for Bleacher Report, TheSweetScience.com and NYFights.com, and his work has appeared in USA Today, CNN and Fox Sports.

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Kelsey McCarson is a veteran sports journalist who covers boxing and MMA. He also covers boxing for Bleacher Report, TheSweetScience.com and NYFights.com, and his work has appeared in USA Today, CNN and Fox Sports.

...

Read More