Delaware Sees Fall in Sports Betting Revenue During May

TopUsBets.com

By Jake Perper

June 17th, 2019 - 3:25pm

Delaware has seen a drop in revenue from sports gambling for the second straight month.

According to The Delaware Lottery, the report revealed that the May revenue was $406,293. That came in a lower number than the April one which was $615,772. It was also the second lowest month of the year for the state behind only a slow February which was at a measly $22,152.

In April, gamblers wagered roughly $6.1 million and $5.9 million in May and for Delaware it was worse that bettors took home $5.5 million this month off wagers over the $5.4 million in April.

There are three major sportsbooks in the state of Delaware that offer full scale sports betting. They come at the Delaware Park, Dover Downs Hotel & Casino Race & Sportsbook and the Harrington Raceway & Casino’s Murphy’s Race/Sportsbook & Grill.

On top of that, there are plenty of sports lottery retailers that are recognized by The Delaware Lottery, which are in cities such as Middletown, Dover, Newark, Milford and more.

An Inside Look At Delaware’s Revenue Makeup

For the Delaware Park, they remain the top revenue maker in the state. Last month the sportsbook had $3.7 million in total sports bets with a reported revenue of $252,067. In April, the revenue that came in was at $369,894.

As for Dover Downs Hotel & Casino Race & Sportsbook, the handle took in $1.5 million this past month. That number was up from the $1.3 million from April, but much like Delaware Park, the total revenue dipped from $131,139 to $101,444.

As for Harrington Raceway, the third sports betting venue in the state fell in both revenue ($114,739 to $52,782) and money gambled in total ($1.2 million to $768,048).

So far this year, Delaware has taken in $4.1 million in revenue from the three licensed sports betting venues on its $42.9 million in bets in total.

Online Gaming Market Outlook

Even with the drop-off rom the revenue at the trio of licensed sports betting venues (Delaware Park, Dover Downs and Harrington Raceway), the online gaming market is on his way up.

The performance is really impressive, especially in the month of May with revenue reaching $313,648 which is the top of the year so far. The three sports betting revenues made roughly $92,645 more than the online market.

Going back a bit further, despite a decline in April, the month of March had also seen a sharp increase in revenue. So one month rarely tells the whole story in the state.

Delaware became the very first state to approve the United States Constitution back in 1787 and was the very first state not named Nevada to provide single-game sports betting to its gamblers.

With a population of just under 1,000,000, according to the U.S. Census Bureau, the progress has been tough for Delaware but the state is set to total 1,000,000 by the end of this month.

Compared to Nevada and New Jersey, Delaware is not going to be the market those type of sports gambling realms, but with just three sports betting operators and plenty of online options, there is still a possibility that the numbers go up when more action is to be had.

We will get a real feel for Delaware’s landscape when NFL football starts back up in late August. The online market through mobile devices and desktop computers is where Delaware will continue to flourish regardless of sports being played.

TopUsBets.com
Written By
Jake Perper

Jake Perper covers gambling news for TopUSBets.com. He has been a sports writer for a decade, covering every level of sports.

He’s currently the lead scout for Prep Hoops Florida based out of Tampa, Florida and has covered the Chicago Bears for the... Read More

Jake Perper covers gambling news for TopUSBets.com. He has been a sports writer for a decade, covering every level of sports.

He’s currently the lead scout for Prep Hoops Florida...

.. Read More