Delaware’s gaming landscape in November 2023 showcased intriguing trends in iGaming and sports betting. The reported data indicates notable fluctuations in revenue, wagering figures, and the emergence of online sports betting platforms.
iGaming Performance Overview:
In November 2023, Delaware’s iGaming sector demonstrated promising growth, with a substantial 13% increase in revenue compared to November 2022. The total iGaming revenue stood at $1.1 million, with a breakdown revealing $900,418 from online video lottery games, $188,050 from online table games, and $27,170 generated from poker rake and fees. Despite a decrease in player expenditure by 24.8% year-on-year ($32.1 million compared to $42.7 million in November 2022), there was a 5.3% increase from October 2023’s figures.
Market Performance by Venue:
Delaware Park led the iGaming market, securing $452,554 in revenue from $11.9 million in wagers, followed closely by Bally’s Dover, reporting $384,111 in bets and $9.3 million in revenue. Harrington Raceway also made a mark with $278,973 in revenue off $11 million in wagers.
Sports Betting Trends:
In contrast to iGaming, Delaware’s sports betting sector faced a considerable decline in November 2023. Revenue plummeted to $576,800, marking a 62.3% decrease from the previous year and a stark 78% decline from October 2023’s figures. The total handle reached $8.1 million, down by 20.6% from November 2022’s $10.2 million and 24.3% from October 2023’s $10.7 million.
Market Leader in Sports Betting:
Delaware Park maintained its lead in sports betting, generating $368,904 in revenue from a $2.5 million handle. Bally’s Dover followed with $54,588 in revenue and $1 million in handle, while Harrington Raceway recorded $19,476 from $364,706 in wagers.
BetRivers’ Entry into Online Sports Betting:
A notable development in Delaware’s gaming landscape was the introduction of BetRivers’ online sports betting platform. Exclusive to Delaware, this platform commenced operations at Bally’s Dover Casino Resort, Casino at Delaware Park, and Harrington Raceway and Casino. This launch allowed casino players to access a range of online slots, table games, and sports betting, provided they were 21 years old and located within Delaware’s borders. The online sports betting market’s initiation complemented the state’s retail sports betting market, which debuted in June 2018.
The divergent trends between iGaming and sports betting in Delaware during November 2023 highlight the resilience and dynamism of the gaming industry. While iGaming witnessed a substantial revenue boost, sports betting experienced a significant downturn. BetRivers’ entry into online sports betting presents an exciting opportunity for Delaware’s gaming enthusiasts, marking a pivotal moment in the state’s gaming landscape. The coming months will be crucial in assessing the trajectory of these sectors and their collective impact on Delaware’s gaming economy.