In August, Delaware’s online gambling industry experienced remarkable growth, setting new records for revenue for the second consecutive month. The sector’s revenue reached $1.30 million, a remarkable 37.2% increase from the same period in 2021 when it was $945,512. Let’s delve into the key aspects of this exceptional performance and the leading operators contributing to this success.
Revenue Growth and Player Spending:
Delaware’s online gambling revenue witnessed a substantial surge, reaching $1.30 million, marking a 37.2% rise compared to the previous year. In tandem with the remarkable revenue increase, player spending in August amounted to $36.8 million, showcasing a significant 69.6% year-on-year growth. Despite a minor decline of 6.6% from July 2022’s figures of $39.4 million, the industry’s consistent upward trend remains evident.
Breakdown of Revenue Sources:
Online video lottery games proved to be a significant revenue generator, contributing $1 million to the sector’s earnings, with consumers spending $21.8 million. Internet table games followed closely, raking in $221,330 from a total of $15 million in bets. Additionally, poker rake and fee revenue reached $37,169 during the same period.
Leading Operators in the iGaming Sector:
Among the various operators in Delaware’s online gambling landscape, Delaware Park emerged as the frontrunner, securing $558,272 in revenue from $15.8 million in bets. Bally’s Dover also showcased impressive performance, registering $412,044 in revenue from $12.1 million in bets. Harrington Raceway, with $326,657 in revenue from $98.9 million in wagers, demonstrated its significant contribution to the sector’s success.
Sports Betting Revenue Surge:
Delaware’s sports betting revenue soared to $354,444, reflecting a remarkable 439.7% increase from the same period last year, when it was $65,678. While the revenue witnessed a slight dip of 7.5% compared to July’s figures of $383,249, the overall performance remains noteworthy. Players actively engaged in sports betting, wagering $2.9 million in August, showcasing a 7.4% increase from July’s $2.7 million but a 40.8% decline from the same month last year.
Leading Operators in Sports Betting:
Delaware Park played a dominant role in sports betting, recording revenue of $162,795 from a handle of $1.4 million. Bally’s Dover also made significant contributions, with revenue of $101,243 from $837,814 in bets. Harrington Raceway registered $54,472 in revenue from $448,645 in wagers, further solidifying the operators’ positive impact on the sports betting sector.
Delaware’s online gambling industry witnessed an outstanding performance in August, achieving a substantial revenue increase and setting new records for two consecutive months. Players’ engagement remained strong, despite minor fluctuations in spending patterns. Delaware Park, Bally’s Dover, and Harrington Raceway played pivotal roles in the industry’s success, and the sports betting segment also experienced significant growth. This performance underscores the robustness of Delaware’s online gambling market and hints at a promising future for the industry.