Delaware’s online gaming sector experienced a modest decline in February, marking the second consecutive month of a dip in handle. Despite this, the state’s iGaming performance continues to outshine previous years, showcasing a robust and growing market. Let’s delve into the details of Delaware’s online gaming and sports betting activity for the month of February.
Online Gaming Handle and Revenue:
In February, Delaware’s online gaming handle stood at $38 million, marking a decrease of 13.8 percent from January’s $44.3 million. Despite this month-on-month decline, it’s essential to note that this figure represents an impressive 55.7 percent growth compared to February 2022 when the handle was $24.4 million.
The breakdown of the handle reveals that players invested $23 million in video lottery games and $15 million in online table games. Despite the dip in handle, revenue remained resilient, reaching $1.1 million, only slightly lower than January’s $1.2 million. This figure reflects a substantial 30.5 percent increase from February 2022 when revenue stood at $843,247.
Specifically, video lottery games contributed $800,562 to the total revenue, while online table games generated $277,722. Poker rake and fees accounted for $44,816 in revenue.
Key Players in Delaware’s iGaming Landscape:
Delaware Park continued to lead the pack in the state’s iGaming scene, securing the top spot with $481,750 in revenue generated from $16.7 million in wagers. Bally’s Dover followed closely with $337,743 in revenue stemming from $11.3 million in wagers, while Harrington Raceway secured the third position with $303,607 in revenue from $10 million in wagers.
Sports Betting Handle and Revenue:
Turning our attention to sports betting, Delaware experienced a notable decrease in handle, with February’s total at $4.1 million. This represents a substantial 51.8 percent drop from January’s $8.5 million and a 21.2 percent decline from February 2022’s figure of $5.2 million. Additionally, this marks the lowest monthly sports betting handle recorded since August 2022.
Despite the reduced handle, sports betting revenue for February reached $306,573, demonstrating resilience despite the drop in handle. This figure signifies an 81.3 percent decrease from January’s $1.6 million but boasts an impressive 212.4 percent surge compared to February 2022 when revenue was $98,135.
Key Operators in Delaware’s Sports Betting Market:
Delaware Park continued to dominate the sports betting landscape, reporting $65,908 in revenue from $966,910 in bets. Harrington Raceway secured the second spot with $38,182 in revenue generated from $477,443 in wagers, while Bally’s Dover reported $17,355 in revenue from $238,683 in wagers.
Delaware’s iGaming and sports betting sectors experienced fluctuations in February, with a dip in handle yet robust revenue figures. These trends reflect a resilient market that continues to thrive, even amid evolving dynamics. The future appears promising for Delaware’s gaming industry, showcasing its enduring appeal to both players and operators alike.