In December 2022, the Delaware Lottery reported a significant surge in both online gaming and sports betting revenues. Online gaming revenue reached an impressive $1.2 million, marking a remarkable 56.4% increase year-on-year and a solid 19.0% rise from the previous month’s earnings of $987,423 in November 2022. Simultaneously, sports betting revenue witnessed a remarkable boost, soaring to $1.4 million, showcasing an astounding 360.1% growth compared to December 2021 and a modest 6.7% uptick from November 2022.
Online Gaming Revenue Analysis:
The month of December 2022 witnessed a surge in online gaming revenue in Delaware, with the figures skyrocketing to $1.2 million, indicating a remarkable 56.4% surge in comparison to the previous year. This robust growth was fueled by several factors, including the increasing popularity of online video lottery, table games, and poker.
Online Video Lottery:
Online video lottery emerged as a powerhouse, contributing a substantial $890,894 to the total revenue for December. This segment’s popularity can be attributed to its accessibility and diverse range of games, making it an appealing option for players seeking engaging entertainment.
Table Games and Poker:
Table games and poker also played a pivotal role in driving online gaming revenue. Table games accounted for $243,899 of revenue, while poker rake and fees contributed $80,007. The allure of strategic gameplay in table games and the competitive nature of poker likely contributed to the steady growth in these segments.
Total Player Spending:
The cumulative player spending in the online gaming sector for December was noteworthy. A total of $44.3 million was spent on video lottery, highlighting the substantial engagement of players with this format. Additionally, $20.3 million was spent on table games, indicating a diverse interest among players.
Prominent Operators in Online Gaming:
Delaware Park emerged as the frontrunner in the online gaming sector, generating an impressive revenue of $569,366 from a total wager of $14.7 million. Bally’s Dover secured the second position with $351,514 in revenue, derived from a substantial wager amount of $17.6 million. Harrington Raceway followed closely, recording revenue of $253,920 from wagers totaling $11.8 million. These operators showcased their ability to attract players and offer a compelling gaming experience.
Surge in Sports Betting Revenue:
The sports betting sector in Delaware experienced a remarkable upswing in revenue during December 2022, with earnings reaching an impressive $1.4 million. This exponential growth of 360.1% compared to December 2021 is indicative of the surging interest in sports betting.
Wager Amount and Revenue Distribution:
Players wagered a total of $8.2 million in December, demonstrating a noteworthy increase of 9.3% compared to the previous year. Delaware Park emerged as the dominant player in the sports betting arena, securing revenue of $228,075 from a handle of $2 million. Bally’s Dover and Harrington Raceway also contributed significantly, recording revenues of $114,892 and $82,760, respectively.
The Delaware gaming industry witnessed a momentous December in 2022, with both online gaming and sports betting revenues soaring to new heights. The robust growth in online gaming revenue, driven by the popularity of video lottery, table games, and poker, underscores the diverse interests of players. Simultaneously, the staggering surge in sports betting revenue highlights the increasing fascination with sports-related wagering activities. Delaware Park, Bally’s Dover, and Harrington Raceway stood out as the key operators driving revenue in both segments. As the gaming landscape continues to evolve, these trends provide valuable insights into the preferences and behaviors of players in Delaware’s dynamic gaming market.