Delaware Reveals Positive Trend for May Revenue with a Total of $313,648

As far as the figures show, revenue from Delaware’s regulated iGaming market surged to $313,648 (£247,112/€278,007) in May. The sum represents the highest monthly total of the year to date, despite the fact that consumers are spending less cash online. Taking the first five months of the year in total…

…operators reported generated revenue of $1.41m, with players spending $54.7m altogether online. The May revenue represents a significant improvement compared to April’s total of $263,183. The amount was incidentally the lowest monthly figure of the current year so far, based on the reports released by the Delaware Lottery.

April Goes down, May Goes up

According to reports, players staked $11.7m online in May in Delaware, which s for the lowest monthly amount since $9.0m in February. The players’ winnings also decreased month-on-month to $11.4m. Speaking of establishments, Delaware Park retained the leading position…

…in the state’s online gambling market in of revenue. To be precise, there was $127,932 off $2.96m in wagers for the month, which is a decline from April revenue of $144,084 and $5.2m in bets. The most popular platform for punters in May, Dover Downs, processed a total of $8.1m in bets, up from $5.5m in April. Revenue hit no less than $123,044…

…for the month compared to just $75,323 in April. The last one on the list, Harrington Raceway, remains slightly off the pace after taking $1.0m in online bets during May. The sum went down from $1.2m in the previous month, while revenue was surprisingly up month-on-month from $43,775 to $62,672.

Turbulent Q1

The revenue in the state had numerous ups and downs during the first quarter and fluctuations practically marked that period. To start with, January’s iGaming revenue made a huge leap compared to last year’s amount, with a 57.9%year-on-year increase and an 11.2% month-on-month jump from December 2018. Expressed in the precise amount, income was $279,541. However, despite this jaw-dropping success which marked the first month of the year…

…the struggles were highlights of February. Licensed suppliers in the state managed to acquire quite small revenue of only $22.152 for the entire month, which is obviously a huge setback compared to noteworthy success from January. On the other hand…

…the statistics reported a significant improvement in the third month of the year. This regulated sector managed to collect an amazing $1.6 million during the month of March. The numbers clearly show a massive increase from February’s underwhelming $22,152.

Just to remind, sports wagering in Delaware officially started operating on June 5th, 2018 and was the pioneer in allowing the implementation of this activity in the US following the Supreme Court’s repeal of PASPA.

Source:

“Delaware iGaming revenue hits new heights in May”, Robin Harrison Milan, igbnorthamerica.com, June 13, 2019.