Delaware Sees Surge in Sports Betting Revenue, Stable iGaming in December

Delaware’s Sports Betting Thrives in December with iGaming Holding Steady

A Significant Leap in Sports Betting

Delaware’s sports betting market closed December 2023 on a high note, reporting a remarkable 50% year-on-year increase in revenue, reaching $2.1m. This spike signifies a 264.1% jump from November’s $576,800, reflecting a growing interest among bettors.

The state’s betting handle followed suit, with players wagering $5.8m on sports. This figure not only surpasses December 2022’s totals by 7.3% but also represents an 8.6% increase from November’s $8.1m.

Delaware Park Leads in Sports Betting

Delaware Park emerged as the frontrunner in this growing market, generating $302,801 in revenue from a $2.1m handle. Following closely were Bally’s Dover and Harrington Raceway, with revenues of $161,432 and $65,701, respectively.

December’s success was further bolstered by the launch of Delaware’s first online sportsbook, a collaboration between Rush Street Interactive (RSI) and BetRivers. This platform, which went live towards the month’s end, signifies a new era in Delaware’s sports betting landscape.

Moreover, an additional $1.5m in revenue was contributed by $5.2m wagers placed at retail locations, highlighting the sustained appeal of in-person betting.

Online Casino Market: Consistent Performance Amidst Dips in Spending

While the sports betting sector experienced a surge, Delaware’s online casino market remained steady, with December revenues reaching $1.2m. This consistency is noteworthy, especially considering a 29.4% decline in player spending compared to the previous year.

Revenue sources for online casinos were diverse, with video lottery games contributing $968,264, table games adding $174,138, and poker rake and fees bringing in $24,191. Despite the decrease in spending, total player winnings for the month amounted to $30.2m, suggesting a healthy rate of return for consumers.

Delaware Park Dominates iGaming Revenue

In the iGaming sector, Delaware Park again secured the top position, earning $448,699 from a $17.6m handle. Bally’s Dover followed with $433,402 revenue generated from a $7.9m handle, and Harrington Raceway captured $284,490 off a $5.9m handle

The visual illustrates the dynamic and flourishing state of sports betting and online casino gaming in Delaware. It captures the essence of the market’s growth and stability, symbolizing the recent surge in sports betting revenue and consistent performance of online casinos. This image reflects the energy and excitement surrounding Delaware’s gambling industry, emphasizing its digital and online aspects.