Delaware sports betting slump continues in July and August
In July, bettors in the state placed a total of 109,968 wagers, worth $.4.1m, down 31.7% from a handle of $6.0m in June.
After $3.0m of the total handle was paid out in winnings and $75,113 was paid in vendor fees, the three operators generated a total of $634,169, a reduction of just 1.8% compared to June, despite reduction of 31.7% in handle and 23.6% in the number of wagers placed.
In August, the number of wagers was back up, at 146,773 – higher than the figures recorded in either June or July.
Total handle across the state for the month was $4.9m, up 19.5% on July, but still some way behind June’s figure, giving August the second-lowest recorded monthly handle this year to date.
After paying out $4.4m in winning and $65,678 in vendor fees, Delaware’s sportsbooks reported net proceeds of $459,968, down 27.5% on July despite the uptick in handle and revenue.