Delaware sports betting continues to struggle in February
Delaware’s legal sports wagering market suffered further setbacks in February as licensed operators generated total revenue of just $22,152 (£16,809/€19,696) for the month.
The figure is significantly down from the $1.4m in revenue posted in January, with stakes also dropping from $11.9m to $8.49m in the month ended February 24, according to the figures from the Delaware Lottery.
Punters took home $8.46m in winnings during February, compared to $10.3m in January, while the number of wagers decreased from 227,328 to 193,537.
Delaware Park was the most popular sports betting destination for consumers in Delaware, with $5.32m in bets placed at the venue. However, after paying out £5.34m in winnings, the venue posted a loss of $28,750 for the month.
Dover Downs was the most successful venue in terms of sports betting revenue, generating $34,460 in February after taking a total of $1.71m in bets. Harrington Raceway also reported revenue of $16,442 from $1.46m in customer stakes.
For the calendar year to date, total sports betting revenue in Delaware stands at $1.46m, from $20.4m in wagers, while punters have won $18.75m.
Meanwhile, the Delaware Lottery has also reported a month-on-month drop in online revenue for February, falling from $279,541 in January to $274,692.
This decline comes despite higher spend by consumers, with the total of $9.02m significantly up on $7.42m in January. However, punters won more in February, taking home $8.77m compared to $7.17m in the previous month.
Delaware Park overtook Dover Downs to become the most successful igaming destination in terms of both revenue and the value of total wagers placed. The venue posted revenue of $115,518, with amounts wagered reaching $5.07m during the month. Total winnings of $4.97m were paid out.
Dover Downs reported revenue of $103,452 from $2.70m in total wagers, while Harrington Raceway posted revenue of $55,721 from $1.25m staked.