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Home > Blog > Finance > Delaware’s November Finance Report: Strong Growth in Igaming Revenue but Decline in Sports Betting
Finance

Delaware’s November Finance Report: Strong Growth in Igaming Revenue but Decline in Sports Betting

Karol Petersen
Last updated: January 3, 2024 3:42 pm
Karol Petersen
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Total igaming revenue in Delaware in November was $1.1m (£882,214/€1.0m), experiencing a notable 13.0% increase from $987,423 in November 2022 and surpassing $982,919 in October 2023 by an impressive 13.5%. The revenue breakdown reveals that $900,418 derived from online video lottery games, $188,050 through internet table games, and $27,170 from poker rake and fees.

Delaware iGaming revenue displays a positive trend, marking a 13.5% growth compared to October 2023.

Turning to spending, players in Delaware invested $32.1m in igaming during November. Although this figure represents a 24.8% decrease from $42.7m in 2022, it demonstrates a 5.3% improvement from the $30.5m spent in October. Categorizing the spending habits, video lottery games attracted $23.4m in total wagers, while table games accounted for $8.7m.

Within the igaming market, Delaware Park holds the top spot, generating $452,554 in revenue from $11.9m in wagers. Bally’s Dover secures the second position with $384,111 earned from $9.3m, followed by Harrington Raceway with $278,973 drawn from £11.0m.

On the other hand, the Delaware sports betting market experienced declines in November, with revenue amounting to $576,800. This represents a significant 62.3% drop compared to the $1.5m achieved in November 2022 and an even larger decline of 78.0% when compared to October’s $2.6m haul.

Sports betting faced a considerable setback, declining by 78.0% compared to October 2023.

Furthermore, sports betting spend for the month reached $8.1m, showing a 20.6% decrease from $10.2m in 2022 and a 24.3% decrease from $10.7m in October 2023. Analyzing the market share, Delaware Park maintained its lead with $368,904 in revenue generated from a $2.5m handle. Following closely, Bally’s Dover accumulated $54,588 from a $1.0m bet, while Harrington Raceway managed $19,476 from $364,706.

In addition, the Delaware Lottery observed an additional $408,055 in revenue from $4.9m in wagers placed at retailers in November.

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By Karol Petersen
Karol Petersen is a distinguished writer with a fervent interest in the realms of gambling and online gaming. With a career spanning over a decade, Karol has developed a comprehensive understanding of the gambling industry, including casinos, sports betting, poker, and the burgeoning online gaming sector. Known for his meticulous research and engaging writing style, Karol provides readers with in-depth reviews, insightful strategies, and up-to-date industry trends. His work demystifies complex topics, making them accessible and enjoyable for both beginners and seasoned gamblers. Karol's articles are trusted resources, offering practical advice and expert analysis that empower readers to make informed decisions and enhance their gaming experience.
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