Delaware Sports Betting Reaches $16.8M in Revenue

Delaware Sports Betting Reaches $16.8M in Revenue

After a promising start in July and August, Delaware’s sports betting market is pacing up and delivering results that exceed expectations…

…Namely, for the month of September, sports betting revenue has more than doubled and 340,000 bets placed during the month have raked in quite a lot of cash.

Money Flooding In

Comparatively looking, in August the total amount of money bet on sports was $7.7 million – in September, that rose to $16.8 million!

Of course, the main “culprit” for such a higher rate of wagers is the beginning of the NFL season, USA’s single most popular professional league competition…

…Most of the sports betting share still belongs to Delaware Park, which remains by far the busiest and most popular venue for this – from a total $16.8m, $11.6 million in bets was placed here, which is 69% of all bets in the state!

Sports betting enthusiasts can also place their wagers at Dover Downs Hotel & Casino and Harrington Raceway & Casino. All three location’s sportsbook come from GVC’s Stadium Technology Group.

First in Line

This spring, the US Senate repealed the PASPA act that prevented sports betting from becoming a legal form of gambling in US states and Delaware was quickest to react…

…The state became the first in the US to regulate sports betting and its market went live on June 5th. New Jersey currently leads the way in terms of revenue success, while Mississippi, West Virginia, Pennsylvania and Rhode Island are about to launch their sportsbooks soon.

Source:

“Delaware sports revenue jumps to $16.8m in September”, igamingbusiness.com, October 3, 2018.

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