Figures released by the Delaware Lottery show a sharp decline in sports betting revenue for February.
According to the figures, a total of $8.5m was wagered at Delaware’s sportsbooks. This is a significant decrease from January’s handle of $11.9m.
Not only did handle drop but so did revenue. Sports betting operations in Delaware managed to generate just $22,151. This is a massive decrease from January’s revenue of $1.4m.
Looking closer at the figures, Delaware Park took the majority of bets with a handle of $5.32m. However, after paying out $5.34 on successful wagers, Delaware Park posted a loss of $28,750.
Dover Downs took $1.71m in bets and held on to $34,460, making it the most successful sportsbook in Delaware in February.
Harrington Raceway took $1.45m in bets and managed to generate $16,442.
The heavy losses suffered by Delaware’s sportsbooks could be attributed to the outcome of the Super Bowl where the New England Patriots beat the Los Angeles Rams.
But Delaware wasn’t the only state to see a decline in revenue.
Figures released by the Rhode Island Lottery showed that Rhode Island’s sportsbooks lost over $890,000 in February.
In other news, the merger deal between Dover Downs and Twin River received stockholder approval last week. This means that Dover Downs will become a wholly owned subsidiary of Twin River.