Delaware sports betting revenue plummets in November

Delaware’s sports betting revenue declined for the second month in a row.

According to figures from the Delaware Lottery, Delaware residents wagered $10.3m on sporting events in November, up from $9.6m in October.

Despite the increase in betting handle, sports betting revenue took a significant hit with sportsbooks generating $1.4m in revenue in November, down from $2.2m in October.

The figures also represent a 35.9% year-on-year decrease on the $16.4m wagered on sports in November 2018. However, revenue saw a slight year-on-year increase after Delaware’s sportsbooks generated $1.1m from sports betting this time last year.

Breaking down the figures

Looking closer at the figures, Delaware Park continued to lead the market after processing $6.3m in sports wagers and holding on to $852,909.

The sportsbook at Dover Downs was the second most popular venue with bettors and managed to generate $270,132 from $2.1m in sports wagers.

Harrington Raceway came in third place after processing $1.9m in wagers and generating a revenue of $249,499.

For the year, Delaware sportsbooks have processed about $89.4m in sports betting wagers and held onto just over $10.9m.

Sports betting in Delaware

Delaware was one of the first states to legalize and launch sports betting in June 2018.

When compared to other states, it could be argued that Delaware’s sports betting industry has been struggling. However, it’s important to remember that sports betting in Delaware is currently restricted to three land-based venues – Delaware Park, Harrington Raceway and Dover Downs.

On top of this, Delaware is one of the smallest states in the US. Delaware also borders New Jersey and Pennsylvania, two states that currently offer online and mobile sports wagering. It wouldn’t be a surprise to see sports fans in Delaware travel across state lines to take advantage of sign-up offers and mobile wagering in those states.

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