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Delaware igaming revenue slips to eight-month low in October

News

The Delaware Lottery reported a 161.6% year-on-year increase in igaming revenue for October, though this was its lowest monthly total since March.

Online gambling revenue in October amounted to $643,714, up from $246,092 in the same month last year.

However, this also represented a 23.4% month-over-month decline, for the market’s lowest monthly total since $514,959 in March.

Video lottery games (slots) again proved to be the main source of income for operators, with revenue here amounting to $450,428, ahead of table games at $150,010 and poker rake and fees on $43,276.

Players wagered a total of $17.8m on online gambling in October, an increase of 89.4% on the same month last year, and won a total of $17.2m in the process.

As with revenue, this represented a fall from the prior month, albeit not as steep, falling 1.4%.

Consumers spent $10.1m on video lottery and won $9.7m, while players also bet $7.7m on table games, winning a total of $7.5m during October.

Dover Downs reclaimed top spot in Delaware’s online gambling market during the month, posting $234,983 in revenue from $7.0m in bets.

Delaware Park, which led the market in September, placed second with $224,489 in revenue and $6.5m in player bets.

Harrington Raceway, the only other licensed online operator in Delaware, came in third with $184,242 in revenue off $4.4m in customer spending.

October’s figures mean igaming revenue for the 10 months to the end of October was $7.1m, up 144.8% from $2.9m at the same point last year. Player spending was also 66.4% higher at $176.9m.