Delaware’s sports betting market generated $12.5m in revenue in 2019, the first full year of regulated activity in the state.
Consumers spent a total of $102.6m on sports bets over the past year, winning $79.6m in the process. Overall, 2.55m wagers were placed through licensed operators in 2019.
Delaware Park was the leading operator in the state, turning revenue of $7.8m after taking $64.1m in bets in 2019.
Revenue was up 25.2% year-on-year from $6.2m in 2018, despite Delaware Park having only accepted sports bets for six months in the previous year. Customer spending was also only up 5.4% year-on-year.
Dover Downs placed a distant second with revenue of $2.6m, up 52.9% from $1.7m in 2018, while player spending also climbed 31.5% to $15.9m.
Harrington Raceway, the only other licensed operator in Delaware, ranked third with $2.2m in revenue, up 120.0% from $1.0m in 2018. Player wagers jumped 72.6% year-on-year from $10.2m to $17.6m.
Delaware’s full-year figures were boosted by an improved month-on-month performance in December, during which revenue climbed from $1.4m in November to $1.6m. Wagers were also up 29.1% from $10.3m to $13.3m.
However, December revenue was down 23.8% year-on-year from $2.1m, while player spending slipped 17.4% from $16.1m.
Image: Nicolas Raymond