Gambling in the USA

Delaware sports betting records strong growth in November

Published

7 years ago

December 20, 2018

Niji Narayan

Delaware sports betting records strong growth in November

Photo Source: tampabay.com

Reading Time: < 1 minute

Delaware’s sports betting market has recorded a strong performance in November, fuelled by robust growth in customer wagers.

The overall betting revenue in November 25 increased to $16.4m, which after player winnings of $15.1m and vendor fees of $160,711 left revenue of $1.1m for the state. This marked a 151 per cent month-on-month increase, though lags behind September’s $3.2m revenue total.

Delaware Park was responsible for $805,285 of total revenue, with a total of 338,965 bets placed over the month.

Since June 24, Delaware has generated $6.8m in revenue from total player stakes of $70.9m.

Delaware’s iGaming market failed to match the sports betting vertical, with revenue falling 8 per cent from the October calendar month to $209,235, which is mainly from video lottery games accounted for $123,005 of the total, followed by $68,336 from table games, while poker rake and tournament fees generated $17,894.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.