Delaware iGaming and Betting Market Show Growth in March
The Delaware Lottery has released its March wagering report, showing a sports betting handle of $18.9m for the month.
Delaware reports a 440% year-on-year increase in sports betting handle in March 2024. (Source: Pixabay)
LISTEN TO THIS ARTICLE:The figure marked a significant increase of 440% year-on-year compared to the $3.5m player’s spending in March last year. It was also 37.0% ahead of February 2024’s $13.8m.
From the total handle, the state secured a revenue of $1.0m in March. The total surged by 89.2% compared to $544,385 last year. It also increased by 83.8% from the $560,449 achieved in February.
The Delaware Lottery attributed the year-over-year growth to the launch of its online sportsbook, which went fully operational in January. The mobile sportsbook is powered by Rush Street Interactive (RSI) and BetRivers.
Delaware Park Retains First Position
Looking at operators’ performance, Delaware Park was the market leader in March, with $681,548 in revenue from $13.1m in bets.
Harrington Raceway followed in second place, earning $176,583 from a $3.3m handle. Bally's Dover trailed the operator with $113,692 from $1.5m.
Additionally, retailers across Delaware generated $58,273 in monthly sports betting revenue from $990,664 worth of bets placed.
iGaming Spending Rose by 227.7% YoY
The iGaming market in Delaware also experienced positive growth in March. In the month, players wagered a total of $136.0m on online casino games, a 227.7% increase from $41.5m in March 2023. The figure also rose by 16.0% from February's total spending of $117.2m.
Out of the overall amount wagered, approximately $85.3m was placed on video lottery games, while $50.7m was spent on online table games.
In terms of revenue, the total for the iGaming market amounted to $4.6m, up by 228.6% year-on-year. It also exceeded February's total by 18.0%.
While online video games contributed $3.3m to the monthly revenue, table games accounted for $1.3m.
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Delaware Park Leads iGaming Market
Like the sports betting market, Delaware Park also secured the leading position in this sector, with $2.0m in revenue from a total spend of $71.1m on online video and table games.
Harrington Raceway followed in second place, generating $1.6m in iGaming revenue from $38.9m in total wagers.
Bally’s Dover concluded the list with a revenue of $951,096 from $26.1 million in total bets.
In January, Delaware’s online gaming market welcomed the launch of three online casinos introduced by the three approved operators in the state.
New Delaware Bill Propose More Sportsbooks
Meanwhile, a bill aiming to expand mobile sports betting options within Delaware has recently been introduced in the House.
The bill, HB 365, proposes a competitive mobile sports wagering market, away from the current system, that would give residents access to a wider range of sports betting apps operated by different sportsbooks.
Proponents of the bill, including the bipartisan Internet Sports Lottery Legislative Working Group, also believe that opening the market to third-party operators will generate more revenue for the state.
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