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Delaware Sports Betting is in Trouble

Despite being one of the first states to allow online gambling, the state of Delaware isn’t posting great numbers right now. According to new reports published recently, the amount wagered by consumers on sports in April 2022 was down 23.6% compared to the same month last year.

In the four weeks to April 24th this year, players bet $4.2 million on sports, in comparison to $5.2 million in April 2021.

Numbers were also down 19.2% from March 2022’s $5.2 million.

More worryingly, April 2022 was the lowest monthly amount in a nine-month period, when just $4.1 million was wagered in July last year. 

Other figures from the report published by the Delaware Lottery:

  • In April 2022, revenue from sports betting reached $314,336 – a whopping 64.5% lower than what was wagered in July 2021 ($895,299).  Revenue was also down 43.2% from last month’s figures ($553,465).
  • The top performer in Delaware’s sports betting market was the multi-faceted gaming facility, Delaware Park, which announced $151,674 in revenue that came from the $2.1 million made in wagers.
  • Trailing Delaware Park was Dover Downs (just under $96,000 in revenue from a handle of $1.2 million), followed by Harrington Raceway ($67,603 in revenue and $853,0065 in wagers).
  • Players took home $3.8 million for sports bets made during the four-week period.
  • A total of 142,465 bets were made.

Post Date: 8 May 2022 at 1:15 pm Post Categories: Sports Betting News

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