Delaware Announces Record Online Gambling Revenue for August 2020
Published September 29, 2020 by Mike P
The latest financial figures are in and the US state of Delaware is reporting an increase in revenue for August 2020 compared to 2019.
As one of the only US states to permit online gambling, Delaware has posted record revenue figures for August 2020. Compared to August 2019, there was a rise from $222,504 to $808,623, which represented a year-on-year increase of 263.4%.
The $808,623 worth of revenue for August 2020 also represented an improvement on the July 2020 total of $702,533. Between the two months, there was a significant revenue increase of 15.1%, with Delaware seeing an impressive performance during the summer months.
Performing Stronger in 2020
In August 2020, the number of new player registrations was 571 and accounted for the lowest amount since February of that year. As of the latest figures released, the state of Delaware announced total online gambling revenue of $5.7 million for the current year. Compared to 2019, the year-on-year increase is 146.8%, while player wagering has risen by 68.0% to reach $141.1 million.
Of all the product verticals available, online video lottery accounted for the highest wagering total of $11.4 million and revenue of $572,539. Meanwhile, table games generated $8.4 million in wagering and $181,500 in revenue, with poker accumulating $54,584 in terms of rake and fees.
Delaware Operator Analysis
In Delaware, the state has three operators that are licensed to provide online gambling services. Collectively, those operators generated wagering of $19.8 million from Delaware consumers. Despite that being the lowest monthly total since March 2020, it was a 58.4% year-on-year increase from August 2019.
When analysing individual operators, Dover Downs was the strongest performer by generating $331,457 worth of revenue from $7.8m of all online wagering. Delaware Park had led the market going into August, though lost the top position by posting $259,988 in revenue and $7.4 million in wagering. And ranking third was Harrington Raceway with $217,179 revenue from $4.7 million wagering.
