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Record March iGaming Totals for DelawarePublished April 20, 2016 by Lee R
Video lottery among others is proving effective online, as March totals show for the first state.
The state of Delaware has reached a set a new monthly record for online poker and gambling revenue.
The March Record
March’s total of $260,539 represented a new high. The take was collected from table games, poker and video lottery available across the state’s three regulated gaming sites.
The standing record had been the $240,762 tallied in April 2014 by Dover Downs, Delaware Park and Harrington Raceway. March’s record comes on the heels of a robust February that saw the small/scale economy bring in $229,789 in iGaming revenue, a figure representing the second highest amount ever before March 2016.
The year-over-year revenue gain comes out to 78% based on last March’s 2015 total of $146,188.
March’s collective revenue of $37,324 was the highest figure in ten months. Delaware Park led the way with $20,447 followed by Dover Downs’ $15,527, with Harrington Raceway taking in a paltry $1,349.
The biggest contributor to online gambling revenue in March was video lottery proceeds. Video Lottery Terminals VLTs contributions jumped an astounding 49% in March to $154,794, surpassing the previous record of $138,391 set two months ago. Delaware VLT’s brought in $103,596 collected in February.
Dover Downs players placed almost two times as many bets wagered than Delaware Parkers. Nonetheless, Delaware Park’s VLTs provided slightly more revenue for the state at $64,642, compared to Dover Downs’ $64,487 total. Harrington VLTs collected $25,665.
As for table games, 5.5 million bets were placed on roulette, blackjack and slots in March. Still, online play contributed a decent $68,420, down 30% from February’s $97,899.
Fluctuations in table game revenue are attributed to the amount of large slot jackpots paid out. The personal component of physical play is more relevant to table games as well.
Looking Good Del!
Though the numbers seem small, Delaware’s fast start this year is a great sign for the future of online gambling in the United States, mainly because it proves that small states can also benefit from regulation.