Delaware sports wagering revenue increases in August

By Oliver Rudgewick

The Delaware Sports Lottery has recorded a 53% increase in net revenue from sports betting in the state's second full month of service.

Net proceeds for the period between 30 July to 26 August was $706,000, up from $460,000 gained in the previous month.

This revenue growth came in spite of a 6% decline in money wagered, which fell to $7.7m.

Delaware Park took the largest share of the revenue, accounting for 68% of net revenue, or $482,000, followed by Dover Downs, which recorded revenue of $152,000, and Harrington Raceway with $72,000.

Delaware Park has also taken 71% of total stakes for the year-to-date, equating to $16.3m, and there have also been 228,000 wagers placed at Delaware Park, which is 73% of the 314,000 wagers placed in The First State since sports betting launched on 5 June.

Net revenue for the year-to-date in Delaware is just over $2m, from just under $23m wagered.

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