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FinancialSports Betting

Delaware Park sportsbook loses money for February

The state of Delaware endured a difficult February in terms of sports betting revenue, generating just $22,151 for the month.

DelawareMap

Overall sports handle was down from $11.9m in January to $8.5m in February, with the regular NFL season having finished.

The biggest taker of wagers, Delaware Park, ended up losing $28,750 for the month, while Dover Downs made $34,460 and Harrington Raceway generated $16,442.

After $3,165 in vendor fees, overall revenue was significantly down from the $1.4m made by Delaware’s three sports betting locations in January.

The outcome of the Super Bowl, where heavy favourites the New England Patriots were victorious, is likely to be a major factor behind the low figures.

The state of Rhode Island (in New England) fared even worse, losing $900,000 for February.

For the calendar year to date, the state of Delaware has accepted $20.4m worth of sports wagers, with Delaware Park, Dover Downs and Harrington Raceway taking $1.4m in combined revenue.

Last week, Dover Downs’ merger with Twin River received stockholder approval, meaning the casino will now become a wholly owned subsidiary of Twin River.

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