Delawares lawful sports wagering sector experienced a notable upswing in March, with the state’s regulated marketplace generating $1.6 million (£1.3 million/€1.5 million) in earnings, in contrast to a mere $22,152 the preceding month.
This figure signifies the most successful monthly performance to date in 2019 and the highest monthly sum for the Delaware Lottery since December of the previous year, when sports betting earnings reached $2.1 million.
In March, bettors placed a total of $10.5 million on sporting events, an increase from $8.5 million in February, while consumers only won $8.6 million, compared to $8.5 million the previous month, as operators observed a higher rate of success.
Delaware Park continues to maintain the lead in the state’s market, with $6.6 million in bets and $1.04 million in revenue. Dover Downs closely trailed behind with $328,150 in earnings and $2.1 million in bets, while Harrington Raceway came in third with $279,450 in earnings and $1.8 million in bets.
As of the conclusion of March, Delawares legal sports betting revenue reached $3.1 million, with $30 million in bets placed.
Gamblers secured a total of $27.4 million in winnings on a sum of $9 million in bets.
In the meantime, the Delaware Lottery disclosed monthly growth data for the state’s authorized online gambling sector. The industry produced a total of $288,740 in earnings in March, an increase from $274,690 in February.
Customers placed a total of $14.6 million in online bets in March, as opposed to $9 million in February, securing a total of $14.4 million in winnings.
The online gambling market reflects the structure of sports betting in March, with Delaware Park ranking first in online gambling earnings, generating $138,430 on $8.4 million in bets last month. Dover Downs came in second with $5 million in bets and $78,950 in earnings, while Harrington Raceway ranked third with $1.3 million in online bets and $71,360 in earnings.
As of the end of March, Delaware’s licensed operators have generated a total of $842,980 in online gambling earnings. Gamblers have placed a total of $31.1 million in bets, winning $30.2 million.
Image: Calstanhope
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