Delaware iGaming Revenues Soars 67.8% in April

Delaware’s online gambling market generated revenues of $267,801 in April, representing a massive 67.8% increase compared to the $132,154 taken in the same month of 2015. Furthermore, the state not only posted its fourth straight month of year-over-year revenue growth, but April’s amount was also a new all-time high versus the previous record set last month of $260,539.
Driving The First State’s iGaming market last month was its video lottery game products, which accounted for a huge $142,735 of revenues, higher by 7.8% from the $68,038 collected in April 2015. Table games contributed a further $90,313 in business, which was its second best month ever, trailing just the record $97,899 produced in February of this year. Online poker, on the other hand, saw its revenues slip to $34,751, down by a huge 28.4% versus the $48,552 collected in April 2015.
In April 2016, video lottery games therefore accounted for 53% of Delaware’s online gambling revenues, with table games commanding a further 34% of revenues, and online poker the remaining 13%. Delaware Park accounted for the lion’s share of overall revenues, and generated $154,926 in April, followed by Dover Downs with $89,498, and finally Harrington with $43,606.
New player signups also eased off for the third consecutive month in April, with 268 new accounts having been registered, compared to January’s tally of 456, February’s of 378, and March’s of 320. A total of 15,000 new accounts have been opened since Delaware introduced online gambling back in late 2013, representing 0.016% of the state’s 935,614 residents.
In meantime, the three racinos which operate Delaware’s iGaming sites have been struggling to remain competitive, and earlier this year were granted $8 million in emergency funding. Back in 2007 they generated $300 million in revenues, but by 2015 that figure had fallen sharply to just $192 million. In addition, the state is having a hard time balancing its state budget, whilst also trying to find the extra 2% required to set aside for its rainy day fund.

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