Delaware's iGaming Market Peaks at $260,539 in March

US online poker seems to be on the ascendancy of late, with New Jersey posting record revenues of $15.5 million in March, in the process stringing out five consecutive monthly highs for its market. While New Jersey accounts for roughly 90% of all regulated iGaming revenues in the country, Delaware has also been making waves of its own, and last month its three online operators generated $260,539 in revenues, beating the previous state record of $240,762 set in April 2014. Furthermore, Delaware’s latest result were a massive 78% higher than the $146,188 it collected in March 2015.
Without a doubt, video lottery games is proving a driving force for the market with revenues hitting a record high of $154,794 last month, beating the previous high set in January this year of $138,391. March’s tally was also an impressive 49% higher than the $103,596 generated in February. Leading the market last month was Delaware Park with $64,642 in revenues, followed closely behind by Dover Downs ($64,487), and then Harrington ($25,665).
Likewise, online poker, too, saw its revenues improve 32% to $37,324 compared to February, with that figure also  the highest amount collected since the $39,245 taken in May 2015. Nevertheless, iPoker revenues were still 14.5% down on the $43,636 generated in March 2015, with Delaware Park ($20,447) leading the way last month, followed by Dover Downs ($15,527), and finally Harrington Raceway ($1,349).
Online casino revenues, on the other hand, came in at $68,420, lower by 30% compared to February’s tally of $97,899. All indications point to Delaware’s online casino vertical being adversely affected by a particularly favorable month for punters, though, and while Delaware Park produced iCasino revenues of $64,256 in March, Dover Downs figure came in at a paltry $6,539, and Harrington Raceway collected a mere $2,375.
For the whole of 2015, Delaware generated $1.8 million in revenues which was, 14% lower than the $2.1 million taken in 2014. Interestingly, before the First State introduced legislation it had anticipated annual revenue in excess of $5 million, or more than $400k per month, and so placed a 100% tax rate on the first $3.75 million generated from iGambling. As a result, Delaware’s three online operators have still yet to see a return on their investments since regulation was introduced in 2013.


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