Delaware Sports Betting Revenue Up 77.8% For October

• Delaware sportsbooks made $3.483 million in revenue in October 2020.
• September figures brought in $1.959 million in revenue, making for an increase of 77.8% month-over-month.
• No mobile sports betting platforms have launched in Delaware, leaving strictly retail locations as the sole source of revenue for the industry.

DOVER, Del. – The Handle and revenue for legal sports betting in Delaware increased quite a bit from October to September. While Delaware has made mobile and online sportsbooks legal, these platforms have not yet launched, leaving all of the money seen from the market coming from land-based facilities.

Delaware has three racinos and exactly 100 sportsbooks throughout the state located in places like liquor stores, convenience stores, and restaurants.

All of these sports betting outlets combined led to the inflated figures seen for the month of October. That, coupled with the NFL getting into the biggest part of their season and gamblers becoming used to the idea of following COVID-19 protocols when going to public places like these sportsbooks have all been contributing factors for the uptick in business.

The October 2020 Figures For Delaware Sports Betting

October 2020 reports that Delaware handled $17.086 million with the three racinos taking in most of the wagers placed for the month ($8.9 million combined).

Retail locations brought in $8.2 million in bets for the state in October. This was a 37% increase from September, where the total handle was $12.439 million.

Retail locations went up exactly $3 million in betting action from a month-on-month comparison with September bringing in $5.2 million and October seeing $8.2 million.

Revenue in October came in at $3.483 million with September bringing in $1.959 million. This was a surge of 77.8% for revenue numbers month-over-month.

As for year-over-year figures, even with the Coronavirus and the lack of sporting events for months, Delaware has managed to have a better October this year than they did last year.

This could be due to the number of sports all happening at the same time when they typically have their own seasons.

For October 2019, the betting handle was $16.066 million and revenue was $3.389 million. This was with sportsbooks being operational at full capacity. And yet October 2020 went up 6.3% in handle and 2.8% in revenue for year-over-year.

As far as a breakdown of the racino locations numbers are concerned, Delaware Park had an October 2020 handle of $4,868,125 and revenue of $829,438. Harrington Raceway was second with a handle of $2,280,292 and revenue of $390,475. Dover Downs came in last with $1,731,958 in wagers taken and revenue of $288,485.

The Outlook For Delaware Sports Betting Activity

The future of Delaware sports betting comes with a positive outlook as even in an environment without mobile sportsbooks, sports bettors are still racking up the numbers.

Once establishments are able to work at maximum capacity, the numbers should increase that much more. And when the state finally launches their mobile sports betting apps, the sky is the limit for handle and revenue for Delaware’s sports betting industry profit margins

News tags: Coronavirus | COVID-19 | Delaware | Delaware Lottery | Delaware Park | Dover Downs | Harrington Raceway | NFL