Number Of Sports Bets Go Up In Delaware But Revenue Declines

• More people in Delaware are betting on sports and they are winning more too.
• The betting handle was higher in November of last year compared to this year.
• The lack of mobile wagering could be holding back Delaware sports betting.

DOVER, Del. – The sports betting revenue has decreased in Delaware during the month of November.

Betting Action In Delaware

The November revenue report is now available for the public to see. Through this report, we can see how much the sports betting market in Delaware has grown.

Overall, more people are making bets in Delaware. The total number of wagers for November was 285,910. That gave Delaware sportsbooks a total handle of $10.4 million. Both of these are increased compared to October. In October, only 251,235 wagers were made and the total hold was $9.7 million.

However, when you look at revenue and state taxes, the numbers actually have decreased. Sports betting revenue in Delaware was around $1.4 million in November. In October, that number was $1.7 million.

This decrease means that the state also collected less in taxable sports betting revenue. The state of Delaware collected $686,270 in taxes from legal sports betting.

Comparison To Last Year

If you compare November of 2019 to 2018, last year was more profitable in almost every way. The 2018 revenue report shows the total handle for November 2018 was $16.4 million – $6 million more than 2019.

The number of bets made and the amount bettors won was also higher back in 2018. The only things that November of 2019 did better in were the amount of revenue and sports betting tax collected.

This shows that in a year, sports betting is actually in a decline in Delaware. The reason for this is likely that the market has not changed in over a year. The same three sportsbooks are currently operating in Delaware. Despite the fact that mobile wagering is legal, no operator offers a mobile betting option.

Revenue reports in other states show how important mobile wagering is. A vast majority of the sports betting revenue in New Jersey comes from online and mobile bets.

Without mobile wagering, the sports betting market in Delaware is in a decline. New Jersey has shown that accessibility to sports wagering is what drives the market. The sports betting market in Delaware will likely continue to decrease unless changes are made.

News tags: Delaware | New Jersey