September Sports Betting Revenue Brings DE Books Out Of The Doghouse

• Delaware sportsbooks made more money in September than the last four months combined.
• Harrington Raceway set a new record for its highest monthly betting handle with $2.28 million collected.
• Since the state’s launch in June 2018, over $150 million has been wagered at the three sportsbooks.

DOVER, Del. – Sports betting in Delaware is back on track with the newest report released from the Delaware Lottery. On Wednesday, the release report detailed the state’s three sportsbooks had brought in the highest handle since January of this year.

With $11.8 million wagered in Delaware during September, it was under the average football betting month last year ($15.2 million). Still, the first month of NFL betting action brought the state out of the summer peril it had faced during the offseason.

In terms of revenue, the three sportsbooks in Delaware were able to hold $2.16 million of the handle or 18.24%.

This higher-than-average hold percentage came consistently across the three books as all three of them stayed within a winning margin of 18.23% and 18.25%. This was the highest hold percentage since September of last year, as only one other month (March 2019) posted a percentage above 13.5%.

With the failed success of Delaware sports bettors, the state took in $1.08 million in tax contributions in September.

The aforementioned consistency also made its way through the spreadsheet in terms of individual handle and revenue. All three of the books collected more in wagers During September than they had in both July and August.

Likewise, they made more in September than they had in their last four respective months of legal sports betting with Harrington Raceway accounting for more revenue than their last five months.

Harrington Raceway also set a new record for their highest betting handle ($2.28 million), as only two months previously (November and December 2018) saw a betting handle over $2 million.

But it is still Delaware Park that continues to be the market leader of the state though. Their $7.06 million betting handle was the highest mark since January of this year for the sportsbook and Dover Downs was in a similar position. The sportsbook in Delaware’s capital collected $2.50 million, which was the highest handle since December of last year.

Overall, the market is finally starting to come together, now having accolades to their industry. For example, the betting handle since the state’s June 2018 launch has totaled over $150 million ($156.4 million) and their revenue surpassed the $15 million mark ($16.69 million) with the newest update.

Delaware was blessed last football season, being one of the few states with legal sports betting for the entirety of the NFL season. With neighboring New Jersey and Pennsylvania offering sports betting products (including online), it will be interesting to see if Delaware can maintain its pace set last season, or if it will fall victim to the larger books taking over their industry.

News tags: Delaware | Delaware Lottery | Delaware Park | Dover Downs | Harrington Raceway | New Jersey | NFL | Pennsylvania