Delaware’s three new sports books saw a dip in revenue to about $527,000 from June 25 to July 29 according to figures released by the state lottery compared to the first about three weeks of gambling in June.
The state’s first report on sports betting—which began June 5—covered about three weeks and saw total wagers of about $7 million. During the next 35-day period, about $8.2 million was bet.
Since June 5, the state has seen $15,218,490 in handle.
Bettors also had a higher win percentage in the latest report. In the first 20 days, which saw more than $875,000 in net proceeds, gamblers won about $1 million less than the total number of wagered bets ($7 million vs. $6 million). In the 35-day period that makes up July’s numbers, gamblers won almost $7.7 million according to a report at Delaware online.
Revenue in the new report was $527,000 which is split between the state, the three racinos and the vendors supplying sports betting. That translates to about $185,000 in net revenue for the casinos.
In the 20-day June period, revenue was more than $1 million. In the first period, bets came in at $350,186 per day while in the new report betting was at $234,707 per day.
However, July is a notoriously slow time for sports books, with only Major League Baseball and some professional soccer underway among major sports. In Delaware’s first report, soccer’s World Cup was also being played.
According to an analysis by CalvinAyre,com, the state earned a total of $875,000 in proceeds for the month of June, and added another $230,614 in July. That’s about 50 percent of the total proceeds received by the three casinos.
Delaware Park saw $5,823,029 in wagers across 90,603 bets for the month. It earned $133,843 after making all payouts. Dover Downs received $1,674,262 in wagers across 19,877 bets, with the casino earning $36,296 in net profit. Coming in third is Harrington Raceway, which saw 12,006 bets placed for a total of $717,474 and revenue of $15,417.
