Delaware Records 34.4% Year on Year Increase for Sports Betting Revenue
The state of Delaware has shown positive signs as it bounces back from the damage caused by the Covid 19 pandemic. The state’s sports betting revenue for the year 2021 was $11.2m, which is a 34.4% rise on the figures that were reported in 2020. While the numbers are still lower than 2019, this is a promising sign that the market has recovered well.
A Steady Recovery
The outbreak of Covid-19 in 2020 hit a lot of markets hard, and the state of Delaware was no exception. From March to July 2020, major operators in Delaware were forced to close their doors as part of Covid restrictions. Dover Downs and Harrington Raceway were allowed to reopen their sportsbooks in July, while Delaware Park followed shortly after in August.
Delaware is a state that does not allow for mobile or online betting and as such, its numbers took a big hit. Thankfully, last year’s numbers have shown that the market is bouncing back and there will be optimism that it can reach pre-Covid numbers again soon.
In 2019, the state generated $12.4m, with 2021’s figures being just 9% less than this. The total amount wagered in 2021 was a solid $89m, which was up 54.4% from the $57.6m wagered in 2020. Wagers placed totaled 2.2m, which was up a whopping 73% from the lows recorded in 2020.
Impressive Numbers Across the Board
One of the most promising signs from the numbers provided was that increases came from across the board. The state-owned Delaware Park sportsbook announced that its wagers totaled $47.8, which was an increase of 52.7% from 2020. There was also a 33% increase in revenue up to $6m.
The Harrington Raceway sportsbook followed just behind. It reported that $21.4m has been wagered through 2021, which was an increase of 54.2% from the previous year. It also recorded strong revenue numbers of $2.7m, up over 30% year on year. Dover Downs also saw a 59.1% increase from the previous year with $19.7m in wagers and a 41.1% increase in profit to $2.4 million.
The year ended slowly for Delaware. In December, it recorded $7.5m in wagers, which was a drop of over 13% from November and a 14.3% decrease from December 2020. Revenue for the month came to just $296,809, which is a big hit from the $1.8m generated in November. This could be down to increased worries over the new Omicron variant of the Coronavirus.
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