There’s nothing small about the iGaming revenue numbers in America’s second-smallest state.
Delaware’s iGaming revenue reached $3.9 million, which is a 300% increase year-over-over. Last May, iGaming generated $1.2 million.
But a closer look at the numbers reveals a blend of highs and lows. Let’s dive into the key takeaways.
Win Down For Second Straight Month
Delaware’s total online casino win in May was $3.9 million, marking a 12.2% decrease compared to April 2024. May’s decline represents the second drop in monthly win this year, following April’s decrease.
However, there’s a silver lining.
iGaming Win in Delaware Up Year Over Year
May’s win is up 216% from the same month last year.
Delaware’s iGaming industry overall is experiencing a strong first half of the year, with three consecutive months of increasing wins to start the year.
Here’s a running total since the beginning of the year:
- January: $3,408,944 (up 192.2% monthly)
- February: $3,869,853 (up 13.5% monthly)
- March: $4,631,369 (up 19.7% monthly)
- April: $4,438,542 (down 4.2% monthly)
- May: $3,896,433 (down 12.2% monthly)
Video lottery terminals (slots) contributed $2.7 million, while table games accounted for the remaining $1.2 million. Online poker is expected to resume sometime in 2024 after an operator changeover. Growth on the three platforms was 346%, 103.5%, and 1486.6%, respectively.
Delaware Park Casino Leads The Pack Again
When it comes to operator performance, Delaware Park Casino remains the leader, earning $2.27 million from online slots and table games in May (up more than 13% from April).
Bally’s Dover declined, with May’s win at $776,191 (compared to $1,040,439 in April).
Harrington Casino & Raceway also experienced a drop, reaching $848,354 in May (down from $1,398,010 in April).
The last time Delaware iGaming revenue saw an increase month-on-month was in March when it surged by 18.0% to $4.6 million, but online gaming in Delaware could get much more competitive if a new bill becomes law.
New Legislation Could Change iGaming Forever in Delaware
If HB365 becomes law, it could significantly change the future of online gambling in Delaware.
This legislation would open the online sports betting market to multiple operators, effectively ending BetRivers’ single-operator status. Delaware law permits online sports betting through the BetRivers app.
Proponents who support expanding the online sports betting market believe that when there’s only one operator (or company) handling sports betting, the state misses out on potential revenue. By allowing more operators, they argue that the state can capture additional income from people placing bets online. This is especially relevant given the growing popularity of sports betting.
If the bill passes, the Delaware Lottery could license up to six sports betting operators. Additionally, the state’s three “video lottery agents” would have the opportunity to partner with up to two mobile sportsbook operators.
Should DraftKings and FanDuel enter the state, they could easily dominate the market.
In comparison, Rhode Island, the only other US state with legal online casino play, currently has a single online casino operator, Bally’s, which also operates two brick-and-mortar casinos.
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