Financial

Delaware sportsbooks generated over $1.2m in revenue in November

Jake Patel
Posted on December 19, 2018

Sportsbooks in the state of Delaware generated over $1.2m in revenue in November.

This is a significant increase when compared with the $500,000 the state’s sportsbooks made in October.

Not only did revenue increase but so did the amount wagered on sports. Sports wagering handle for November rose to $16.3m, an 11% increase on the $14.7m that was wagered in October.

Delaware Park took $11.5m in sports bets while Dover Downs handled $2.7m in wagers and Harrington Raceway took just over $2m in sports wagers.

Breaking down the total sports betting revenue, a total of $562,491 was allocated to the state and $109,916 was allocated to the horse racing industry.

Delaware Park held on to $325,335 while Dover Downs kept $76,479. Harrington Raceway kept $63,768.

For the year to date, Delaware has accepted over $70m from about 1.3m sports wagers.

Of the $70m wagered on sports, sportsbooks in the state have managed to hold onto about $7m while customers won back about $63m.