The state of Delaware has released a mixed report for its October 2021 iGaming earnings. While amount played and amount won are slightly down over the month before, net profit is up a cool 17%.
The breakdown for the month of the Blue Hen state’s earnings – drawn from the states’ three casinos, all attached to racetracks – follows thusly: of the amount played, table games came to $8.3m and video lottery to $17.1m for a grand total of $25.3m; of the amount won, it was $8.1m for table games and $16.4m for a total of $24.6m.
Despite amount played and amount won being roughly on par with September, net revenue was up across the board. For table games, the net was at $187,453 (compared to $95,624 the month before); for video lottery, net was $711,995 (compared to $671,885). When poker rake and fees are added, the net total comes to $930,093 (compared to the $794,644 of the prior month).
Delaware’s three casinos – Delaware Park, Dover Downs, and Harrington – saw their numbers improve in roughly proportional measure.
The state was among the first in the country to allow online gambling at casinos attached to the racetracks in the state. While it is a growing industry, profits have not been as robust as in other states in the country, a fact which analysts attribute to its proximity to the East Coast gambling mecca of New Jersey.
The above figures were recorded by Delaware Lottery Games. In the 44 years since being founded, the Delaware Lottery has contributed $5.6bn to the state’s general fund, making legalized gambling the fifth-largest contributor to state revenue.