Delaware February Sports Betting Revenue Rises Year-Over-Year

Delaware February Sports Betting Revenue Rises Year-Over-Year
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Delaware sports betting revenue grew year-over-year last month despite a decline in handle from February 2019.

Delaware sports bettors wagered $7,031,079 in February 2020 and won $6,848,450 at the state’s three licensed casinos. The total revenue of $159,800 is a massive jump from the statewide revenue total of $22,152 in February last year. But the $7 million handle is down from February 2019, when Delaware sports bettors wagered nearly $8.5 million.

RELATED: Learn more about Delaware sports betting and gaming

February also included Super Bowl 54, where about $250,000 was wagered in Delaware.

Total revenue also decreased 89.4% from January’s recorded profit of $1,517,187. The state saw a similarly massive drop in revenue from January to February in 2019, though profits climbed to $1,644,164 in March 2019.

Delaware Sports Betting February 2020 vs. January 2020

Feb. 2020 Jan. 2020Change
Total Handle$7.031M$9.129M-29.8%
Total Revenue$0.194M$1.517M-89.5%

Lack Of Mobile Betting Hurts Delaware

The state continues to leave revenue on the table by refusing to embrace mobile betting. Neighboring states Pennsylvania and New Jersey quickly implemented online and continue to dwarf Delaware’s revenue numbers. Delaware netted just $12.5 million in sports gambling revenue in 2019 — New Jersey and Pennsylvania often surpass that in a single month.

February numbers for neighboring states show a widening gap with Delaware’s lack of mobile betting. New Jersey sportsbooks reported more than $17 million in revenue last month and Pennsylvania was around $11.4 million. Rhode Island has embraced mobile, though bettors still need to register their accounts at retail locations. The state is similar in population to Delaware and did far better last month with $2.3 million in revenue.

Maryland is also set to join the market having approved a sports betting bill that will go to a referendum vote in November. That means even more competition and more pressure for Delaware to move forward with mobile, which accounts for roughly 85% of the total handle in New Jersey and Pennsylvania.

Delaware Sports Betting February 2020 vs. February 2019

Feb. 2020 Feb. 2019Change
Total Handle$7.031M$8.488M-17.1%
Total Revenue$0.194M$0.022M+621%

Delaware Park Numbers Are Strong

Delaware Park led the state’s three casinos with a total handle of $4,187,756, leading to $96,773 in revenue. That’s a significant turnaround from February 2019, when Delaware Park lost $28,750.

Dover Downs took $1,533,970 in bets, leading to $27,749 in revenue. Of the state’s three vendors, Dover Downs was the only one to see a year-over-year revenue decrease having netted $34,460 in February 2019.

Harrington Raceway had the smallest handle with $1,309,353 in bets but still earned more than Dover Downs, reporting $35,278 in revenue last month. That’s a year-over-year increase of more than 100%, with Harrington Raceway reporting just $16,442 in revenue in 2019.