Online gambling

Delaware online gambling revenue hits record high in 2021

Delaware celebrated the 234th anniversary of becoming the first state to ratify the United States Constitution in 2021, but that’s not the only thing he celebrated. 2021 was also Delaware’s best year yet for online gambling revenue.

the DE Lottery reported a record holder for the state’s online casino, lottery and poker chains. If the first returns from 2022 are any indication, the new record may not last long.

Delaware Online Gambling Revenue Hits New High in 2021

In 2021, the win for the online gambling industry in DE totaled over $10.6 million. That’s an increase of more than 26.2% from 2020. According to the state audit, player spending increased by more than 35% during the year.

This total reached $308.8 million, well above 2020’s $228.7 million. This meant a hold percentage of about 3.4% across all segments. Online gambling products under Delaware ParkLicensing accounted for the largest portion of revenue at $4.2 million.

Dover Downs was in the middle of the pack at $3.6 million, and the Harrington Racecourse closed the rear at $2.8 million. While the whole year has been something of a bumper crop, the last two months are really what put 2021 over the top.

November and December returns are strong

December 2021 was the most lucrative month for online gaming in Delaware. During this month, the DE Lottery and its licensees held more than $1.1 million. This came just a month after another climax.

In November of last year, the same collected $996,629 in revenue. At the time, it was a state record. A look at player spending reveals why revenue figures were so high. In December 2021, players bet on $35.5 million.

This is not only a record in itself for a single month in Delaware, but also more than double what players spent in the same month in 2020. As of December 2020, wagers just totaled $17.5 million.

Should the DE Lottery expect this trend to continue? Early numbers for the year so far suggest that is not unwarranted.

2022 could leave 2021 in the dust

Looking at online gaming figures only, not considering online lottery sales, January and February of this year performed well. Between those two months, players spent over $53.6 million, and the holdback came just south of $2 million.

With the rest of the year ahead of it, Delaware’s online gambling revenue could top that figure by $10.6 million in 2022. If that happens, the 235th anniversary of becoming the First State will take first place.