Delaware betting revenues up 10% as hold percentage drops
July handle down 52% despite revenue boost as First state prepares for upcoming NFL season
Delaware’s three licensed sportsbook operators recorded a combined revenue of $507,410 in July, up 10% year-on-year and 8% on the previous month.
However, total handle in July was down 52% to $3.9m YoY, as hold percentage dropped 9%.
The increase breaks the trend of year-on-year monthly revenues dropping significantly on the compared to the previous year when betting was first launched in the state.
Delaware Park’s monthly betting revenues were up 2% YoY to $337,682, while Dover Downs and Harrington recorded proceeds of $113,721 and $56,007, up 25% and 45% respectively.
The total number of monthly wagers stood at 111,870.
New Jersey followed a similar trend with July betting handle coming in at $251.4m in July, with online and mobile accounting for around 85% of all bets placed.
July betting revenues came in at $17.9m, suggesting a 7.1% hold rate and a major increase on July 2018, when the nascent betting market generated $3.8m in revenues.