Delaware Lottery Shows All iGaming Down in October
Most states have experienced a downswing in online gaming revenue since the reopening of land-based casinos this summer. Delaware took it to another level last month.
The Delaware Lottery’s statistics in 2020 showed the great benefits of internet gaming when its numbers soared in March through May and then surged again in August and September. All segments didn’t participate in the wave – at least the second wave at the end of the summer – as online poker took a path all its own. But everything fell in October – online table games, video lottery, and online poker.
While the year-on-year numbers are still impressive, leaps and bounds over the previous year, the dip in October was a bit concerning.
Online Poker Down Notably in October
The Delaware market is a small one, especially in comparison to New Jersey and Pennsylvania. But that means all forms of revenue are important. And no matter the trend, the state took in more than $43K in revenue just from online poker in October.
If the second wave of coronavirus cases continues worsening, increased limitations on the state’s three racinos might send more people to the online poker tables.
–October 2020 online poker rake/fees: $43,276.35 (15.8% month-on-month decrease)
–September 2020: $51,403.61 (5.83% decrease)
–August 2020: $54,584.02 (12.8% decrease)
–July 2020: $62,603.99 (8.4% increase)
–June 2020: $57,742.58 (38.6% decrease)
–May 2020: $93,973.39 (11.8% increase)
–April 2020: $84,033.67 (45.7% increase)
–March 2020: $57,689.50 (86.9% increase)
–February 2020: $30,870.96 (1.3% decrease)
–January 2020: $31,279.77
As for year-on-year progress, Delaware online poker is keeping pace. The 124% increase in March and 276% in April, followed by a massive 329% increase in May, are beyond compare. Even so, the year-on-year increases continued to remain well above 100% through September and into October.
Internet Gaming Sector Down Overall
For once, online poker wasn’t the only part of the internet gaming sector to decrease in October. Revenue for online table games dipped 15.9% from September to October, and video lottery revenue sagged further with a 26.2% monthly decrease.
Again, though, another semi-lockdown and the approach of the holidays may give people the incentive and time to log on in bigger numbers in November and December.
–October 2020 igaming revenue total: $643, 714.34 (23.4% month-on-month decrease)
–September 2020: $840,146.49 (39% increase)
–August 2020: $808,623.37 (14.7% increase)
–July 2020: $705,532.70 (26.9% decrease)
–June 2020: $964,606.96 (15% decrease)
–May 2020: $1,134,900.04 (32.6% increase)
–April 2020: $856,181.94 (66.3% increase)
–March 2020: $514,959.34 (58.5% increase)
–February 2020: $324,957.62 (16.2% decrease)
–January 2020: $387,865.46
This unpredictable little market’s year-on-year numbers remain strong. Even before the pandemic, January revenue was up 38% and February 18%. March then pushed it up 78% from the previous year, followed by 225% in April, 262% in May, and 275% in June. July and August revenue tanked a bit but remained at 144% and 179%, respectively, over 2019 figures. September’s increase was still 118%, though October’s number pushed back up to a 161.6% increase.
That’s more than double the revenue of the previous year and helpful to the Delaware market.
New Registrations Down, Too
Par for the course, October’s new account registrations decreased as well. No other month has yet to compare to the March and April increases, though more coronavirus lockdowns may change that.
–October 2020 new registrations: 492 (9.9% decrease)
–September 2020: 546 (4.4% decrease)
–August 2020: 571 (14.5% decrease)
–July 2020: 668 (24.2% decrease)
–June 2020: 881 (11.3% decrease)
–May 2020: 993 (29.6% decrease)
–April 2020: 1,410 (52% increase)
–March 2020: 930 (115.8% increase)
–February 2020: 431 (7.9% decrease)
–January 2020: 468
The real test for this market will be in 2021, after the pandemic year ends and vaccines begin. If these numbers are the new normal – at 100% or so above 2019 numbers – that should be a positive step for Delaware and its racinos. It could also be a jumping-off point for new growth.
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