Delaware iGaming Revenue Sees February Boost
The Delaware Lottery released its net proceeds from February internet gaming, which includes online table games, online poker, and video lottery revenue.
Last month’s release showed January revenue starting the year with overall increases. And that followed full-year 2020 numbers that increased significantly across all verticals. The coronavirus pandemic and resulting shutdowns of live gambling venues contributed to the increases, but many new customers didn’t even realize that Delaware offered internet poker and casino games.
–2020 online poker rake/fees increased 120% year-on-year.
–2020 online table games revenue increased 137% year-on-year.
–2020 new player registrations increased 66% year-on-year.
Let’s dig a little deeper into the igaming verticals.
Online Poker: Holding Mostly Steady
The online poker market in Delaware is small compared to other states. However, while other states experienced significant decreases before 2020 and the pandemic igaming surges, Delaware’s revenue had been a bit steadier over time.
January 2021 numbers from the Delaware Lottery showed online poker with a year-on-year increase of 26.7% and a monthly increase of 10%. That was a positive way to start the year.
While February didn’t continue the upward trajectory, online poker registered only a rather insignificant decrease. And February only had 28 days, as compared to the 31 days in January. When we break down the monthly numbers by average revenue per day, that showed online poker up 9.5% from January to February.
Without that breakdown, the broader look at the numbers is:
–February 2021 online poker rake/fees: $39,193.74
–February 2020 online poker rake/fees: $30,870.96
–January 2021 online poker rake/fees: $39,632.77
Year-on-year: 26.96% increase
Month-on-month: 1.1% decrease
The hope is that Delaware online poker players continue playing online no matter the reopening of the state’s three racinos due to vaccine distributions.
Internet Gaming: Lotto and Table Games Up
The entirety of igaming in Delaware grew nicely in February, keeping up its substantial year-on-year increase, not to mention its monthly increase from January to February.
This is a good sign for the growth of the relatively small igaming industry in Delaware. As usual, the video lottery increase boosts the whole sector, but it all works together for the upswing. And though the monthly increase doesn’t seem like much at 1.73%, the calculation by using the daily average for 31 days in January and 28 in February shows monthly growth of 12.62%.
–February 2021 igaming net revenue: $751,291.18
–February 2020 igaming net revenue: $324,957.62
–January 2021 igaming net revenue: $738,525.27
Year-on-year: 131.2% increase
Month-on-month: 1.73% increase
This growth should continue into March and into April, until the weather lures people outdoors again.
New Registrations: More Players Discover iGaming
Despite racinos beginning to reopen after the last surge of Covid-19 cases in January, more players registered for online gaming accounts in February. And it starts the new year with two positive months in a row.
–February 2021 registrations: 782
–February 2020 registrations: 431
–January 2021 registrations: 728
Year-on-year: 81.44% increase
Month-on-month: 7.42% increase
If the Delaware Lottery continues to attract new players, the “little market that could” will continue to do well.
For the last 45 years, Delaware Lottery Draw and Instant Games have helped support programs that benefit those who work, live, and visit Delaware. Are you ready to be part of the WINNING tradition? 💰 Click here for a full list of retailers: https://t.co/6f3fPIHKuP pic.twitter.com/whMO46HAVS
— The Delaware Lottery (@DELottery) March 15, 2021