Delaware iGaming Revenue Sees February Boost

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.

 

 

 

About Jennifer Newell

Jennifer began writing about poker while working at the World Poker Tour in the mid-2000s. Since then, her freelance writing career has taken her from Los Angeles to Las Vegas and back to her hometown of St. Louis, where she now lives with her two dogs. She continues to follow the poker world as she also launches a new subscription box company and finishes her first novel. Jennifer has written for numerous publications including PokerStars.com and has followed the US poker and gaming market closely for the last 15 years. Follow Jen on Twitter

Disclaimer: The information on this site is my interpretation of the laws as made available online. It is in no way meant to serve as legal advice or instruction. We recommend that you seek legal advice from a licensed attorney for further or official guidance.

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