Delawares regulated sports wagering market encountered a substantial reduction in income during January, plummeting by a significant 91.1% in comparison to the preceding month. This downturn was attributed to a decline in player participation, resulting in diminished betting sums.
The overall monthly income, as of January 27th, decreased to $1.4 million. Delaware Park contributed the majority of the revenue, accounting for $975,731, a 33.7% reduction from December.
Dover Downs generated $259,058 in revenue, down 37.0% from the previous month, and Harrington Raceway contributed the remaining $203,568.
Player participation dropped considerably in January, with the total number of wagers placed at the three authorized sports betting locations falling by 35.4% to 227,328, while the amount wagered decreased by 25.7% to $11.9 million.
With players winning a total of $10.3 million, the hold rate for the month was 12.0%, down from 13.3% in December. The three licensed companies also paid $205,480 in vendor fees in January.
Last week, Delaware reported that online gambling income in January increased 57.9% year-over-year to $279,541.
As the commemoration of the vertical launch falls on June 5th, yearly comparisons of state sports betting performance are not feasible prior to June 5th.
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