The Delaware Lottery has released its latest monthly revenue report revealing that the state’s three licensed sportsbooks took in over $8.1 million in wagers during the month of November.
The latest figures represent a drop of 23.5% compared to the previous month and 19.8% compared to November 2022 when total wagers came to $10.1 million. So far in 2023, local sports fans have now wagered over $56.48 million, down by 23.98% when compared to the total for the first 11 months of 2022.
Sportsbook revenue for the month came to just over $1.1 million. However after adjustments including bonuses and promotions, that figure dropped to $576,800 for a 7.01% win percentage for the state’s retail sportsbooks. This brings the year-to-date total to $7.9 million, well short of the $11 million reported in the same period of 2022.
Taxes for the month came to $452,162 bringing the year-to-date total to $5.8 million. Since Delaware sports betting first launched in June 2018, the state has now collected over $62.6 million in taxes.
Year-to-Date Sports Handle, Revenues & Taxes in Delaware
| Period | Total Handle | Sportsbook Revenue | Win % | Adjusted Sportsbook Revenue | Adjusted Win % | State Taxes |
|---|---|---|---|---|---|---|
| Jan 2023 | $8,457,660 | $2,325,156 | 27.49% | $1,642,635 | 19.42% | $1,279,260 |
| Feb 2023 | $4,120,957 | $373,701 | 9.07% | $306,573 | 7.44% | $160,247 |
| Mar 2023 | $3,491,183 | $626,371 | 17.94% | $544,385 | 15.59% | $271,825 |
| Apr 2023 | $3,450,142 | $454,657 | 13.48% | $374,568 | 10.86% | $202,968 |
| May 2023 | $2,760,829 | $314,900 | 11.41% | $245,475 | 8.89% | $135,164 |
| Jun 2023 | $3,128,258 | $123,625 | 3.95% | $71,029 | 2.27% | $38,248 |
| Jul 2023 | $2,256,345 | $378,416 | 16.77% | $283,025 | 12.54% | $176,075 |
| Aug 2023 | $2,400,532 | $426,015 | 17.75% | $311,175 | 12.96% | $198,903 |
| Sep 2023 | $7,633,258 | $1,544,760 | 20.24% | $958,547 | 12.56% | $770,467 |
| Oct 2023 | $10,663,361 | $3,828,072 | 35.90% | $2,617,552 | 24.55% | $2,110,089 |
| Nov 2023 | $8,126,283 | $1,101,041 | 13.54% | $576,800 | 7.09% | $452,162 |
| Totals | $56,488,808 | $11,496,714 | 17.05% | $7,931,764 | 12.20% | $5,795,408 |
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.