The Delaware State Lottery released revenue numbers for July that show a gain of $5,789.97 in online poker rake from totals reported the month before.
Harrington Raceway, Delaware Park and Dover Downs took in a collective $31,397.57 for the month, up from June’s $25,607.60. While the figures generated in July by the online poker sites in Delaware may seem paltry, keep in mind that the state’s population is a mere 900,000 or so.
Delaware state officials were well aware that revenue totals would not be overwhelming even before launching last November. The best month thus far in the nine months that The First State’s online poker scheme has been up and running was December when poker rake and fees came to $106,922.76. The worst month was June.
The poker site operated by Delaware Park continues to dominate the tiny market with more than 50% of the action. Harrington Raceway is the least favored by players among the three, pulling in only $2,794.40 in July online poker revenue.
Online gambling revenue that includes casino games and video lottery tumbles
Delaware also hosts video lottery and online casino games for its residents. When adding the totals of that action with online poker, igaming revenue for July was a collective $173,096.40. June figures came in at $187,332.18, showing a month-to-month decrease of $14,235.78.
For those who look for positive news while analyzing data, the overall revenue total for July was better than four of the nine months that igaming has been available. Also on the plus side were new player registrations, totaling 410 for the month. New sign-ups in July outpaced the totals in each of the last three months.
Regulatory success trumps low revenue totals
Anti-online gambling activists led by Las Vegas Sands CEO Sheldon Adelson relish the underwhelming igaming revenue numbers posted by Delaware, Nevada and New Jersey in recent months. The Coalition to Stop Internet Gambling (CSIG) tends to make a big deal out of the fact that revenue expectations in the regulated states have been falling short.
But those naysayers are failing to take into consideration the fact that the regulated industry has only just begun, and with the exception of Nevada, is not yet one year old. Also left out of any propaganda spewed by CSIG is the regulatory success found in each of the three markets, providing safeguards for consumers in a regulated environment that is likely to add more states in the future.