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Delaware Posts Lowest Online Poker Revenue Since Launch

Delaware’s online poker scheme experienced a huge decline in revenue for the month of May, generating the least amount of any month since launching in November.

The dismal results for May were released by the Delaware Lottery and show that poker rake for the sites operated by Dover Downs, Harrington Raceway and Delaware Park came to $57,469. That’s a decrease of more than 22% from the $74,078 taken in during April.

The best month for online poker revenue in the smallest state among the three who have thus far legalized forms of online gambling was December when poker rake totalled $106,922. From that high point five months ago, poker revenue has decreased 46.25%.

In revenue that encompasses all online casino games as well as video lottery and poker, Delaware netted $175,601 for May. That marks the first month since launch that The First State posted an overall decrease. Previously, each subsequent month since November was better than the one before until May ruined the streak.

All online gaming took in a profit of $240,496 in April, with the lowest month being that of November at $111,387. From April to May, net igaming proceeds fell off just shy of 27%.

Declining revenue is not restricted to Delaware among regulated online gambling states. Both Nevada and New Jersey have had their troubles since launching, as revenue figures projected prior to launch have not met the high expectations of state officials in any of the states.

That may be part of the reason why no other states have launched Internet gambling regimes since the trio all did so last year. As time marches on, it appears that none will be joining the three in 2014.

New signups hit an all-time low in Delaware for May. Only 342 Delawareans created new online gaming accounts in the month. New players have decreased each and every month since November.

The declining signup figures are not surprising considering the limited amount of residents who call Delaware home. The 2010 census found a population of 897,934, good for only 46th place among 56 U.S. states and territories. Of those almost 900,000, just 7,077 have created online gambling accounts in the tiny state.

 

 

 

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Charles Rettmuller

Charles has been an avid poker player for a number of years, both live and online. He holds a degree in journalism and previously worked as a reporter for a Chicago-based newspaper. Charles joined the PokerUpdate team in early 2012 and writes daily news articles for the site.

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