Delaware’s iGaming Revenue Hits Record High

In May, Delaware’s iGaming industry faced a significant downturn, with casino revenues declining for two consecutive months. This trend raised concerns about the future, especially with the summer months typically being slow for casino revenue. However, the resilience of the state’s three online casinos has turned the tide, showcasing a remarkable recovery with four consecutive months of record revenue. The resurgence was capped by a 1.2% increase in September, marking a significant turnaround for the sector.

Delaware's iGaming scene has been buoyed by a combination of strategic management changes and a shift in player preferences. Under the stewardship of Rush Street Interactive, which took over the online casino market at the beginning of the year, the state has witnessed unprecedented growth. After posting over $3 million in revenue for the first time in January, the casinos have since recorded back-to-back months of growth, culminating in September's impressive figures.

 

Revenue Breakdown

The following table illustrates the revenue performance of Delaware's online casinos for September 2024:

Casino	Table Game Revenue	Slots Revenue	Total Revenue
Delaware Park Casino	$924,683	$1,881,606	$2,806,288
Bally's Dover	$292,736	$1,002,881	$1,295,617
Harrington Casino & Raceway	$487,971	$1,228,549	$1,716,520
Total	$1,705,390	$4,113,035	$5,818,425

 

Analysis of Trends

Delaware’s online casinos have demonstrated remarkable resilience, achieving revenue growth in nine out of the last eleven months. While September saw table-game revenue decline by 15.2%, the surge in slots revenue, particularly a substantial 20.1% gain from Bally’s Dover, balanced out losses from other venues. The total revenue of nearly $5.8 million reflects a robust recovery and positions the state to potentially exceed $6 million in online casino revenue within the next six months—a historic milestone.

In June, the state's casino win surpassed $5 million for the first time, following record months in July and August. This positive momentum indicates that the market is not only recovering but thriving. As players increasingly turn to online platforms, operators must adapt to changing preferences to maintain growth.

The growth of Delaware's iGaming sector is not just beneficial for casino operators; it also has broader implications for the state's economy. Increased tax revenues from gaming contribute to funding public services, while job creation in the industry supports local economies. The continued success of online casinos also fosters a competitive environment that can attract new players and operators, further bolstering the market.

 

Conclusion

Delaware's iGaming industry has shown remarkable recovery, transforming a challenging landscape into a thriving sector. With strategic management and a favorable market environment, the state’s online casinos have set a strong foundation for future growth. As the industry continues to evolve, maintaining this momentum will be crucial for capitalizing on the burgeoning demand for online gaming, making Delaware a key player in the national iGaming landscape.