Online poker in Delaware is in trouble after the Delaware Lottery released their June financial results showing a huge downswing for the game we all love.
The online poker industry in Delaware has just had a trombone blown into their ear at 6am in the morning after it was revealed that online poker profits fell to an all time low in June.
Revenue from the button clickers earned the industry $25,607 in June, a huge 55% fall from the $57,470 it earned in May, and the lowest haul since the Diamond State opened its cyber doors for business back in November.
So what the hell is going on?
The summer months, and the World Series of Poker (WSOP) will obviously have an impact on numbers, but perhaps it’s just the stark realization that liquidity in these small states is destined to dry up like a water hole in the Sahara Desert.
Delaware’s only hope is that the prospective intra state compact with Nevada will help their ailing product, and that more intra state agreements can be reached in the very near future.
It wasn’t all doom and gloom though.
If you look at the bigger iGaming picture then Delaware’s fortunes look a lot brighter with total revenue up 7% to $187,944, compared to the $175,602 is generated in May, and that’s 86% of total revenue.
The darling of the Delaware iGaming business is the online casino model with revenue up an astonishing 124% to $162,337 from $72,537 in May. Delaware Park maintained their 62% share of the market, with Dover Downs grabbing 30% and Harrington Gaming 8%.
June was also the month that saw the first increase in new accounts, since business started in Nov, with 399 new accounts in June representing a 16.7% jump from May.
