The Delaware Lottery released their unaudited iGaming results for July, and online poker results have started to head in the right direction, after an abysmal showing in June, with Delaware Park Casino leading the way.
When the Delaware Lottery released their ‘unaudited’ financial information for July, there was some good news and some bad news.
Which do you want first?
Ok then, first the good news.
The online poker numbers are looking a damn site better than the Turkeys that were rolled out in June, with a 22.61% increase in revenue.
The three racino’s (Delaware Park, Dover Downs and Harrington) earning a combined total revenue of $31.4k as opposed to $25.6k in June.
Now the bad news.
Online poker results might be climbing out of the pit, but total iGaming revenue saw a 7.6% slump from $187k in June to $173k in July, and total amount wagered dropped 38% from $8.8m in June to $5.5m in July.
Delaware Park continues to be the market leader with 60% of the total revenue being generated by the William duPont designed racetrack. Dover Downs and Harrington hold 31% and 9% respectively, and Dover Downs were the only member of the big three to see an increase in new accounts, with 26 more sign ups than in June.
Whilst the Northward pointing graph is good news for online poker, it ’s still the second weakest month since the cyber doors opened in November of last year. Total revenue stretched its neck above the $100k point in December, but it’s been a downward spiral ever since, with a minor improvement in March ending with a three month drop.
In February, Delaware became the first state to sign an interstate online poker liquidity sharing deal with Nevada, but are yet to see the agreement turned into a tangible system.