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Jul 18, 2018

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Delaware Sports Betting Numbers For First 20 Days: $1 Million Revenue, $7 Million Handle

Delaware is one of the states that had an existing, partial sports betting product prior to the repeal of PASPA . The DE Sports Lottery has offered NFL parlay tickets since 2009, allowing folks to bet on the combined outcome of multiple games. Although parlays are a different beast, the product does give us something to compare against. Over the 2017-18 NFL season, total revenue from DE parlay betting came to about $4.8 million. September was the strongest month, responsible for about $1.77 million of that. The state’s revenue share totaled $2.4 million. If we assume the hold on parlays http://ultrabetshi3dq.bsimotors.com is around 30 percent, total handle was about $16 million for the year — all between August and February. During the launch of single-game wagering, Lottery Director Vernon Kirk expressed some apprehension over the pivot. Single-game tickets typically have margins closer to five percent, so Kirk anticipated needing to take six times as many bets to maintain revenue.

For the original version including any supplementary images or video, visit https://www.legalsportsreport.com/21773/delaware-sports-betting-revenue-june-2018/

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