The Delaware Lottery has just announced the financial figures for the month of April of 2016; as it turns out the smallest of the four originally regulated states, managed to break all past records for online gambling revenues for the second consecutive month this year.
Collective revenues for online poker and other online gambling offerings, from all three of Delaware’s online casino operators, won $267,801 in April 2016; the amount reported is a slight improvement on the previous record, set only a month ago, in March of this year, when revenues were reported at $260,539. April 2016 also show a vast improvement on the money collected compared to the month of April a year ago; a 14% increase from $132,154 that was collected in April 2015.
Delaware also reported high revenues for online gaming in the month of February of 2016, which was reported at $229,789. The numbers for February also marked the first time Delaware surpassed the $200,000, which they have outdone three months in a row now. The small online gaming market of Delaware, with just under one million residents, only broke the $200 K boundary twice before since their launch in November 2013; once in the month of March in 2014, when they reported earnings of $207,038 and the next time in the month of April of the same year, when they collected $240,762. The high figure from April 2014 set the record for highest monthly income for online gaming in Delaware, two years ago and held the record for 22 months before being broken in March this year.
In the state of Delaware, video lottery, online poker and table games make up online gaming. The gaming services are offered through three of the regulated online casinos – Harrington Raceway & Casino, Dover Downs and Delaware Park Racetrack & Slots.
The revenue from online poker, rake and fees, came to a total of $34,751 for April 2016; this reflected a 6.9% month-over-month decrease, from the $37,324 that was collected the month before, in March 2016.
Dover Downs could be credited with more than half the online poker revenues for the month; they collected $17,494. Delaware Park Racetrack and Slots, which brought in the second largest proceeds for online poker, reported revenues of $14,876 for last month, they were still $2,618 shy of Dover Downs’ numbers. April 2016 also marks the first time Dover Downs came out on top, in online poker revenue, since their launch in late 2013. The casino operator, that collected a total of $89,498 for online gambling in April 2016, broke a record of their own – for highest monthly revenues; April also marked three months of consecutive growth for the casino. Harrington Raceway and Casino generated the smallest online poker collection of $2,380 in the month of April this year.
Despite the record breaking overall revenues, returns from poker rake and fees suffered a massive year-over-year decline of 28.4%. Last year, in April 2015, Delaware poker sites collected $48,552 in poker rake and fees, which marked the highest collection in the history of the state; however, that amount has not been reaches since; in fact, Delaware casinos have not even come close to the $40,000 mark for poker rake in the last twelve months since setting the record. Online Poker was responsible for 13% of the overall online gaming revenues in April 2016.
Video lottery revenues generated in the month of April in 2016 amounted to $142,735; this reflected a month-over-month decline of 7.8%, compared to the $154,794 that was reported in March of 2016. In the month of March, both the records for total online gaming revenues and highest monthly video lottery profits were broken in the state of Delaware. However, the figures reported from last month, April 2016, still managed to take second place for highest ever earnings from video lottery.
Video lottery revenues of $74,336 were also reported by Delaware Park; this accounted for about 52% of the total money collected from video lottery. The three-quarter of a million collected by the casino operator, was not only the highest in the state but also the highest figures ever reported for video lottery by Delaware Park since their launch in 2013; it also marked the third month in a row that video lottery revenues grew stronger for the casino. The casino has also seen four consecutive months of growth in overall online gaming revenues this year; they reported total collection of $154,926 in the month of April 2016, the second highest figure they have ever generated in their history; the record for highest monthly income still stands at $181,160, which was collected in April 2014.
Dover Downs brought in the second highest amount through video lottery offerings in April of 2016, reported at $55,540, while Harringdon Raceway made the smallest contribution of $28,322 in the same area.
Looking at figures from a year ago, we can spot a 52% year-over-year growth compared to April of 2015, when video lottery only made $68,038.
The strong video lottery collection was responsible for 53% of Delaware online gaming revenue for the month of April of 2016.
Delaware’s gambling sites, collectively, took in a sum of $90,313 for table games in April 2016. That is a 32% month-over-month growth compared to March of 2016, when total collections for table games were reported at $68,420. April marks the second best month for table games since December 2014, the record for the highest revenues was set in the month of February in 2016, when they generated an impressive $97,899 in monthly table games revenues.
Delaware Park collected $65,713, the highest amount for table games revenues for the month of April 2016, while Dover Downs brought in the second highest sum of $16,463. Harrington Raceway made the smallest contribution for table games, reported at $12,903; it amounted to 29% of their total revenues which were recorded at $43,606 for the month.
More than $5.5 million was wagered on table games in April by online gamers at the Delaware online casinos; this marks the third month in a row, where wagering has reached the $5.5 million mark; the threshold has only been reached seven times in the 30 months that Delaware has been operating regulated online poker and gambling.
Table game revenue made up 34% of overall income from online gambling in the month of April 2016 for the state of Delaware.
New Player Sign-Ups
With the record breaking revenues and long streaks of financial improvements, it is hard to believe that new player signups in on the decline. Only 268 new players signed up to Delaware online casinos in April 2016, the third consecutive month of dwindling numbers. Since January, when the total number of new signups was recorded at 456, the figures have been going down; subsequent months saw new accounts register at the rate of 378 in February, 320 in March and 268 in April.
Since launching in November 2013, 15,000 new accounts have been registered at the three gaming sites in Delaware; that is very impressive for a state with such a small population of less than 1 million people.