Delaware Sports Betting Handle Shows Vast Increase in October
In the latest gambling industry news, the Delaware sports betting handle continues to increase each month as we move toward the end of the year. For October, the total sports betting handle of the state for the month is at $22.2 million. This is 62.3% higher than September’s $13.7 million. Licensed sportsbooks take in $12.1 million of the October handle, with the remaining $10 from sports lottery retailers.
Many experts, however believe that Delaware’s sports betting handle could be much higher than it is now. Delaware does not allow online sports betting. Currently, the state does allow for iGaming, with poker, table games as well as slots available online. The monthly iGaming handle for the state in October was $25.5 million. This is 2% lower than September’s $26 million. However, its revenue shows a 17% increase from September’s $794,664 to October’s $930,093.
Delaware Sports Betting Handle
As mentioned earlier, the potential for online sports betting could increase the numbers for the state. Especially since sports lottery retailers are also limited with betting options, only offering football parlay cards. With a good bookie software expectation on offering a wide variety of online wagering options, we can easily see the numbers double at the very least with online sports betting.
Both college and professional football has helped the state generate higher numbers in sports betting back in September. Then, for October, we have the start of the NHL and the NBA boosting the handle. In fact, to become a hockey bookie is becoming increasingly popular in North America as it is a very profitable league for bookies. In addition, college basketball season started in November, so we may see an even higher betting handle for Delaware. All things considered, while Delaware’s sports betting market is doing okay, its residents could be doing better with more options available to them online.
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