Tag: Finance

Sports betting handle in Delaware fell again in May, but the amount spent on igaming during the month hit a year-high.

Consumers bet $2.8m betting on sports in May, down 45.1% from $5.1m in the same month in 2022 and also 17.7% behind $3.4m in April this year. This was also the lowest monthly total since August 2022.

Revenue from sport betting during the month amounted to $245,474. This was 50.5% down from $495,676 last year and 34.5% lower than $374,568 in April.

Delaware Park remained the market leader with $112,768 in revenue from $1.3m in bets. Bally’s Dover was next on $68,221 off $740,564, then Harrington Raceway with $33,500 from $377,031.

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Mississippi’s sports wagering handle declined month-on-month again in May, although the state was able to report a year-on-year rise in revenue.

Player spending amounted to $26.8m, which was 8.2% lower than $29.2m in May 2022 and also 15.7% behind the $31.8m spent in April of this year.

Revenue for the month reached $3.2m, a 52.4% jump from $2.1m last year but 25.6% less than $4.3m in April.

Coastal casinos were again the venue of choice for bettors, with a total of $16.8m wagered and $1.3m generated in revenue.

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Player spending on sports betting in Washington DC fell again in May, although revenue was up month-on-month.

Handle for the month stood at $12.5m, which was 27.3% lower than $17.2m in May 2022 and also 17.2% down from $14.5m in April this year.

However, gross gaming revenue in May amounted to $2.0m, level with the same month last year and double the $1.0m generated in April.

Caesars Entertainment claimed top spot in revenue terms after collecting $818,817 from a $4.6m handle.

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Consumer spending on sports wagering in Indiana declined again in May, although revenue improved month-on-month.

Players bet $283.4m on sports during the month, down 8.1% from $308.4m in May 2022 and 11.9% lower than $321.4m in April this year.

Basketball drew the most bets with $72.0m wagered in May, while $64.8m was spent on baseball bets and $2.0m on football. A further $79.4m was wagered on parlay bets and $69.0m across other sports.

In contrast, adjusted gross revenue reached $33.8m. This was 10.1% more than $30.7m in May last year and also 15.0% ahead of $29.4m in April this year.

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In New York, sports betting handle and revenue both increased year-on-year in May, although player spending fell to an eight-month low.

Consumers wagered a total of $1.36bn on sports during the month, up 7.9% from $1.26bn in May 2022 but 11.7% lower than $1.54bn in April of this year.

This was also the lowest monthly amount since September 2022, when handle amounted to $1.26bn.

In terms of revenue, this reached $152.0m for the month, a rise of 38.4% from $109.8m in May of last year and also 9.5% ahead of $138.8m in April 2023.

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Player spending on sports betting in Delaware fell to its lowest monthly total in eight months during April, although igaming wagers improved year-on-year.

The state’s handle in April amounted to $3.4m, down 10.0% from $4.2m in April of 2022 and marginally lower than $3.5m in March this year. This was also the lowest monthly total since August 2022.

Revenue was 19.2% higher year-on-year at $374,568, although this figure was down 31.2% from $544,385 in March.

Delaware Park retained top spot in the market with $195,226 in revenue from $1.9m in bets. Bally’s Dover followed with $93,506 from $873,791, then Harrington Raceway with $46,728 off $458,575.

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