Delaware Casinos Reporting Good Returns On Sports Betting
While its early days still the sports betting market in the US has got off to a flying start. The state of Delaware was the first to offer legal sports betting outside Nevada with their three state approved casinos. According to figures released by the Delaware Lottery the sports betting handle has generated just over $7m in the first 20 days which is a very good start to what is expected to be a lucrative market.
As we reported Delaware already had legislation in place for the legalization of sports betting which enabled them to be the first US state outside of Nevada to offer sports betting.
According to the figures released the three state operators held $1m of the $7m wagered which represents a win rate way above the average 5% reported by most books. Delaware’s Lottery’s parlay sports betting offering which is powered by Scientific Games took in $125k from vendor fees from these winnings.
Following them were Dover Downs Hotel & Casino and Harrington Raceway that accounted for $1.18m and $590k respectively.