There is a significant change perceived in the Delaware gambling industry. The launch of BetRivers, a top online gaming platform, has revolutionized internet casinos and sports betting. They won the Delaware Lottery's competition last August and gained victory over 888 Holdings. They are now pledging to a five-year partnership for supervising the state's iGaming platform and leading the way in online sports betting operations.
BetRivers' Record-Breaking Debut Month
The new operator began its official business on January 3, 2024. It started its business in partnership with Delaware Park, Bally's Dover, and Harrington Racetrack. During its inaugural month, BetRivers set outstanding records regarding the amount of money being bet and the amount it earned for Delaware online gaming.
24,703 people have registered their online gaming accounts under BetRivers in the inaugural month. Those aged 21 years or more and residing in Delaware can register an account to experience online gaming while they are within the state.
During the last month, people bet a total of $136 million. Out of this, $69.2 million was spent on table games, whereas $66.8 million was spent on slot machines. BetRivers earned a remarkable $7.5 million in sales and $6.4 million in profits last month. These figures are more than double the previous high recorded in March 2023, which was $2.8 million.
Delaware Park Dominates as a Top Performer
The Delaware Lottery carried out an in-depth analysis of gaming figures. Its analysis disclosed that Delaware Park was still the leading choice for gamblers. Out of 27,542 new registrations recorded last month, nearly 60% were from people going to the racetrack. Consequently, it led to almost $3.9 million in gross income. Delaware Park's table games received $38.7 million in bets. This amount makes up a considerable portion (35%) of the total bets placed in the state.
Compared to its 2023 statistics, Delaware Park witnessed a remarkable jump in how much money it earned and how much people spent. The slot machine bets escalated from $46 million to $62 million. Bally's Dover did well, making a new record of $1.8 million in gross revenue and handling a total of $17.5 million in bets.
The racetrack's money bet on the table increased almost 40% to $6.2 million. Its bets on slot machines were more than doubled to $11.3 million. Harrington Racetrack also showed remarkable growth, making a new all-time high in profits by earning $2.5 million. It handled a total of $24.8 million in bets. The sum of money bet on table games at Harrington Racetrack increased by over 300% to $7.1 million.
Gaming Revenue Distribution in Delaware
Commercial casino gaming is working on the part of the Delaware Lottery. Delaware's three casinos operate video lottery terminals, which are fundamentally like slot machines. They also have retail table games. The Delaware Lottery earns 38% of the money from the video lottery and 15% from table games.
iGaming and sports betting contribute to government funding. Nearly 56% of the GGR (Gross Gaming Revenue) obtained from online slots and tables is allotted to the Delaware General Fund. The remaining profits are distributed between BetRivers and the casinos. Almost half of the net revenue from sports betting also supports the General Fund.
BetRivers' Revolutionizes Delaware iGaming Market
By collaboration with White Hat Studios, BetRivers could provide popular games like Almighty Buffalo Megaways and Jackpot Royale. These games will attract more players. With BetRivers leading the way, Delaware is ready to retain its position as a critical player in the US online gaming industry.
