Summary: The kickoff of the NFL season has paid off well for sports betting in Delaware
One of the first states to get started with sports betting in the United States after the opportunity became available was Delaware. Over the past few months, the new industry has blossomed, but it wasn’t until the NFL season was in full swing that the bets really started rolling in. For the month of September, the state was able to earn $16.8 million, a major improvement for the industry.
NFL Pays Off
For September, regulators have revealed that Delaware saw a total sports betting handle of $16.8 million. This was an increase of over $7.7 million. In Delaware, there are racinos in operation, instead of the traditional casino. Dover Downs, Delaware Park and Harrington Raceway all offer sports betting with their handle vastly improving last month thanks to the NFL season being in full swing.
The largest portion of the total monthly handle belongs to Delaware Park. The operator saw $11.6 million with Dover Downs and Harrington making up the difference. Dover Downs brought in a $3.2 million handle while Harrington had $2 million. The net proceeds for the state came in at $3.15 million, which considers wagers placed as well as those pending. This amount is just over $700,000 more than what was contributed in August.
The betting handle for the state does not include the parlay sports betting offering by the Lottery, which has been in operation for many years. Delaware was one of just four states, including Nevada, that was grandfathered in to be able to offer certain types of sports betting in the US. With the reversal of the Professional and Amateur Sports Protection Act, states can now offer single-game wagering if legislation is in place within their state government to do so.
The sports betting market of Delaware has grown some since first launching in June. This coming weekend, the Dover International Speedway will welcome a temporary retail sports betting station. The launch will come at the same time as the Sea Watch International NASCAR Xfinity Series playoff begins as well as the Gander Outdoors 400 Monster Energy NASCAR Cup Series playoff.
Those attending the events will be able to take part in sports betting as the station is located next ot the Delaware Lottery station at Victory Plaza. The station will be open on Saturday from nine in the morning until three in the afternoon. On Sunday, the area will open earlier at eight and close down at seven in the evening.
So far, NASCAR has not been a lucrative option for sports betting in the state. However, the upcoming events paired with the opportunity to wager could see that change. According to Vernon Kirk, the director of the Delaware Lottery, betting on NASCAR has only attracted around $60,000 in wagers since the option launched in June.
Kirk does expect that this number will increase once NASCAR fans realize they can wager at the Speedway. It will be interesting to see if the attendees take advantage of the new wagering station. The area will not only cater to NASCAR but other sports as well.
Sport betting has really taken off in the US, with Delaware, New Jersey, Mississippi and West Virginia in full swing. Pennsylvania is gearing up to launch soon and even Washington D.C. is looking to get in on the action. As the year comes to an end and a new one begins, we are sure to see even more sports betting options on offer across the nation.