After getting the first state in the US to provide legalized sports betting after the May ruling by the United States Supreme Court to hit PASPA, Delaware is doing very well with their brand new industry. The country ’s three casinos have sportsbooks, with one already standing out above the rest.
The Delaware Lottery is responsible for this newest sports betting industry in the state and lately supplied figures in the first twenty days of performance. According to the numbers, the total sports betting manage has already surpassed the $7m mark.
Of the $7m wagered, the nations held $1m, with vendor Scientific Games Corp earning $125,000 in vendor fees from the wagering. The next casino, Harrington Raceway, managed to see wagers of around $590k.
Earning the most for the state, Delaware Park also watched the most wagers placed, at close to 51,000.
Delaware has done incredibly well after being the first to launch single-game wagers in the US. On the first day of betting, the state generated over $320,000, with Governor John Carney putting the first bet on June 5th at Dover Downs. The Governor was powerful in his bet, betting $10 that the Philadelphia Phillies would conquer the Chicago Cubs.
The earnings from sports betting are welcomed by the casinos, which are fighting for the last few years. Only a few days back, the places have been supplied with a tax rate cut that should provide much-needed relief, helping the casinos to begin to see a positive turnaround. Legislators of the state approved a step a few days back that will see the slot machine revenue tax rate cut 1% with the dining table tax rate cut down to 15.5%.
The fluctuations plus sports betting revenues should assist the 3 gaming venues remain afloat, as they contend against neighboring states like Pennsylvania and Maryland.
NCAA coming to terms with legalized sportsbetting
