Delaware iGaming Sinks To New Lows

Delaware iGaming revenues drop.

Delaware iGaming revenue plummets, but liquidity sharing gives online poker a glimmer of hope. (Image: mynokiablog.com)

Summer is never a particularly bountiful time for online casinos, but Delaware’s collection of licensed operators felt the squeeze more than ever in June with the lowest reported revenues on record.

According to the latest stats reported  by the Delaware Lottery, the state’s collection of online poker and casino sites banked 19 percent less in June than they did in May 2015.

Online Gaming Drops Below Average

Overall, the money raked in by Delaware Park, Dover Downs and Harrington equated to $108,692, which is markedly lower than the $160,000 monthly average seen in previous months.

However, in among the disappointment of the lowest revenue since iGaming went live in Delaware back in 2013, a glimmer of light emerged in the form of online poker.

Although far from eye watering, The First State’s poker platforms did generate $30,675 in revenue which represents a 19.8 percent increase on June 2014.

Part of this upswing can be attributed to the liquidity sharing initiative between Delaware and Nevada.

Since it started three months ago, the player swapping pact has resulted in a revenue increase of 12 percent compared to Q1.

New Jersey Left Out in the Cold

However, while liquidity sharing may have seen an increase in revenue for the two states over the last three months, the real term benefits are still lacking.

Although New Jersey has been left out in the cold when it comes to sharing playerpools, the Garden State is still managing to generate significantly more money on a monthly basis.

While this may be something of an unfair comparison given that Delaware and Nevada have a combined population that’s just under half the size of New Jersey, the fact remains that New Jersey is making considerably more than its iGaming peers.

According to latest figures released by the New Jersey Division of Gaming Enforcement, the Garden State’s collection of online poker sites (BorgataPoker.com, Partypoker.com, WSOP.com and 888poker.com) banked $1,835,576 in June 2015. 

Despite being 5% lower than May’s $1,928,106, that number is significantly more than the $30,675 collected in Delaware.

On top of this, New Jersey’s overall iGaming revenue peaked at $11,668,709 which was 23% more than the $9,505,583 earned during the same period in 2014.

The obvious strength of NJ iGaming raises the question as to why Delaware and Nevada aren’t pushing for a new liquidity sharing pact.

While it’s likely New Jersey regulators and operators would want the better half of any deal, it seems an obvious move for the stability of US iGaming as a whole if all the states were to work together.

Daniel Smyth
Written by
Daniel Smyth
Dan Smyth is a poker media journeyman who politely reminds CardsChat readers that poker is played all around the world, not just America.

Comments

maria francisca wrote...

perhaps more than a season of crisis ( summer ) with little of the economic crisis and greece and worldwide

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