In a thrilling turn of events for the gambling industry in Delaware, new data has shown that the state’s sports betting handle reached an impressive $18.9 million in the month of March. This marks a significant increase from the previous month and is a strong indication of the growing popularity of sports betting in the region.
According to reports from the Delaware Lottery, the total sports betting handle for March was $18,938,302, which is a 38.5% increase from February’s handle of $13.7 million. This surge in betting activity can be attributed to a number of factors, including the recent legalization of online sports betting in Delaware and the increased availability of sporting events to bet on.
The Delaware sports betting market has seen steady growth since the state launched its sports betting program in June 2018. The state was quick to capitalize on the US Supreme Court’s decision to overturn the federal ban on sports betting, making it one of the first states to offer legal sports betting outside of Nevada.
In addition to the impressive handle numbers, March also saw a significant increase in revenue for Delaware’s sports betting operators. The state’s sportsbooks generated a total revenue of $1.1 million in March, up from $743,804 in February. This increase in revenue is a positive sign for the state’s gambling industry and could potentially lead to further growth in the coming months.
While the rise in sports betting handle and revenue is certainly cause for celebration, experts warn that the industry is still in its early stages and that there is still much room for growth. With online sports betting now legal in Delaware, industry analysts expect to see even more growth in the coming months as more players take advantage of the convenience and accessibility of online betting.
Overall, the surge in sports betting activity in Delaware is a positive sign for the state’s gambling industry and a testament to the growing popularity of sports betting in the US. With more states expected to legalize sports betting in the near future, the industry is poised for even greater growth in the years to come.
