Delaware casinos payout $6 million in winning bets

The small American state of Delaware has already legalised sports betting and the dividends of acting fast for the casinos seem to be clear for all to see.

Three casinos in the state reported a total of about $7M in sports betting revenue.

The data is available from a website called delottery.com, “DE” being the abbreviation for the state of Delaware. Racetracks called Delaware Park, Dover Downs, and Harrington Raceway listed an “Amount played” that totals to precisely $7,003,725.

Of the three sports-betting vendors, it’s Delaware Park that is taking in the most revenue. They account for about $5.2M of the $7M played.

The state of Delaware is one without a major city. It’s likely bettors from other states that are contributing to revenue.

The Casino at Delaware Park is located east of the small city of Wilmington and in the northern section of Delaware. That would put it less than an hour away from Philadelphia and about the same distance from Baltimore, both major cities that are across state lines.

Of course, not all of the played bets were losers. The delottery.com source lists a liability of $6,003,478 in winnings that were paid out. That leaves of a balance of $1,000,247 that can be paid to either a vendor or other parties. The vendor also stands to gain from related sources of revenue, including food/drink sales from patrons.

Lastly, the delottery.com source indicates that 69,698 wagers were played. That calculates to $100.49 per wager.