Online casino revenue in Delaware has dropped 7.5% from July 2019 to July 2020. This is a significant decrease, and it is likely due to the COVID-19 pandemic.
The Delaware Lottery, which oversees the state’s online casino gaming, reported that the total amount of money wagered in July 2020 was $15.3 million, down from $16.6 million in July 2019. The total amount of money won by players in July 2020 was $14.2 million, down from $15.4 million in July 2019.
The decrease in online casino revenue is a reflection of the economic impact of the pandemic. With many people out of work, or working fewer hours, they have less money to spend on recreational activities like online gambling. Additionally, with the closure of physical casinos due to the pandemic, many people have had to turn to online casinos for their gaming needs.
The decrease in online casino revenue is concerning for Delaware, as it is a major source of revenue for the state. The state has been relying on online gambling to help make up for the losses from the closure of physical casinos.
However, it is important to note that this decrease is not unique to Delaware. Online casino revenue has decreased in other states as well, including New Jersey and Pennsylvania.
It is unclear how long this decrease in online casino revenue will last. It is likely that it will remain low until the pandemic is under control and people are able to return to their normal lives.
In the meantime, Delaware will need to find other ways to make up for the lost revenue from online casinos. This could include increasing taxes or finding other sources of income.
Overall, the decrease in online casino revenue in Delaware is concerning, but it is not unique to the state. It is likely that this decrease will remain until the pandemic is over and people can return to their normal lives. In the meantime, Delaware will need to find other ways to make up for the lost revenue.