Delaware Online Poker sees 15% revenue boost, 44% overall

The online gambling revenue being generated in the tiny state of Delaware isn’t particularly significant, especially when compared to the two other US states of Nevada and New Jersey where interactive casino games and/or poker has been regulated. What is significant, however, were last month’s fiscal reports, indicating a 44% increase in iGaming revenue, including a 15% boost from online poker.

Delaware iGaming revenue up 44%, online poker up 15%For October 2014, Delaware Lottery officials reported the second lowest overall iGaming revenue generation of $130,268.65, with the absolute lowest being $111,387.71 in November of 2013; that being the first full month the state’s online gambling market was active. According to November’s results, the market is on the rise, seeing a 44% overall increase in iGaming yield to $184,898.39.

The online poker sector saw a 15% increase in the collection of rake and fees, jumping from $28,465.60 in October to $32,814.19 in November. The largest surge came by way of Harrington Raceway’s online poker tables, climbing 33.4% to $4,965.62. Next in line was Delaware Park, which converted a 17% increase to $19,353.21. Dover Downs saw nominal growth of just 3.6%, up to $8,495.36.

For Delaware’s iGaming market as a whole, November represented the 4th highest fiscal results since the state’s three casinos launched their respective online gambling campaigns 13 months ago. April of 2014 was the most profitable month of all, wrangling up over $240k across online poker and casino games, followed by a $207k yield in March of 2014 and a $187k report in June of this year.

When comparing the effective nature of Delaware’s online poker sector year-over-year, however, the results aren’t nearly as appealing. This November’s $32.8k harvest is 51% lower than the $67.9k haul from November of 2013, and nearly 70% less than December of last year when Delaware saw its largest gain from online poker, totaling $106,922.76.

By and large, there is a rather distinct pattern to be observed in the Diamond State. When iGaming was first launched late last year, online poker was the most popular way to place a (legal) wager over the internet. But as the months went on, poker games waned while online casino gambling surged.

November and December of 2013 drew $43.4k and $33.1k respectively, while online poker garnered $67.9k and $106.9k in those same months. Looking at October and November of 2014, there is a palpable reversal in the popularity of online poker and casino gaming. Table games and video lottery (slots) amounted to $101.8k in October and $152.1k in November of this year, while online poker rake and fees plummeted to just $28.5k and $32.8k respectively.

The reason behind the visible role reversal is easy enough to deduce. Online casino gamblers have come to trust the state’s regulatory oversight of iGaming, thus online slots and table games are drawing a larger crowd as time goes on. Poker players, on the other hand, are dwindling due to a lack of liquidity in the market.

The higher traffic rate a network receives, the more players there will be attracted to it. There’s not much point in seeking out cash games when there’s little or no competition to be found. Delaware’s online poker community was excited when Gov. Markell signed a shared liquidity compact with Nevada in February, but after waiting nearly a year, the enthusiasm for anticipated playing pooling has long since been forgotten.

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