Happy Anniversary! Delaware Sports Betting a Winner One Month In
July 05, 2018 9:52 AM
by Brett Smiley
A $100,000 bet has been placed. A $1 million “profit” has been made. And about $7 million has been bet.
Yep, Delaware has hit it big.
Today marks the one-month anniversary of legal sports betting in the state and Delaware Lottery Games director Vernon Kirk couldn’t be happier.
“It’s obviously pretty exciting, but we’re doing well,” he told Sports Handle. “Maybe even a little bit better than the percentages that we expected.”
Not a bad deal for the first state outside of Nevada to accept full-fledged legal sports bets since the United States Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) on May 14.
The state’s fiscal numbers were due on June 24, according to Kirk. And those numbers revealed that bettors in Delaware had placed approximately $7 million in bets with $6 million paid out to winners, and a $1 million “profit” to cover the likes of vendor fees, computer fees, risk management, commissions to the racetracks, a purse increase and the state’s share.
Check out sportshandle.com for the full article.
Brett Smiley’s opinions are his own and may not reflect those of GamingToday.