It’s looking more and more like Delaware online casinos will enjoy their most lucrative year yet in terms of revenue in 2023. June 2023 marked another month in which the three licensees combined to win more money from players than in the same month of any other year so far.
June also marked the close of the Delaware Lottery’s first fiscal year period for revenue at the state’s physical casinos. The month helped those properties close that period of time out strongly as they improved on their June 2022 performances.
June keeps 2023 on record pace for online casino win
The latest online casino revenue report from the Delaware Lottery shows the three licensees had their strongest June yet. Bally’s Dover had the greatest share, accounting for around 39.3% of the whole.
June 2023’s total surpassed June 2022’s sum by just over $26,000 or less than a percentage point. That represented a significant slow down in terms of the rate of growth. For comparison, Delaware May online casino revenue was up almost 8% over the previous record for that month.
Regardless, the 2023 version of June is a new record in this segment in the state.
Through the first six months of 2023, Delaware online casino revenue is up around 13.6% over the same time period in 2022. For the three casinos, part of this year will be the standard by which future periods are measured in other segments, too.
Delaware makes shift to fiscal year reporting for land-based gaming revenue
In July 2022, the Delaware Lottery shifted its reporting for gaming revenue from in-person gambling to a fiscal year format. Thus, the first such fiscal year just ended in June. Here are the revenue figures from that period.
- Slots: $414.3 million
- Sports betting: $11.8 million
- Table games: $53.7 million
- Total: $479.8 million
- State share: $173.3 million
June closed out that period with a flourish. Revenue at the state’s three casinos (Bally’s Dover, Delaware Park, and Harrington) was up 4.6% compared to June 2022 overall thanks to a 5.4% increase in win from slot play. Table games revenue was essentially flat year-over-year while sports betting win declined by almost 67%.
The three casinos together, from all in-person gaming, reported over $41.6 million in revenue for the month. That translated to just under $14.8 million for the state’s share of revenue for the month. If they can repeat growth of around 5% each month over the rest of the current fiscal year, the casinos could finish over a billion in revenue in this term.
Even if they don’t get there, though, 2023 looks like an even safer bet to the be their best year yet in terms of revenue from online casino games.