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   Thursday, April 25 2024 
Online Poker Revenue is plummeting - Delaware

Online poker market in Delaware is experiencing a tough struggle 14 months later after its regulation. According to a report published by the Delaware State Lottery, the state’s three operators recorded in December an overall online poker revenue drop of 9.6% compared to figures reported the month before (from $ 31,610 to $ 28,589). Delaware Park secured the biggest market share in December with $ 15,964 of revenue, followed by Dover Downs with $ 7,625 and Harrington Raceway ($ 4,999). Of course, this downward trend does affect online gambling market in general. Revenues from poker, video lottery and online casino games fell by 4.5% to $ 169,606 against $ 177,532 in November.

December 2014 is actually the third worst month since the tiny state of Delaware launched online poker. It only appears a bit encouraging compared to the $ 28,465 amassed in October and the $ 25,607 in June. On year-on-year basis, December 2015 figures are far lower than those reported in December 2013 ($ 106,922). The comparison shows a frightening 73% drop in ipoker revenue. The report mentioned that the state’s three online poker rooms attracted many players at the beginning, but few would continue when time has gone by. Anyway, the biggest concern is the lack of liquidity. Delaware has already found a solution by signing the Multi State Internet Gaming Agreement (MSIGA) with the state of Nevada in February 2014. The intended outcome remains to be seen though. Pending this, the USA’s smallest state would console itself with the tiny gambling revenue it has generated so far.

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