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BetRivers and Online Sports Bets Increase Delaware’s Sales
In development for Delaware’s online gaming industry, the state witnessed a substantial increase in iGaming revenue during its initial month under the operation of BetRivers. The interactive gaming company based in Chicago and part of Rush Street Gaming, was unveiled as the latest partner of the Delaware Lottery in August. This announcement followed the termination of the lottery’s long-standing partnership with 888 Holdings, which had lasted for over a decade.
BetRivers’ Entry Sparks Surge in Revenue and New Account Registrations
The introduction marked the company’s fifth iGaming offering, with licenses granted in all states permitting online gambling establishments except for Connecticut. The state’s decision to work with this experienced digital gaming operator is proven to be beneficial.
BetRivers started its internet gambling establishment and sportsbook in Delaware on December 27, with January showing a surge in activity:
- December iGaming income in Delaware was $1.16 million.
- After BetRivers took over, digital gambling income increased to over $3.4 million.
- In January, 24,703 new iGaming accounts were registered.
Delaware boasts attractions such as its beach towns and the Dover Motor Speedway, adding to its appeal for both residents and tourists. The partnership between BR and White Hat Studios has expanded gaming options, providing players access to popular titles like Jackpot Royale and Almighty Buffalo Megaways.
Impact on State Revenue
One of the key factors contributing to the surge in January’s activity was the introduction of digital sports wagering under BetRivers, a feature that was not permitted under the previous partnership with 888. This addition likely attracted a big number of new account registrations, further propelling the month’s activity.
The income generated from commercial gambling establishments in Delaware, overseen by the Delaware Lottery, is significant. The Lottery retains thirty-eight percent of video lottery prizes and fifteen percent of table sales, with the state’s residents gaining profit from casino earnings.
Government spending, including contributions to the GF, increases with sports wagering and internet gambling. Approximately fifty-six percent of the GGR from digital slots and tables is put in the Delaware General Fund, with the rest of the profits shared between BtR and the gambling establishments. Furthermore, around half of the total earnings from sports wagering contribute to the General Fund.
Delaware is among the six states that permit online gaming, along with neighboring states like Pennsylvania and West Virginia, as well as Connecticut, Michigan, and New Jersey.
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