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Delaware Tracks Handle $7 Million During First 20 Days of Sports Betting

“I’m glad that this started when it did, at a time when there aren’t a lot of sports to bet on, because they have some kinks to work out. They shut down at 11 p.m., so they had to, on one occasion, turn everyone away in the middle of one of the NBA finals game. There’s also been long lines. But, hopefully, they should have everything working much better by the time the NFL and college football games start. If they do, and with the popularity of those sports, I would imagine that $62,000 figure would grow quite a bit.” Delaware is the only state that has legalized sports betting where the tracks are required to contribute a portion of the profits to purses. Prior to the Supreme Court decision, Delaware already had legal parlay style bets on NFL games, and the “win” on those bets is typically around 30%. Some worried that single game wagering would cut into the parlay bets and might actually cause the tracks to lose revenue. But the total revenue on the parlay bets in 2017 was $4.8 million. Based on the June results, the annual revenue for more traditional sports bets will be far greater than what the tracks were bringing in on the parlay wagers. Monmouth Park launched http://casinobingojbl.pacificpeonies.com sports betting June 14.

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