Results for the online gambling market in the state of Delaware for the first two months of operation are showing that the state is seeing very slow movement when it comes to player participation. The state is last in just about every aspect when compared to both New Jersey and Nevada, but one would expect this as both the latter states offer more gambling opportunities in general. However the revenue reports released on the states earnings for the past few months are definitely less than stellar.
In the beginning, analysts estimated that the industry would be able to generate around $5 million in revenues for the first year of operation. According to the laws in place, the state would earn the first $3.5 million and after that point, the casinos in the state would then begin to profit. However, it may be some time before the casinos see any revenues as Delaware was only able to earn just over $250,000 in the first two months of operation.
While Nevada and New Jersey have hundreds of players online at peak times, online poker rooms in the state of Delaware can average less than twenty. The state only saw 2,654 accounts created in November, the first month of regulated online game play and an additional 1,336 players registered in December. These numbers are seriously small as compared to New Jersey who hit the 100,000+ registration mark just a few weeks into regulation.
However, Delaware is quite small and already knew they would need help from other states to create a substantial player pool. The state has also not promoted the option as heavily as both Nevada and New Jersey. It is also important to note that the state also suffered from geolocation issues, deposit problems and technical glitches during the first few weeks of regulation.
Delaware is in the game so to speak and has a leg up on states that have yet to enter the United States online gambling marketplace. It will be interesting to see if Delaware begins to heavily market their product to try and boost player numbers and revenues or if they are happy just to be included into the industry.
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