Whether it’s moral or not is up for debate, but there’s no doubt about one thing legalized sports betting definitely is: profitable.
Delaware, the first state outside of Nevada to legalize sports betting following a landmark decision by the Supreme Court, has just gotten its first revenue report following legalization.
According to the numbers, about 70,000 wagers for a total of just over $7 million in bets were placed across three locations from June 5 to June 24. Gamblers won back about $6 million, leaving the state with nearly $1 million in revenue.
Breaking it down to a daily rate, the state made about $52,600 per day from legal wagering.
Baseball accounted for 75 percent of the wagers, with the World Cup (10 percent) and NBA Finals (8 percent) making up the lion’s share of the remaining bets.
“We were pleasantly surprised,” said Delaware Lottery Director Vernon Kirk. “I’m cautiously optimistic, but check back with me when football season starts. No matter how you look at it, we have a good first few weeks, but I’d be surprised if it stayed that strong.”
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