It’s been a year since the state of Delaware legalized online gambling and, as of today, the industry is booming, with nearly $1.4 billion in revenue last year.
In a post on the Delaware Gaming Board website, Executive Director of the state’s online gambling industry, Rick DeMuro, said the state has seen “significant growth” in online gambling over the past year.
“We have seen the demand from consumers that were previously unwilling to gamble online skyrocket in 2016,” DeMuralos said.
“In 2017, the state saw over $1 billion in online gaming revenue, and by 2021, that number is expected to grow to $2.7 billion.”
While we still have a long way to go to meet the expectations that were set back in 2017, we believe that we are on the right track.
“Our hope is that the legalization of online gambling will drive more people to our state and spur the growth of other online gambling operations.”
DeMuro said he’s optimistic that the state can reach its goal of legalizing online gambling by 2021.
In 2017 alone, the Board recorded $1,068,000 in online betting losses for Delaware.
“With the advent of online gaming, consumers will be able to play the games they love in a safer environment, without the risk of being caught by the law enforcement and casino industry,” De Muralos wrote.
“This will mean more competition for the best gaming machines, making our industry stronger, safer and more efficient.”
The Delaware Gaming Commission, in conjunction with the Delaware State Police, is responsible for regulating online gambling in Delaware.
DeMuralys goal for 2017 is to bring in over $200 million in online games and $500 million in state revenue.
“The success of our industry will depend on a robust legal and regulatory framework that will allow Delaware to maintain a competitive edge in this rapidly growing market,” De Mil, said.