Delaware Gambling Disappointing Revenues

July 18, 2014 by

Delaware Online GamblingAs one of the three current states that have regulated the business in some way, there have been reports that the Delaware online gambling revenues have been much lower than expected, and this has caused a lot of disappointment. Their target was $5 million in revenue in their first year, and they barely pulled $1.2 million. This is only about one-fourth of what they were expecting, and after the expenses for starting up the business and paying fees to vendors, their profits came down to an even lower $318,000.

Why Did Delaware Online Gambling Flop?

There are a number of key reasons that make Delaware special when it comes to what could be seen as a bit of a failure in the revenue department. The first factor is that the state doesn’t have that many people who gamble relative to what some other states have posted. Another factor is that many of the brands that were brought in for their games are unfamiliar to the people who do enjoy gambling. Finally, there were a number of issues with the technology used, and the mobile platform came out several months later than expected.

Moving Forward in Delaware and Other States

One of the issues that could happen with this situation in Delaware has to do with other states that are looking to regulate games in the upcoming months. The mistakes that have been made with Delaware need to be avoided for other states to have a chance at turning some significant profit with their own games — the whole driving point of them hosting them in the first place.

For Delaware to move forward, they need to expand their player pool and work on building the reputation of the services and software companies that they work with. These brands need to become more familiar to the public so that people feel safe playing with them. They also need to make sure that the technology side of things is working like it should because that could be a major reason why a lot of people stay away.

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