Operators Finding It Hard To Profit In Delaware

Slow start to online gambling makes for disappointing results

Delaware's relatively new online gambling legalisation regulations stipulate that the state gets all of the first $3.75 million in revenue each operator generates, making it hard to prosper in a market that is currently delivering dismal results below initial expectations.

The latest figures from the First State show that online gambling has fallen well short of its target of $5 million in revenue during its first fiscal year.

The venture brought in little cash for the state and none for Delaware's land casinos which have online operations, according to local media reports.

Since launch last November, online gambling has brought in $1.2 million, and the state's return from startup and vendor fees came to a mere $318,000.

Officials told the Associated Press news agency that the projection for fiscal year 2015 calls for $3.3 million in online gaming revenue… still not enough for casinos to make money.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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