Delaware Posts Revenue Gain for August

Posted By: Date: 10/06/2014 at 12:00 am Leave a comment

We’re not typically one to toot our own horns, but toot toot.

Several months ago, we posted about how Delaware had less than desirable revenue numbers during the Summer months. Many critics were quick to jump on the opportunity, saying the appeal of online gambling was wearing off, it was a fluke, etc., while we maintained the stance that it was summer and people were out enjoying themselves. Looks like we were right.

For August, Delaware online poker revenue was up 23 percent. This could be due to a number of things. Maybe people were done with their summer vacations, maybe their kids went back to school, or maybe they found an awesome no deposit promotion. There’s no way of knowing for sure.

It’s great news for the state of Delaware. As mentioned earlier, June’s numbers were low – frighteningly low. The 23 percent increase is especially impressive, given that the state doesn’t even have a million residents – they actually top out at 925,749 people, according to the United States Census Bureau for 2013.

Don’t count out Nevada or New Jersey, though. They’re still posting pretty great numbers themselves. Granted, they also have a significantly larger amount of residents.

So what does this mean? It means that Internet gambling, just like every other business, is prone to slumps. Every industry has slumps, and the online gambling industry is no different. People shouldn’t be so quick to attack the industry.

The opponents of online gaming are still saying that it’s not enough. They say that the gains should be much more impressive than they are, even though the industry is posting profits that the state wouldn’t have otherwise. Take New Jersey, for example. Several casinos have shut down there, but thanks to online gambling, the state’s revenue was fairly unaffected. If online gambling hadn’t been legal, what would the state have done? They probably would’ve lamented the fact that they didn’t legalize online gambling.

We’re still in the fairly early stages of online gambling, and personally, the profits look great. You can’t stack the profits side-by-side with the casino industry, which has been around for decades, and say “oh, well, these figures aren’t where they should be.” The figures show that the industry is on an upward trend, and as society continues to evolve, so will online gambling.

Here’s my bold prediction. As we progress into the latter half of 2014, we’re going to see more states continue to post profits. These states will get some much needed assistance, while opponents continue to bicker back and forth. Hopefully, if common sense prevails, I’ll soon be writing an article about how Pennsylvania or California has legalized online gaming, with hopefully more following close behind.

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