Delaware casinos see revenue drop
The Delaware lottery and gambling council met this week to discuss the drop in revenue for Delaware casinos and how to compete with neighboring states and rival casinos.
The Delaware Lottery and Gaming council is working to increase revenue for the state with their lottery games as well as the three casinos in the state. However, due to to competition from neighboring states, primarily Maryland, Delaware gaming has seen a drop in revenue for Delaware casinos.
The Maryland Live! Casino and Entertainment Complex in Hanover, Maryland is one of the largest in the region. The facility features 6 restaurants, a main stage, as well as 4,750 slot machines, 122 table games, and a 6-story parking garage. Maryland Live! is planning to open a 2-story poker room, causing people from all over to come to this impressive facility to try their luck to win.
The size and popularity of the Maryland Live! casino, along with other casinos in states bordering Delaware has caused revenues for Delaware gaming to drop significantly. Dover Downs, the largest casino in Delaware, reported $50 million in revenue for the first quarter, which is $14 million less than the same period last year. This significant drop has the Delaware Lottery and Gaming commission worried.
Delaware officials believe the high cost of casino services for Delaware contribute to the low revenue. Delaware casinos will soon be paying more for slot machines due to new contracts from the Delaware Lottery. Delaware has three casinos, and hopes to find a way to increase their revenue to cover the higher cost of games and services.
The Delaware Lottery is currently in the process of adding online gambling to their offerings, which would allow for more people to play their games at their own convenience, and hopefully drive up revenue.
The Delaware Lottery is still working to fix the issues facing their 22% drop in revenue from casinos.