Delaware iGaming Revenue 2026: Figures and Tax Model

Delaware iGaming revenue reached about 85.5 million USD in net proceeds in fiscal year 2025, up 167.7 percent on the prior year, according to the Delaware Lottery. That figure sits on Delaware’s own net-proceeds basis, the amount left after payouts, promotional credits and vendor costs. A gross gaming revenue basis, reported separately by the American Gaming Association, puts the same market higher. This guide covers the yearly figures since the late-2023 platform change, how the money is split among the state, the racinos and the vendor, and how Delaware taxes what remains.

Delaware iGaming revenue in 2025

Delaware iGaming revenue for fiscal year 2025, which runs July 2024 through June 2025, totalled about 85.5 million USD in net proceeds. That is up 167.7 percent from the 31.9 million USD recorded in fiscal year 2024, according to the Delaware Lottery. The jump follows the switch to Rush Street Interactive as platform provider in late December 2023, replacing the prior 888 and Scientific Games arrangement. For background on how the state’s single-provider structure works, see the Delaware Lottery iGaming model guide.

Because Delaware reports net proceeds rather than gross win, the 85.5 million USD figure already has payouts, promotional credits and vendor costs removed. Total player handle across the state’s three racinos reached about 3.3 billion USD in fiscal year 2025, which shows how low the net hold is relative to money wagered. Registrations across all three venues came to 51,280 for the year. Full monthly and annual figures appear in the Delaware Lottery iGaming distribution reports.

Delaware iGaming revenue by year since the platform change

Delaware’s online casino has operated since 2013, one of the first three US states to launch alongside Nevada and New Jersey under the Delaware Gaming Competitiveness Act. Before the December 2023 platform change, monthly net proceeds averaged about 1.2 million USD across January through June 2023, so the market ran at low tens of millions per year. The table below shows the net proceeds figures on record since the transition.

As a cross-reference, the American Gaming Association reported Delaware iGaming gross gaming revenue of about 132.5 million USD for calendar year 2024, up over 111.7 percent on the prior year. That AGA figure uses a different measurement basis than the Delaware Lottery’s own fiscal-year net proceeds number, which the next section explains.

How Delaware reports revenue: net proceeds versus gross gaming revenue

Two bases describe Delaware iGaming revenue, and they produce different numbers. The Delaware Lottery’s headline figure is net proceeds: money left after player payouts, promotional credits, and the technology provider’s fee and system costs. The American Gaming Association instead reports gross gaming revenue (GGR), the standard basis most other states use, which sits closer to what operators actually win from players before those deductions.

For calendar year 2024, the AGA put Delaware iGaming GGR at about 132.5 million USD. The Delaware Lottery’s fiscal-year 2025 net proceeds figure was 85.5 million USD. Both numbers are correct. They measure different stages of the same revenue flow, and the fiscal-year and calendar-year windows do not line up exactly either. Because Delaware runs a state-lottery model rather than a licensed-operator model, its own reporting has always used net proceeds, not GGR.

Where the revenue comes from: slots, tables and the three casinos

Delaware iGaming revenue for fiscal year 2025 split unevenly across product types. Video lottery terminals and slots produced about 58.4 million USD, roughly 68 percent of net gaming revenue. Table games brought in about 27.1 million USD, around 32 percent. Peer-to-peer poker generated about 53,609 USD, representing under 1 percent of the total. Delaware participates in the Multi-State Internet Gaming Agreement (MSIGA), which allows shared poker liquidity with Nevada, New Jersey and Michigan.

Revenue also splits by venue. Delaware Park generated about 42.4 million USD in net gaming revenue for the year, Harrington Raceway and Casino about 25.4 million USD, and Bally’s Dover about 17.7 million USD. Rush Street Interactive operates the same platform for all three racinos under the BetRivers brand and serves as Delaware’s exclusive contracted online casino provider. A vendor entering a state single-provider structure like this one typically works through a gaming licence acquisition service to map eligibility before approaching the Lottery.

How Delaware distributes iGaming net proceeds

Delaware iGaming revenue does not go to a single recipient once it reaches net proceeds. The table below shows how the 85.5 million USD in fiscal year 2025 net proceeds was split.

How Delaware taxes internet gaming revenue

Delaware does not apply a single flat tax rate to iGaming gross gaming revenue, unlike New Jersey or Michigan. Instead, the state uses a lottery net-proceeds revenue-share model. Across products, the effective state take works out to around 50 percent of net proceeds. Internet video lottery, meaning slots, carries an effective tax rate of about 57 percent. After the first 3.75 million USD goes to the State Lottery Fund, the remaining proceeds follow a set distribution. Racetrack operators receive roughly 42 percent as commissions, while the State General Fund receives 40 percent. Horse racing purses receive 10 percent, and about 7 percent covers vendor fees and system maintenance.

Internet table games follow a separate structure: a 15.5 percent tax on licensees plus a 4.5 percent purse supplement. Because these figures are structural rather than a simple GGR percentage, the table below summarises the treatment by product.

What promotional credits and hold mean for reported revenue

Delaware iGaming revenue is reported net of promotional play, so the state effectively shares in that cost with the racinos. In fiscal year 2025, promotional-play deductions totalled about 12.5 million USD. Against total player handle of about 3.3 billion USD and net proceeds of 85.5 million USD, the net hold rate is low, which is typical for a slots-and-table-games mix run at volume.

That structure means a heavy-payout stretch, or a period of elevated promotional spend to drive registrations, compresses net proceeds directly. Because the state’s revenue share is calculated on net proceeds rather than gross win, a downturn in hold also reduces the state’s take in the same period. In practice, this is a different exposure than a flat GGR tax, where the state’s percentage stays fixed even if hold swings. Vendors reconciling monthly distribution reports against contract terms often rely on ongoing gaming licensing compliance support to track those swings against the DGE’s suitability requirements.

What the revenue figure does not show operators

The 85.5 million USD net-proceeds figure describes a market that has no open operator licence. Vendors and suppliers enter the market through the Delaware Lottery’s single-provider structure rather than through a standalone commercial licence, while the pillar guide linked above explains how that route works. The figures in this article also cover players physically located in Delaware only, verified by geolocation, and any shared liquidity is limited to poker under the MSIGA framework with states such as the New Jersey iGaming market and the Michigan iGaming market.

Comparing Delaware’s revenue to larger states is a question of market size and licensing model, not licence quality. Suitability review sits with the Division of Gaming Enforcement, and platform vendors preparing a submission often start with platform and RNG testing services before approaching the state. Operators or vendors evaluating a route into Delaware’s structure, or reconciling reported net proceeds against a supplier contract, should book a consultation with DD Consultus before sizing the opportunity.

Frequently asked questions

How much revenue does Delaware iGaming generate?

Delaware iGaming revenue reached about 85.5 million USD in net proceeds for fiscal year 2025, according to the Delaware Lottery. On a gross gaming revenue basis, the American Gaming Association reported about 132.5 million USD for calendar year 2024. Both figures describe the same market using different measurement bases.

What was Delaware iGaming revenue in 2025 compared to 2024?

Fiscal year 2025 net proceeds came to about 85.5 million USD, up 167.7 percent from the 31.9 million USD recorded in fiscal year 2024. The increase follows the December 2023 switch to Rush Street Interactive as the exclusive platform provider.

Why is Delaware’s reported iGaming revenue smaller than New Jersey or Michigan?

Delaware runs a state single-provider model through three racinos rather than an open multi-operator licensing system, and its population base is smaller than larger iGaming states. Delaware also reports net proceeds, a figure already reduced by vendor costs, instead of gross gaming revenue. The scope is limited to players physically located in Delaware, which further caps market size relative to larger states.

What is the difference between net proceeds and gross gaming revenue in Delaware?

Net proceeds is the Delaware Lottery’s own reporting basis: revenue after payouts, promotional credits and the technology provider’s fee and system costs. Gross gaming revenue, the basis the American Gaming Association uses, sits earlier in that flow, before some of those deductions. For 2024, GGR came to about 132.5 million USD while fiscal-year net proceeds came to 85.5 million USD.

How is Delaware iGaming revenue taxed?

Video lottery and slots carry an effective tax rate of about 57 percent under a revenue-share formula, split roughly 42 percent to the racinos, 40 percent to the state, 10 percent to purses and 7 percent to vendor costs after the first 3.75 million USD. Table games are taxed at 15.5 percent plus a 4.5 percent purse supplement. This is a lottery revenue-share model, not a single flat GGR tax.

Who operates Delaware’s online casino?

Rush Street Interactive operates Delaware’s online casino under the BetRivers brand, under an exclusive contract that began with a soft launch in late December 2023. The offer runs only through the state’s three racinos: Delaware Park, Bally’s Dover, and Harrington Raceway and Casino. No open operator skin licence exists.

Where does Delaware’s iGaming money go?

Fiscal year 2025 net proceeds of 85.5 million USD split into about 17.6 million USD to the State General Fund share, 3.7 million USD to horse racing purses, 24.7 million USD to racino seller commissions, and about 39.6 million USD to the technology provider, vendor costs and the State Lottery Fund transfer.

Does a Delaware iGaming licence let an operator serve players in other states?

No. Delaware’s online casino covers players physically located in Delaware only, verified through geolocation. The exception is peer-to-peer poker, where the Multi-State Internet Gaming Agreement allows shared liquidity with Nevada, New Jersey and Michigan, but this does not extend to slots or table games.