Delaware Considering Sports Betting

Delaware already has slot machine parlors and racinos, so why not add sports betting to the mix? The News Journal suggests that it is the next smart step for gambling in the state, and that it would bring in more patrons to the slot machine parlors and the racinos as well.

Officials say that by adding sports betting to their legalized betting options, that they could help the state compete with the casinos that have been opening in Pennsylvania and elsewhere. They also argue that it has the potential to bring in another $70 million in tax revenue to the state. Of that amount, $9.3 million would be just from the sports betting, and the rest would be from those who came for sports betting and stayed to play slot machines – hence bringing in more revenue.

Many gambling experts think that the amount of money that they are allotting to the slot machine runoff, if you will, is way over inflated. They say that they find it hard to believe that that many slot machine players will come out of sports betting. They say that when it comes to gambling, most gamblers will stick with what they know and what they like – they say there isn’t a lot of sports betters playing slot machines and vice versa.

Experts also say that since the majority of a casino’s business is generated by only about 20% of their customers, and those customers are usually only interested in the slot machines. They say that for the report to suggest that they would be bringing in that many more people to make a difference that it is grossly misleading.

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