delaware parlay sports betting revenue tax

The Best Delaware Online Sports Betting Sites List 2023Ĭurrently, online and mobile sports betting in Delaware is restricted.

2018: A sports betting bill is passed for the first time in Delaware, legalizing it in person and online.2012: Delaware approves online poker and casino iGaming.2009: Players can legally place parlay style bets, as these are classified under lotteries.1994: The Horse Racing Preservation Act passes, benefitting the state of the sport within Delaware.Below is a short timeline of sports betting and gambling in Delaware. Tax Funded: Horse racing (10%), Casino (40%), State (50%)ĭelaware Online Sports Betting and Gambling TimelineĪs a state, Delaware has been working on a range of rules and regulations concerning sports betting and gambling in general.Estimated Sports Betting Revenue: $4,408,080.Horse racing: Inland (online and at racetracks) and Offshore.College Sports Betting: Inland (not allowed on instate teams or games played in-state), offshore (no restrictions).Live/In-Play Betting: Retail sites and offshore sites.Online Sportsbooks: Offshore sites only (legal inland but no current options).Minimum Sports Betting Age in Deleware: 21 (inland), 18 (through offshore sites).Legal Sports Betting: Yes inland and offshore.The current sports betting market in the state is outlined below. Most of the sports bets placed in Deleware are currently via offshore sites as although both retail and online sports betting are legalized there are only 3 retail locations and no current domestic online sportsbooks in the state.

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Delaware parlay sports betting revenue tax