online betting apps to the state failed to become law.
The state’s legislative session concluded at the end of June, meaning BetRivers) that’s currently operational. Operators would have faced an 18% tax rate.
“We know this is an industry that is continuing to grow,” Rep. Franklin Cooke said in an April statement when the bill was introduced. “Having looked closely at other implementation models and studying data from other states, I’m confident we’re more than ready to get this bill through the legislature and onto the governor’s desk.”
Despite thorough research into the bill’s creation, it never gained enough traction in the legislature to become law.
BetRivers Maintains Monopoly 6f2d1o
BetRivers is the only sports betting app currently legal in Delaware, and the lack of legislative change is a win for the operator. If the market expanded, it’s possible more well-known FanDuel, would have entered the state’s online betting market.
While BetRivers dodges increased competition for the time being, it’s possible Delaware legislators revisit the topic in a future legislative session.
Legislators leading the push for a change did so in part for customers, who benefit when an online sports betting market includes competition. Typically, increased competition can ensure better odds and promotions for consumers, and an array of betting apps can lead to increased tax revenue totals for jurisdictions.
