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DC smashes handle record again in September but revenue struggles

News

Washington DC set a new sports wagering handle record for the second consecutive month in September after players in the market spent $26.3m betting on sports.

Combined revenue from Caesars Entertainment, DC Lottery’s Gambet brand, BetMGM and newcomer Grand Central amounted to $1.6m, which was 54.3% lower than $3.5m in October last year and also 57.9% lower than the record $3.8m posted in September this year.

However, handle climbed 42.2% year-on-year to a new monthly high of $26.3m, surpassing the previous record of $20.7m set in September 2021 by 28.9%.

Breaking down performance by each operator active in Washington DC, Caesars -which has an online mobile sportsbook and a retail sportsbook at the Capital One Arena – led the way again with $926,151 in revenue and a handle of $19.1m.

The Caesars sportsbook was previously operated by William Hill but rebranded after Caesars acquired the UK-based operator in April this year.

Elsewhere, Gambet – which is operated by the DC Lottery and powered by Intralot – was second with $632,572 in revenue and handle of $5.5m.

BetMGM, active in the market via a partnership with Major League Baseball franchise the Washington Nationals, reported a loss of $30,921 after players won $1.54m from $1.51m in wagers.

Grand Central Restaurant, Bar and Sportsbook, which launched in Washington DC at the start of October in partnership with Elys Game Technology, saw revenue reach $42,858 after consumers wagered a total of $208,355 with the operator.