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DC sports betting handle and revenue up in March


Sports wagering handle and revenue in Washington DC both increased year-on-year during March, while the market also experienced month-on-month growth.

Consumer spending on betting for the month amounted to $18.1m, which was 19.1% higher than $15.2m in March 2022 and also 43.7% up from $12.6m in February of this year.

In terms of gross gaming revenue from sports wagering, this reached $2.3m, an increase of 64.3% from $1.4m in March last year and 91.7% ahead of $1.2m in February.

Caesars Entertainment claimed top spot in the DC market with $912,090 in revenue from $6.5m in total wagers for the month.

Gambet, operated by the DC Lottery and powered by Intralot, was second with revenue of $860,922 and a $6.5m handle, ahead of BetMGM with $296,738 in revenue from $2.1m in bets.

Flutter Entertainment-owned FanDuel, which runs a retail sportsbook at Audi Field, was next with revenue of $157,505 off $949,055 in wagers, then Grand Central Bar and partner Elys Game Technology with $38,343 from $395,684.

Finally, Cloakbook, a joint venture between Cloakroom DC and Elys, reported $10,093 in revenue and a $27,827 handle.