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DC sports betting handle continues decline in May


Player spending on sports betting in Washington DC fell again in May, though revenue was up month-on-month.

Handle for the month stood at $12.5m, which was 27.3% lower than $17.2m in May 2022 and also 17.2% down from $14.5m in April this year.

However, gross gaming revenue in May amounted to $2.0m, level with the same month last year and double the $1.0m generated in April.

Caesars Entertainment claimed top spot in revenue terms after collecting $818,817 from a $4.6m handle.

Gambet, run by the DC Lottery and powered by Intralot, took more in wagers ($5.4m) but slipped from top spot as revenue totaled $711,282.

BetMGM was next with $315,548 in revenue from a $1.5m handle. FanDuel, which has a retail sportsbook at Audi Field, followed with revenue of $87,029 off $564,386 in bets.

Grand Central Bar and partner Elys Game Technology posted $86,903 in revenue after taking $386,459.

Finally, the Cloakbook joint venture between Cloakroom DC and Elys posted $5,224 worth of revenue from a $14,940 handle.