Browse articles by topic

DC sports betting handle continues downward trend in July


Washington DC’s sports betting handle declined for the second consecutive month in July, while both revenue and player spending in the market fell year-on-year.

Consumers bet a total of $11.3m on sports during the month, down 11.7% from $11.3m in July 2021, while the monthly total was also 18.1% lower than $13.8m in June this year.

Gross gaming revenue from sports wagering stood at $1.2m, which was 33.3% lower than $1.8m in July last year, but 20.0% up on June 2022’s total of $1.0m.

Looking at individual operator performances, Caesars again processed the largest amount of bets during the month, posting a handle of $4.3m and $378,662 in revenue.

Gambet, which is operated by the DC Lottery and powered by Intralot, claimed top spot in terms of revenue, as after paying out $2.8m in winnings from $3.3m in bets, this suggested revenue for July was $457,616.

BetMGM, which operates in DC in partnership with Major League Baseball franchise the Washington Nationals, ranked third with $154,732 in revenue from a $2.8m handle.

Flutter Entertainment-owned FanDuel, which only launched in DC on July 8 when it opened a FanDuel-branded retail sportsbook at Major League Soccer team DC United’s Audi Field, posted $127,360 in revenue off a handle of $710,362.

Finally, Grand Central Restaurant, Bar and Sportsbook, which offers sports betting via an agreement with Elys Game Technology, generated $47,840 in revenue from $313,998 in player bets.