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DC sports betting handle fall again in June


Consumer spending on sports betting in Washington DC declined for the third consecutive month in June, while revenue also fell month-on-month.

Monthly handle amounted to $11.2m. This was down 10.4% from $12.5m in May this year and 18.8% lower than $13.8m in June 2022.

In terms of gross gaming revenue, this reached $484,672 in May. The total was 75.8% less than $2.0m in May and 51.5% behind $1.0m in Washington DC last year.

Ranking by revenue, Caesars Entertainment retained its grip on top spot in DC. The operator posted $256,861 in revenue from $3.0m in total bets.

Gambet, run by the DC Lottery and powered by Intralot, placed second with $149,085 in revenue. This was despite taking more in bets, with is handle at $5.4m.

Grand Central Bar, which is partnered Elys Game Technology, was next with $43,112 in revenue and a $286,899. Close behind was BetMGM with revenue of $42,184 from $1.7m in bets.

Cloakbook only turned a small revenue of $627 from $11,272. However, FanDuel, which has a retail sportsbook at Audi Field, finished last with a loss of $7,197 from a $511,958 handle.