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DC sports betting market continues to decline in January


Sports betting handle and revenue in Washington DC fell month-on-month again in January, while the market also experienced a year-on-year decline.

Player spending in January amounted to $18.5m, down 0.5% from $18.6m last year and also 1.1% lower than $18.7m in December 2022.

Gross gaming revenue for the month reached $1.5m, a 25.0% drop from $2.0m in January of 2022 and 37.5% behind $2.4m in December.

Breaking this performance down by individual operator, Gambet, which is operated by the DC Lottery and powered by Intralot, led the market with $862,723 in revenue from $8.8m in bets.

Caesars followed with $371,851 from $6.4m, then Flutter Entertainment’s FanDuel, which runs a retail sportsbook at Audi Field, with revenue of $236,139 from $1.6m in wagers.

Grand Central Bar, partnered with Elys Game Technology, reported $41,679 in revenue off $401,724 in bets, while Cloakbook, a joint venture between Cloakroom DC and Elys, had revenue of $2,812 from a $10,524 handle.

Finally, BetMGM, which is active in DC via a partnership with MLB team the Washington Nationals, posted a loss of $20,763 off $2.9m in bets.