Browse articles by topic

DC sports betting revenue and handle down in April


Sports wagering revenue and handle in Washington DC both declined year-on-year in April, while the market also experienced a month-on-month drop.

Players spent $14.5m betting on sports during the month, down 21.2% from $18.4m in April 2022 and also 19.9% lower than the $18.1m wagered in March this year.

Turning to gross gaming revenue and this reached $1.3m, down 7.1% year-on-year and a drop of 43.4% from April’s total.

Breaking down performance by operator, Gambet, run by the DC Lottery and powered by Intralot, moved back into top spot with $626,273 in revenue from a $5.7m handle.

Caesars Entertainment placed second with $524,245 in revenue from $4.6m in total wagers. BetMGM followed with $138,784 in revenue from $2.5m in bets.

FanDuel, which runs a retail sportsbook at Audi Field, took $684,884 in wagers but posted a loss of $25,773. Grand Central Bar and partner Elys Game Technology generated $60,612 in revenue from a $385,864 handle.

Rounding off the market, Cloakbook, a joint venture between Cloakroom DC and Elys, reported $503 in revenue and an $8,995 handle.