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DC sports betting revenue and handle down in December


Sports betting revenue and handle in Washington DC both declined month-on-month during December, though revenue increased year-on-year.

Player spending for the month amounted to $18.7m, which was 12.6% lower than $21.4m in November and also 3.1% behind the $19.3m wagered in December 2021.

In terms of gross gaming revenue, this reached $2.4m in December, a 7.7% drop from $2.6m in November, but 71.4% up from $1.4m in December of the previous year.

Caesars retained top spot with $932,749 from $6.4m in wagers, ahead of Gambet, operated by the DC Lottery and powered by Intralot, which placed second with $796,140 in revenue despite a higher handle of $6.4m.

Next, Flutter Entertainment’s FanDuel, which runs a retail sportsbook at Major League Soccer team DC United’s Audi Field, posted revenue of $366,528 from $1.6m in total wagers.

BetMGM, which is active in DC via a partnership with MLB team the Washington Nationals, reported $261,835 in revenue and a $4.0m handle.

Grand Central Bar, which is partnered with Elys Game Technology, posted monthly revenue of $52,923 from $397,800 in total wagers.

In addition, Cloakbook, a joint venture between Cloakroom DC and Elys that launched in DC in December, took $1,644 in bets and posted $452 in revenue.