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DC sports betting revenue slips to 10-month low in December


Gross gaming revenue from sports betting in Washington DC reached $1.4m in December 2021, the lowest monthly amount since February of the same year.

Revenue for the month was 48.2% down from $2.7m in December 2020, while the total was also 65.9% lower than the record $4.4m set in November of 2021.

Player spending on sports betting amounted to $19.3m, which was 15.6% higher than in the previous year, but 8.5% down from November.

Gambet, operated by the DC Lottery and powered by Intralot, took top spot with $665,718 in revenue off a handle of $5.0m

Caesars, which operates an online mobile sportsbook and a retail sportsbook at the Capital One Arena, ranked second with $575,583 in revenue, despite having a much higher handle of $11.4m.

Grand Central Restaurant, Bar and Sportsbook, which joined the market in October via a partnership with Elys Game Technology, posted $91,709 off a handle of $735,386.

BetMGM, active in DC via a partnership with Major League Baseball team the Washington Nationals, posted $68,615 in revenue after players wagered $2.2m.

For the fiscal year to date, revenue for the three months through to the end of December was $7.4m, with handle reaching $66.9m.

Caesars led the way with $4.5m in revenue and a handle of $44.3m, ahead of the DC Lottery and Gambet with $2.4m in revenue off a $15.8m handle.

Revenue at BetMGM stood at $294,112 and handle $5.4m, while Grand Central posted $201,723 in revenue and a handle of $1.4m.