Browse articles by topic

DC sports betting revenue up in October despite year-on-year handle decline


Revenue from sports wagering in Washington DC jumped 93.8% year-on-year in October despite a fall in player spending.

Gross gaming revenue was $3.1m, comfortably higher than $1.6m in the same month last year but 13.9% down from $3.6m in September of this year.

However, in terms of handle, the $24.8m bet by players in October was down from $26.3m in the corresponding month in 2021 but 27.8% higher than the $19.4m that was wagered in September this year.

Caesars again claimed top spot in DC with $1.3m in revenue from $8.2m in total player bets during the month, ahead of Gambet, operated by the DC Lottery and powered by Intralot, with revenue of $838,108 and a $7.5m handle.

BetMGM, which operates in DC via a partnership with MLB team the Washington Nationals in DC, was next with $461,357 in revenue off $6.9m in wagers.

Flutter Entertainment’s FanDuel, which runs a FanDuel-branded retail sportsbook at Major League Soccer team DC United’s Audi Field, followed with $433,817 in revenue and a $1.7m handle.

Finally, Grand Central Bar, which offers sports betting in DC in partnership with Elys Game Technology, posted $103,555 from $531,635 in sports wagers.