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Margins help DC Lottery close revenue gap with William Hill in February


DC Lottery’s Gambet sports betting product closed the revenue gap with William Hill in the US capital, but this came mostly due to a decline in the latter’s margins.

The two operators combined to bring in $1.3m on bets worth $15.3m.

Gambet, operated by the DC Lottery and powered by Intralot, saw players place 124,362 wagers, worth a combined $4.2m, down 19.7% from January

From these wagers, players won $3.6m, leaving $600,305 in revenue, down 25.6% month-on-month.

William Hill, which operates both a retail location at the Capital One Arena and a mobile sportsbook available to players within two blocks of the venue, meanwhile, saw players stake $11.1m, up 4.7%, across 128,002 bets. 

William Hill has seen more bets and taken in more revenue than Gambet in every month since it began taking bets in July 2020, and despite the lottery app’s two-month head start.

With players winning $10.4m, the operator’s revenue was $732,713, a 61.4% decline to the lowest figure for a full month since it launched in the District. As a result, William Hill paid $73,721 in tax.