DC sports betting revenue fell in June

DC sports betting revenue fell in June

In June of last year, player spending was $19.5m, and in May of this year, it was $17 million.

The gross gaming revenue from sports betting was less than half of what it was in the same month in 2021, and also less than what it was in May this year.

The year-on-year declines came despite the DC market now having five active operators, whereas in June 2021, there were just three brands taking sports bets.

During the month, Caesars processed the largest number of bets, with a total handle of $ 6.0 million and revenue of $400,000.

Gambet, which is powered by the DC Lottery, placed second after paying out $3.3m in winnings from $53.8m in wagers, resulting in $444,000 in revenue.

BetMGM, which operates in DC in partnership with the Washington Nationals, had $106,589 in revenue from $3.6 million in bets.

The Grand Central Restaurant, Bar and Sportsbook, which offers sports betting via an agreement with Elys Game Technology, placed fourth in revenue off a $400,000 handle.

FanDuel reported $717 in revenue and the same figure for its handle. The operator didn’t officially launch in DC until July 8th, but took some bets that didn’t pay out before that.

The home of DC United became the first Major League Soccer stadium to feature a sportsbook facility.

Summary:

In June of last year, player spending was $19.5m, and in May of this year, it was $17 million. The gross gaming revenue from sports betting was less than half of what it was in the same month in 2021, and also less than what it was in May this year.