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Washington DC sports betting market declines year-on-year in October

| By Robert Fletcher
Caesars Entertainment continued to lead the Washington DC sports betting sector during October, although the market as a whole posted a year-on-year decline in handle and revenue.
Washington DC October

Players in Washington DC wagered $16.4m (£13.2m/€15.1m) on sports in October. This was 33.9% lower than $24.8m in the same month last year but 13.1% higher than $14.5m in September 2023.

As for gross gaming revenue, this amounted to $2.0m. The total was 35.5% behind last year’s $3.1m and only marginally ahead of $1.9m in September.

Caesars holds first place in October

Breaking down performance by each licensed operator, Caesars remained the market leader. Caesars took the lead back in August and continued to hold off competition in Washington DC during October.

In total, Caesars processed $6.0m in bets and posted $964,606 in revenue for the month.

Gambet, run by the DC Lottery and powered by Intralot, was the previous frontrunner in Washington DC. For October, it took $5.7m in bets and generated $663,573 worth of sports wagering revenue.

Best of the rest in Washington DC

Elsewhere, BetMGM, the joint venture between Entain and MGM Resorts, posted a $3.3m handle and $225,712 in revenue. Flutter Entertainment-owned FanDuel followed with a $774,424 handle and $140,930 in revenue.

Grand Central, along with partner Elys Game Technology, was the only other operator to post positive revenue. After taking $649,719 in bets during October, total revenue from the partnership hit $22,392.

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