DC smashes handle record again in September but revenue struggles
| By Robert Fletcher
Washington DC set a new sports wagering handle record for the second consecutive month in September after players in the market spent $26.3m (£19.6m/€23.1m) betting on sports.
Combined revenue from Caesars Entertainment, DC Lottery’s Gambet brand, BetMGM and newcomer Grand Central amounted to $1.6m, which was 54.3% lower than $3.5m in October last year and also 57.9% lower than the record $3.8m posted in September this year.
However, handle climbed 42.2% year-on-year to a new monthly high of $26.3m, surpassing the previous record of $20.7m set in September 2021 by 28.9%.
Breaking down performance by each operator active in Washington DC, Caesars -which has an online mobile sportsbook and a retail sportsbook at the Capital One Arena – led the way again with $926,151 in revenue and a handle of $19.1m.