DC sports betting bounces back in August as handle reaches $13.1m

Player spending for the month amounted to $13.1m (£11.9m/€13.4m), which was 15.9% higher than $11.3m in July and also 5.7% up from $12.4m in August of last year.

Gross gaming revenue from sports betting during the month reached $1.8m, comfortably surpassing the $1.2m generated in July this year by 50.0%, while this was also 20.0% higher than $1.5m in August 2021.

In terms of individual operator performances, Caesars once again claimed top spot in the DC market with $683,326 off a handle of $5.7m.

Gambet, which is operated by the DC Lottery and powered by Intralot, ranked second with $557,987 in revenue from $3.4m in player spending. BetMGM, which operates in DC in partnership with MLB team the Washington Nationals, was next with revenue of $362,462 from a $2.5m handle.

Next, Flutter Entertainment’s FanDuel, which opened a FanDuel-branded retail sportsbook at Major League Soccer team DC United’s Audi Field in July, followed with $170,938 worth of revenue and a $1.0m handle, in what was its first full month of operation in DC.

Finally, Grand Central Restaurant, Bar and Sportsbook, which offers sports betting via an agreement with Elys Game Technology, posted $57,973 in revenue from $450,500 in bets.