DC sports betting handle continues downward trend in July

Consumers bet a total of $11.3m (£9.4m/€11.2m) on sports during the month, down 11.7% from $11.3m in July 2021, while the monthly total was also 18.1% lower than $13.8m in June this year.

Gross gaming revenue from sports wagering stood at $1.2m, which was 33.3% lower than $1.8m in July last year, but 20.0% up on June 2022’s total of $1.0m.

Looking at individual operator performances, Caesars again processed the largest amount of bets during the month, posting a handle of $4.3m and $378,662 in revenue.

Gambet, which is operated by the DC Lottery and powered by Intralot, claimed top spot in terms of revenue, as after paying out $2.8m in winnings from $3.3m in bets, this suggested revenue for July was $457,616.

BetMGM, which operates in DC in partnership with Major League Baseball franchise the Washington Nationals, ranked third with $154,732 in revenue from a $2.8m handle.

Flutter Entertainment-owned FanDuel, which only launched in DC on 8 July when it opened a FanDuel-branded retail sportsbook at Major League Soccer team DC United’s Audi Field, posted $127,360 in revenue off a handle of $710,362.

Finally, Grand Central Restaurant, Bar and Sportsbook, which offers sports betting via an agreement with Elys Game Technology, generated $47,840 in revenue from $313,998 in player bets.