The handle for sports betting in Washington DC and the revenue from it fell month-on–month in January. Meanwhile, the market experienced a decline year-on–year.
January player spending was $18.5m. This is 0.5% less than $18.6m last December, and 1.1% lower that $18.7m December 2022.
The month’s gross gaming revenue was $1.5m. This is a 25% drop in revenue from $2.0m in January 2022, and 37.5% less than $2.4m in December.
This market performance was broken down by operator. Gambet, operated by DC Lottery and powered By Intralot, led with $862,723 revenue from $8.8m of bets.
Caesars was next with $371,851 starting at $6.4m. Flutter Entertainment’s FanDuel then followed, with $236,139 in revenue from wagers of $1.6m.
Grand Central Bar was partnered with Elys Game Technology and reported $41,679 in revenues off 401,724 bets. Cloakbook, a joint venture of Cloakroom DC, Elys and Cloakroom, generated $2,812 at a $10,524 handle.
BetMGM, which has a partnership in DC with MLB team, the Washington Nationals posted a loss in DC of $20,763 on $2.9m in bets.