In December 2023, player spending on sports betting in Washington DC fell to $15.3 million, a decrease of 18.2% from the previous year. Despite the decrease in spending, the gross gaming revenue (GGR) was up 4.2% year-on-year and 108.3% month-on-month, reaching $2.5 million in December.

Caesars remained the leading operator in the DC market, bringing in $889,481 from $5.3 million in total sports bets in December. Gambet, operated by the DC Lottery and powered by Intralot, took in more bets than Caesars with a total of $5.7 million wagered. However, after paying out $4.9 million in winnings, Gambet only saw a GGR of $837,595.

FanDuel, owned by Flutter Entertainment, had a successful month, reporting $446,410 in revenue from $1.1 million in bets, with a hold percentage of 41.5%. BetMGM, on the other hand, took in $2.8 million in bets but was only able to post $284,980 in revenue, placing behind FanDuel in the monthly rankings.

Other operators in DC included Grand Central and partner Elys Game Technology, who posted $72,627 in revenue from $417,402 in sports wagers. Cloakbook rounded off the market with $2,508 in revenue from $13,300 in total wagers, with a hold percentage of 18.9%, among the highest in DC.

Overall, while player spending on sports betting in Washington DC fell in December, the GGR was up compared to the previous year and the previous month. Caesars retained its lead in the market, while FanDuel outperformed BetMGM despite processing fewer bets. This indicates a dynamic and competitive sports betting market in Washington DC.

By admin