In October, Caesars Entertainment maintained its position as the leader in the Washington DC sports betting market, despite a decline in overall handle and revenue. According to data released by the DC Office of Lottery and Gaming, sports bettors in Washington DC wagered a total of $16.4 million in October. This represented a 33.9% decrease from the $24.8 million wagered in the same month last year. However, it also marked a 13.1% increase from the $14.5 million wagered in September 2023.

The gross gaming revenue for October was reported to be $2.0 million, which was a 35.5% decline from the $3.1 million reported in the previous year. It was only slightly higher than the $1.9 million in revenue generated in September.

Caesars maintained its top position in the market, processing $6.0 million in bets and earning $964,606 in revenue for the month. Gambet, operated by the DC Lottery and powered by Intralot, followed closely with $5.7 million in bets and $663,573 in revenue.

Other operators in the Washington DC market included BetMGM, the joint venture between Entain and MGM Resorts, which reported a $3.3 million handle and $225,712 in revenue. FanDuel, owned by Flutter Entertainment, also had a presence in the market, with a $774,424 handle and $140,930 in revenue.

The partnership between Grand Central and Elys Game Technology was the only other operator to post positive revenue, with a total of $649,719 in bets and $22,392 in revenue during October. Despite the overall decline in handle and revenue, Caesars’ continued success in the Washington DC sports betting market suggests that it remains a top player in the industry.

By admin