Daily Archives: July 4, 2022

Sports wagering revenue in Washington DC remained level year-on-year in May despite a 25.6% increase in stakes.

Handle for the month amounted to $17.2m (£14.2m/€16.5m), which was up from $13.7m in May of 2021 but 6.5% lower than $18.4m in April this year.

Revenue in May reached $2.0m, which was level with the same month last year and 42.9% higher than $1.4m in April 2022.

Breaking this down by individual operator performance, Caesars retained top spot with some $818,131 in revenue from $7.7m in players bets.

Gambet, which is operated by the DC Lottery and powered by Intralot, was second after paying out $4.3m in winnings from $5.0m in wagers, resulting in $724,451in revenue.

BetMGM, which operates in DC in partnership with Major League Baseball franchise the Washington Nationals, followed with $444,021 in revenue and a $4.0m handle.

Finally, Grand Central Restaurant, Bar and Sportsbook, which offers sports betting via an agreement with Elys Game Technology, placed fourth with $30..

The Virginia Lottery reported a year-on-year rise in both sports betting revenue and handle in May, while the amount wagered by players since the state launched in legal market has now surpassed $5.00bn (£4.13bn/€4.79bn).

Consumer spending for the month reached $351.5m, up 54.9% from $227.0m in May 2021, but 12.0% down from $399.5m in April of this year.

Spending in May meant the amount wagered by players since the state’s legal market opened in January last year stands at $5.33bn. Virginia surpassed $1.00bn in bets in June of last year.

Adjusted gross gaming revenue, which is defined as total bets minus winnings, bouses and promotions and other authorised deductions, jumped 75.2% year-on-year $15.7m to $27.5m.

This amount also represented a 32.2% month-on-month increase from $20.8 in April of this year.

Consumers won a total of $308.9m from sports betting during the month, while $10.0m in bonuses and promotions were issued to players. An additional $5.0m in deductions was also re..