Washington DC’s sports betting gross revenue and handle both declined year-on-year in June despite an increase in the number of operators active in the market.
Player spending during the month amounted to $13.8m, down 29.3% from $19.5m in June of last year and also 19.8% lower than $17.2m in May 2022.
Gross gaming revenue from sports betting reached $1.0m, less than half the $2.2m posted in the same month in 2021 and also down from $2.0m in May this year.
The year-on-year declines came despite the DC market now having five active operators, whereas in June 2021, there were just three brands taking sports bets.
Caesars processed the largest number of bets during the month, reporting a total handle of $6.0m and posting $409,057 in revenue.
Gambet, which is operated by the DC Lottery and powered by Intralot, placed second after paying out $3.3m in winnings from $53.8m in wagers, resulting in $444,635 in revenue.
BetMGM, which operates in DC in partnership with Major League Baseball ..
