Daily Archives: November 17, 2023

Washington DC sports betting market declines year-on-year in October

Caesars Entertainment continued to lead the Washington DC sports betting sector during October, although the market as a whole posted a year-on-year decline in handle and revenue.

Players in Washington DC wagered $16.4m (£13.2m/€15.1m) on sports in October. This was 33.9% lower than $24.8m in the same month last year but 13.1% higher than $14.5m in September 2023.

As for gross gaming revenue, this amounted to $2.0m. The total was 35.5% behind last year’s $3.1m and only marginally ahead of $1.9m in September.

Caesars holds first place in October

Breaking down performance by each licensed operator, Caesars remained the market leader. Caesars took the lead back in August and continued to hold off competition in Washington DC during October.

In total, Caesars processed $6.0m in bets and posted $964,606 in revenue for the month.

Gambet, run by the DC Lottery and powered by Intralot, was the previous frontrunner in Washington DC. For October, it took $5.7m in bets and generated $663,57..

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Fanatics continues PointsBet US takeover with West Virginia launch

The Fanatics Betting and Gaming (FBG) subsidiary of Fanatics Holdings has announced the launch of its online sportsbook in West Virginia, with customers in the Mountain State switching over from the existing PointsBet platform.

West Virginia consumers can now download the Fanatics Sportsbook app and begin placing bets.

Fanatics Betting and Gaming (FBG) will also pilot its new online casino in West Virginia, with this being embedded in the Fanatics Sportsbook app. The product features a range of slot titles and table games such as roulette and blackjack.

The Fanatics Sportsbook replaces the existing PointsBet brand in the state. Players registered with PointsBet in West Virginia will be automatically migrated to the Fanatics Sportsbook.

Existing PointsBet users can login to the Fanatics Sportsbook using their original credentials. The migration includes their username, password, account balance, rewards points and responsible gaming settings.

Fanatics edging closer to full Points..

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