Washington DC’s sports betting market experienced significant growth in March, with a total handle of $18.1 million. This figure represents a substantial increase of 19.1% compared to March 2022 ($15.2 million) and a remarkable 43.7% surge from February 2023 ($12.6 million).
Impressive Revenue Gains
The month of March also witnessed substantial revenue gains, with gross gaming revenue reaching $2.3 million. This impressive figure represents a 64.3% increase when compared to March 2022 ($1.4 million) and a substantial 91.7% surge from February 2023 ($1.2 million).
Market Leaders
Caesars Entertainment emerged as a market leader in Washington DC’s sports betting landscape, achieving $912,090 in revenue from a handle of $6.5 million. Following closely behind was Gambet, operated by the DC Lottery and powered by Intralot, with revenue totaling $860,922 from the same $6.5 million handle.
BetMGM also made a significant impact, generating $296,738 in revenue from a handle of $2.1 million. Additionally, Flutter Entertainment’s FanDuel, which operates a retail sportsbook at Audi Field, secured $157,505 in revenue from a handle of $949,055.
Other noteworthy contributors to the market included Grand Central Bar, partnered with Elys Game Technology, reporting $38,343 in revenue from a handle of $395,684. Cloakbook, a joint venture between Cloakroom DC and Elys, reported $10,093 in revenue from a handle of $27,827.
March proved to be a highly successful month for Washington DC’s sports betting industry, with a substantial increase in both the total handle and gross gaming revenue. The market’s resilience and growth indicate a strong appetite for sports wagering in the nation’s capital, making it an exciting space to watch in the coming months.