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DC betting revenue dips in May but wagers grow

News

Washington DC sports betting revenue came in at $2.0m in May, an decrease of 3.7% from $2.1m in April, even though the district experienced a positive month for betting handle.

Between William Hill and the DC Lottery’s Gambet brand, customers wagered a total of $13.7m in May, a rise of 28.15% from April.

William Hill, which runs an online mobile sportsbook and has a location at the Capital One Arena, led the way in wagers in May with $10.6m, a 33.3% increase compared to $8.0m in April.

However, gross gaming revenue declined by 11.6% to $1.3m.

Players received $9.3m in prizes from William Hill in May, a 44.1% increase from $6.4m the previous month.

Gambet, which is operated by the DC lottery and is powered by Intralot, brought in $3.0m in wagers in May. This was a rise of 12.9% from April.

Players won $2.4m with Gambet in May, another increase of 11.5% month-on-month. This left revenue of $637,400.