Washington, D.C.’s Office of Lottery and Gaming reported total sports betting handle of nearly $16 million for January, a sharp year-over-year decline as the City Council continues to ponder the fate of GambetDC.
Handle was down 20.7% from the first month of 2023, with the $7.2 million worth of wagers accepted by GambetDC representing an 18.5% decline. BetMGM was the only operator among the four Class A licensees to post a year-over-year increase — its $3.3 million handle was up 15.8%.
Despite the downturn in wagering activity, sports betting revenue surged almost 30% to $1.9 million, thanks to a district-wide hold of 12.1%. GambetDC generated $690,000 in adjusted gross revenue, but that was down 20% from January 2023. BetMGM had a 13.9% win rate to claim $461,000 in winnings, while Caesars’ hold neared 13% and resulted in $579,000 worth of revenue.
