FanDuel continues to make the most of its expansion into Washington D.C. as the official sportsbook of the DC Lottery, posting its third consecutive hold of 15% or higher in June, according to figures released by the state agency.
FanDuel, which was sub-contracted to conduct sports betting by Intralot and began taking bets in that capacity in mid-April, accounted for just over 90% of the near-$4 million won by sportsbooks across the district in June. Its $23.2 million in handle represented more than 78% of the $29.6 million worth of bets placed.
Overall, handle was up 165.7% from June 2023 while revenue skyrocketed nearly eight-fold. The district-wide hold of 13.5% on all wagers marked the sixth time in the last seven months it was above 10%.
