Published
Sports Betting

Washington DC sportsbooks see handle drop for second straight month

December 2021 has seen a decline for the second consecutive month for larger sports betting operators in Washington DC, in terms of total wagers accepted. In addition, larger sports betting operators within the city saw a dip in revenue and hold percentages. Whilst, in contrast, the smallest sportsbook in the area continues to rise in terms of success. 

sportsbook

As a total, the district’s four sportsbooks accepted $19.2m from bettors; this represented a 10.3% drop from November’s $21.4m in wagers; and an even larger fall from October which saw a record-setting $26.3m handle.  

Revenue from Washington DC sportsbooks saw a 68.5% drop from November’s $4.4m winnings, down to $1.4m in gross gaming revenue from the $19.2m handle.

Hit the hardest was Caesars by William Hill, a retail sportsbook at Capital One Arena, as well as GambetDC, a local online betting operator. Combined, they possess almost 85% of the market share but both saw a drop in total handle, revenue and hold percentage. 

Caesars gained $572,583 from a handle of $11.4m which equals a 5% hold alongside a drop from the month before. It also recorded a $13.9m handle and a 21.8% hold in November, leading to revenue of $3m

GambetDC also saw declines but of a less dramatic nature to Caesars. It reported a handle of $5m and revenue of $665,718 equally a 13% hold. These stats for December follows a previous month which saw a $5.2m handle, $1.1m revenue and a 20.5% hold. 

Premium+ Connections
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Soft2Bet
Scientific Games
Digitain Malta
Follow Us

Facing Facts: Q3 2024 analysis

Gambling Insider takes a look at the Q3 results of operators...

Taking stock: The final count of 2024

Gambling Insider tracks operator and supplier prices of some...

CEO Special: Flutter CEO Peter Jackson – Playing to win

As the biggest publicly traded operator in gambling meets th...

CEO Special: Holland Casino CEO Petra de Ruiter – High flier

Petra de Ruiter, Holland Casino CEO, speaks to Gambling Insi...

A welcome from your host

A message from the Founder of the Global Gaming Awards and G...

From the event manager

A message from the Event Manager of the Global Gaming Awards...

From the Awards adjudicator

KPMG in the Crown Dependencies is the official voting adjudi...

The process

The Global Gaming Awards have deservingly earned the reputat...