FanDuel takes the lead in Washington D.C.’s sports betting handle
The D.C. Office of Lottery and Gaming reported that the District’s official mobile sportsbook generated $23.2 million of the $29.7 million total handle in June. FanDuel also hauled in $3.6 million in monthly revenue to post a 15% hold for the third consecutive time.
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%. Washington D.C. coffers saw an inflow of close to $1.5 million in tax revenue.