Washington posts strong sports betting revenue in February

Sports Betting

The Washington D.C. Office of Lottery and Gaming, along with D.C. Lottery, reported all-time monthly highs of $8.1 million in sports betting revenue and $59.5 million handle FOR February.

FanDuel surpassed $27 million in revenue for the second time since being unleashed beyond Audi Field, totaling close to $4.4 million while notching a 14.4% win rate from a record $30.5 million handle. 

The OLG reported its numbers Tuesday, while D.C. Lottery had reported its monthly figures for GambetDC earlier. The access to mobile sports betting in the nation’s capital increased dramatically over the Super Bowl after the Sports Wagering Amendment Act of 2024 was included in the District’s budget for Fiscal Year 2025.

The $8.1 million in operator winnings smashed the previous record of $5.4 million established in May when FanDuel first entered the market operating on behalf of the D.C. Lottery.

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