FanDuel became the District’s sole source for online sports betting earlier this year.
FanDuel went live on April 15 in the Nation’s Capital, replacing struggling GambetDC as the only online sportsbook in D.C.FanDuel itself collected $29.73 million in wagers in May, helping the total D.C. sports betting handle reach $36.34 million for the month. Total revenue hit $5.63 million thanks to a 15.5% hold. Both the overall handle and revenue metrics were the best all-time.
Nation’s Capital coffers enjoyed an all-time monthly high of $544.600 in tax earnings, bringing the year-to-date total to $1.4 million. FanDuel’s tallied $4.86 million in revenue on a 16.4% hold, accounting for 89% of the District’s revenue in May as well as 84% of its handle. Caesars operates a retail sportsbook at Capital One Arena, and collected $2.73 million worth of wagers but only earned $145,800 in winnings due to a 5.35% hold.
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