Revenue in Washington DC fell 38.6% in November

Washington DC’s GGR fell to $1.2 million (£942,086/1.1 million euros) in November, well behind September’s $1.9 million and October’s $2 million back.

GGR was reduced, although total handle increased to $17.1 million from $16.4 million in October.

It was a great month for bettors, with an average retention rate of just 7.17%. As a result, tax revenue fell to $122,801, the lowest level since August.

Washington DC continues to stagnate

Washington’s November handle fell 20.1% year-over-year, receiving $21.4 million in bets in November 2022.

GGR decreased 53.8% from $2.6 million in November 2022. Washington’s tax revenue in November was $122,801, significantly lower than $264,169 in the same month last year.

This follows the trend as the sports betting market in Washington DC was also down year-on-year in October.

Despite the disappointing November report, the numbers are still an improvement compared to August this year. when only $8.1 million was bet in Washington DC.

Caesars and Gambet fight over it

Although November’s average sales of 6.34% lags behind the Washington DC average of 7.17%, Caesars Sportsbook remains a strong competitor in the state.

Caesars reported $6.1 million in sales last month, well ahead of BetMGM at $3.9 million and Flutter Entertainment’s Fanduel at $804,438. Notably, it returned a better return than the $5.9 million Gambet operated by DC Lottery and operated by Intralot.

Caesars overtook Gambet in August, but Caesars’ November GGR of $384,907 fell short of Gambet’s $469,457.

Although Caesars retained its top spot, it followed the state’s trend of declining year-over-year. His handle was 9.9% lower than in November 2022, while his GGR was less than half of the $919,830 he accumulated in the same month last year.