Washington, D.C. saw record-breaking growth in its sports betting industry in May, with the sports betting handle reaching $35.4 million, a 183% increase compared to the previous year. The introduction of new operators, such as FanDuel, played a key role in this exponential growth, with the company’s sports betting app for the D.C. Lottery capturing 84% of the market share.
FanDuel’s strong performance in May, its first full month as the D.C. Lottery’s primary sports betting operator, contributed significantly to the record-setting figures for the DC sports betting handle. Other operators, such as Caesars and BetMGM, also reported significant wagers, indicating a growing and competitive market in Washington, D.C.
The inclusion of the Sports Wagering Amendment Act of 2024 in the Fiscal Year 2025 budget by the Washington D.C. Council further paves the way for the expansion of the sports betting market in the district. This budget, once approved, will allow multiple sports betting apps to operate in the district, creating a more competitive online gambling market.
With the potential approval of the budget and the expansion of online betting options by companies like BetMGM and Caesars Sportsbook, residents of Washington, D.C. can look forward to an easier and more diverse betting experience in the future. For more betting news, odds analysis, and updates, visit Point Spreads Sports Magazine.
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