Washington, D.C.: Lottery sports betting handle up, revenue down in January

With its monthly high of nearly $8.8 million, handle in January 2023 was also higher compared to the same month the year prior. In January 2022, the amount wagered equaled $ 5,7 million.

The Lottery’s GambetDC also revealed fiscal year-to-date numbers. The year-to-date total amount played was $29,294,801, with $25.9 million won and 917,796 bets placed. Although the sports betting handle was up in January, the revenue was down. In fact, January 2022 revenue ($952,918.39) was higher than January 2023 (862,722.53).

DC Lottery reports strong sports betting handle in January 2023

According to the DC Lottery report, the total amount played in January 2023 was $8,777,454. The amount won was $7.9 million while there were 225,476 bets.

That’s a significant increase from December 2022, during which the sports betting handle was $6,405,452. Winnings equaled $5.6 million with 205,571 wagers placed.

November figures were better than December numbers, with the betting handle still lower than in January. Washington DC players wagered $6,583,194 in November while placing 236,064 bets. The total winnings amount was $5,739,676.

The betting handle in October totaled $7,528,701, with almost $6.7 million won and 250,685 bets placed.

DC sports betting revenue and handle also declined in December

Washington DC sports betting revenue and handle both declined month-over-month during December. Meanwhile, the state’s generated revenue increased on a year-on-year basis.

Washington DC player spending for December equalled $18.7 million which was 12.6% lower than the $21.4m generated in November 2022.

Compared to last year, that mark is also 3.1% less than the $19.3m wagered in December 2021. When it comes to gross gaming revenue, it reached $2.4m in December 2022. The figure is also a 7.7% drop from $2.6m in November.

However, the state’s generated revenue was 71.4%, up from $1.4m in December 2021.