Caesars Entertainment continued to lead the Washington DC sports betting sector in October, although the market as a whole saw a decline in stakes and revenue compared to last year.

Gamblers in Washington DC wagered $16.4 million (£13.2 million/€15.1 million) on sports betting in October. This was 33.9% less than $24.8 million in the same month last year, but 13.1% more than $14.5 million in September 2023.

Gross gaming revenue was $2.0 million. The total was 35.5% below last year’s $3.1 million and only slightly higher than September’s $1.9 million.

Caesars takes first place in October

When performance was broken down by individual licensed operator, Caesars remained the market leader. Caesars took the lead in August and also held off the competition in Washington DC in October.

In total, Caesars processed $6.0 million in bets and recorded $964,606 in revenue for the month.

Gambet, operated by the DC Lottery and backed by Intralot, was the previous frontrunner in Washington DC. In October, $5.7 million in bets were made and $663,573 in sports betting revenue was generated.

The best of the rest in Washington DC

BetMGM, the joint venture between Entain and MGM Resorts, reported $3.3 million in revenue and $225,712 in revenue. Flutter Entertainment’s FanDuel followed with earnings of $774,424 and revenue of $140,930.

Grand Central, along with its partner Elys Game Technology, were the only other operators to post positive revenue. After placing $649,719 in bets in October, total earnings from the partnership reached $22,392.