Sports betting revenue in Washington, DC soars in September

0
Sports betting revenue in Washington, DC soars in September

© USA today

Similar to other areas around the country, sports betting in Washington DC saw an upswing in September.

The district had $ 20.7 million in sports betting for the month, up 66.4% from $ 12.4 million in August. BetMGM and Caesars Sportsbook collectively raised $ 17 million in the handle, while GambetDC raised $ 3.7 million in the handle in September.

In June, BetMGM Sportsbook joined Caesars Sportsbook as another non-gambet operator.

Washington DC‘s non-gambet online gross gambling revenues were $ 3.3 million, up 177.1% from $ 1.2 million in August. Gambet’s revenue also rose, reaching $ 595,995 in September, up 94.4% from $ 306,645 in August.

Sports betting tax revenue from non-gambet operators was $ 328,768, also 177.1% more than August’s $ 118,626.

Raised handles across the country

Washington, DC is just the latest area to report a significant surge in grip as of September. New Jersey set a national record, becoming the first state to ever overshadow $ 1 billion, hitting $ 1,011,114,311 in September. The previous national record was $ 996.3 million in December 2020, which also came from New Jersey.

Indiana, Iowa, and Michigan also reported record highs in September. Other states could potentially hit all-time highs in sports betting.

Michigan’s new brand was $ 386.3 million while Indiana’s record is now $ 355.3 million. Iowa hit a new high of $ 210.4 million.

NFL betting is a major contributor to the increase in sports betting across the country. The regular NFL season began in September; The college football betting season is also in full swing.

New highs may continue to hit this fall and winter when the NBA and NHL begin their season in October. The return of college basketball in November should also give general sports betting a boost.

Betting news articles

Share.

Leave A Reply