Washington, D.C. Sports Betting Hits $66 Million Handle in December 2024
Washington, D.C.’s sports betting market reported a total handle of nearly $66 million in December 2024, with players collecting over $61 million in payouts. Sportsbooks generated $3.9 million in revenue, reflecting a low hold of just 6%. December turned out to be a favorable month for bettors, largely due to NFL results that leaned in their favor, reducing sportsbook profits.
FanDuel – The Market Leader
Here’s a breakdown of how major operators performed during the month.
FanDuel topped the charts in December with $2.9 million in revenue, driven by a massive $34 million handle. Bettors placed over 1.6 million wagers, while payouts totaled $31.2 million. As the exclusive partner of the DC Lottery, FanDuel continues to dominate the local market.
DraftKings earned $0.7 million in revenue during December, thanks to more than 1 million bets placed. The platform handled $15.5 million in wagers and paid out $14.8 million to players.
Fanatics generated $0.2 million in revenue from 65,529 bets placed, with a total handle of $3.3 million. Payouts reached $3.1 million, and the operator contributed $69,302 in taxes. While still growing, Fanatics is steadily carving out a place in the competitive D.C. market.
Other Operators’ Performance
- Caesars: Handled $6.5 million in bets and paid out $6.4 million, earning $122,077 in revenue.
- BetMGM: Managed $6 million in wagers, resulting in $145,907 in revenue after paying $5.8 million in winnings.
Both Caesars and BetMGM are gradually expanding their presence, adding depth to the D.C. betting scene.
January 2025 marked the arrival of ESPN BET, the latest addition to Washington, D.C.’s sports betting roster. Operating as an online-only platform with no physical location, ESPN BET aims to capitalize on the city’s growing enthusiasm for legal wagering.
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