Home » DC sports betting revenue dwarves previous numbers month after new contractor: Report

DC sports betting revenue dwarves previous numbers month after new contractor: Report

In just one month, the company now managing most sports betting in DC brought in nearly half as much revenue for the city as DC had received in the previous three and a half years, according to a report on Tuesday.

FanDuel, who now oversees sports wagering for the District, announced Tuesday it had brought in $1.9 million in revenue in its first 30 days of operation starting in mid-April.

PREVIOUS COVERAGE | DC approves FanDuel for sports wagering to boost city’s betting revenue

From 2020 to early this year, the city’s previous gambling platform, GambetDC, had only brought in $4.3 million total – about $80 million below what was projected, based on numbers from D.C.

Before FanDuel took over, the city and its contractor Intralot had faced heavy criticism for launching their own app instead of going with an established company.

The transition to FanDuel was approved in March at a time when the city’s sports betting revenue was minuscule compared to neighboring Maryland and Virginia.

FanDuel is projecting it will bring the city $119 million in tax revenue over the next five years.