Washington, D.C. Sports Betting Revenue Up Big in September

Washington, D.C. Sports Betting Revenue Up Big in September
© USA Today

Similar to other areas across the country, Washington D.C. sports betting saw a boost in September.

The District had a sports betting handle of $20.7 million for the month, up 66.4% from August’s $12.4 million. BetMGM and Caesars Sportsbook combined for $17 million of the handle, while GambetDC recorded $3.7 million of September’s handle.

In June, BetMGM Sportsbook joined Caesars Sportsbook as the other non-Gambet operator.

Washington D.C.’s non-Gambet online gross gaming revenue was $3.3 million, an increase of 177.1% from August’s $1.2 million. Revenue for Gambet was also up, coming in at $595,995 for September, up 94.4% from August’s $306,645.

The sports wagering tax revenue from non-Gambet operators was $328,768, also up 177.1% from August’s $118,626.

Increased Handles Across the Country

Washington, D.C. is just the latest area to report a substantial increase in handle from September. New Jersey set a national record, becoming the first state to ever eclipse $1 billion in handle, reaching $1,011,114,311 in September. The previous national record was $996.3 million in December 2020, which was also from New Jersey.

Indiana, Iowa and Michigan also reported record handles in September. More states could potentially reach sports betting handle all-time highs.

Michigan’s new mark was $386.3 million, while Indiana’s record is now $355.3 million. Iowa reached a new handle high at $210.4 million.

NFL betting is a major factor in the increase in sports betting across the country. The NFL regular season started in September; the College football betting season is also in full swing.

New highs may continue to be set this fall and winter with the NBA and NHL beginning their seasons in October. College basketball’s return in November should also provide a boost to the overall sports wagering handles.