FanDuel generates $1.9m in first month revenue for DC
The DC OLG approved the launch of FanDuel’s mobile sportsbook as the District’s new official sports wagering platform in April.
The DC Office of Lottery and Gaming (OLG) announced the financial results of FanDuel sportsbook in the District throughout its first month of operation. During its first 30 days of operation, the FanDuel mobile sportsbook app and website generated approximately $30m in handle (dollars wagered) and $5m in gross gaming revenue.
In April 2024, OLG approved the launch of FanDuel’s mobile sportsbook as the District’s new official sports wagering platform. In its first month, customer usage on the platform created a 673% increase in handle and an 887% increase in gross gaming revenue year-over-year.
Thel conversion to FanDuel gives the District a 40% share of gross gaming revenue, equating to an estimated $1.9m in revenue for Washington DC, an increase of 690% over the same period last year.
“The transition to FanDuel, the market leader in mobile sports wagering, ensures the long-term viability of mobile sports wagering in the District,” OLG Executive Director Frank Suarez said.
“In addition to a 40% share of gross gaming revenue and a guarantee of $5m in revenue in its first year, the FanDuel partnership brings the benefits of a respected brand, commitment to responsible gaming, an established user base and a superior sports wagering experience for District residents and visitors. FanDuel’s first 30 days have not only met, but exceeded, expectations.”
From September 2023 through February 2024, the District’s per capita sports wagering revenue was $2.71. Based on FanDuel’s first 30 days of operation, the District’s per capita sports wagering revenue may rise to over $19, placing it among the highest revenue generating markets in the country on a per capita basis.
FanDuel officially went live in Washington DC on April 15, replacing the GambetDC app residents used prior.
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