Sports News
| Published On Jan 18, 2025 12:23 am CET | By Daniel Li

December Sports Betting Handle Nears $66 Million in DC

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Sports betting activity in the District of Columbia saw a strong performance in December, with the total handle approaching $66 million. Players enjoyed notable wins, taking home over $61 million in payouts during the month.

The District has continued to expand its sports betting market since legalizing it in 2020. Initially, mobile sports betting was available exclusively through FanDuel until mid-July, but several new operators, including DraftKings, Caesars, BetMGM, and Fanatics, have since joined the market. The city council’s recent budget approval aims to encourage even more operators to enter the DC market.

In December, DC sportsbooks generated $3.9 million in total revenue. FanDuel led the pack with $2.9 million, while DraftKings followed with $0.7 million. Fanatics secured the third spot, contributing $0.2 million to the overall revenue. These figures highlight the growing competition among operators in the region.

The rise of legal sports betting in DC aligns with a national trend. Since the federal government removed its ban on legal sports betting following the Supreme Court’s decision to overturn the Professional and Amateur Sports Protection Act of 1992 (PASPA), 38 states have established regulated sports betting markets. The industry’s rapid growth continues to shape opportunities for players and operators alike.

Daniel Li

A day trader in cryptocurrencies and avid sports bettor himself, Daniel decided to join the team and share his expertise with the iGaming.org audience. Areas of interest are global crypto regulations and the adoption of cryptocurrency use in the world. Daniel loves to work hard and write “how to guides” related to sports betting to share his take on various topics.