177% up to 5BTC + 77 Free Spins!
New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins
The DC Office of Lottery and Gaming (OLG) revealed the financial figures for FanDuel sportsbook’s first month in the District. During this period, the platform recorded a remarkable $30 million in handle and $5 million in gross gaming revenue.
In April 2024, OLG greenlit the launch of FanDuel’s mobile sportsbook, marking a significant shift in the District’s sports wagering landscape. The transition witnessed an extraordinary surge in both handle and revenue compared to the previous year.
With FanDuel onboard, the District now enjoys a 40% share of gross gaming revenue, translating to an estimated $1.9 million in revenue, a substantial increase from the same period last year.
OLG Executive Director Frank Suarez hailed the transition to FanDuel as a strategic move ensuring the District’s long-term success in mobile sports wagering. “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.”
Based on FanDuel’s initial performance, the District anticipates a significant rise in per capita sports wagering revenue, potentially exceeding $19, positioning it among the nation’s top revenue-generating markets.