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FanDuel drives Washington DC sports betting revenue to $5.4m in May

Regulation

Washington DC reported $5.4 million in sports betting revenue and $35.4 million in handle in May, setting monthly records after FanDuel became the district’s primary operator. FanDuel accounted for 84% of handle and 89% of revenue, while the district collected a record $544,600 in tax receipts. The DC Council included a measure allowing multiple sportsbook apps in its fiscal 2025 budget.

The proposed expansion of mobile sportsbook access could change competition for operators in Washington DC.

End-of-day close Caesars Entertainment (CZR), USD, to 16 August 2024
Story date20 May 202416 August 2024

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