- William Hill Sportsbook in Washington DC beat out GambetDC for the most handle and revenue made on sports betting for October.
- Both sports wagering businesses saw spikes in activity, creating new records for their individual platforms within the District since launching.
WASHINGTON – Sports betting handle for the nation’s capital is up for the month of October with William Hill Sportsbook getting the most action again.
William Hill is operating out of the Capital One Arena at a temporary spot within the location. They are awaiting approval by the DC Lottery to move forward with constructing a permanent addition to the arena for their retail sportsbook.
However, the temporary spot has not hindered the success of the sports betting company as they did far more business than what the lottery’s GambetDC application recorded for October.
The Revenue Numbers For Both Sportsbooks
October’s financial report for William Hill showed a total of 144,882 bets placed for the month that amounted to $14,358,601.75 in handle. Payouts for the wagers made came to $11,640,834.15.
This left the sports betting company with a Gross Gaming Revenue (GGR) of $2,717,767.60. Tax revenue was seen at $271,776.76 and the average hold percentage was 18.93% for all bets made for the month.
The William Hill Sportsbook saw a 17.8% increase in handle from September. The GGR was also up by 108.2% in a month-on-month comparison. The platform went live in August and has since brought in a total of $35.7 million in bets. Players have won $30.2 million and GGR has been $5.5 million for their three months of being open.
On the other hand, GambetDC reported an October handle of $4.2 million with a payout total of $3.4 million. This allowed for a GGR of $882,101.
The revenue numbers for the app were up 64.8% from September and saw the highest figure for revenue since the application launched in May. In six months, the app has received $10.6 million in handle and $1.8 million in revenue after the $8.8 million in winnings were paid out.
What’s Next For DC Sports Betting?
As the NFL season continues, NFL betting at the sportsbooks in DC will continue to be on the rise. The November reports should show a similar trend of activity among the two sports betting platforms and an increase in engagement.
Once William Hill is given the green light to expand at the Capital One Arena, they intend to have a venue that boasts a private dining space and an area for events as well as two VIP spots, 12 betting windows, and 10 self-service terminals.
This expansion will likely lead the frontrunner sportsbook in DC, William Hill, to get even more business in the door and extend their lead as the top sportsbook for Washington D.C. sports betting further, leaving GambetDC in the rearview mirror.
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News tags: Capital One Arena | DC | DC Lottery | GambetDC | NFL | Washington | William Hill sportsbook
Christina has been writing for as long as she can remember and does dedicated research on the newly regulated sports betting market. She comes from a family of sports lovers that engage in friendly bets from time to time. During the winter months, you can find Christina baking cookies and beating the entire staff at Mario Kart…the N64 version of course.