William Hill continued to lead the DC sports betting market in November despite a slight decrease in betting handle
According to the latest figures from the DC Lottery, both the Lottery’s Gambet sportsbook app and the William Hill sportsbook at the Capital One Arena saw a dip in sports betting handle in November.
William Hill vs Gambet
William Hill’s land-based sportsbook at the Capital One Arena continued to dominate the DC sports betting market after bettors wagered $13.7m on sporting events. Despite leading the market, William Hill’s handle dropped 4.6% month-on-month from the $14.4m wagered in October.
The sportsbook’s prizes and payout dropped to $11m in November and as a result of this, revenue rose 0.4% month-on-month to $2.72m. Of its revenue, William paid $272,852.18 in tax to the city.
November’s figures brought the total handle for the venue to $49.4m since it opened in July, with players winning a total of $41.2m, leaving the operator with $8.2m in revenue since launching.
Bettors wagered $3.9m on sports with Gambet representing a 6.7%drop on the $4.2m wagered with the app the month prior. Players managed to win back $3m leaving Gambet with $882,678 in sports betting revenue up slightly on October’s revenue.
Since launching in May, Gambit has taken $14.4m in sports bets, customers have won back $11.8m and the platform has generated just $2.7m in revenue.
DC Lottery slipping behind
The DC Lottery’s betting platform has been mired in controversy since it was announced that the DC Council voted to skip the standard bidding process and grant the district’s sports betting contract to Intralot, giving the Greek company a monopoly on the market.
In addition to this, the GambetDC platform launch was delayed several times and features uncompetitive odds and a lengthy signup process. The Lottery’s sports betting platform did not take its first sports for more than 15 months after receiving approval.
However, there is still room for growth for the DC Lottery’s offering as betting kiosks are still to be rolled out. These kiosks were set to be introduced in 2020, but due to the disruption caused by the coronavirus pandemic.