Decline of 33.3% in April’s DC sports betting revenue signals dropping trends in the industry

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Revenue for sports-betting in the month amounted to $1.4m (£1.3m/£1.1m), showing a decrease from $2.1m in the same month of the previous year, but remained consistent with the figure reported for March of this year.

In terms of handle, consumers wagered $18.4m on sports during the month. This amount is 72.0% higher compared to $10.7m in April last year and also 21.5% higher than $15.2m in March this year.

In sports-betting, Caesars once again proved to be the top performer among operators. With a handle of $7.8 million, they generated an impressive revenue of $635,777.

Gambet, a sports-betting platform operated by the DC Lottery and powered by Intralot, ranked second in terms of revenue. It paid out $4.6m in winnings from $5.2m in wagers, resulting in a total revenue of $602,646.

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