DC Office of Lottery & Gaming Reports Strong First Month Performance from New Mobile Sportsbook Operator FanDuel

FanDuel sports wagering app and website generated $1.9 million in revenue for the District in its first 30 days

WASHINGTON, DC (May 21, 2024) – The DC Office of Lottery and Gaming (OLG) announced a successful transition to FanDuel as its new sports wagering platform. During its first 30 days of operation, the FanDuel mobile sportsbook app and website generated approximately $30 million in handle (dollars wagered) and $5 million in gross gaming revenue (GGR, sales minus prizes won).

On April 15, 2024, OLG, approved the launch of FanDuel’s mobile sportsbook as the District’s new official sports wagering platform. In its first month (April 15 through May 14), customer usage on the platform generated an increase of 673% in handle and an 887% increase in GGR over the same period in Fiscal Year 2023.

The successful conversion to FanDuel gives the District a 40% share of GGR, equating to an estimated $1.90 million in revenue for the District gained in the initial 30 days of operation, an increase of 690% over the same period last fiscal year.

“The transition to FanDuel, the market leader in mobile sports wagering, ensures the long-term viability of mobile sports wagering in the District,” said Frank Suarez, the Executive Director of OLG. “In addition to a 40% share of GGR and a guarantee of $5 million in revenue in its first year, the FanDuel partnership brings the benefits of a respected brand, commitment to responsible gaming, an established userbase, and a superior sports wagering experience for District residents and visitors. FanDuel’s first 30 days have not only met, but exceeded, expectations.”

From September 2023 through February 2024, the District’s per capita sports wagering revenue (tax and GambetDC revenue) was $2.71. Based on FanDuel’s first 30 days of operation, it is likely that the District’s per capita sports wagering revenue may rise to over $19, placing it among the highest revenue generating markets in the country on a per capita basis.

GambetDC users who have not done so already will have until October 15, 2024, to withdraw their funds from the platform.

OLG is committed to responsible gaming. All DC residents have access to FanDuel’s industry-leading problem gambling prevention, education, and advocacy resources. The FanDuel platform offers built-in app safeguards, allowing customers to set deposits, wagers, and time limits for their play and provides a monthly player activity statement that helps customers keep track of their play.

For more information on OLG’s sports wagering program, visit www.dclotterysportsbetting.com.

SOURCE: The DC Office of Lottery and Gaming (OLG).