DC’s William Hill Posts Lower Handle In Jan, Still Beats GambetDC

• William Hill Sportsbook in DC saw a 14.9% drop in January handle compared to their December figures.
• The sportsbook still continues to outshine GambetDC, bringing in $51 million in bets for the FY 2021 next to GambetDC’s $17.5 million.

WASHINGTON – The William Hill Sportsbook in Washington, DC has posted their January sports betting figures which have dropped when compared to December’s activity but still have the operator doing better business than its competitor GambetDC.

William Hill unveiled their mobile sports betting platform in late December for residents of DC to use for wagering on sporting events but players must be within two blocks of the Capital One Arena to access the application as is stated within the gaming laws of the District.

Due to that stipulation, a rollout of the platform did not cause any uptick in player engagement for the month as the handle is down.

The Breakdown Of DC Sports Betting Numbers

William Hill operates out of the Capital One Arena, currently through a temporary space in the arena while its permanent sportsbook venue is being constructed. But this has not deterred sports bettors from using the company to gamble on sports. In fact, they much prefer the offerings and betting lines with William Hill’s retail sports betting than that of the DC Lottery’s mobile sportsbook GambetDC, despite GambetDC being accessible throughout the entire District.

The Office of Lottery and Gaming (OLG) reports for January have William Hill seeing $10.6 million wagered by gamblers in DC.

This was a 14.9% drop from December’s figures. The GGR came in at $1.9 million as gamblers won a combined $8.7 million from the wagers placed with William Hill for the month.

The FY 2021 for DC sports betting market closes out on June 30 giving the operator five more months to add to the $51 million collected for the current FY 2021 in bets and the $9.2 million brought in for GGR.

GambetDC reports better numbers for themselves for the month but nowhere near their competition’s performance for the industry. GambetDC surged in handle by 21.1% from December with $5.2 million wagered by players in January.

Payouts equated to $4.3 million leaving the platform with $913,384 in GGR. This was a revenue spike of 13.2% month-over-month.

For DC’s FY 2021, GambetDC’s figures pale in comparison to William Hill. They’ve managed to obtain $17.5 million in handle in total for the year next to William Hill’s $51 million. DC revenue from the mobile app presently lands at $3.4 million, a little over a third of their competition’s profits.

What’s Next For DC’s Dueling Sportsbooks

Legal sports betting in Washington, DC has not done as well as original projections suggested prior to the launch of the industry.

However, as the months go on, popularity in the District to gamble on sports using their legal local options continues to slowly be on the rise. While this wasn’t the case for William Hill in January as they saw a dip, GambetDC had a nice jump in activity.

When all is said and done, these two dueling businesses combine forces when it comes to profits seen for the industry and the economy of Washington, DC.

News tags: Capital One Arena | DC Lottery | GambetDC | Office of Lottery and Gaming | OLG | Washington DC | William Hill