The DC Office of Lottery and Gaming (OLG) has praised the impact FanDuel has had since taking over as the official sports wagering platform in Washington DC, with the brand generating $5.0m (£3.9m/€4.6m) in revenue during its first 30 days of operation.
FanDuel has officially been operating in partnership with the OLG since 15 April. This came after the OLG completed its transition from Intralot-run GambetDC, its long-term partner for sports betting in DC.
For the period from the launch day to 14 May, FanDuel’s online sportsbook reported $5.0m in gross gaming revenue. This is some 887% higher than in the corresponding period in the previous year.
There is also a significant improvement in handle. For the same period, players in DC spent approximately $30m betting on sports, up 673% year-on-year.
The OLG also noted that, as a result of higher revenue, it was able to generate more funds for the district. FanDuel gives 40% of revenue to DC, equating to $1.9m for the 30-day opening per..
