Sports betting in the District of Columbia is upending the traditional narrative in which retail betting languishes when online options are available.
On Wednesday, the Washington Post reported that the DC Lottery’s GamBetDC digital gambling platform had generated revenue of around $263k for the city of Washington by the end of August. That gives the product just one month to hit the $17m the DC Council originally claimed the city would reap by the end of its current fiscal year.
The Intralot-powered product had its soft launch in May and suffered from the same pandemic disruptions to the sports calendar as any other bookmaker. But GamBetDC was heavily criticized for offering unattractive odds that any discerning bettor would know to avoid like the plague.
A DC Lottery spokesperson told the Post that GamBetDC’s betting handle had nearly tripled from July to August as major leagues resumed play. But that didn’t stop DC officials from reducing the app’s expected contributions to next year’s budget from the previous forecast of $28m all the way down to $12m.