FanDuel scorched sports bettors in the nation’s capital in its first full month of action in May, according to figures released by the D.C. Lottery on Wednesday.
The online juggernaut, which began taking bets in mid-April as an eventual replacement for the oft-maligned GambetDC, generated $29.7 million in handle across Washington D.C. for May and posted a 16.4% hold to claim $4.9 million in sports betting revenue.
Those two top-line figures would have qualified as all-time monthly highs dating back to the district’s launch during the COVID-19 pandemic in May 2020. FanDuel accounted for more than half of the short-lived April handle record of $26.6 million, while its May revenue haul topped the previous record established in November 2021 at $4.4 million.
The district will receive $486,071 in taxes from FanDuel based on its 10% rate. That’s more than half the $821,200 generated from all sportsbook sources in the first four months of the year.