GambetDC Delivers New Mobile App and Retail Betting Experience and Strong Financial Results

WASHINGTON, D.C.—The new GambetDC mobile sports betting app made available to players on October 25, provides improved navigation, streamlined registration, faster log-in, and an increased number of league and events varieties.

The software’s navigation design has been retooled to seamlessly get players where they want to go, and technology upgrades allow fingerprint and face identification for quicker access.

Over the past year, GambetDC, operated by the D.C. Office of Lottery and Gaming (OLG) has delivered strong financial performance and has overperformed on key industry performance metrics, including handle (dollars wagered), total number of wagers and transfer growth. GambetDC finished Fiscal Year 2022, ending September 30, 2022, with:

• a total handle of $58.3 million, up 38% over the prior year;
• more than 1.9 million wagers placed, a year-over-year growth rate of 59%; and
• an unaudited estimate of $2.7 million in transfer (revenue minus costs) to the District of Columbia’s General Fund.

As part of its commitment to continuous improvement, OLG frequently evaluates performance, app reviews and ratings. Player feedback was critical to building a new app experience that will better resonate with DC sports bettors.

“We listened to our players and came back with a better, more intuitive mobile app,” said executive director Frank Suarez. “We expect this new app to address the concerns of local sports bettors, demonstrate GambetDC's strength as a sportsbook, and pave the way for future successes.”

In addition to a new app experience, GambetDC unveiled a host of other product enhancements which should further drive growth. This includes increasing the GambetDC average payout to 90%, rapid expansion of the GambetDC retail footprint, to 58 licensed retailers and upgrades to the retail self-service betting experience have also been key to growth.

Even when compared to privately operated District sportsbooks, GambetDC’s growth and financial contribution to the District are unmatched. During Fiscal Year 2022, the District’s privately operated sport books grew handle 9% and wagers 44%, both significantly lower growth rates than GambetDC. In addition, despite the opening of two additional privately operated sportsbooks, tax revenue from private operators was down 33% to $1.4 million. With only little more than one-third (36%) of the total handle achieved by privately operated sportsbooks in the District, GambetDC provided almost double the transfer amount to the city ($1.4 million vs. $2.7 million).

GambetDC’s success continues into Fiscal Year 2023 and the highly competitive football season. As of October 30, 2022, 250,685 GambetDC wagers were placed equaling approximately $7.5 million in handle, an increase of 59% in wagers and 36% in handle compared to the same period last year.

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The Office of Lottery and Gaming generates revenue for the District of Columbia through the sale of innovative lottery and sports wagering products while providing gaming regulation and oversight. Since its inception in 1982, the agency has awarded more than $4.4 billion in prizes, transferred more than $2.3 billion to the District’s General Fund which supports essential services in the District of Columbia, commissioned more than $473 million to Lottery retailers, and has helped local nonprofits raise more than $135 million in support of charitable causes.

Release ID: 22-005