D.C. Loses Staggering 4M On New Sports Betting App In Its First Full Year
Lottery officials admitted that the GambetDC app lost millions in 2021 due to marketing costs and underperforming on revenue estimates, according to DCist. The app has been heavily criticized since it went online several months later than expected in May 2020, while most professional sports were dormant due to the COVID-19 pandemic. It had previously been projected to bring in $6.2 million in revenue last year. Lawmakers legalized sports betting in D....