DC Council Creates Opening to Expand Sports Betting Market
Sports Game · 2024-06-14

DC Council Creates Opening to Expand Sports Betting Market

Sports betting could soon get much more competitive in our nation’s capital. 

The Washington D.C. City Council voted to reject a budget amendment that would have kept FanDuel as the only sports betting operator in the nation’s capital. While the vote doesn’t mean that D.C. will immediately open up licensing, it opens a path to do so in the future.

The vote garnered much attention after news broke that the Office of Lottery and Games (OLG) had begun reviewing the possibility of opening up its market. The announcement came months after FanDuel took over as D.C.’s only sports betting operator. The industry-leading sportsbook took over for the embattled GambetDC, which software issues and poor performance had plagued.

Operators such as BetMGM and Caesars both operate retail sportsbooks in D.C. and have been pushing to launch their online platforms. They say a FanDuel Monopoly would hurt their retail locations. Both operators acquired retail licenses with the understanding that GamebetDC would be the sole online operator.

“But if you support this amendment, it would not allow for that opportunity,” Councilmember Kenyan McDuffie said during the debate. “In fact, any delays are effectively going to continue the sole source monopoly and be to the detriment of existing Class As who have a retail operation at Gallery Place and at [the Washington Nationals stadium].”

A 9-4 vote defeated the amendment.

Predictably, FanDuel has been vocal about its opposition to the possibility of expansion. The Flutter-owned sportsbook has complained that it was told it would be the sole operator when it took over for GambetDC. As a result, a lot of money was spent to make the D.C. launch possible.

FanDuel’s presence in the market is projected to result in a massive boost in tax revenue, making their deal with the OLG a win for both sides. However, expanding the market would cut FanDuel’s revenue without a drop in tax revenue, leading to the operator calling foul.

Michael is an avid sports fan and a veteran bettor from Milwaukee. He learned the trade from his grandfather in Las Vegas as a kid and has turned that into a successful career. He cheers for all Wisconsin pro teams along with his Alma Mater Arizona State. He specializes in baseball betting, but has experience in football, basketball, and hockey as well. When he isn’t pouring over stats, he’s spending time with his two young children.

熱門文章
哈薩克計劃對線上賭場促銷活動進行處罰
合規與政策
巴西擬將博弈稅率提高至24% 稅收將用於社保與醫療領域
合規與政策
新澤西州7月博彩收入創6.06億美元新高,頒布禁令
合規與政策
菲律賓網絡賭博和加密貨幣仍構成持續的洗錢風險
東南亞資訊
超級PAC籌資4800萬美元:體育博彩勢力加碼
合規與政策
菲律賓博彩技術賽道迎來新變局,B2B 供應模式加速滲透
東南亞資訊
越南博彩管控逐步放寬,惟本土需求仍顯乏力
東南亞資訊
JILI 宣佈與全球板球傳奇 AB de Villiers(ABD)達成重磅戰略合作
體育遊戲
亞洲遊戲市場觀察:15大市場熱門遊戲與用戶趨勢
網路遊戲
西班牙監管機構警告在線賭博平臺存在身份盜竊行為
合規與政策
越南在線博彩業政策收緊 催生市場新機遇
東南亞資訊
印第安納州在線賭場法案在眾議院委員會停滯不前
合規與政策
2027 Global Game Connect(GGC)斯里蘭卡招商全面啟動!業務人脈盡在掌握!
灰度頭條
斯里蘭卡博弈產業大轉型,官方:劍指南亞拉斯維加斯
合規與政策
印度最高法院受理公益訴訟,要求全國禁封「偽裝」成社交遊戲的賭博平台
合規與政策
首頁
遊戲
合作
發現
我的