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BetMGM & Caesars expand DC Sports Betting
Next week, Washington, DC’s mobile sports betting market will launch, allowing multiple competitors to enter, ending FanDuel‘s short-lived monopoly.
Starting next Monday, BetMGM will launch mobile betting in Washington, D.C., and there are signs that Caesars Sportsbook will follow suit citywide by July 15. Currently, BetMGM operates a retail sportsbook at Nationals Park and can offer mobile betting within a two-block radius of the stadium. Similarly, Caesars operates a retail sportsbook at Capital One Arena but, unlike competitors like FanDuel, its Washington, D.C., sports betting options are restricted in scope.
Washington, D.C. is rapidly expanding its mobile sports betting market to include multiple operators. Recently, an amendment to the fiscal 2025 budget, proposed by Council member Kenyan McDuffie and signed by Mayor Muriel Bowser, is facilitating this shift. Gaming leaders like BetMGM, Caesars, DraftKings, and Fanatics advocated for market access before the City Council’s Business and Economic Development Committee in May.
FanDuel is likely displeased with the upcoming changes.
In April, FanDuel took over operations in the city after the City Council allowed Intralot to subcontract its duties. Early data show increased gross gaming revenue (GGR) and handle since replacing the struggling GambetDC app, leading to higher tax revenue. FanDuel has indicated it could terminate its contract if the market opens to other competitors, though Flutter, its parent company, has not commented publicly on DC’s expansion plans.
In his letter, Christian Genetski, the president of FanDuel wrote:
“Should Subtitle R be enacted, FanDuel will transition its operations in the District under its Class A license under the new regime consistent with its pre-existing contractual relationship, and invoke its termination right under the subcontract.”
The expansion of DC sports betting could potentially harm kiosk operators.
Bars and restaurants housing over 60 sports betting kiosks in DC have expressed concerns to the city council that expanding the mobile sports betting market could reduce the revenue they earn from these machines.
FanDuel’s branding currently appears on those devices, and the operator informed the council that it would discontinue support for those machines if the market becomes open to other competitors.
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