High-Hold Model<\/strong><\/h2>\nOnce the market is finally up and running, DC Council expects it to generate $17.1 million in tax dollars next year. That seems high for a jurisdiction with a population of just over 633,000, although there is nothing that currently exists in the US that can be compared with the model DC is proposing.<\/p>\n
As a jurisdiction with no casinos or racetracks, the accessibility of sports betting at multiple land-based facilities is a positive, and these operators will be taxed at an industry-friendly ten percent.<\/p>\n
But mobile is the real money-generator for sports betting, although less-so with the version DC has chosen to adopt.<\/p>\n
Intralot has promised it will generate higher revenues than the District would have received had it embraced an open market. To this end, it has proposed a high-hold sports betting model that will return around 70 to 80 percent of handle to the customer, far less than the roughly 95 percent that is customary in Las Vegas and elsewhere.<\/p>\n
That approach could be problematic and may cause the new operator to struggle to compete with the black markets.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
DC sports betting will not be ready for the start of the new National Football League season, District officials have said. This despite the controversial decision by the DC Council to forego customary procurement procedures on mobile betting for a speed-to-market approach that aimed to capitalize on the forthcoming football season. The awarding of the […]<\/p>\n","protected":false},"author":36,"featured_media":111795,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[61,1074],"tags":[],"acf":[],"yoast_head":"\n
Fast-Tracked DC Sports Betting Market Not Fast Enough For NFL Season<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n