Online and in Stadiums<\/strong><\/h2>\nThere are also questions about the wisdom of handing Intralot a monopoly on online sports betting. The company has proposed a high-hold model in order to maximize revenues, which is unlikely to be competitive if neighboring states legalize sports betting while embracing an open market.<\/p>\n
The high-hold model, by definition, returns less money to players, which means offering worse odds.<\/p>\n
Since D.C. has no casinos, online sports betting will be the key revenue generator, although there is scope for operators other than Intralot to offer live wagering at sports books situated in four sports venues: the Capital One Arena, Audi Field, Nationals Park, and St. Elizabeths East Entertainment and Sports Arena. RFK Stadium, where D.C. United played until last year, is on federal land and gambling will not be permitted.<\/p>\n
Online betting will be taxed at 20 percent of gross gaming revenue, and live stadium betting at 10 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Washington D.C. could have sports betting by the fall, after the D.C. Council voted Tuesday to sidestep standard procurement procedures and award the contract to its current lottery provider, Intralot. The snappily-titled Sports Wagering Procurement Practices Reform Exception Act of 2019 passed by a vote of 8-4 on Tuesday, with one abstention. The emergency measure […]<\/p>\n","protected":false},"author":36,"featured_media":98840,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19,13,61,1074],"tags":[],"acf":[],"yoast_head":"\n
Washington D.C. Hands Sports Betting to Intralot, Aims to Launch by Fall<\/title>\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