by Michael Molter | Jul 11, 2019 2:24 pm | Sports Betting
Betting action has surpassed $9 billion since May 2018 – when PASPA was repealed by the Supreme Court. Using the hold percentage from sportsbooks is the best indicator of sports bettors’ success. Sportsbooks have seen their hold percentages decrease in every financial...
by Andy Faust | Jun 27, 2019 12:21 pm | Regulatory
In February, the DC Council bypassed the bidding process in its search for a sports betting partner. DC Lottery operator Intralot was awarded a $215 million contract to offer sports betting in the city. Council opposition to the Intralot selection has been growing of...
by Michael Molter | Jun 18, 2019 12:07 pm | Regulatory
The DC City Council voted 11-2 in favor of the Sports Wagering Lottery Amendment Act of 2018 in December 2018. Also known as DC B22-944, the measure was introduced by Councilman Jack Evans (D- Ward 2). Mayor Muriel Bowser administered a $215 million deal with Intralot...
by Michael Molter | May 20, 2019 1:12 pm | Regulatory
DC Sports betting is expected to launch in September of this year. The lottery-operated mobile app has yet to be created – looking like a Jan 2021 release. The finance and revenue committee suggested that the lottery should look for another supplier of their app....
by Hasan Nabulsi | May 9, 2019 8:35 am | Revenue
Legal sports betting in Washington D.C. was approved by the city council in December of 2018. Washington D.C. was the first area without casinos to enact legal sports betting. Federal buildings and national park property fall outside of local jurisdiction, meaning...
