Lawmakers in Washington DC have officially approved sports gambling. Recently, several groups here have pushed to allow sports betting in Capital One Arena. It’s now looking like this is closer to happening than many expected.
The owner of this famous arena claims to have secured a deal with a major sports betting operator. Let’s take a look at this city’s road to sports betting legalization, and how sports gambling could become available inside the Capital One Arena.
Washington DC’s Road to Sports Betting Legalization
Sports betting has never been more popular in the US than it is right now. For many years, only Nevada was legally allowed to offer sports wagering options. In May of 2018, the Supreme Court struck down PASPA, giving every state in the country the ability to set laws on the sports betting industry.
Almost immediately after PASPA was removed, New Jersey chose to legalize sports gambling. It’s proven to be an extremely lucrative industry for this state. New Jersey’s sports betting market now earns more than Las Vegas.
In 2018, prior to PASPA being removed, lawmakers in Washington DC approved the Sports Wagering Lottery Amendment Act. This Act made it possible for the state to allow sports gambling after the federal ban was removed. In May of 2019, officials in DC put the Act into effect and sports betting was made officially legal.
It’s still unclear when the first legal sports wagers will be made in this state. Many companies are looking to break into this new market. Interestingly, the city’s biggest sports arena is now preparing to offer in-arena sports wagering options.
Owner Confirms Sports Betting in Capital One Arena is Coming
For months, officials at Monumental Sports and Entertainment have discussed plans to open sports betting in Capital One Arena. Ted Leonsis, owner of this sports arena and CEO of MSE, talked about his goal to open sports gambling options here back in April.
“There will be a sportsbook inside the building accessible from the outside and depending on the league and depending on the event, it might be accessible from the inside as well,” he said.
Leonsis owns the Washington Wizards and Washington Capitals, who both play inside this arena. He believes that offering sports betting options inside the arena would help to bring in more visitors and generate massive revenue earnings. This week, Leonsis confirmed that sports betting in Capital One Arena is one its way.
In an official press release, the owner revealed this his company had partnered with William Hill to open a sportsbook inside the arena. William Hill is one of the top gambling companies based in the UK. It’s focused on expanding into the US market and is now operating in 10 different states.
William Hill will soon begin construction on a multi-level sportsbook inside this sports arena. It will be open seven days a week, even when no sporting events are taking place. Leonsis recently commented on this company’s role moving forward.
“William Hill will manage and be solely responsible for the business of the sportsbook and ensure that we as the team franchises never touch the money. We are always pushing the limits on what’s possible in sports. Monumental has led the way on sports gaming and is among the first in sports to integrate real-time data into the live game experience.”
When Will Sports Betting Become Available Here?
Washington DC’s City Council voted to legalize sports betting late last year. Unfortunately, there have been several legal hurdles that have prevented any sports betting options to open up here. There is currently an injunction in place that’s making it impossible for any sportsbooks to start operating here.
It’s beginning to look like this injunction will soon be resolved. Several officials in this city have stated that the first sports betting options will become available here before the end of 2019.
According to signs posted inside the arena, sports betting in Capital One Arena will be available in 2020. Only those above the age of 21 will be able to place sports wagers here. This is an extremely exciting time for sports fans inside this city.
It’s still unclear exactly what forms of sports gambling will become available here. It’s likely that visitors will have the ability to place wagers on live sporting events taking place inside the arena.
Make sure to stay tuned for more US sports betting news over the next new months!