FanDuel Set to Officially Replace GambetDC on April 15

FanDuel will officially take over GambetDC as the primary sports betting app in Washington, DC, on April 15.

The replacement news first came to light last month when the Washington, DC, Office of Lottery and Gaming (OLG) announced that it had approved the sportsbook to carry out sports betting operations in the capital.

The decision to switch providers arises from a series of poor performances by GambetDC over the past few years, leading to an iOS malfunction during Super Bowl Sunday in 2022.

Schedules for Handover Already Mapped Out

Patrons of GambetDC are now expected to transition over to FanDuel Sportsbook, and according to the schedule for the handover, GambetDC will collect its last bet on April 14.

By the month of October 15, GambetDC customers are expected to have completely withdrawn all their funds from the outgoing operator, after which they will deactivate from the app too.

They will then open a FanDuel account to continue sports betting in the district. Besides the app, customers in Washington, DC, can utilize FanDuel’s comprehensive suite of sports betting services, including its user-friendly website and physical retail locations.

The transition also calls for gradually replacing GambetDC’s present in-store sports betting kiosks with FanDuel kiosks. This transition will be carried out progressively over time to ensure a smooth integration of FanDuel’s kiosks into GambetDC’s current infrastructure.

As stated in the Frequently Asked Questions (FAQ) section of GambetDC, wagers placed on events occurring before July 1, 2024, will remain active until the conclusion of the respective event, at which point they will be settled. Also, wagers on events scheduled for July 1, 2024, and onward will be voided, with customers receiving refunds for the amounts staked on those bets.

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FanDuel Promises to Rack Up More Revenue for the District

FanDuel reveals that it is committed to delivering a minimum of $5 million in tax revenue to the district for the upcoming contract year spanning July 2024 to July 2025. Following this initial period, FanDuel has pledged to guarantee a minimum of $10 million per annum for the subsequent four years, culminating in a total guaranteed revenue of $45 million over the first five years of its operations within the District.

However, FanDuel’s internal projections paint a significantly rosier picture, estimating a tax revenue contribution exceeding $119 million to the district during its initial five-year tenure.

Moreover, the company will shoulder annual sports betting operating expenses ranging from $2 million to $4 million, encompassing expenditures related to payment processing, promotional activities, marketing endeavors, as well as commissions and payouts to retailers.

FanDuel Could Face Competitors within the District in the Future

A new measure sponsored by DC Council member Kenyan McDuffie intends to increase the amount of online sports betting available in the district. The plan focuses on creating avenues for well-known operators to enter the online sector, including BetMGM and Caesars Sportsbook.

The mobile applications of BetMGM at Nationals Park and Caesars Sportsbook at Capital One Arena are accessible within a two-block radius of their respective brick-and-mortar sportsbook establishments. However, their availability is currently limited within DC sports betting.

McDuffie’s plan is a calculated attempt to increase competition in the market, particularly considering that nearby jurisdictions like Maryland and Virginia already have a wide range of online sports betting alternatives.

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