Washington D.C. has rolled out the welcome mat for its new exclusive sports betting operator, FanDuel, which took over the reins from GamBetDC. Following a deal with the Office of Lottery and Gaming (OLG), the FanDuel app is now live, replacing Intralot's criticized service since 2019. "FanDuel's industry-leading offering will ensure that the District maximizes revenue under its existing contracts this year while delivering a best-in-class experience for 18+ residents," OLG's Frank Suarez said in a statement obtained by DC News Now.

With eyes on the prize, FanDuel's entry into the D.C. market is anticipated to bank up to $119 million in tax revenue over the next five years. Local punters, however, will have to be mindful of their locale when laying down their bets: FanDuel's operations are limited outside federal land, including the National Mall and the Capitol, among others. This restriction should keep the high-stakes action at a respectful distance from the nation's power corridors, as reported by SBC Americas.

The monopoly model currently giving FanDuel an exclusive two-year cushion doesn't spell the end of competition indefinitely. The DC Council's Committee on Business and Economic Development is all ears for potential proposals once Intralot's term is up and has even a bill lined up for consideration. "The Sports Wagering Amendment Act of 2024," filed by Councilmember Kenyan R. McDuffie, is slated for discussion during the committee's May 6 meeting, ReadWrite reported.

For those locals keen to get in on the action, the defunct GambetDC site is nudging users to transition to FanDuel. Betters are advised by the OLG to "Close your GambetDC account and withdraw funds before October 15, 2024," ensuring a smooth transfer to the new platform. FanDuel is banking on its success in nearby markets — hauling in significant gross gaming revenue annually in Maryland and Virginia — and looks set to replicate or even surpass these figures in the District, according to projections shared by ReadWrite.