Professional sports betting is coming to Washington, D.C. and betting enthusiasts will be able to place their bets through mobile applications.
This development is on the horizon as lawmakers from the nation’s capital gave a majority vote of 11-2 for the Sports Wagering Lottery Amendment Act of 2018 ((Bill 22-944) on Tuesday.
The legislative measure transforms Washington, D. C. as the first jurisdiction that does not have casinos to give the green light to professional sports betting.
Under Bill 22-944, the government-run D.C. Lottery which is powered by Intralot would possess the exclusive capability to operate sports gambling.
Limitations to this monopoly are the sports betting-licensed private businesses and sports arenas.
They would also have mobile applications that can be used exclusively in their facilities. These establishments are reported to be subjected to a 10 percent tax on gross gaming revenue.
Residents and visitors of Washington, D. C. will be able to bet their money on professional sports competitions and teams in the city’s stadiums, arenas, and private establishments like liquor shops and restaurants.
The mobile application for sports betting is viewed to be the most popular technique to place a bet. Sports bettors are required to be 18 years old or older.
The D. C. Lottery has insisted on eliminating competition for the mobile application. It reckoned that this would be appropriate, maximizing the financial returns for the capital.
Robert C. White Jr., a member of the Council of the District of Columbia, remarked that Washington, D. C. residents would be able to get jobs and be able to establish and grow businesses through sports betting.
The legislative measure was introduced in September and was pushed by Councilmember Jack Evans.
Enabling it to progress towards the culmination of 2018 quickly, Evans is confident that a veto would not happen, enabling the sports betting bill to be guaranteed in becoming a law.
The signature of Democratic Mayor Muriel Bowser is necessary in order for this step to happen. She is reported to be supportive of the legislative measure. In addition, the bill has to pass the review by the Congress.
Washington, D. C. will join eight other states which permit professional sports gambling: Delaware, Mississippi, New Jersey, New Mexico, Nevada, Pennsylvania, Rhode Island, and West Virginia.
Eilers & Krejcik Gaming, a research company which concentrates on the gaming industry, estimated that Washington, D. C. could earn $36.8 million in yearly gaming revenue with a vigorous sports betting sector.