remains controversial<\/a>. Intralot has promised it can make more money for the district than it would get from a regular open market, but this claim is based on a high-hold sport betting model, which would see it return less to the customer.<\/p>\nUltimately, a high-hold model will struggle to compete with operators in other states, as well as the black market.<\/p>\n
There are also question marks over Councilman Jack Evans, the bill\u2019s sponsor, who is under investigation by the DC Board of Ethics and Government Accountability\u00a0(BEGA) for alleged links to a lobbying firm that counts among its clients a company called DC09, a local firm that installs and maintains lottery terminals and communication lines for Intralot.<\/p>\n
A public hearing will now take place January 28, primarily to explore whether the district should launch a competitive bidding process that would be open to multiple operators.<\/p>\n","protected":false},"excerpt":{"rendered":"
Washington DC\u2019s Sports Wagering Lottery Amendment Act was signed off by City Mayor Muriel Bowser on Wednesday, taking the nation\u2019s capital a step closer to licensed and regulated sports betting. But Washington\u2019s residents won\u2019t be able to put their money on the line just yet — not legally, at least. Because DC isn\u2019t a state, […]<\/p>\n","protected":false},"author":36,"featured_media":97062,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,61,1074],"tags":[],"acf":[],"yoast_head":"\n
Washington Mayor Signs Off DC Sports Betting, Next Stop Congress<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n