FanDuel Joins Forces with DC’s Office of Lottery and Gaming as New Sports Wagering Operator

Financial and Community Benefits

The agreement between OLG and FanDuel brings multiple advantages, including the transfer of operating costs associated with sports wagering from OLG to Intralot, thereby augmenting the revenue funneled into the District’s general fund. This financial restructuring is anticipated to bolster the funding of critical programs within the district.

Moreover, the partnership pledges continued support for Washington, D.C.’s Certified Business Enterprises (CBEs), which are predominantly local and often minority-owned businesses. These enterprises are expected to witness a 1.5 to 2 fold increase in gaming revenue under the new FanDuel partnership, compared to their current earnings.

Enhancing Sports Wagering Access

FanDuel’s dominant presence in the national market, with a 50 percent market share in adjacent states, positions it as a pivotal player in re-attracting D.C. residents who currently partake in sports betting outside the district. Additionally, the 20 million annual visitors to Washington, D.C. will now have the opportunity to engage in legalized sports wagering, thereby broadening the reach and impact of the district’s sports betting offerings.

In a move to modernize the in-store betting experience, existing GambetDC gaming kiosks will be gradually replaced with FanDuel kiosks. This phased approach ensures a seamless transition and integration of FanDuel’s services into the district’s sports wagering ecosystem.

OLG and FanDuel are dedicated to promoting responsible gaming, a commitment that is reflected in the access provided to FanDuel’s leading problem gambling prevention, education, and advocacy resources. The FanDuel platform incorporates built-in safeguards, enabling users to set personalized limits on deposits, wagers, and playing time, thereby fostering a safe and responsible gaming environment.

Our Comment on the Article

The partnership between the Office of Lottery and Gaming and FanDuel represents a significant milestone in the evolution of sports wagering in the District of Columbia. By leveraging FanDuel’s market-leading platforms and services, this alliance is set to transform the sports betting landscape in the district, ensuring enhanced experiences for users, increased revenue for public funding, and continued support for local businesses. This collaboration not only underscores the potential for financial growth within the district but also highlights a shared commitment to responsible gaming and community engagement. As this partnership unfolds, it will undoubtedly set a benchmark for the integration of innovative sports wagering solutions in urban settings, fostering a vibrant, inclusive, and responsible betting culture.