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FanDuel to replace troubled GambetDC as DC's sports betting app | NBC4 Washington

After taking a gamble on an obscure sports betting app, D.C. is teaming up with a known industry leader to run its betting operations. News4's Paul Wagner reports. _______ NBC4 Washington / WRC-TV is the No. 1 broadcast television station and the home of the most-watched local news in Washington, D.C. NBCWashington.com is the market’s most-visited local television station website across all platforms. FOLLOW & STREAM NBC4 WASHINGTON Xumo Play: https://play.xumo.com/live-guide/nbc-washington-dc-news Roku: https://therokuchannel.roku.com/watch/021707311e0b595597f97a389e0051e6/nbc-washington-dc-news Also available on Freevee, Google TV, TCL, Local Now, and Samsung TV Plus. More here: https://www.nbcwashington.com/watchlive/ Instagram: http://nbc4dc.com/3HxYkYH Threads: http://nbc4dc.com/ZYZAAHJ Facebook: http://nbc4dc.com/iD1GvRQ X: http://nbc4dc.com/APF7vQM TikTok: http://nbc4dc.com/pg5Nx67 VISIT OUR SITE: https://www.nbcwashington.com/ DOWNLOAD OUR FREE APPS: https://www.nbcwashington.com/products/ WATCH NBC4 LIVE ON AMAZON FIRE TV: https://www.nbcwashington.com/firetv/ WATCH NBC4 LIVE ON ROKU: https://www.nbcwashington.com/roku/d

NBC4 Washington

3 days ago
after years of watching its sports betting app underperformed the company that has the contract in the city has decided to make a change pivoting from the subcontractor that ran gambet DC and handing the business to FanDuel a sports betting company with a very high profile according to the office of Lottery and gaming it expects to see one and a half to two times greater Revenue with FanDuel I think the mistake that was made is that instead of using multiple apps and throwing the whole District
open to beding we went down the course of having a single app operated by the DC Lottery now that was the Chief Financial Officer at the time and the head of the lottery at the time were very adamant that that's the approach we should take but it underperformed according to the Washington Business Journal in the fiscal year that ended September 30th only 69.6 million was wagered on gambet compared to 116.2 million wagered at the the city's five sports book at Nats Park and elsewhere former DC co
uncil member Jack Evans was an early Champion for sports betting in the district and he thinks the switch to FanDuel will bring in more Revenue yeah I do particularly the guarantees that FanDuel is making right up front exceed what we're taking in right now anyway and uh and then the next part of this is the entire Lottery contract that interlock has is coming up for Renewal Evans says that was a no bit contract but today DC mayor Muriel Bowser said the contract this time will be put up for a co
mpetitive bid last month the American gaming Association reported DC's sports betting Revenue was down by 177% in 2023 likely hurt by DC's troubled sports betting app Brian Vil who owns Grand Central Restaurant and sports book in Adams Morgan sees the move to FanDuel as a good thing I think it's good for the DC gamer um who didn't really like game bet and now has the opportunity to to use FanDuel I think it's a the right decision for DC and actually for the DC gamer you know it's good for the go
ose it's good for the gander I think it's a it brings more people to the space who have maybe have heard some negative things about about gambet when FanDuel takes over time uncertain at this point they will also take over the bedding kiosks in restaurants and bars throughout the city in the district Paul Wagner news4

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@WONSINCITY1

this need to happen today