DC arena to have its own sports gambling operations
Capital One Arena will be the first in the country to have a sportsbook
If Washington, DC is ever able to officially launch its sports gambling activity, it is prepared to be a pioneer in the field. According to the owners of Capital One Arena, Monumental Sports & Entertainment, the home of the Washington Capitals of the NHL and the Washington Wizards of the NBA will have its very own sportsbook, the first launched at a standing sports stadium in the country.
To help facilitate the activity, Monumental turned to one of the oldest companies in the business, William Hill. It will be open almost every day, including days where there isn’t an event taking place. While DC has tentatively set the legal sports gambling age at 18, Capital One is going to put its own limit in place, restricting the activity to those 21 years old or older. Provided regulators give their approval, the sportsbook could go live sometime next year.
Monumental Founder and Chairman Ted Leonsis is excited about the opportunity and first got the idea on a recent trip to the UK. William Hill CEO Joe Asher sees it as a huge step forward for sports gambling in the country and said during a press conference yesterday, “So, last night, Caps were down early in the game. There would have been a lot of people betting on them to come back and win. And, you get good odds when you’re betting on the team that’s behind to come back and win the game. So that just sort of drives further engagement. It gives people reason to watch more, to watch till the very end.”