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FanDuel named sports betting operator for Washington DC

13 Mar 2024

(PRESS RELEASE) -- The Office of Lottery and Gaming announced that FanDuel is the new sports wagering subcontractor for Intralot, Inc., OLG’s lottery and sports wagering system vendor. Under this agreement, residents of Washington, D.C. will gain access to FanDuel’s sports wagering app, which is the market leader nationally, as well as its website and retail platforms.

“FanDuel’s industry-leading offering will ensure that the District maximizes revenue under its existing contracts this year while delivering a best-in-class experience for 18+ residents,” said Frank Suarez, Executive Director of OLG.

FanDuel’s mobile sports wagering platform will be available to both residents and visitors inside the geographic boundaries of the District of Columbia starting this spring. The new partnership will bring immediate financial benefit to the District, including an initial $5M fee payable by Intralot within the current fiscal year. The initial fee alone guarantees a significant revenue increase from sports wagering for the District in 2024.

Other benefits of the agreement include:

- Intralot will assume OLG’s current operating costs associated with sports wagering, providing additional savings to help increase the revenue from sports wagering that will go to the District’s general fund, allowing the District to fund critical programs.
- Washington, D.C.’s Certified Business Enterprises (CBE), local, often minority-owned businesses will continue to gain revenue from sports wagering. Under this new partnership, the CBEs who are part of the existing sports wagering component of the contract are expected to see 1.5 to 2 times greater gaming revenue than they currently do.
- FanDuel’s strong national presence and 50 percent market share in neighboring states will allow Washington, D.C.’s 20 million annual visitors to engage in legalized sports wagering and will also regain the participation of residents who currently engage in sports betting in neighboring states.
- Additionally, GambetDC’s existing in-store gaming kiosks will be replaced by FanDuel’s on a phased basis.

OLG will maintain its strong commitment to responsible gaming oversight. All users will now have access to FanDuel’s industry-leading problem gambling prevention, education, and advocacy resources. The FanDuel platform offers built-in app safeguards, allowing customers to set deposits, wagers, and time limits for their play.
 
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