District of Columbia Expected to Legalize Sports Betting Tuesday and Hand Monopoly to Greek Lottery Operator

The District of Columbia stands on the cusp of legal sports betting, with DC Council expected to pass a bill regulating the market on Tuesday.

But despite the best efforts of an unlikely lobbying alliance of operators and sports leagues, the DC sports betting bill favors a single-operator model and would hand the monopoly for all wagering within the district to its lottery operator, Intralot.

The bill’s sponsor, Councilman Jack Evans, has said he wants to go with the monopoly because he believes it will bring in more money for the district. According to documents seen by LegalSportsReport, Intralot has claimed that it would generate up to 30 times more for the state than an open model could.

DC Sports Betting Bad Deal for Bettors

But Intralot’s calculations are based on a high-hold model in which it would retain 20 to 30 percent of all wagers, rather than the roughly five percent of Las Vegas and other newly regulated markets.

This model is not competitive and will offer bad odds to bettors. That might not normally be a problem in a monopoly, until you consider Evans has expressly said he wants the DC market to compete with the casinos of West Virginia, Maryland, and others — as well as the black markets.

Moreover, LegalSportsReports suggests that Intralot’s projections are disingenuous — even when they’re adjusted for the souped-up vig — because they contain no outlay for marketing expenditure. That’s something that should send alarm bells ringing in the ears of DC’s esteemed councilmembers.

Evans is currently under investigation by DC’s Board of Ethics and Government Accountability (BEGA) for alleged links to a lobbying firm that counts among its clients a company called DC09, a local outfit that installs and maintains lottery terminals and communication lines.