A Washington, DC public hearing on legalized sports betting this week brought new energy to the issue, as city council members continued their push to get on board before neighboring cities do.
Councilman Jack Evans — the bill’s sponsor — outlined why the race is key.
If we can get up and running before Maryland and Virginia and some of the other jurisdictions, we can capture the market,” Evans said, according to NBC TV’s Washington affiliate.
Evans pointed out that casinos like MGM National Harbor, just 24 miles away in Maryland, are already stealing away potential customers and revenue. Maryland hasn’t yet legalized sports betting, but it could introduce legislation in 2019.
It’s money the DC council would rather see going into the city’s coffers. They’ve pitched a 10 percent tax on sports betting, which would go towards arts and children’s education, as well as programs for gambling addiction.
“This is an opportunity now to put the money from an endeavor that I think lots of people will participate in, into something that nobody can argue with,” remarked Councilmember Vincent Gray, who must be new to politics.
Yeas and Nays
With nearby New Jersey reporting a $40.4 million sports betting take since just June, it’s been an easy sell — but not everyone is buying the optimistic financial forecast.
“In order to reach the suggested $400 billion in sports betting, every man, woman, child and licensed dog would have to bet about $1,000 a year,” Marie Drissel, founder of Stop DC Gambling, told the council.
Representatives for DraftKings, FanDuel, and MGM, companies which all stand to benefit from sports betting legislation, spoke at the hearing as well. A representative from DraftKings, which operates the biggest sports book in New Jersey, said it would be ready to go “on day one.”
While a vote has yet to be held, no member of the city council has expressed any direct opposition to the bill.
Betting Bill Break Down
Many many of the finer details still need to be worked out, but here’s what we know about the bill as it stands now:
- Operators would be charged a $50,000 licensing fee
- There would be no limits on the types of bets allowed, leaving the door open for single-game wagers, parlays, and teasers
- Bets could be taken in person and online
- All sports betting would be handled via the city’s Office of Lottery and Gaming
Public input on the bill will be taken until November 1. From there, it needs to win two committee votes and approval from Mayor Muriel Bowser.