A government-sponsored legal sports betting operator is continuing to have issues.
GambetDC — Washington, D.C.’s exclusive sports betting platform — has limited a player who has won more than $100,000 by taking advantage of the sportsbook’s deviated betting odds, according to the Washington Post. The player, who used a self-service kiosk at a fish restaurant to place his wagers, caused the D.C. Lottery to change its policies to hinder frequent betting.
The amendment adds to a growing list of problems concerning GambetDC and its viability.
GambetDC, which is powered by Greek gaming solutions supplier Intralot, holds exclusive rights to both online betting sites and retail wagering in D.C. The sportsbook has caused concerns due to its control over wagering in D.C. and its inability to provide an enjoyable betting experience.
The GambetDC betting platforms have betting odds that are unfavorable, but seasoned bettors have taken advantage of those new to the industry. The sportsbook’s betting kiosks throughout D.C. require cash and have been subject to frequent software malfunctions. Its self-service kiosks have also seen betting markets removed, while its online app is deemed unappealing.
The disdain by GambetDC users has come with a hefty price. In 2019, the D.C. Council agreed to a five-year, $215 million contract with Intralot for the gaming company to power its platform.
The issues have resulted in declining profits for GambetDC. In July, the sportsbook had a total betting handle of $3.1 million — down from $5.4 million for the month prior. The downward trajectory continued in August with the sportsbook closing the month with a $3 million handle.
As a result, GambetDC generated $409,593 in gross gaming revenue in August behind 109,352 wagers placed during the month. The average stake size for GambetDC users was $27.60.
In comparison, the Caesars Sportsbook at Capital One Arena had a total betting handle of $3 million in August. The sportsbook generated $418,134 in gross revenue during the period.
The mounting problems for GambetDC have caused lawmakers to take a stand. Last year, Councilmember Elissa Silverman introduced legislation to allow other sports betting operators to have access to the D.C. sports betting market. The Sports Wagering and Fair Competition Amendment Act of 2022 also proposed to prohibit the renewal of the D.C. Council’s current contract with Intralot.
The piece of legislation died in the chamber after a public hearing on December 13, 2022.
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