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Proposal for Competitive Sports Betting Scene In D.C. Creates Tax Concerns Most sportsbook operators would invite a more competitive market for betting in the nation's capital - but a few are cautious about the rate of admission. Members of the Council of the District of Columbia held a public hearing on Monday for B25-0753, also understood as the Sports Wagering Amendment Act of 2024. No vote was taken on the bill, however a lot of statement was provided to the council members who will help choose its fate. The legislation, if passed, would modify the existing law around sports betting in Washington, D.C., to create a more competitive market for mobile betting. A few of the conversation on Monday centered on the proposed cost of the new market, which would essentially double, even for already-opened brick-and-mortar facilities such as the Caesars Sportsbook at Capital One Arena. "In this case, we're speaking about increasing the license charge and the tax rate, which is [a] double whammy on us," stated Dan Shapiro, senior vice president and primary advancement officer of Caesars Digital. "It's all a math equation for us, and you're altering the vibrant here." Classing it up At the moment, FanDuel is the only online sportsbook operator authorized to do something about it throughout the majority of the district, serving as a subcontractor to Intralot, which contracted with the D.C. Lottery. Other operators, such as BetMGM and Caesars Sportsbook, are confined to professional sports locations such as Capital One Arena and the two blocks around them. Councilmember Kenyan McDuffie's Sports Wagering Amendment Act would modify the status quo by allowing existing operators to take bets throughout nearly the entirety of the district, with exceptions for the two blocks around pro sports locations and federal government residential or commercial property.