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GambetDC Announces Plans to Shutter in D.C., FanDuel Takes over as Subcontractor The world of sportsbooks in the nation's capital is set to look a little bit different beginning next week. After reports earlier this month that GambetDC, the official sportsbook of D.C.’s Office of Lottery and Gaming (OLG) would be moving over to FanDuel as its subcontractor, D.C.’s only sports betting app finally made the announcement official and confirmed it would be closing shop on April 14. FanDuel’s app will subsequently become available on April 15. Outlining the details in an FAQ released to the GambetDC’s website, the explainer follows up on the news last month that the OLG had approved FanDuel as the District’s sports wagering operator. "FanDuel’s industry-leading offering will ensure that the District maximizes tax revenue under its existing contracts this year while delivering a best-in-class experience for 18+ residents," OLG executive director Frank Suarez said via the initial March press release. Among the additional insights, GambetDC also confirmed that the final day to withdraw funds from accounts will be six months from the final wager date on Oct. 15, and that open bets for events after June 30 will be cancelled, with players provided refunds on bets. In-person retail locations will also transition to FanDuel branded locations via a "phased approach," according to the FAQ, with plans to complete the transition before the end of the year. A fresh look for D.C. betting Intralot, the betting company that has been operating in D.C. under the GambetDC branding, will assume OLG’s operating costs associated with sports betting in the wake of the deal, believed to be between $2 million and $4 million annually. Additionally, an initial $5 million platform conversion fee will be paid alongside a guaranteed increase in revenue for OLG given the $10 million per year for the following four contract years, totaling $45 million.