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Summary:
- FanDuel will launch in the district via a new wagering subcontract with Intralot.
- The operator has received the Office of Lottery and Gaming for the District of Columbia’s approval.
- Columbia residents will gain access to FanDuel’s mobile app, retail sports betting platforms, and website.
The body that regulates privately-operated sports wagering in the District of Columbia, the Office of Lottery and Gaming (OLG) has officially confirmed that it has given the green light to FanDuel to launch in the district.
This will be possible thanks to the newly signed sports wagering subcontract with Intralot, the leading supplier of integrated gambling, game content, transaction processing systems, game sports betting management and interactive gambling services to state-licensed gaming organizations.
The FanDuel App to Launch in Columbia This Spring
As a result, Colombia (Washington DC) residents will be given access to the operator’s mobile app, website, and retail sports betting platforms.
The app will launch in Columbia in the spring and will only be available to residents and visitors inside the jurisdiction.
OLG’s executive director, Frank Suarez, explained that FanDuel’s leading offering in the industry is expected to help Colombia maximize its tax revenue under current contracts in 2024 while also delivering best-in-class experiences to residents over the age of 18.
Intralot to Pay the $5M Launch Fee
To be allowed to launch the sports betting app in Columbia, FanDuel will need to cover an initial $5 million fee.
The fee will be covered by Intralot. The company will also offer extra funds needed to cover the OLG’s sports betting operating costs.
Some of the money will also go towards an initiative aimed at boosting sports betting revenue.
Sports wager revenue will fuel a general fund that will support a series of programs that will sponsor local businesses and businesses owned by minorities as per the Certified Business Enterprises program.
GambetDC‘s present retail kiosks will be replaced with FanDuel’s branded kiosks in time for the launch.
In other news, FanDuel has recently acquired BeyondPlay, to help with its product development.
America’s #1 Sportsbook and premier mobile sports betting operator started as a backyard Texas brainstorm between five co-founders, turning into the driving force in today’s multibillion-dollar industry.
The company has over 1 million registered users.
