As the anticipation grows for the launch of sports betting in Washington, D.C., two major players in the industry, BetMGM and Caesars Entertainment, are eagerly awaiting Mayor Muriel Bowser’s signature on the city’s budget that includes provisions for the legalization of sports betting.
The budget, which was recently approved by the D.C. Council, includes language that would allow for the operation of mobile sports betting apps within the city limits. This would open up a lucrative market for companies like BetMGM and Caesars, both of which have been actively seeking to establish a presence in the nation’s capital.
BetMGM, a joint venture between MGM Resorts International and GVC Holdings, has been making waves in the sports betting industry with its innovative app and online platform. The company already operates in several states, including New Jersey, Nevada, and Michigan, and has established itself as a major player in the market. With the potential for a launch in D.C., BetMGM is poised to capitalize on the growing demand for online sports betting in the region.
Caesars Entertainment, one of the largest casino operators in the world, is also looking to enter the D.C. sports betting market. The company recently announced a partnership with local operator Washington Football Team to launch a sportsbook at the team’s stadium, FedExField. This strategic move will allow Caesars to establish a strong presence in the region and attract sports fans looking to wager on their favorite teams.
Both BetMGM and Caesars are eagerly awaiting Mayor Bowser’s signature on the budget, as it will signal the official launch of the D.C. sports betting market. Once the budget is signed, companies will be able to apply for licenses to operate in the city, paving the way for a new era of sports betting in the nation’s capital.
With the potential for a lucrative market and strong demand from consumers, BetMGM and Caesars are poised to make a significant impact on the D.C. sports betting scene. As they wait for Mayor Bowser’s signature, both companies are gearing up to launch their mobile apps and online platforms, offering sports fans a convenient and exciting way to wager on their favorite teams. The future of sports betting in D.C. looks bright, and BetMGM and Caesars are ready to lead the way.
