Sportsbook to Open in Capital One Arena

Sportsbook to Open in Capital One Arena

Ted Leonsis, owner of the Washington Wizards in the NBA and Washing Capitals in the NHL, confirmed his plan to put a sportsbook in Capital One Arena. It is home of his sports teams. If the plan pushes through, it will be the first physical betting operation in a sports arena.

Leonsis told sports news sites that the sportsbook will be inside Capital One Arena. However, people can access it from the outside. In addition, consumers can access it inside depending on the event or league.

His company, Monumental Sports and Entertainment, recently bought out the lease of The Green Turtle sports bar. A pay per head bookie speculates that MSE will replace it with a retail betting outlet. The sports bar is found on the ground floor of the arena. Also, it will stay open until April 9, which is the last home game of the Wizards.

Sportsbook at the Capital One Arena

Sportsbook to Open in Capital One ArenaAccording to Leonsis, a third party will run the sportsbook. Also, he wants the relationship to be innovative and worthwhile. In fact, he is looking for a partner that will do something out of the box.

The sportsbook will be the first retail sportsbook in the District of Columbia. MSE has been trying to bring innovation in the sports betting industry. On January 11, the company aired a pilot broadcast of a match between the Wizards and Bucks with real-time data. In fact, it was a trial broadcast of how gaming broadcasts will be in the future.

Ted Leonsis’ venture capital company Revolution Growth has invested in various gambling entities. They include data company Sportradar, sports betting firm WinView, and fantasy sports firm DraftKings.

In February, the DC Council voted to make sports betting legal. In fact, sportsbooks in the city can start taking wagers before the end of 2019. The DC Lottery will supervise the activity in the city.