Fanduel To Launch in Washington DC - Replacing GambetDC on April 15th

GambetDC misunderstood the market – believing that casual bettors weren’t looking for highly competitive odds.
Washington, DC, is poised for a significant change in its sports betting landscape as FanDuel is set to replace GambetDC as the district’s primary sports betting app starting April 15th, 2024.

This move, endorsed by the Washington, DC, Office of Lottery and Gaming (OLG), follows GambetDC’s underwhelming performance, (in addition to its notable iOS malfunction during the Super Bowl Sunday of 2022).

GamBetDC lost millions of dollars throughout 2021 as a result of significant investment in marketing and lower-than-predicted revenues across the year.

In 2022, the DC Lottery revealed that GambetDC cost the district an estimated $4 million during its first full year of operation.

Transition Timeline

Fanduel To Launch in Washington DC - Replacing GambetDC on April 15th

This transition will include a phased integration of FanDuel betting kiosks across the district, replacing the existing GambetDC kiosks.

For ongoing wagers, GambetDC has clarified that bets on events before July 1, 2024, will be honored until their conclusion, while bets on events from July 1, 2024, onwards will be nullified and refunded.

Financial Promises and Projections

Fanduel To Launch in Washington DC - Replacing GambetDC on April 15th

Potential for Increased Competition

Fanduel To Launch in Washington DC - Replacing GambetDC on April 15th and Caesars Sportsbook into the broader market. These entities currently operate mobile betting within a limited radius around their physical locations, but the new measure could pave the way for their expansion across the district, increasing competition in a market that already faces comparisons with neighboring Maryland and Virginia‘s diverse betting options.