It was only a matter of time before a sportsbook popped up in a professional sports arena, and it appears that the time is finally coming. The ironic thing is that it will be taking place in our nation’s capital, and it is clear that sports betting is taking over the country. Capital One Arena in Washington, DC, will be the site of this brand new sportsbook, although it is still unclear when construction will begin and how the sportsbook will operate once it is open for business.
Ted Leonsis is the owner of Monumental Sports, and he has made it clear that he wants to open up a sportsbook in his arena. Monumental Sports owns the Washington Wizards, Washington Capitals, and Washington Mystics, and all three of them call the Capital One Arena home.
Leonsis has wanted to bring a sportsbook inside Capital One Arena for quite some time, and he is going to get his wish thanks to William Hill. William Hill is one of the leaders in this ever-growing sports betting industry, and it jumped at the chance to partner with Leonsis and Monumental Sports.
What Information Has Been Made Available
There are still plenty of details that need to be ironed out, but there have been some early indications of what the new sportsbook will entail. William Hill will be the owner and operator of the sportsbook, and it will offer sports betting via a mobile app.
Patrons inside of the sportsbook will be able to place bets on their phones, but people nearby the arena should be able to take advantage of the app as well.
The arena sportsbook is going to be open 365 days a year and will continue to be open whether or not there is an event taking place. Food and beverages will be available within the sportsbook, which is expected to span multiple levels inside of the arena.
William Hill and Leonsis are being careful not to reveal too many of their plans because another company and team could steal it and beat them to the punch.
Leagues Want Their Money
Initially, professional sports leagues were opposed to the thought of legalized sports betting, but that is no longer the case. Leagues such as the NBA, NHL, and NFL have finally realized the potential amount of money available to them, and they have decided to partner with major sports betting companies rather than be left out in the dark.
William Hill already has a sponsorship deal with the NBA, and opening up a sportsbook inside of an arena is the next logical step.
DC Legalizing Sports Betting
This announcement came just shortly after Washington, DC, announced that it is planning on legalizing sports betting in the DC area. Lawmakers in Washington, DC, are planning on launching a mobile app that would be available to DC residents as well as people in the surrounding area.
As part of that announcement, it also announced that arena sportsbooks would be legalized, and that is when Leonsis and William Hill began their discussions.