Posted: January 13, 2025, 01:44 pm.
Last updated: January 13, 2025, 01:44 pm.
ESPN Bet will launch mobile sports betting operations in the nation's capital later this year.

ESPN Bet, a wholly owned subsidiary of Penn Entertainment, today announced a strategic partnership with Monumental Sports & Entertainment. Monumental is the sports holdings company of billionaire Ted Leonsis.
The deal between Penn and Monumental, pending regulatory approval, will give ESPN Bet market access to operate its online sportsbook in Washington, DC. As part of the agreement, Penn and ESPN Bet will work together with Monumental to “enhance the fan experience through a multiple.” -Channel, integrated marketing partnerships.
“We are proud to partner with Monumental Sports and its teams to unite the energy of DC Sports with our world-class platform,” said Aaron LaBerge, Chief Technology Officer, Penn Entertainment. “This deal expands our footprint in the region, and connects ESPN Bet with one of America's most passionate sports communities.”
Monumental owns and operates the NBA Washington Wizards, the NHL Washington Capitals and the WNBA Washington Mystics. Monumental also owns the Monumental Sports Network, DC's Capital One Arena and EagleBank Arena on the George Mason University Fairfax campus.
capital access
ESPN Bet will have a media presence at Capital One Arena, home of the Capitals, Wizards and Georgetown Hoyas men's basketball team. Monumental owns the facility which opened in 1997. The Mystics play at the city-owned Entertainment and Sports Arena in Congress Heights.
Monumental acquired retail sports betting rights through the city's legal expansion of sports gambling in 2019, which provided sports facilities with sportsbook license opportunities. There is a one-time fee of $500K for each license associated with a sports stadium or arena, with a fee of $250K for annual renewal. Gross revenue is taxed at 10%.
While Monumental is leveraging one of its online sportsbook rights to ESPN Bet, the deal does not include the Capital One Arena sportsbook. That license is retained by Caesars Entertainment. Caesars Sportsbook at Arena opened in May 2021.
However, DC will mark the 20th jurisdiction in the country where ESPN Bet operates.
DC presence
In August 2023, Penn Entertainment agreed to pay espn $1.5 billion over 10 years to use the sports media company's likeness in the casino operator's sports betting business. Penn sold Barstool Sports to Dave Portnoy for $1 after spending more than half a billion dollars for the company.
Amidst the Covid-19 pandemic, espn Opened his own television studio in DC for “SportsCenter with Scott Van Pelt”. The veteran sportscaster grew up in the capital metro and after spending decades in Connecticut he asked his employer to allow him to work there to be closer to family. espn Is the headquarters.
DC's sports betting industry is finally thriving after the city government last year ended Intralot's GambetDC's online monopoly and allowed brick-and-mortar sports facilities to partner with online sportsbook operators. Although the nation's capital is home to only about 702K people, more than only Vermont and Wyoming, DC is one of the most visited cities in the country.
In November, more than $68.2 million was wagered through DC retail and mobile sportsbooks. FanDuel is the leading operator, accounting for $35.5 million in the November handle. FanDuel runs its own online book as well as in-person betting at Audi Field, home of the MLS DC United soccer team.
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