Caesars Takes Over Sports Betting Kiosks in Washington D.C.

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00:00Now, if you owned or the owners of Gambit were in play, that's probably not a good,

00:10that was not a good investment.

00:12Because Gambit, as we know, is now out of Washington, DC.

00:15That's primarily where they were.

00:18And they had their form of, I guess, sports betting operation through these kiosks is

00:24my understanding.

00:25And again, I'm reading about this over Legal Sports Report.

00:28But they've been out.

00:29They've been doing this for a while.

00:30But what we didn't know is who was going to be taking over these kiosks.

00:33And my understanding is there has to be more than 50 in place by the beginning of October.

00:39So without ruining the story completely, which sports betting company is taking over for

00:43Gambit?

00:45And what did I miss as part of the story?

00:47Well, it is an interesting story.

00:49It's Caesars that's going to take over.

00:51And basically, at some point between today and October, they're supposed to get those

00:57kiosks in.

00:58And by that October date, it's interesting, Craig, because Gambit was a partnership between

01:04the DC Lottery and Intralot.

01:06And Intralot came into the U.S. thinking, well, we can get recreational bettors.

01:11And so we're going to juice those lines a little bit more.

01:14And the DC Lottery unfortunately said, OK, cool, we're with that.

01:18And it didn't work, right?

01:19We had in the middle of the pandemic, Craig, you had people lining up around the block

01:25to go to the William Hill kiosk at Capital One Arena instead of betting online with Gambit.

01:31That's how bad the odds were.

01:33And so it's a bit poetic justice that Caesars is taking over because Caesars is the one

01:37that bought William Hill.

01:39So Caesars will now be in charge of all of those kiosks.

01:43Look, those kiosks have been the source of a few interesting stories from DC.

01:51We had one guy at a sushi shop take them for almost a million dollars.

01:58They had to cut out some sports they were offering because of that.

02:03The kiosks have been interesting, but Caesars is going to take over control of them now.

02:07We had a little bit more news from DC last week as Fanatics is now live in the DC market

02:12as well.

02:13So it's a huge shift for DC going from only Gambit being available throughout DC on your

02:20phone except for those federal areas, to now you have Caesars, DraftKings, Bandle, BetMGM.

02:27And the numbers show it.

02:28The numbers, they've been doing very well so far compared to what it just was with Gambit.

02:34So DC sports betting, we're going to keep talking about it, Craig, because more people

02:39are looking at it saying, you know, oh, maybe I can get in there.

02:42And the OLG tried for so long, the Office of Lottery and Gaming in DC, they tried for

02:48so long to say, look, COVID just ruined sports betting in DC.

02:52People work from home.

02:53We don't get the same kind of traffic.

02:54And we're seeing that, no, it was just a bad sports betting product.

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