Washington, D.C. lawmakers are taking hard look at an expansion to its sports betting market landscape.
The Business and Economic Development Committee today heard several hours of testimony on Council Member Kenyan McDuffie s , which would allow up to seven online sports betting operators in the district, an increase from the current monopoly has in the market. FanDuel replaced GambetDC last month with permission from the D.C. Lottery s partner Intralot.
While most operators were in favor of the online sports betting component of the bill, one major gaming company had serious concerns over a portion of the bill that would increase the district s retail sports betting tax rate from 10% to 20%.
Additional Operators Means More Business for All
McDuffie s bill wou…