The Office of Lottery and Gaming (OLG) has named FanDuel as Intralot’s new sports wagering subcontractor. Per the terms of the deal, FanDuel will launch its sports wagering app to players in Washington DC.
Players will also have access to FanDuel’s website and retail platforms.
OLG Executive Director Frank Suarez commented, “FanDuel’s industry-leading offering will ensure that the District maximizes tax revenue under its existing contracts this year while delivering a best-in-class experience for 18+ residents.”
OLG went on to add that it will continue to “maintain its strong commitment to responsible gaming oversight.”
The company further stated, “All users will now have access to FanDuel’s industry-leading problem gambling prevention, education, and advocacy resources.
“The FanDuel platform offers built-in app safeguards, allowing customers to set deposits, wagers, and time limits for their play.”
DC residents can expect FanDuel to launch its products this spring. Both FanDuel and the OLG anticipate that this collaboration “will bring immediate financial benefit” to the DC area. As part of the agreement, Intralot will pay an initial $5m fee during the 2024 fiscal year.
Intralot will take on OLG’s current sports wagering operating costs as part of the deal as well. The OLG said this can “providing additional savings to help increase the revenue from sports wagering that will go to the District’s general fund, allowing the District to fund critical programs.”
FanDuel recently teamed up with the nationally known non-profit Operation Hope to empower Massachusetts players and encourage responsible gaming.
Operation Hope collaborated with FanDuel to offer free financial counseling to residents throughout the state through a program called Hope Inside.
