Gambling Wizards

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Gambling in Washington

Washington Wizards Looking to Open Sports-book in Arena

Not much is going on with the Washington Wizards’ on-court product.

Dwight Howard, the Wizards’ prized offseason acquisition, is out indefinitely and superstar point guard John Wall is out for the season following surgery. Kelly Oubre was shipped out of town and it is very possible that Bradley Beal and Otto Porter may follow suit as the Wizards figure to be focusing on a complete teardown and rebuild.

But while things aren’t going too swell between the opening and final buzzer, the Wiz have big plans for their arena.

The Wizards are one of the few NBA teams looking to leverage gambling opportunities. Monumental Sports and Entertainment is set to attempt to create a multilevel sports-book inside the arena. Sports gambling in Washington is expected to be legalized this upcoming spring.

“We want to try to give the arena life outside the game window,” said Zach Leonsis, Monumental’s senior vice president of strategic initiatives. “As soon as the game ends, we push 20,000 people out of the arena. For years the Capitals have played a home game on Super Bowl Sunday. Now the game ends and everyone leaves to watch the Super Bowl. Why wouldn’t we encourage them to go watch it in a spectacular sportsbook?”

Ted Leonsis, the owner of the Wizards already owns stakes in gambling-related companies such as DraftKings and WinView.

 

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