The District of Columbia amended its sports betting regulations to allow a retail sportsbook at Capital One Arena. This is home to the NBA’s Washington Wizards and the NHL’s Washington Capitals.
The way the regulations are worded, legal betting through a mobile sportsbook app can extend around the arena in a two-block radius. The arena itself is home to a retail sportsbook. Capital One is the first professional sports venue in the nation to offer legal sports betting within its establishment.
Capital One Partnership
Capital One Arena is owned and operated by Monumental Sports and Entertainment. With the changes to the regulations in Washington DC, this company formed a strategic partnership with Caesars Entertainment.
Caesars Sportsbook at Capital One Arena is located at the corner or 6th and F Street in the District. The physical building is connected to the arena. The venue covers over 20,000 square feet of space filled with big-screen televisions to view all the action.
There are 20 betting windows at the main counter with more than a dozen betting kiosks located throughout the facility. There is also great dining options as part of the entire entertainment experience.
Monumental Sports and Entertainment along with Caesars have gone out of their way to make this sportsbook a destination outside of just basketball and hockey games.
Capital One Arena’s Sports Betting Appeal
Sports fans in the DC area tend to agree given the positive response so far. Online sports betting through mobile sportsbook apps account for the majority of the betting handle. However, the ability to bet the games in a retail environment offers widespread appeal to avid sports fans.
One of the biggest advantages a retail sportsbook offers is the ability to engage sports fans. In-house promotions and contests help build excitement, especially on game day. Capital One Arena offers a prime location to take full advantage of this opportunity.
Adding in the support of both the NBA and NHL as major US professional sports leagues is an added plus. Cross promotions with the teams is another great way to engage and energize the fan base.
Marketing efforts are aimed at giving area fans a reason to come out early ahead of the games. They are also geared at extending the experience after the game as well. As a major player in the industry, Caesars Sportsbook itself is a strong draw.
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FAQ
The Betting Odds Calculator is a tool designed to help bettors determine potential winnings for their bets. It simplifies the calculation of odds and payouts based on the amount wagered and the odds provided by the sportsbook.
The Betting Calculator is crucial for simplifying complex calculations, providing quick and accurate results for odds and potential winnings.
For (-) American odds, representing favorites, the formula is (Stake / Odds) * 100.
Year-Round Sports Betting at Capital One Arena
Another big benefit to the owners of Capital One Arena and Caesars is the year-round nature of this sportsbook. The arena hosts close to 230 events a year. Overall, Capital One Arena plays host to more than three million visitors in conjunction with those events.
Caesars Sportsbook turns Capital One Arena into a 365-day destination since it is open seven days a week. Nearby attractions make this an immediate tourist destination for anyone visiting Washington DC for business or for pleasure.
The owners may be a bit biased, but they believe that Caesars Sportsbook has the best sports bar in town. Even before the new season in the NBA and NHL got underway, Caesars Sportsbook has been packed on weekends for college football on Saturdays and Sunday’s games in the NFL.
