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JonKneeThen t1_j9y33ds wrote

What’s the issue? It’s just tax revenue the same way liquor, cannabis, tobacco, and lottery are. Vice responsibly

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rrocketman88 t1_j9y7qqv wrote

The app sucks and the city isn’t making much money. They likely could have made more by just licensing out gambling to national providers like FanDuel, Draft Kings, and Barstool.

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gator_fl t1_j9yager wrote

It sucks and actually lost $4M in 2022 when expecting $92M.

https://www.legalsportsreport.com/73493/councilmembers-skeptical-gambetdc-dc-sports-betting-2022/

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rrocketman88 t1_j9yb9mq wrote

And it cost taxpayers $250M to build the shitty app. The shitty app was built by a councilman’s brother I believe. Pure corruption.

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metrazol t1_j9ycv3f wrote

"cost" Only two people have lost money running a casino: Donald Trump and DC.

Some day the transcripts of the chats will come out with "Consulting fees" and "carry out receipts" and "bribes... I mean uh... not bribes" and it will be hilarious.

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JonKneeThen t1_j9yj1g6 wrote

Ahhh if that’s where OP was heading then absolutely. That’s a big miss for a business where the house has the upper hand.

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johnbrownbody t1_ja0zygr wrote

Alternatively just don't legalize sports gambling would have been better

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gator_fl t1_j9ya73d wrote

You'd think tax revenue. Only in DC is gaming a $4M loss in 2022 when they were projection $92M in profits.

https://www.legalsportsreport.com/73493/councilmembers-skeptical-gambetdc-dc-sports-betting-2022/

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steveaustin69 t1_j9yjoza wrote

that article doesn’t really get into the corruption laced bid process but good grief what a damning article. “we projected out dc was full of idiots so we could put out shitty odds compared to other books and people would just bet instead of looking for the best odds.” what a predatory practice.

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mr_grission t1_ja0u06c wrote

It wasn't even like you had to do the research yourself and compare odds. WaPo and other places were reporting on the comparatively terrible odds and Gambet rightfully earned a terrible reputation with even novice bettors before they needed to shop around.

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gator_fl t1_j9yz7pt wrote

Google and will see articles as well as Council hearings on this fine mess. Council Members tippy-toed around Gambet cause they all know it was rigged and who's family/cronies benefited from a no-bid contract would lash back: Councilmember’s cousin listed as CEO of company for contract https://apnews.com/article/83e5a28771db42c490f49428947da4ed

Our government gets fleeced all the damn time, and often by those connected to corrupt officials. Even crazy shit like contractors owning DC data that has PII and financial records (contracting officials asleep at the wheel or corrupt). The Director Beth Bresnahan (sp?) resigned "for personal reasons"....nah....ya dun F'd up!

The wildest thing was seeing people line up outside Capital One Arena to bet in person, cause the app was just terrible.

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steveaustin69 t1_j9yj1yr wrote

It is the absolute worst gambling app i’ve ever seen. The books offerings are not competitive (e.g you can only place the most boring bets) There is no competition, and they somehow lose money.

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Gumburcules t1_j9zsktb wrote

> (e.g you can only place the most boring bets)

Yeah, I am not a sports or betting person at all but I had a family obligation to watch the super bowl with people and I figured I could at least make some fun bets to make watching interesting.

They had literally none of the prop bets every other site had. You could bet on the outcome of the game and a few scores at the quarter/half and that was it. I didn't even care about getting good odds, I just wanted interesting bets. They could have easily had my money but instead they got nothing because their bets suck.

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J-Team07 t1_j9yr1v5 wrote

Except it’s revenue negative, hence a liability to the city.

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