Washington’s NBA and NHL franchises are planning to depart their longtime nursing home inward the nation’s great for a young installation in Northern Virginia.
Virginia Gov. Glenn Youngkin (R) and the teams’ owner, Ted Leonsis, Midweek proclaimed plans to build a unexampled arena coordination compound for the Booker Taliaferro Washington Wizards and Capitals in Alexandria, Va., a few miles from the teams’ longtime rest home inwards central Washington, DC, Washington One Arena.
If all goes according to plan, the new scene of action will lead off grammatical construction inward 2025 and the teams would relocate past 2028. Several hurdles remain between now and then, including state and local governance approvals, and the DC regime is ease trying to convince Leonsis to commute his mind.
Monumental Sports and Entertainment, the Leonsis-led fast(a) that manages the team and arena, said it hopes to hold Washington One Arena opened as place to the WNBA President Washington Mystics as easily as concerts and events throughout the year.
DC’s Most Lucrative Sportsbook
It is unclear what the promulgation would miserly for the Caesars Sportsbook placed interior Washington One Arena. Representatives for Caesars and Monumental did not respond to requests for comment Wednesday.
The sportsbook is the most remunerative of the retail sports betting facilities inwards the District of Columbia.
Bettors wagered nearly $6 meg at the Caesars Sportsbook privileged Washington One Arena in October of this year, the most recent month for which information are available, according to the DC Lottery Commission. By comparison, the indorsement largest palm that month inwards the urban center came inwards at $3.3 jillion from the Bet MGM sportsbook at Nationals Park, place of the city’s MLB franchise.
If the sportsbook remains open, losing its marquise tenants may concentrate visits to the site, although the arena’s convenient location close to DC’s exchange business organisation territory should facilitate it defend some foot traffic.
Indeed, fifty-fifty during the NHL and NBA offseason, bettors who wagered inwards person were to a greater extent likely to go away to Washington One than anyplace else inward DC. In July, the slowest month of the year, Caesars handgrip at Washington One was nearly $2.7 million, compared to $1.2 meg at Bet MGM at Nats Park.
A New Outpost for Virginia Sports Betting?
The proposed VA installation is being pitched as a “World-Class Entertainment District” that would include a unexampled arena, corporate military headquarters for Monumental Sports & Entertainment, team up pattern facilities, a performing arts locale and other development.
The proclamation made no more bring up of plans for a sportsbook inwards the arena, but sports betting is sound in Virginia so it would be unsurprising to control unity proposed for the site. Caesars has been a licensed vendor inwards Old Dominion State since 2021, but it is only when useable online.
While in-arena sportsbooks have turn comparatively unwashed in the five years sports betting has proliferated inwards the U.S., they are non something antecedently contemplated inwards the Old Dominion. Old Dominion is currently the largest U.S. body politic that is non nursing home to a major professional sports franchise.
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