Washington, D.C.’s Office of Lottery and Gaming on Tuesday morning opened the application process for sports betting licenses. There are four licensing categories listed — operator, management services provider, supplier and occupational — and the fees differ per license, the highest being $500,000 for a Class A license in one of the four professional sports venues approved for sports betting. All licenses will be valid for five years. 325tn
As per the new law, potential licensees must have some local connection. The application spells that out as such:
Requires applicants for an Operator License (Class A and Class B) or a Management Services
Provider License to demonstrate local business participation, as certified by the Department of
Small and Local Business Development (DSLBD), before the OLG can issue a license.
Class B licenses may include bars, restaurants and hotels, so long as the establishments are outside “exclusivity zones” from Class A license holders. Any Class A or B or management services provider applicants must show that at least 35 percent of their operating budget will be subcontracted to one or more Certified Business Enterprises or is a certified t venture under the CBE Act and is also a certified small-, disadvantaged- or resident-owned business or the applicant receives a waiver from the Department of Small and Local Business Development.
Big breaks available 1j5m5s
The law offers big breaks to businesses that meet the requirements of the CBE. As an example, while a Class A license costs $500,000, if it is “a certified t venture pursuant to the CBE act,” then the application fee drops to $125,000.
Just getting to the application form takes a few steps, including ing for an with the OLG. To actually get into the application, potential licensees must have a valid Basic Business Number.
There are 10 steps to the application process, and according to the application website, potential licensees can start the process and complete it within 90 days. According to Fox5 News, once an application is submitted, the OLG’s review process will take up to 45 days. Assuming an applicant takes 90 days from today to file and the OLG takes 45 days to review, the application would be approved by mid-April.
The following steps comprise the application process:
- basic business license
- Provide applicant information
- Execute criminal background check
- Provide information on all government-issued licenses and permits
- Provide information about business organization and structure
- Provide applicant and stakeholder contribution and disbursement information
- Break down financial interest of applicant and stakeholder
- Provide requested ing documents
- Review and application
- Make payment and submit application
Provisional licenses available 322t1s
Some businesses will be able to apply for a provisional license. According to the OLG, operators already licensed in any of the states with legal live sports betting — Delaware, Indiana, Iowa, Mississippi, Nevada, New Jersey, Pennsylvania, Rhode Island and the West Virginia — or in British Columbia may apply for a provisional license in the “same category of license as being applied for in the District.”
It appears that a provisional license would allow an applicant to begin sports better sooner than getting approval for a standard application.
A provisional license will be valid for six months and applicants must start the standard licensing process within 10 days of submitting a provisional license. The full application fee is due with a provisional license, which could be revoked if the standard license is denied.
