FanDuel Taking Over as DC's Sports Betting Provider After GambetDC Disappoints

• FanDuel to replace troubled GambetDC as D.C.'s sports betting provider starting this spring

• GambetDC underperformed expectations, bringing in only $4.3 million vs projected $84 million

• FanDuel guarantees $45 million in revenue over 5 years, projects $119 million total

• FanDuel a well-established operator available in 22 states including MD and VA

• FanDuel to phase in new retail kiosks over the summer, replacing GambetDC machines