The District of Columbia Lottery started reviewing feedbacks to their proposed sports betting regulations. One of the proposals is the issuing of provisional bookie licenses for firms with established sportsbooks in other states.
Established sportsbook operators can start taking wagers sooner than a startup. The provisional license rule allows sports betting operators, bookie pay per head solutions providers, and operators to present proof of a current license from another state. In addition, the applicant needs to submit forms required by the DC Lottery.
An experienced bookie has the advantage because they already have the information needed by the regulator to start a review. It makes it easier for the regulator to evaluate the application. On the other hand, they need to be stricter in inspecting the documents submitted by a new sportsbook.
Provisional Bookie Licenses
Although it is ideal to go to an experienced bookie, there are many companies wanting to enter the US market. For instance, Betfred, a UK-based bookie, announced that it signed a deal with an Iowa casino to operate a sportsbook. Also, sports website The Score wants its share of the sports betting market by launching a mobile site in New Jersey later this year. Now is the right time to learn how to be a bookie.
Also, some small businesses might want to venture into the sports betting industry. They find a bookie pay per head provider to help them with their new business.
Once the rules on sports betting have been approved, the DC Lottery will start taking applications for licenses. The state hopes that sportsbooks are able to begin taking bets in time for football season.
However, the schedule is not yet set in stone. They don’t want to compromise diligence to fast track the process. A DC Lottery official told the King of Pay Per Head that getting a provisional license doesn’t guarantee a standard sportsbook license. In fact, the applicant needs to meet all the requirements of the Lottery or else the provisional license will be revoked.
