District of Columbia to Offer Internet Gambling

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The District of Columbia is the first U.S. jurisdiction to allow Internet gambling. District officials are hoping to raise millions to offset budget cuts and also get ahead of the gaming mega states New Jersey and Nevada.

Congress was given a 30-day period to object to the gambling proposal, but it expired last week.

Conservative estimates from D.C.'s chief financial officer indicate the district could bring in around $13 million to $14 million through fiscal year 2014, according to D.C. Council member Michael A. Brown's office. Brown authored the provision.

"Anytime you're cutting budgets and you want to save some programs, you're looking for different pieces from different pots and you hope that you get to the number that restores those budget shortfalls and that's what we're trying to do with this," Brown said.

The gaming will be operated by Intralot, a Greece-based company, and would be available only to gamblers within the borders of the district.

D.C. lottery officials said they were in talks with their vendor and expect to know more about when the games will be up and running within weeks.

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