WASHINGTON – Phase II of the $50 million renovations to Capital One Arena was announced by Monumental Sports & Entertainment earlier this week.

Monumental Sports, who owns the venue, released their plans for the privately funded $15 million addition which includes adding a new scoreboard, LED video boards, and a sports betting themed restaurant where spectators of the game can place wagers.

Ted Leonsis, the owner of the NBA’s Wizards, NHL’s Capitals and Monumental Sports, expects “a very high-end world-class restaurant called the Sports Book” to be the staple of the arena.

The plan is to have the Sports Book provide an outlet for sports betting inside the arena; however, the wagers taking place will not just be centralized around the Capital One Arena.

“There will be televisions showing games from all over the world,” said Leonsis.

Wizards fans have already been introduced to a form of live in-play betting should they choose to watch games on NBC Sports Washington. With this, you answer the question presented and the players with the most correct answers at the end of a game win a prize.

However, the Sports Book will be a full-service single-game wagering operation as the District approved a measure to allow sports betting late last year.

“Investing in a technologically-integrated venue experience is paramount to our mission of creating monumental memories for our fans,” David Touhey, President of Venues at Monumental Sports, said.

The technology Touhey is talking about is a 360-degree video screen that will be positioned over mid-court (center ice) for all to see. The screen will consist of over 7,000 square feet of LED display.

But that’s not all. The plans to make Capital One Arena the best venue in the country continue with a display entitled the SkyRing. This will be the largest display in any U.S. venue, measuring 390 feet in diameter.

Monumental Sports has invested over $100 million into Capital One Arena since they bought the venue and the most recent renovation is set to finish by the fall of this year.

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