Monumental Sports & Entertainment operates in the sports and entertainment field, managing professional sports teams, esports ventures, and venues mainly in the Washington, D.C. region. It earns money from ticket sales, sponsorships, merchandise, and media rights, and also generates revenue from its esports initiatives and sports betting platforms that use large data to improve the user experience. The company uses technology and data to boost fan engagement and optimize experiences for fans, players, and event-goers. Its differentiators include owning a diversified portfolio across traditional sports, esports, and betting, and applying data-driven, tech-enabled approaches to entertainment and live events. The goal is to grow multiple revenue streams while growing the local economy through innovation, job creation, and enhanced fan experiences.
Company Size
501-1,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Washington DC, District of Columbia
Founded
1997
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Zach Leonsis promoted as Wizards, Capitals near $750M in revenue. September 15, 2026 9:00am Zach Leonsis has been promoted at Monumental Sports & Entertainment, a move that pushes him closer to taking the reins of the sports empire currently run by his father, Ted. As part of a series of executive moves, MSE announced Tuesday that Zach Leonsis will assume the newly created position of president and vice chairman. In that role he will oversee the group's finance, technology, venue and media businesses, adding an operational layer underneath Ted Leonsis and across the parent of the NBA's Washington Wizards and NHL's Washington Capitals. The move comes amid rapid changes in sports ownership, both in Washington D.C. and nationally. Monumental expects to generate "almost $750 million in revenue" in fiscal 2027, Ted Leonsis told employees Tuesday in a letter announcing the changes. He added that he believes the organization can top $1 billion within the next two years, a target the group set for itself back in 2019. In an interview to discuss the new role, Zach Leonsis said the move should help create efficiencies and broader collaboration across Monumental, a D.C.-focused sports platform company that includes the teams, real estate, media, technology and more. He called it a "deliberate change to take a step forward into the future." "My father is still CEO and sets the day-to-day high-level vision and the long-term vision," Leonsis said, "but this is an opportunity [for me] to complement and support him and take on a broader set of responsibilities." Zach Leonsis is one of a number of next-generation owners who have taken significant leadership roles within their family sports businesses. While this has been perhaps most common in the NFL, where a handful of teams have been owned by the same family for roughly a century, it's not unheard of in the NBA. Stan Kroenke's son, Josh, is president of the Denver Nuggets. Micky Arison's son, Nick, is CEO of the Miami Heat. Michael Reinsdorf, son of Jerry Reinsdorf, is president of the Chicago Bulls. Sportico current values the Wizards at $4.78 billion and the Capitals at $2.3 billion. The WNBA's Washington Mystics, also part of MSE's portfolio, are worth $310 million. As part of the executive reshuffle, MSE president of venues Jordan Silberman will take on additional responsibilities underneath Zach Leonsis. Grant Hastings is being elevated to CFO and will also report to Leonsis. Hastings is replacing Steve Miller, who was hired last year and is leaving for personal reasons, according to the release. Miller's hiring last September was notable in that he had public company experience with Warby Parker (NYSE: WRBY) and Monumental's leaders have been outspoken in their desire to run Monumental more "like a pre-IPO company." Zach Leonsis said this week that Hastings' promotion doesn't change that philosophy. "We've always tried to communicate to people that we want to be acting like a pre-IPO company, but not necessarily with the intent to pursue an IPO in the next couple of years," he said. He added that those priorities include cybersecurity, data governance, people and culture policies and more. Governance of the teams will also remain unchanged. Ted Leonsis is the primary governor of the Wizards, Capitals and Mystics. Zach Leonsis will remain the alternate governor of the two basketball teams. Zach Leonsis has spent more than 15 years with Monumental, most recently serving as president of media and new enterprises. He has worked in some capacity with all units in the organization and has taken the lead on corporate development and strategic partnerships, putting him on the frontlines of investments from Jeff Skoll, Arctos and the Qatar Investment Authority (QIA), which remains the only direct sovereign investment into a major U.S. sports franchise. He helped build Monumental's media business, including the acquisition of NBC Sports Washington from Comcast. "We have watched many of our peer organizations face ownership turmoil or make decisions driven by short term financial considerations rather than what is best for their teams, their fans and their communities," Ted Leonsis said in his letter to employees. "Our stability and our family ownership allow us to take a different approach."
bet365 goes live in the nation's capital, partnering with Monumental Sports & Entertainment. Business Wire Published Sep 08, 2026 Global online sports betting brand goes live in Washington, D.C. and becomes a Proud Partner of the Washington Capitals, Washington Wizards, and Washington Mystics DENVER - bet365, a global leader in online sports betting and gaming, today announced the launch of its online sportsbook in Washington, D.C., marking the latest step in the company's continued expansion across North America. D.C. bettors will have access to bet365's extensive sportsbook, including markets across more than 100 sports, live betting and in-game features. To mark its entry into Washington, D.C., bet365 is offering new customers a Bet $10, Get $50 in Bonus Bets Open Account Offer (OAO). Alongside its D.C. launch, bet365 has entered a new multi-year partnership with Monumental Sports & Entertainment (MSE). bet365 will become a Proud Partner of the Washington Capitals, Washington Wizards, and Washington Mystics, establishing a year-round presence alongside three of the city's professional sports teams. Top Stories Interested in more newsletters? Browse here. "Bringing bet365 to our nation's capital expands our reach in the U.S. and establishes our presence in one of the country's most dynamic sports markets," said Trip Stoddard, Head of Development at bet365. "Our partnership with Monumental Sports & Entertainment gives us an exciting opportunity to introduce bet365 to Capitals, Wizards and Mystics fans and build lasting connections across Washington, D.C." With bet365 now being the Home of Winning Early, customers have access to popular features like the Early Payout Offer (EPO), where D.C. sports bettors can celebrate a win well before the final score. With EPO, qualifying NBA bets are settled as winners when a team takes a 20-point lead, while qualifying WNBA bets are paid out when a team goes 18 points ahead, regardless of the final result. On the ice, qualifying NHL bets are settled as winners as soon as a team takes a three-goal lead. With the new Early Bird Special, customers get a profit boost for all Sunday NFL games an hour before kickoff of the first game. The partnership will also integrate bet365 into D.C. fan experiences across Monumental Sports Network (MNMT) and team broadcasts. Fans will see bet365 through virtual signage during Capitals games and pre-game and in-game commercials across Capitals, Wizards and Mystics broadcasts. bet365 will also serve as presenting sponsor of Monumental Game Center, MNMT's award-winning feature that provides users the option to integrate real-time sports betting odds and gamification options into live game streams for the Capitals, Wizards, and Mystics. With its arrival in Washington, D.C., bet365 remains focused on delivering a high-quality betting experience while keeping play fun and safe. Responsible gaming tools, including spending and session limits, are integrated directly into the bet365 app to help customers monitor their play. About bet365 At bet365, Winning is Everything. No participation trophies. No speeches. That's why bet365 exists. GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET (AZ, CO, DC, IL, IN, KS, KY, LA, MD, MI, MO, NC, NJ, OH, PA, TN, VA). 21+ only (18+ DC). Please gamble responsibly. Must be present in AZ/CO/DC/IA/IL/IN/KS/KY/LA (select parishes)/MD/MI/MO/NC/NJ/OH/PA/TN/VA/WV. View source version on businesswire.com: This advertisement has not loaded yet.
Monumental Sports & Entertainment announces multi-year partnership with Xonar Technology to bring next-generation security screening to Capital One Arena. * News * August 31, 2026 Capital One Arena will become the first venue in NBA and NHL to deploy Xonar's TruePort(R) security screening technology, supporting the transformed arena's focus on safety, innovation and frictionless fan experience WASHINGTON, D.C. (August 31, 2026) - Monumental Sports & Entertainment (MSE) today announced a multi-year partnership with Xonar Technology Inc. to deploy Xonar's TruePort(R) and TrueScan(TM) security screening systems at Capital One Arena, bringing the latest security technology to the downtown venue. Beginning with the 2026-27 NHL and NBA seasons, MSE plans to deploy TruePort(R) screening units across Capital One Arena's main entrances, marking the first NHL venue and first NBA venue to deploy Xonar technology. Powered by AI and multi-sensor radar technology, TruePort(R) is designed to detect both metallic and non-metallic potential threats while allowing guests to move through screening more naturally and efficiently. The partnership is the latest investment in MSE's $1B+ transformation of Capital One Arena, which is reimagining every part of the fan journey through new entrances, expanded concourses, enhanced amenities and next-generation technology. With millions of guests entering the arena for sporting and live entertainment events each year, the new screening technology is designed to pair enhanced security capabilities with a faster, more seamless arrival experience. "As a venue, our responsibility begins before the game, concert or event starts," said Jordan Silberman, President of Venues at MSE. "Fans should be able to focus on why they came to Capital One Arena, not on the process of getting inside. Xonar will help us make that first moment feel more effortless while giving our security and arena experience teams the confidence and capability to do their jobs at the highest level." Xonar TruePort(R) uses a combination of advanced sensors and AI-powered analysis to help security teams identify a broader range of potential threats than traditional metal-detection technology including 3D printed firearms, ceramic and stainless steel knives, liquid containers and pyrotechnics. Because guests can generally move through screening without stopping to remove everyday personal items, the system is designed to reduce unnecessary interruptions while helping security personnel focus attention where it is needed. MSE will also deploy Xonar's TrueScan(TM), an AI-powered X-ray screening system designed to assist security personnel in identifying prohibited items in bags and other belongings. The technology highlights detected items for security personnel and can be configured to help identify items of particular concern to a venue or event. "Monumental Sports & Entertainment's commitment to creating a best-in-class experience for fans made them the ideal partner for Xonar," said Hans Hufschmid, Chairman and CEO of Xonar Technology Inc. "Bringing Xonar's multi-sensor, AI-powered threat detection technology to Capital One Arena is an important milestone for Xonar and reflects the growing role that innovative security technology can play in enhancing the safety and efficiency of screening across the sports and entertainment industry." The partnership continues MSE's vision for a high-tech, high-touch arena where technology makes the fan experience more seamless, efficient and connected. For more information on the arena transformation in partnership with the District including the latest renderings, updates and behind-the-scenes previews, visit DistrictMomentum.com. About Monumental Sports & Entertainment Monumental Sports & Entertainment (MSE) is one of the leading integrated sports and entertainment companies globally. MSE's portfolio spans premier professional sports teams, world-class venues, and next-generation media properties, with marquee assets including the NHL's Washington Capitals, NBA's Washington Wizards, WNBA's Washington Mystics, NBA G League's Capital City Go-Go, Capital One Arena, and Monumental Sports Network, along with an investment in Team Liquid. Rooted in the nation's capital, MSE brings Washington, D.C's distinct influence, ambition, and leadership to the global sports and entertainment landscape. The company harnesses the power of its platform to drive continuous innovation and deliver extraordinary experiences that inspire and unite its community, its fans, and its people. For additional information on MSE, please visit monumentalsports.com. About Xonar Technology Xonar Technology Inc. develops advanced security screening solutions, designed to enhance threat detection while maximizing throughput. The company's technology integrates multi-sensor hardware, image processing, AI, software analytics, and cloud computing to assist security operators in identifying potential threats. Xonar offers two products: TruePort(R), a multi-sensor screening system that uses machine learning and artificial intelligence to assist in distinguishing potential threats from common everyday items, including both metallic and non-metallic objects; and TrueScan(TM), a portable X-ray screening solution that incorporates AI-assisted image analysis. TruePort is designed with privacy in mind and includes integrated cameras that can support optional identity verification to streamline ticketing and access control when enabled by the customer and supported by the deployment configuration. The U.S. Department of Homeland Security has designated Xonar TruePort as a Qualified Anti-Terrorism Technology under the SAFETY Act. The National Center for Spectator Sports and Security (NCS4) evaluated Xonar TruePort across a wide range of performance criteria, resulting in an overall composite score of 2.93, out of a possible 3.00, demonstrating successful performance across all evaluated capabilities. * News, Stories * September 2, 2026 Season-long celebration will honor the NHL's longest-tenured active broadcast duo throughout MNMT's 2026-27 Capitals coverage MNMT to broadcast 70 regular season and four preseason games, with a special celebration event planned for Joe Beninati and... * News, Stories * August 25, 2026 Partnership provides new additional streaming option for local sports fans throughout the DMV region Washington, D.C. (August 25, 2026) - Monumental Sports Network (MNMT) and global sports entertainment platform DAZN, today announced they have entered...
Monumental Sports donation helps strengthen DMV communities. Capital One Arena furniture finds new purpose through Community Forklift's reuse and community giving programs. As Capital One Arena undergoes renovation, one thing isn't changing: Monumental Sports & Entertainment's commitment to giving back. Rather than sending hundreds of furniture items and appliances to the landfill during ongoing renovations, Monumental partnered with Community Forklift to ensure these materials could continue serving the communities across the DMV. It's a powerful example of how reuse can create ripple effects far beyond a single building project. This spring, Community Forklift received the donation that included 39 stainless steel refrigerators, 145 tables and chairs, and hundreds of barstools from Capital One Arena suites. While the arena prepares for its next chapter, these items are already beginning new lives in schools, nonprofits, and homes throughout the Washington region. "Monumental is doing a phenomenal thing by deciding to put a little bit of extra effort into supporting the local community," said Tom Patzkowski, Community Forklift's Director of Donations. "It's fantastic that while the arena is being refurbished, these materials continue helping the people who live in our community." One donation. Many new beginnings. Community Forklift's mission keeps useful materials in circulation and out of the landfill, and every donation creates new opportunities to strengthen its community. Some of the refrigerators from Monumental's donation have already been distributed through its Community Building Blocks (CBB) program to nonprofit organizations throughout Maryland and Washington, DC. These appliances will help school food pantries safely store fresh food, support nutrition programs, and expand access to meals for students and families. Furniture has also found new homes with educational organizations creating welcoming spaces for students, staff, and visitors. From charter schools preparing new classrooms to elementary schools furnishing gathering areas, these donated materials are helping organizations direct more of their limited budgets toward the people they serve. Other donated items will continue their journey through Community Forklift's reuse warehouse, where affordable prices make quality furniture and appliances accessible to homeowners, renters, artists, contractors, and small businesses throughout the region. One donation can support schools, strengthen nonprofits, provide affordable options for shoppers, assist families in need, and reduce waste, all at the same time. A partnership that multiplies impact. Through this donation from the Capital One Arena renovation, Monumental has demonstrated that thoughtful deconstruction and reuse can be an important part of any major renovation project. A Monumental Sports & Entertainment spokesperson shared the organization's motivation: "We're getting ready for our second round of renovations this summer. We're donating all the suite furniture to nonprofits. It's very important for Monumental to give back. We're excited that they can take the furniture and repurpose it." That commitment aligns perfectly with Community Forklift's mission of finding a new home for reusable materials in its community, and Community Forklift LLC is incredibly grateful to Monumental Sports & Entertainment for choosing the community over disposal and for helping demonstrate what's possible when organizations invest in reuse. Every donation tells a story, and this one will continue for years to come through classrooms, food pantries, nonprofit spaces, homes, and neighborhoods across its region. You can help create the net success story. Every donation has the potential to create a ripple effect throughout its community. Whether it's a single appliance, furniture from a renovation, or surplus building materials, your donation can help support local nonprofits, provide free essentials to neighbors in need through its community giving programs, and keep quality materials in circulation throughout its community. If your business, organization, or household has reusable building materials, furniture, appliances, or architectural salvage to donate, Community Forklift LLC'd love to hear from you. Learn more about what Community Forklift LLC accept and how your donation can make a difference by visiting its Donations page.
Monumental Sports Network to provide live coverage of Alex Ovechkin's The GR8NESS Continues press event. * News * July 2, 2026 Special will feature an exclusive conversation with Ovechkin, Ted Leonsis, Brian MacLellan and Chris Patrick following the announcement of Ovechkin's one-year contract extension Washington, D.C. (July 2, 2026) - Monumental Sports Network (MNMT) will offer fans live coverage of The GR8NESS Continues press event with Washington Capitals captain Alex Ovechkin following the organization's official announcement of his one-year contract extension. Beginning at 12 p.m. ET on Monday, July 6, Ovechkin will hold a virtual media availability to discuss his decision to return for a 22nd NHL season, making him the longest-tenured athlete in Washington, D.C. sports history. Monumental Sports & Entertainment (MSE) Founder, Chairman, Managing Partner and CEO Ted Leonsis, Capitals President of Hockey Operations Brian MacLellan and Capitals General Manager Chris Patrick will join Ovechkin from MNMT's award-winning Vanda Pharmaceuticals Studios in Washington D.C. alongside Capitals television announcer Joe Beninati and color analyst Craig Laughlin, who will guide media and viewers through the historic announcement. MNMT will serve as the broadcast's central production hub, offering fans an engaging front row seat to the greatest goal scorer in NHL history and the only player in NHL history to win a Stanley Cup, a Conn Smythe, a Calder, an Art Ross, a Hart, a Ted Lindsay and a Maurice Richard Trophy. The GR8NESS Continues will be available on both linear tv and via streaming platforms within the network's footprint, stretching from Delaware to Richmond. Fans can watch the announcement through their Pay TV subscription, on monumentalplus.com, or by downloading the state-of-the-art Monumental+ app on iOS, Android, Apple TV, Chromecast, DIRECTV, Fire TV, Roku, Samsung, X1, and Xfinity Xumo, and using an eligible TV Everywhere log-in or signing up for an MNMT membership. Fans who can't catch the live event will be able to watch it anytime on the Monumental+ app. About Monumental Sports & Entertainment Monumental Sports & Entertainment is one of America's leading integrated sports and entertainment companies and is ranked as one of the most valuable globally. Its people, players, teams, and events bring excitement and joy to millions. Monumental Sports invest and innovate to consistently raise the game so Monumental Sports can deliver extraordinary experiences that will inspire and unite its community, its fans, and its people. To learn more, please visit monumentalsports.com. About Monumental Sports Network Monumental Sports Network is wholly owned and operated by Monumental Sports & Entertainment (MSE). The network holds exclusive local television media rights for the NHL's Washington Capitals, NBA's Washington Wizards and WNBA's Washington Mystics games. MNMT is also the TV and digital home to the NBA G League's Capital City Go-Go and the NBA 2K League's Wizards District Gaming, as well as exclusive behind-the-scenes content and original sports and entertainment programming. The network also boasts the most comprehensive regional high school and collegiate sports programming in the greater Washington D.C. metro area. For more, visit: www.monumentalsportsnetwork.com * News * June 22, 2026 New four- and eight-seat memberships pair dedicated event seating with personalized hosting space, elevated dining and attentive service in The Halo CLICK HERE FOR RENDERINGS AND VIDEO WASHINGTON, D.C. (June 22, 2026) -... * News * June 21, 2026 Monumental Sports Network honored with Capital Emmys for Overall Excellence and Sports Excellence alongside multiple wins across MSE teams, talent, and original programming Washington, D.C. (June 21, 2026) - Monumental Sports & Entertainment (MSE) and...