capital one arena

What capital one arena does

Capital One Arena is a 20,000-seat, multi-purpose indoor sports and entertainment venue located at 601 F Street NW in the Penn Quarter/Chinatown district of downtown Washington, D.C. Opened on December 2, 1997, and operated by Monumental Sports & Entertainment (MSE), the arena serves as the home venue for the NBA's Washington Wizards, NHL's Washington Capitals, NCAA's Georgetown Hoyas men's basketball, and select WNBA Washington Mystics games, while also hosting approximately 220 concerts, family shows, and corporate events annually — accounting for ~4,500+ events and 47 million cumulative visitors over its 25+ year history. Annual attendance is projected at nearly 3 million visitors post-transformation.

The business model is diversified across transaction-based and recurring revenue streams: primary ticketing distributed through Ticketmaster (mobile-entry only), with no print-at-home PDFs accepted; a layered premium hospitality portfolio spanning suite ownership and single-event rentals, Loge Boxes, Players Club, Hennessy Wizards Courtside Lofts, Michelob Ultra Club, the new (2025-26) United Globe Club and Lounge, and Lexus Vaults — most sold on annual subscription or single-event license terms; food and beverage concessions (cashless venue with reverse ATMs); team-store merchandise; a year-round Caesars Sportsbook (10 betting windows, 20 kiosks); corporate sponsorships; and a Capital One cardholder benefits program providing 10–20% discounts across tickets, F&B, merchandise, and suites. Technology integrations include Wicket facial authentication (Monumental Express), CLEAR biometric entry, Ticketmaster mobile ticketing, chargeFUZE portable phone-charging kiosks, and SpotHero parking — all third-party vendor solutions rather than proprietary AI/ML systems.

The venue is mid-way through a transformative $800 million modernization announced in October 2024 as a public-private partnership with the District of Columbia. Under this structure, MSE sold the arena to the District for $87.5 million and immediately executed an amended and restated leaseback running through 2050 (with renewal options to 2070); the District committed $515 million over three years while MSE contributed at least $285 million plus the sale proceeds. Expected deliverable: 2027-28 season, with 65% more concession space, 30% more restrooms, 60% growth in athlete facilities, a new United Globe Club, and the District Arts Program (a large-scale art and memorabilia collection in partnership with Sports & The Arts and cllct). The arena anchors a broader $9.2 billion district redevelopment and benefits from strong multimodal access via the Gallery Place/Chinatown Metro station.

Name

capital one arena

Legal name

Monumental Sports & Entertainment

Website

https://capitalonearena.com

Company type

Private

Founded year

1997

Operating status

Operating

Short description

Capital One Arena is a 20,000-seat multi-purpose sports and entertainment venue in downtown Washington, D.C., owned and operated by Monumental Sports & Entertainment. It hosts NBA (Wizards), NHL (Capitals), NCAA (Georgetown), and concerts for ~3 million annual visitors, generating diversified revenue across ticketing, premium hospitality, concessions, merchandise, and sports betting.

Ownership category

akta.pro rank

Product category

Sports & Entertainment Venue

NAICS

Promoters of Performing Arts, Sports, and Similar Events with Facilities (71131), Spectator Sports (7112)

SIC

Services-Miscellaneous Amusement & Recreation (7990), Services-Amusement & Recreation Services (7900)

akta.pro primary industry

Arenas & Indoor Sports Centers (MPAKAEAB)

akta.pro secondary industries

Arena & Stadium Operations (Large-Capacity Venues) (MPAGALAA), Professional & Major League Stadiums (MPAKAEAA)

Keywords

• Sports entertainment venue
• Live event hosting
• Premium hospitality suites
• Arena ticketing services
• Concessions and merchandise

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Revenue model

1. Ticket Sales: Primary revenue from ticket sales for NBA (Washington Wizards), NHL (Washington Capitals), NCAA (Georgetown Hoyas), WNBA (Washington Mystics), concerts, and family shows through Ticketmaster platform and box office.
2. Suite and Premium Seating Rentals: Revenue from suite ownership, single-event suite rentals, Loge boxes, Players Club memberships, Hennessy Courtside Lofts, Lexus Vaults, and hospitality spaces including the Ultra Club and Devils Backbone Lounge.
3. Food and Beverage Concessions: Concession revenue from food and beverage operations. Capital One cardholders receive 10% discount. Venue is cashless with credit/debit cards and contactless payment accepted.
4. Merchandise Sales: Team store merchandise sales for Washington Wizards and Washington Capitals. Capital One cardholders receive 20% off retail purchases.
5. Sports Betting Revenue: Caesars Sportsbook at the arena generates revenue through sports betting operations with 10 betting windows and 20 betting kiosks.
6. Arena Transformation and Development: Public-private partnership with District of Columbia contributing $515 million towards $800 million arena transformation project. Monumental Sports contributes at least $285 million plus arena sale proceeds of $87.5 million.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels8 records

Core offering

Capital One Arena is a 20,000-seat multi-purpose indoor sports and entertainment venue in downtown Washington, D.C., operating as home arena for the NBA's Washington Wizards, NHL's Washington Capitals, and Georgetown Hoyas men's basketball, and hosting concerts, family shows, and comedy acts. The venue generates revenue through ticketed live events, premium hospitality offerings (suites, loges, clubs, lofts), in-arena concessions and merchandise sales, team store retail, on-site sports betting, and arena parking. Operations are managed by Monumental Sports & Entertainment under a long-term lease following a 2024 sale-leaseback transaction with the District of Columbia.

Product overview

Capital One Arena is a 20,000-seat multi-purpose sports and entertainment venue in Washington, D.C., home to the NBA's Washington Wizards, NHL's Washington Capitals, and Georgetown Hoyas men's basketball. The venue operates approximately 220 events annually and offers a comprehensive portfolio of products and services organized into core venue operations, premium hospitality experiences, and technology-enhanced visitor services. Core offerings include event hosting and ticket sales via Ticketmaster with mobile-only entry. Premium hospitality spans suite ownership, single-event rentals, Loge Boxes, Players Club, Hennessy Wizards Courtside Lofts, Michelob Ultra Club, United Globe Club and Lounge (new 2025-26), Lexus Vaults, Business Development Centers, and hospitality spaces like The Ultra Club and Devils Backbone Lounge. Supporting services include food and beverage operations, Team Store merchandise, Caesars Sportsbook, Capital One Cardholder Benefits program, accessibility services, Monumental Express facial authentication entry, and the District Arts Program. The venue is undergoing a major transformation project for the 2027-28 season.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 47 million people hosted since 1997
• +3 more outcomes

Named customers5 records

Segments5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

Nine partnerships are on record, tiered core, flagship and minor.

• Caesars SportsbookcoreGTM or Marketing PartnerCaesars Sportsbook operates a state-of-the-art Vegas-style sportsbook at Capital One Arena, open year-round with 10 betting windows, 20 betting kiosks, and a bar. The sportsbook generates revenue through sports betting operations and provides an additional entertainment amenity for arena visitors.
• Capital OneflagshipGTM or Marketing PartnerCapital One holds naming rights to the arena and provides exclusive cardholder benefits including 10% off tickets, 10% off food/beverage, 20% off merchandise, 10% off suite rentals, and $19.99 Monumental Sports Network discount. Cardholders also receive dedicated entrance access.
• TicketmastercoreTechnology or IntegrationTicketmaster serves as the primary ticketing platform for all Capital One Arena events. Mobile-only entry is enforced with no print-at-home PDFs. Tickets are accessed through the Ticketmaster app.
• District of ColumbiaflagshipStrategic or Co-development PartnerThe District of Columbia is partnering through a $515 million public investment in the $800 million arena transformation project. The District will purchase the arena for $87.5 million and lease it back to Monumental Sports through 2050 with renewal options to 2070.
• Hilton HotelsminorGTM or Marketing PartnerHilton is a preferred hotel partner with over 90 hotels in the Washington DC area, several within a mile of the arena. Hilton Honors members earn points when booking. Partnership attracts overnight visitors to arena events.
• Monumental Sports & EntertainmentflagshipOthersMonumental Sports & Entertainment is the owner and operator of Capital One Arena, founded by Ted Leonsis. MSE also owns the Washington Wizards, Washington Capitals, Washington Mystics, and Capital City Go-Go, and operates Georgetown University athletics.
• Legacy Partners (Alibaba, Anheuser-Busch, Coca-Cola, GEICO, Giant, Leidos, Lexus, MedStar Health, Robinhood, United Airlines, Verizon, etc.)coreGTM or Marketing PartnerMultiple legacy partners supporting Capital One Arena through various sponsorship arrangements. Partners include major brands across technology, food/beverage, automotive, financial services, healthcare, and retail sectors.
• Sports & The ArtsminorStrategic or Co-development PartnerSports & The Arts is a partner in the District Arts Program, helping develop and implement the large-scale art collection throughout the new arena, celebrating D.C. culture and local artists.
• cllctminorStrategic or Co-development Partnercllct serves as MSE's Official Cultural History and Collectibles Partner for the District Arts Program, helping curate an experience celebrating fan culture and the legacies of D.C. sports teams.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Ball Arena (Kroenke Sports): Denver arena home to the Nuggets (NBA) and Avalanche (NHL); comparable multi-purpose sports/entertainment venue operated by a sports parent, hosting 200+ events annually with premium hospitality.
• Scotiabank Arena (MLSE): Toronto arena home to the Raptors (NBA) and Maple Leafs (NHL); directly comparable large-capacity multi-purpose venue owned/operated by a major sports parent with premium hospitality and concert programming.
• TD Garden (Delaware North): Boston multi-purpose arena home to the Boston Celtics (NBA) and Bruins (NHL); directly comparable venue operator model hosting NBA/NHL teams and major concerts in a major U.S. market.
• Chase Center (San Francisco): San Francisco arena home to the Golden State Warriors (NBA); modern multi-purpose venue with comparable premium hospitality tiers, technology integrations, and event-driven model.
• American Airlines Center (Dallas): Dallas arena home to the Mavericks (NBA) and Stars (NHL); comparable 20K-seat multi-purpose venue with similar premium hospitality, suite, and concert business model.
• Little Caesars Arena (Ilitch Holdings): Detroit arena home to the Pistons (NBA) and Red Wings (NHL); comparable multi-purpose venue with premium hospitality tiers and integration with a broader sports/entertainment parent.
• Crypto.com Arena (AEG): Los Angeles multi-purpose arena home to the Lakers (NBA), Kings (NHL), and Sparks (WNBA); operated by AEG with similar premium hospitality, sportsbook-adjacent amenities, and 200+ events per year.
• United Center (Chicago): Chicago arena home to the Bulls (NBA) and Blackhawks (NHL); comparable 20K+ seat multi-purpose venue with premium clubs, suites, and large-scale concert programming.
• Wells Fargo Center (Comcast Spectacor): Philadelphia arena home to the 76ers (NBA) and Flyers (NHL); comparable East Coast multi-purpose sports and entertainment venue with premium hospitality and concert hosting.
• Madison Square Garden (MSG): Operator of The Garden and Hulu Theater in NYC; the most direct multi-purpose arena peer with comparable premium hospitality tiers, suite ownership programs, and sports/concert event mix anchored by the Knicks and Rangers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/MSE
• Facebookfacebook.com/MonumentalSports
• LinkedInlinkedin.com/company/monumental-sports-&-entertainment
• Instagraminstagram.com/monumental_sports

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about capital one arena