- Mobile sports betting apps in Colorado will be available to begin accepting wagers on May 1.
- The sports betting industry in the Centennial State is slated to gain an estimated $400 million in annual revenue based on a 10% tax rate that will go to the Colorado Water Plan.
DENVER – Online sports betting in Colorado is set to launch on May 1. There are currently 17 different sportsbook platforms licensed to begin operations as soon as the launch date rolls around.
Due to the Coronavirus pandemic, the offerings that will be posted by these sports gambling applications will be vastly different than what would be normally seen, however, this isn’t stopping the rollout of mobile sportsbooks.
Licensed Sportsbooks In Colorado
At the moment, residents of the Centennial State have the ability to download various sports betting applications prior to May 1 but will not be able to use them until then.
Apps are tailored to the state and have geofencing technology within them. This means that people may only download and use these sportsbooks within state lines. A multitude of top named operators are already licensed to become open to sports bettors in Colorado.
FanDuel, DraftKings, BetRivers, and BetMGM are all slated to begin taking bets on May 1. All of these companies are among the top in their business.
Various entertainment wagers will be available for users to participate in. Sports that will be up to gamble on will include what is popular at the moment during this major sporting event hiatus. Table tennis and virtual sports will be among the bets listed for users to choose from.
To contain the spread of COVID-19, the 35 casinos that will have sportsbook expansions in the cities of Cripple Creek, Black Hawk, and Central City will be unable to open their new operations until further notice.
All sports betting mobile applications, while being available for download, could either be open to wagers later in May or at a time that has not yet been announced. However, FanDuel, DraftKings, BetRivers, and BetMGM are four that will be launched on the May 1 date for gambling to begin.
Other Sportsbooks With Licenses
While four legal sports betting apps are opening, thirteen others have not yet announced their dates but can begin operating at any point as they have been licensed to do so. These different operators include BetAmerica, Barstool Sportsbook, Betfred, Betwildwood, Circa Sports Colorado, Digital Gaming Corporation, FOX Bet, PointsBet, SBK, theScore Bet, SuperBook, William Hill Sports Book, and WSI US.
Each of these companies are slated to open sometime in May. Once all are operating, the online sports betting market in Colorado will be the largest of the nation, outpacing even New Jersey which has 16 active online sportsbooks.
Sports bettors in Colorado will be flooded with a number of options to choose from and can use any of these platforms to wager on the Denver Broncos and more come the start of NFL season.
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Christina has been writing for as long as she can remember and does dedicated research on the newly regulated sports betting market. She comes from a family of sports lovers that engage in friendly bets from time to time. During the winter months, you can find Christina baking cookies and beating the entire staff at Mario Kart…the N64 version of course.