- Colorado is setting themselves up to become a powerhouse in the legal sports betting market as they continue to add to their list of operators.
- Sports bettors in the Centennial State will have their pick of 20 digital sports betting platforms available to bet the odds by the time the NFL season begins.
- Revenue from a fully operational sports betting industry in Colorado expects to see $400 million annually that will go toward the Colorado Water Plan.
DENVER – Colorado’s mobile and online sports betting presence continues to get bigger in the absence of major sporting events.
Betfred became the latest legal sportsbook operator for the Centennial State and will be the official provider for the Denver Broncos as well as Saratoga Casino.
In an effort to offer the best sports betting experience for customers, Betfred has chosen Scientific Games and their OpenSports product to spark up their mobile and retail sports betting platforms.
“OpenSports remains a core component of our U.S. sports betting strategy, “ said Mark Stebbings, Betfred Group COO. “As we extend our presence across the U.S., the team at Scientific Games plays an important role in helping us to deliver match-winning experiences for players through its reliable and flexible technology. We look forward to working with Scientific Games to bring exciting sports betting experiences to players in Colorado.”
The Landscape of Colorado’s Mobile Sportsbook Market
This news is just the latest in the parlay of partnership and sportsbook operating deals that have decided to open up shop in Colorado.
Within the long list of digital sports betting platforms for Coloradoans are all of the most popular names in the business.
Each company is trying to get in on some of that sweet Rocky Mountain green that is expected to be seen from the sports betting market in the state.
If the newly signed contracts with FanDuel and Betfred by the Denver Broncos is any indication, sports bettors in Colorado are in high supply and these contracts hope to meet the demand for wagers come NFL season.
To have an account with any internet or mobile sports betting platform, gamblers in Colorado must be 21 or older at the time of sign up.
The list of mobile sportsbooks that Colorado gamblers have access to for placing their bets on sports matchups include these 20 different companies:
Online Colorado Sportsbooks
- BarStool Sportsbook
- Circa Sports Colorado
- Digital Gaming Corporation
- FOX Bet
- Sky Ute Sportsbook
- theScore Bet
- William Hill Sports Book
- WSI US
More than half of the 20 mobile sportsbooks have already opened with others expected to launch by late Summer to early Fall.
The dividends for the sports betting market in Colorado should skyrocket considering the limitless options for gamblers in the state. The tax on wagers placed is set at 10% which projects that the Centennial State will see an estimated $400 million in yearly sports betting revenue.
Revenue from the market will go toward the Colorado Water Plan.
With these major expansions in online sports betting options, that estimate could very well be feasible to hit when all sportsbooks, both retail and internet outlets, are up and running and major sporting events have come back on the scene.
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News tags: Barstool Sportsbook | BetAmerica | BetMGM | BetMonarch | BetRivers | Betwildwood | Circa Sports Colorado | Colorado | Colorado Water Plan | Denver Broncos | Digital Gaming Corporation | DraftKings | FanDuel | FOX Bet | mobile betting | NFL | OpenSports | PointsBet | Saratoga Casino | SBK | Scientific Games | Sky Ute Sportsbook | SportsBetting.com | SuperBook | theScore Bet | William Hill Sports Book | WSI US
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.