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OPINION: MaximBet Opens Ugly Truth For Legal Sports Betting

OPINION: MaximBet Opens Ugly Truth For Legal Sports Betting

by Michael Molter | Nov 21, 2022 1:40 pm | Legal

MaximBet shutdown just a few days after FuboTV announced their ceasing of operations. Cannibalization of sportsbooks may continue as sportsbooks struggle and customers lodge complaints. INDIANAPOLIS – Last week, MaximBet released a statement ceasing operations...
CO Sports Betting Handle Hits Over $2B In Year One Despite April Dip

CO Sports Betting Handle Hits Over $2B In Year One Despite April Dip

by Giovanni Shorter | May 26, 2021 11:15 am | Revenue

Colorado sports betting sees slight dips in betting activity in April. Colorado still saw more than $200 million wagered on sports. In the first year of operation, more than $2 billion dollars was bet on sports in Colorado. DENVER – The Colorado sports betting market...
Colorado Sports Betting Handle Breaks Record Again In Nov.

Colorado Sports Betting Handle Breaks Record Again In Nov.

by Giovanni Shorter | Dec 29, 2020 10:59 am | Revenue

Colorado saw more than $230 million wagered on sports in November. Over $18.3 million was generated in gross revenue. Colorado collected $800,000 in taxes from sports bets. DENVER – Colorado bettors have once again set the single month betting record in November as...
Colorado Sports Betting Looking At May 1st Launch Date

Colorado Sports Betting Looking At May 1st Launch Date

by Christina Monroe | Mar 20, 2020 4:04 pm | Regulatory

Colorado is expected to launch both retail and internet sports betting on May 1. This date may be pushed back due to the COVID-19 outbreak. DENVER – Anyone involved with the new Colorado sports betting market would like to see a launch date of May 1. Both regulators...

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