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Audit Shows Colorado Could Be Missing Out On Sports Betting Revenue

Audit Shows Colorado Could Be Missing Out On Sports Betting Revenue

by Giovanni Shorter | Jun 15, 2022 10:33 am | Revenue

The Colorado Office of the State Auditor discovered issues during its audit of the sports betting market in Colorado. The Division of Gaming has given out too many temporary sports betting licenses, costing tax dollars in the process. The audit covered the first full...
A Look At Why Free Bet Tax Deductions Benefit States

A Look At Why Free Bet Tax Deductions Benefit States

by Giovanni Shorter | May 27, 2022 1:46 pm | Regulatory

Colorado lawmakers pass HB 22-1402 in both the Senate and the House and the bill now awaits Gov. Jared Polis’ signature. A big section of the bill would reduce the tax deductions given to sportsbooks for promotional free bets given throughout the year. Free bets are...
Colorado Sports Betting Spikes In May With Playoff Runs

Colorado Sports Betting Spikes In May With Playoff Runs

by Giovanni Shorter | Jun 28, 2021 10:37 am | Revenue

• Colorado sports betting saw a spike in action in May. • Both the Denver Nuggets and the Colorado Avalanche were competing in the NBA and NHL playoffs. • Basketball wagers dominated local sportsbooks. DENVER – Local betting fans in Colorado were active in May,...
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...
TwinSpires Launches In Colorado Ahead Of Kentucky Derby

TwinSpires Launches In Colorado Ahead Of Kentucky Derby

by Giovanni Shorter | Apr 27, 2021 10:09 am | Sports Betting

TwinSpires has officially launched its sportsbook in Colorado. The launch comes just before the Kentucky Derby kicks off this Saturday. TwinSpires has also recently launched its sportsbook in Pennsylvania and Indiana. DENVER – Colorado horse racing betting fans now...
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