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Press mentions
5280 Denver’s Mile High Magazine / May 2023 (Lindsey B. King) — 3 Years Into Colorado’s Sports Betting Experiment
“First, a relatively low tax rate of 10 percent is a huge reason why so many sportsbooks come to Colorado,” says Ian St. Clair, an analyst for PlayColorado.com, which covers the state’s online gambling industry. “Second, Colorado has a massive betting catalog, meaning people can bet on everything under the sun.”
CBS Denver / March 7, 2022 (Conor McCue) — Colorado Suspends Betting On Russian & Belarusian Sports In Response To Invasion Of Ukraine
“Since betting was legalized statewide in 2020, Coloradans have wagered billions of dollars both online and at sportsbooks. A small piece of that pie has been from betting on several Russian and Belarusian leagues, including table tennis, which has had a grip on Colorado bettors since early on in the pandemic.”
The Denver Gazette / Jan. 31, 2022 (Wayne Heilman) — Colorado sports bets decline for second consecutive month
“The $461.4 million bet in December was down 2.9% from November but up more than 60% from December 2020. Betting also declined slightly in November. Even so, wagers in the final three months of last year totaled more than $1.4 billion and accounted for the three highest monthly totals since legal sports betting began in Colorado in May 2020.”
The Center Square / Feb. 1, 2022 (Robert Davis) — Over $5B wagered by Colorado sports bettors since legalization
“Bettors in the state wagered more than $461 million in December, a slight decrease from November’s total handle. On an annualized basis, December’s handle represents a more than 62% increase over December 2020’s handle of more than $281 million, according to CDOR’s data.”
Denver Business Journal / Dec. 2, 2021 (Nick Greenhalgh) — Colorado sports-betting shows no signs of slowing with October record
“In October, gross gaming revenue was up 11.6% to a record $28.6 million, topping the $22.7 million figure in September. The previous revenue record was $23.1 million, which was set in January of this year.”
Yahoo! and The Center Square / Sept. 9, 2021 (Derek Draplin) — Sports betting company to open tech hub in Colorado
“The online sports betting company Tipico plans to open a hub in Colorado that will create more than 400 jobs, the company and state officials said Wednesday.”
CBS Denver / Sept. 27, 2021 (Jeff Todd) — Sports Betting In Colorado To Be ‘Astronomical’ During Football Season
“Since it began, Colorado has brought in more than $10 million in taxes and is pacing ahead of pre-pandemic expectations. Most of the new revenue for the state is going toward the Colorado Water Plan, which was just given millions a few weeks ago.”
Denver Business Journal / May 21, 2021 (Ed Sealover) — One year in, Colorado sports betting booms — but tax revenue sags
“Colorado recorded the third-highest total of sports wagers for any state during their first 12 months of legalized betting, but it generated only about $6.6 million in tax revenue.”
The Denver Post / April 26, 2020 (Tiney Ricciardi) — Colorado sports betting set to launch May 1 with most teams sidelined and state’s casinos closed
“Colorado sports betting is poised to generate $6 billion in annual wagers and an estimated $400 million in revenue once the industry matures, according to Dustin Gouker, chief analyst for PlayColorado.com. Factor in a 10% tax on sports betting revenue and the state could bring in $40 million each year to benefit initiatives like the Colorado Water Plan.”