Sports betting variety is the name of the game in Colorado.
The state could soon lead the US in sports wagering options as Colorado’s betting infrastructure is already as healthy as a bronco. The Centennial State already boasts a whopping 42 casinos. Sports betting is set to be legalized there this coming spring.
Most of those brick-and-mortar sites will offer some form of legalized sports wagering as early as May 1, 2020. The Colorado Limited Gaming Control Commission set to grant 33 licenses.
Colorado with sports betting variety
The betting culture west of the Mississippi has always been richer than that of the East Coast. The state of New Jersey was the first out of the gate when it came to the state-by-state legalization of sports betting in 2018. But as anyone who lives in the Mountain or Pacific time zone can attest to, casino culture is a staple of the west.
New Jersey is thriving in the sports betting realm despite just 15 online sportsbooks and 12 brick-and-mortar sportsbook sites. The Garden State has 23 casinos in total.
That pales in comparison to the 441 casinos in Nevada. Many of those casinos offer sports wagering.
California even has an impressive 62 casinos. The Golden State is lagging behind, though, when it comes to sports betting legalization.
Colorado is set up nicely to succeed in the sports betting market with those 42 sites already up and running.
Market already becoming crowded
The Colorado Limited Gaming Control Commission has received over 50 applicants for legalized sports betting since Proposition DD passed in November of 2019. Over half of those applicants were of the brick-and-mortar variety.
Online giants such as DraftKings and FanDuel are also set to make their presence felt. Both will be launching sportsbooks through Twin River Worldwide Holdings.
“Twin River is committed to providing exciting, real-time gaming opportunities, and we look forward to working alongside them to introduce Colorado sports fans to our award-winning product,” said DraftKings chief business officer Ezra Kucharz.
“Colorado has a sensible framework for sports betting, and we are excited to partner with a renowned gaming company like Twin River to bring our market-leading online sports betting experience to Colorado sports fans,” said FanDuel Group CEO Matt King.