FoxBet Sportsbook Launches in Colorado

FOXBet Sportsbook launched in Colorado last week. This is third state FOXBet is operating in since their launch. The newly launched sportsbook will be in competition with DraftKings and FanDuel, and others as every sports betting looks to make a splash in Colorado. The state launched online sports betting on May 1.

Despite launching at an unfortunate time, FOXBet Colorado, and other Colorado sportsbooks see promise for the state moving forward. The major market of Denver will help attract sports bettors throughout the area. The sportsbook is also offering multiple promo codes to attract bettors to signup.

FOXBet in Colorado

FOXBet has operations in New Jersey and Pennsylvania before launching in Colorado. This now puts FOXBet in the three biggest sports betting markets outside of Nevada. FanDuel and DraftKings set up operations day 1 in Colorado, but FOXBet is not far behind.

The company is operated through a partnership with The Stars Group and Poker Stars. Also, Flutter Entertainment bought The Stars Group in 2019. They also own FanDuel under their umbrella.

This gives FOXBet Colorado a big advantage with the launch of their mobile betting site and sportbook. It will help continue to grow the company is major markets outside of Nevada as other states like Illinois, Michigan, Maryland, Virginia, and Tennessee are all getting ready to launch or legalize sports betting in their states.

The growth will help bring FOXBet closer to becoming a nation mobile betting site.

FOXBet Offers and Promos

FOXBet Colorado is offering new players a $500 first bet when they sign up. There is a $500 deposit match, but the offer is in line with the Colorado sports betting industry early on. FOXBet Colorado will refund everyones first bet up to $500, and there is no loopholes to the offer.

Also, FOXBet will also matchup 50 percent of deposits up to $500. This offer will be given out in $1 increments for every $25 wagered. This gives sports bettors a long term cash bonus that benefits them over time.

On May 21, FOXBet Colorado started offering bettors a free $10 for every Broncos win in 2020 to players who bet Denver to have a winning season. Even if the Broncos finish 8-8, that still gives Colorado bettors a free $80 throughout football season.

FOXBet Colorado will most likely give more free as sports start to return. They have given Pennsylvania props to bet whether Philadelphia will score more than 76 points in a game, or betting on Penn State or Villanova.

Sports fans in Colorado should see the same promos throughout a season.

Colorado Sports Betting and COVID-19

Colorado sports betting will be off to a slow start with their launch coming on May 1. The Coronavirus has postponed sports across the world, and no true start date for when team sports will happen in the United State.

However, there are some sports out there that can help generate revenue for Colorado sportsbooks. The UFC, NASCAR, and Golf have had events on US soil. Sports bettors and are looking overseas at leagues like the KBO in South Korea, and Bundesliga in Germany.

Many sportsbooks in different state are reporting that their handles have been higher in the month of May than they were in April, which does give Colorado some hope in their first month.

Also, despite the slow start in Colorado, the MLB, NBA, and NHL are looking at plans to get their season going again before the fall. The NFL is still on schedule to start on time along with the Masters and Kentucky Derby being pushed back into the fall.

Patience will be a virtue for FOXBet Colorado while them and the rest of the world wait for sports.