If you’re a sports bettor, you know that betting with just one platform isn’t the best strategy out there. Not every sports betting platform works the same, as every individual sportsbook can have unique odds, promos, and signup bonuses. For example, DraftKings Sportsbook might have the Anaheim Ducks priced at -150 to beat the Philadelphia Flyers while BetMGM is offering a slightly better -145 number. Additionally, some books have a big risk-free bet as a welcome bonus, while others advertise a full deposit match instead. With a larger number of sportsbooks growing into different states, more and more sports bettors are diversifying their betting portfolios, as evidenced by the growing number of operators in Colorado. Let’s take a look at the latest betting platform to make its way into Colorado.
Colorado Welcomes Bet365
The Centennial State just added a new sportsbook to its growing roster. Colorado just gave bet365 a temporary sports wagering license. However, that “temporary” tag won’t be a big deterrent, as new sportsbooks in the state generally start off with a temporary license. According to Gambling News, Limited Gaming Control Commission (LGCC) chairman Richard Nathan believes bet365 will receive a license after a full background check. Apparently, the LGCC unanimously agreed to the license.
The casino partner for bet365 in Colorado will be the Century Casino, located in Cripple Creek as well as Central City. Bet365 isn’t the only sportsbook partnered with the casino, as Century Casino has already made deals with Tipico Sportsbook and Circa Sportsbook. Colorado now boasts an impressive array of betting options. In addition to 17 different brick-and-mortar sportsbook locations, the state also houses 26 different online operators. A launch date for bet365 Colorado hasn’t been announced yet.
Colorado’s Sportsbooks Continue To Grow
Colorado fully launched legal sports wagering in May of 2020, and it’s been a huge success since then. Legal betting has brought in over $11 million in tax revenue, and the overall handle since legalization has surpassed $4 billion. This is due in part to the large number of sportsbooks available. As you might expect, Colorado is home to some of the biggest names in sports betting, such as DraftKings, BetMGM, FanDuel, and Caesars Sportsbook. However, that’s just the tip of the iceberg, as WynnBET, BetFred, Fox Bet, PointsBet, and many more have grown to the state. Bet365 (which is based in the U.K.) is making Colorado its second overall U.S. state, with availability in New Jersey and an unsuccessful expansion to New York.
Coloradans Placing Big Bets On Their Teams
Coloradans will definitely be happy to add another sports wagering platform. Residents of the state are already betting big on their favorite local teams. Although the Denver Broncos have had an up-and-down season, they’re still fighting for a playoff spot. Close losses haven’t deterred Denver bettors, who have wagered heavily on pro football since the start of the season. The Colorado Avalanche have also gotten plenty of attention from sports bettors, especially considering they entered the season as favorites to win the Stanley Cup. The Denver Nuggets haven’t been as dominant as expected this year, although that’s partially due to bad luck with injuries.