Tag: Sports Betting
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bet365 plans to add 1,000 workers in Denver
The British company is expected to hire 1,000 employees in coming years
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Stanley Cup win by the Oilers would net Colorado sports bar owners nearly $600,000
The timing of the big wager is especially good after an arsonist broke into and burned down The Sportsbook Bar & Grill in Greenwood Village
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Here are the Top 10 sports Coloradans bet on
What sport do Coloradans like to bet on most? According to the Colorado Division of Gaming, it’s NBA basketball. Colorado gaming officials Friday released a list of the top 10 sports Coloradans wager on as the state passed the three-year mark of legalized sports betting. Coloradans have bet more than $2.9 billion on the NBA…
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Coloradans bet $290 million on sports in August
The total amount of money waged by Colorado sports bettors in August rose by 12.3% compared to July, Residents spent $290.1 million on bets in August alone, according to the Colorado Division of Gaming. Compared to this time last year, Coloradans waged $78.2 million more on sports betting, a 36.9% increase year to year. The…
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State water plan on tap for $11.4 million from gaming revenue
Colorado’s state water plan will receive $11.4 million from gaming revenues this year, a 43% increase over last year’s distribution. The Colorado Limited Gaming Control Commission on Thursday announced that sports betting yielded tax revenues of $12.4 million in its second year of operation. Under House Bill 19-1327, which later became Proposition DD on the…
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Colorado gaming division points to pandemic in regulation glitches
Colorado Division of Gaming officials early Tuesday responded to a critical audit from the Office of the State Auditor, saying the pandemic impacted its ability to roll out legalized sports betting in Colorado. The state auditor issued a scathing audit Monday of how the division regulated the first full year of legal sports betting in…
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Colorado auditors ding sports betting regulators
Colorado’s Office of the State Auditor issued a scathing audit Monday of how the Division of Gaming has regulated the first full year of legal sports betting in the state, alleging the division hands out far too many temporary licenses and that it could be losing tax revenue by not requiring more documentation. The 56-page report covered…
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Colorado sports betting drops in April
Coloradans ponied up $392.3 million for sports betting in April, the state Division of Gaming said Friday. While that’s down month-over-month, it’s 60% more than residents bet in April 2021, according to a news release. Colorado residents have gambled almost $7 billion since sports betting was legalized in May 2020. The $392.3 million in sports betting…
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Basketball lifts March sports betting to second-highest monthly total
The final weeks of the NBA regular season and the NCAA basketball tournament lifted sports bets in Colorado last month to the second-highest monthly total in the nearly two years since such wagers were legalized. End of NFL season triggers decline in Colorado sports bets Bets on professional and college basketball made up nearly two-thirds…
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End of NFL season triggers decline in Colorado sports bets
With just one NFL game in February — the Super Bowl — Colorado sports betting declined 23.2% from January’s record total to $440.5 million, the Colorado Division of Gaming reported. Betting on pro football declined from $144.1 million in January to just $31.4 million in February, accounting for nearly 85% of the $133.2 million decline…