Tag: Sports Wagering
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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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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…