Colorado – Bookielink

October 31, 2024

US September round-up: Sports betting in Colorado, New Hampshire and Rhode Island

Analysing some of the latest monthly sports betting reports in the US, iGB takes a look at how Colorado, New Hampshire and Rhode Island performed in September.

Colorado scores year-on-year growth in September

Starting in Colorado, the Colorado Department of Revenue this week reported total handle across online and retail in September hit $562.9 million (£433.0 million/€518.5 million). This beats last year by 9.8% and also surpasses August’s total by 51.2%, according to the Colorado Department of Revenue.

Of all wagers placed during September, $558.1 million was online and $4.8 million at retail sportsbooks.

Betting volume was helped by the start of the NFL season. Some $173.1 million was bet on American professional football in September, far more than any other sport. Baseball betting topped $69.0 million and college football $42.3 million.

Gross gaming revenue for September was $55.1 million, up 21.6% from last year and 66.0% more than August. Online contributed $54.6 million to..

October 18, 2024

Ute tribes’ Colorado lawsuit could set a precedent that goes beyond West Flagler

A pair of Colorado tribes are suing the state over the right to offer digital sports betting off reservation. The Southern Utes and Ute Mountain Utes argue that the West Flagler decision in Florida makes it so they have the right to offer statewide mobile betting under federal law. But does it?
The Southern Utes filed their lawsuit in July, about a week after the US Supreme Court declined to hear West Flagler vs Haaland. That case, decided in the US Circuit Court of Appeals for the District of Columbia Circuit, made it legal for the Florida Seminoles to offer statewide mobile betting.

The Ute Mountain Utes joined the Colorado lawsuit in September. The case is filed in the US District Court for the District of Colorado. And on Wednesday (16 October) the governor, Jared Polis, filed a motion to have the lawsuit dismissed.

It’s clear from the text of the complaint that the relationship between the tribes and the state has become strained. For a tribe to to offer digital wagering thro..

October 11, 2024

State of the Union: Missouri campaign donations approach $50m, Florida opportunity?

Welcome to iGB's State of the Union, a look at the biggest North American sports betting stories we've covered over the week and briefs on others we found interesting.
More money in Missouri
Casino and online gambling companies continue to pour money into campaigns for and against Amendment 2 in Missouri. The proposal, which will be on the November ballot, would legalise statewide mobile and retail sports betting.

Caesars Entertainment, which operates three casinos in the state, added another $3.3m (£2.5m/€3m) to Missourians Against the Deceptive Online Gambling Amendment on Monday (7 October). So far, the company is the only one funding the campaign and has staked it with with $14.2m to date. The Monday donation came via Caesars’ Tropicana St Louis property.

Under Amendment 2, Missouri casino companies would be entitled to one digital skin. When the issue was being considered in the state legislature, casino companies would have been able to get one skin per physical loc..

September 23, 2024

SI Sportsbook’s Colorado exit another example of squeeze on the small guys

Colorado has long been the testing ground for small or alternative sports betting operators in the US. But SI Sportsbook is now the seventh platform in about a year to announce that it is exiting the state.
The last 12 to 18 months have seen more contraction than expansion in the wagering world. No US jurisdiction in 2024 has expanded gambling, whether that be sports betting or online casino. In November, Missouri voters could approve legal wagering. If they do, Missouri will be the only state this year to legalise. If they do not, 2024 will go down as the first year since the Professional and Amateur Sports Protection Act (PASPA) was overturned during which no US locales legalised.

Legislators from Georgia to Minnesota tried again in 2024 to legalise digital wagering, but ran into a variety of issues from moral objections to trying to tie legal wagering to other issues like video lottery terminals to managing charitable or tribal gaming.

Choices dwindling
Even in states where onl..

August 30, 2024

Colorado wagering numbers up YoY, but handle down against June

Colorado's sportsbooks had a strong July, reporting increases in handle, revenue and taxes paid to the state against July 2023. Handle was up 14% and taxes paid to the state were up 33.2% according to the state's department of revenue.
The latest Colorado revenue report shows an 8.6% decrease in handle compared to June, but a 30.4% increase in taxes paid to the state. Digital wagering operators paid $2.4m (£$1.8m/€2.2m) to the state and bettors laid down $320.3m in handle.

The department of revenue uses the term “net sports betting proceeds” (NSBP) to identify operator revenue. For July, it was $25m, compared to $19.2m in June. Of that, the state’s online platforms accounted for $24.8m in NSBP and retail sportsbooks accounted for $175,009. Revenue was up from $19.1m in July 2023.

Baseball the most popular sport
The Colorado regulator does not break down its sports betting report by operator, but it does break it down by sport. Betting on baseball led all categories, with..

August 23, 2024

State of the Union: CFB injury reporting, bye-bye Bovada (again), banned bets in Colorado

Welcome to iGB's State of the Union, a look at the biggest North American sports betting stories we've covered over the week and briefs on others we found interesting.
MAC to require football injury reports
The Mid-American Conference (MAC) earlier this week became the second US college football conference to require injury reporting, the Associated Press reported on Thursday (22 August). The Big Ten was the first in 2023 and the SEC is considering the mandate.

BREAKING 🚨
The SEC continues to advance its player injury/availability reporting policy, but it has not yet been finalized, an SEC spokesperson says.
“The policy has been updated and is subject to further review. We will announce a final decision when it is complete.”
This… pic.twitter.com/y4aDvgPClj
— College Football Headlines (@CFBHeadlines) August 21, 2024

MAC teams will be required to provide an injury report three hours before kickoff. Reports will be available via the conference’s website and X social-media p..

July 10, 2024

Colorado tribe invokes federal Florida decision in suing state for right to offer statewide digital sports betting

On Monday (8 July) Colorado's Southern Ute tribe revealed during an American Indian Affairs interim study committee meeting that it has sued Colorado's governor, Jared Polis, and the state of Colorado. The tribe claims that the state has blocked its ability to offer digital sports betting.

Tribal chairman Melvin J Baker invoked the recent decision by the US Supreme Court not to hear the West Flagler vs the US Deptartment of the Interior case as clearing the way for the lawsuit. Baker said that because that case “held that the Seminole tribe was entitled to engage in statewide sports betting in Florida any legal objection to the Southern Ute and Ute Mountain from engaging in statewide sports betting is gone.”

The tribe filed suit in the US District Court for the District of Colorado on Monday. The court set a 10 October date for a scheduling and planning conference. From there, if the parties have not reached an agreement, the case would move forward in court.

Statewide d..

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Tag: Colorado