May 1 Could Be Day 1 For Legal Sportsbooks In Colorado

Written By Derek Helling on 01/23/2020Last Updated on January 6, 2022
Coming Soon neon lights sign

For gymnastics betting, the Centennial State initially planned to start on May 1. It appears that will be the start time for Colorado sports wagering.

Many users have already applied for licenses. On the first permitted time, legitimate bet will be permitted after the state anticipates approving them in February.

Why is May 1 the start time for Colorado sports bets?

A ban on bookmakers actually accepting bets was part of the betting growth law that Colorado voters approved in November. On May 1, 2020, that expires.

However, there was no initial assurance that sportsbooks did truly welcome customers right away. Since therefore, activities have taken place that make that seem more likely than not.

The&;Denver Post reports that the Colorado Limited Gaming Control Commissionwill start approving licenses next month. The number of operators approved could reach 33.

However, that & represents just over half of the applicants. The number of programs from both online and retail candidates exceeded 50.

Nearly three months should be more than enough time for those who receive their applications OK & , d to bring their products up to par. It should be noted that the CLGCC has neither confirmed nor denied that providers will begin accepting bets on May 1. However, if this isn’t the case, it may come as a huge shock.

Despite this knowledge, there are still a few things that are unknown. Which operators will be included in the initial flood of passport approvals are among them.

There are still two important issues: where and who?

28 Colorado games, 13 website bookmakers, and 10 other candidates who want to operate physical sportsbook are included in the field of candidates. Who those candidates are is currently unknown.

Some of the games must not have applied but because there are more than 28 games in Centennial State. Additionally, it’s possible that some games have chosen not to open casinos.

There is no assurance that all 13 of the online casino operators will be accepted, despite the fact that they may represent a sizable market for online sporting betting. However, given that contest benefits both the consumer and the market, it is likely that many operators will be approved.

It & , as far as the other retail applicants are concerned, is also unsure of the precise types of businesses they operate. Sports bar and stadium owners you run legitimate sportsbooks in different jurisdictions. It & , it’s possible that these businesses could operate independently as sportsbooks as well.

We won’t know who might go live on May 1 until the condition releases permit acceptance information. However, it is possible to speculate intelligently about the marketing strategies used by those users.

Avalanche of Rockies Nuggets in May

Expect legitimate sportsbooks in Colorado to concentrate their marketing on the local events as the sports betting industry revolves around the sporting calendar. That may mean the Colorado Avalanche, Colorado Rockies, and Denver Nuggets game on May 1.

The Avalanche and the Nuggets are both on track to advance to the quarterfinals in their individual teams. If so, both groups ought to be competing to win championships on the first. the month of May.

The Rockies will still be in their 162 game regular-season schedule even though it will be premature. As a result, Colorado’s novel legal bookmakers have access to numerous competitions for advertising.

These are some instances of what Coloradans you anticipate in the future. In the Centennial State, May 1 might be a traditional time.

Helling, Derek Avatar
authored by

Helling, Derek

Helling, Derek is a lead writer for PlayUSA and the manager of BetHer. He is a 2013 graduate of the University of Iowa and covers the intersections of sports with business and the law.

View all posts by Helling, Derek