Colorado sports betting law

University Signs First Ever Sportsbook Sponsorship Deal

September 08th 2020

Today the University of Colorado announced that they have signed a 5 year deal with PointsBet sportsbook. This is the first ever sponsorship deal between a sportsbooks and a division 1 college team. The deal will provide the University of Colorado with money in the absence of other forms of income due to the coronavirus pandemic. The most costly result ...

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Huge Win for NBA Bettor at BetMGM

August 05th 2020

The NBA season is back in full swing and it looks like they are doing things the right way. The league is finishing their 2019-2020 season in a bubble located at Disney World in Orlando, FL. Covid has not yet threatened the league like it has MLB. The return of NBA action also means the return of NBA betting. That ...

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Capital One Sportsbook Ready to Take Bets

July 31st 2020

The former box office space at the Capital One Arena in Washington DC has been converted into a temporary sportsbook. The location is licensed to William Hill and is set to take cash bets at the moment. The spot is temporary because the permanent sportsbook spot is currently being built. The box office location will be open 7 days a ...

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Virginia Likely Won’t Add a 10% Hold

July 17th 2020

The news from the state of Virginia this week is that the state is most likely not going to keep a 10% hold on sports bets. This is good news for those in the know. Many states rolling out sports betting are looking to cash in as much as possible as early as possible and are adding all sort of ...

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Bellagio Error Costs them $250K

July 06th 2020

Las Vegas - Nevada Running a sportsbook is fraught with all types of challenges. Getting the right point spreads and odds can be the difference between making or losing a million dollars in a single day. But other seemingly mundane information must be entered into the database so that operations run smoothly. 8 Days ago, Bellagio in Las Vegas posted ...

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California Sports Betting a No Go in 2020

June 25th 2020

There were serious efforts to get sports betting legalized and regulated at the state level in California. There were originally two pieces of legislation introduced that would make sports betting legal. Each had its own cause and stipulations. Advisers to Governor Gavin Newsom worked with the two sides to try and reach a compromise. Senator Bill Dodd indicated that there ...

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Sportsbook Receiving a Ton of Action on One Baseball Team

June 24th 2020

It was announced yesterday that MLB wil hold a 60 game season starting next month, to the relief of sports fans and sports bettors everywhere. Now, online and brick-and-mortar sportsbooks can start getting back to business booking sports bets. Ever since the announcement yesterday, BetMGM has been getting hammered with New York Yankees (+350) bets. I guess many fans and ...

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FanDuel and DraftKings Dominate New Jersey Market

June 10th 2020

Originally posted by Darren Rovell, sports betting reporter, the following statistics were posted for market share of the state of New jersey regarding its sports betting market: Overall Market-share by Sportsbook FanDuel:  44% DraftKings: 32% William Hill: 7% PointsBet: 5% 15+ others: 12% His source is cited as Bank of America Securities FanDuel and DraftKings were very aggressive getting into ...

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DraftKings Will Now Offer Live Streaming Sports Through App

May 28th 2020

Teaming up with sports live content provider Sportsradar, DraftKings sportsbook has announced it wil be streaming live events from its mobile app. The streaming will be available for anyone that has funds in their account. As of right now it appears they will be streaming Korea Baseball Organization and Bundesliga Soccer (Division 1) as these are some of the only ...

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DraftKings Goes Public

April 24th 2020

DraftKings is an online fantasy sports provider. They are also in the sports betting space. Last year they purchased long-time sports betting industry heavy-weight SBTech, shoring up their position in this market. One day after shareholders agree to go public, Draftkings did just that. They chose the Nasdaq stock market, a market known for their tech stocks. DraftKings symbol is ...

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