After waiting for four months since legalizing sports betting, Colorado is ready to enter the sports wagering market. After the Colorado lawmakers finally made sports betting legal in November of 2019, the state is ready to take its first bet. Thus, Legal Sports Betting in Colorado Starts on May First and bettors are ready to bet on their favorite team.
For Colorado betting fans, this is great news. This is because they will no longer have to take a drive to Las Vegas to bet on the Broncos. However, the Coronavirus pandemic has thrown a wrench in the festivities.
This is because most sportsbooks and casinos around the world have temporarily shut their doors. Furthermore, there are not a lot of sports to bet on because of the postponement of the most sports leagues. Therefore, no big parties will be held in casinos and sportsbooks in Colorado, but online betting will be available.
Legal Sports Betting Available in Colorado
Legal Sports Betting in Colorado barely began law last year. However, it is now legal, and the state now gets a 10% revenue from casino winning as well. Starting tomorrow, Coloradans will be able to bet on most sports. There are not many limits to what sports they can bet on. This includes the NFL, Soccer, the Olympics and pretty much anything you can imagine.
Four sportsbooks will start taking sports wager on May first. Of course, there will not be a lot to bet on, but at least Korean baseball will be available! The 4 sportsbooks that will have an online sports betting app ready are FanDuel, DraftKings, BetMGM and BetRivers.
Pay Per Head Blog believes these sportsbooks will be competing hard for a piece of this sports betting market. The first month will be crucial because most people will stay with the first sportsbook app they download.
FanDuel said they will be ready to take online sports betting on Friday. This is because they already have their online sports betting software ready to take bets immediately. In addition, they believe they have an advantage because have a Player Prop Bet Builder in their sportsbook App.