The 2022 Colorado betting scene is looking very different than it did just a few years ago.
With the advent of legal sports betting in the state, there are now numerous options for those looking to place a wager. But what does the future hold for Colorado betting?
We take a look at some of the potential changes and challenges that lie ahead.
What’s Happening in Colorado Sports Betting Right Now?
Online sports betting in Colorado is currently undergoing a period of growth. In May of 2020, Colorado became the nineteenth state to legalize sports betting. Since then, the industry has been thriving. Currently, there are over a dozen sports betting apps available in the state.
This growth will most likely continue. Colorado sports betting revenue was 28.24 million back in March.
There are a few factors that are driving this growth. First, Colorado has a large population of sports fans. Second, the state has a growing tourism industry. This means that more people are visiting Colorado and trying out sports betting while they’re here. Finally, Colorado has a very friendly legal environment for sports betting.
Facts About Colorado Sports Betting
Colorado sports betting became legal in 2019 after the passing of a bill by the state legislature. The first sports betting operations launched in the state in May 2020.
Since then, Colorado sports betting has been growing rapidly. In the first six months of operation, Colorado sportsbooks took in over $160 million in bets. This is more than any other state that has legalized sports betting.
The future of Colorado sports betting looks bright. The state’s location and population make it a prime market for sports betting.
How to start betting in Colorado
There are a few things to keep in mind when betting on sports in Colorado. First, it is important to choose a reputable and licensed sportsbook. There are many online sportsbooks that operate in Colorado, so it is important to do some research before selecting one.
Once you have selected a sportsbook, you will need to create an account and deposit money into it. You can then start placing bets on the various sporting events that you are interested in.
Be sure to set limits for yourself and stick to them. Wherever you are, you need to bet responsibly.