Posted inBusiness, News

Coloradans continue to up the ante on their sports bets. So why did tax revenues plummet?

You’ve seen the come-ons, virtually nonstop on TV in between the onslaughts of political advertising: Online sportsbooks offering “free” money to bet on their site, or offering ridiculous proposition bets that make you a winner in an NFL game if either team scores a touchdown.  Maybe you’ve even downloaded an app yourself and made some […]

Posted inBusiness, Education, News

University of Colorado signs sponsorship deal with sports betting operator

BOULDER — The University of Colorado has signed a partnership deal with a Denver-based sports betting operator. The five-year corporate sponsorship with PointsBet was negotiated by Learfield IMG College, the media rights holder for Buffaloes athletics. PointsBet will have signage at Colorado’s football stadium and basketball arena and ads on radio broadcasts and other media. […]

Posted inNews, Politics and Government, Sports

Table tennis got the lion’s share of Colorado’s first $25 million in sports betting wagers

More than $6.5 million was wagered on table tennis matches in Colorado in May, accounting for about a quarter of the state’s first month of sports betting. Gamblers shelled out a total of $25.6 million in sports bets in May as they contended with a shutdown of professional American sports because of the coronavirus crisis.  […]

Posted inEnvironment, News, Outdoors, Politics and Government

Sports betting won’t generate any money for Colorado’s water needs in first year, new analysis says

When Colorado voters OK’d Proposition DD last month, they were told sports betting would deliver millions in tax revenue toward solving the state’s water problems.  But a new analysis from the Polis administration shows that likely won’t happen in the first full year of wagering.  The Division of Gaming expects sports betting, which starts in […]