COLORADO SPRINGS — Starting Friday, the state of Colorado has allowed for new rules in sports betting, including online gambling.
The Colorado Limited Gaming Control Commission has approved which leagues are eligible for sports wagering and which events can be subject of proposition betting--wagers placed on individual players or events within a game-- including online apps such as DraftKings and FanDuel.
DraftKings and FanDuel are among the top sports wagering apps, and they are excited for Colorado to be among the first few states to allow online sports gambling, according to releases.
“We are thrilled to introduce Colorado’s passionate sports fans to DraftKings Sportsbook,” said Matt Kalish, co-founder and president, DraftKings North America
The Department of Revenue’s Gaming Enforcement Division created an initial catalog list of eligible bets to be continually updated and distributed to sports book operators in the state, according to Division Director Dan Hartman.
According to Hartman, if a licensed casino or sports book operators wanted to add a prop bet to the catalog, they must submit an application 72 hours prior to the bet being open to the public. It would be an ongoing list that is being consistently updated. With a plethora of different betting opportunities, this could become unmanageable.
“This could be an extraordinarily long, changing day-by-day kind of list,” said Mark Grueskin, an attorney representing several casinos. “I know that the approved list is going to be a challenge.”
While the rules and regulations may be a work in progress, Coloradans are excited to be a part of the sports gambling community, in particular, Cripple Creek. Cripple Creek already relies heavily on casinos for a majority of their revenue. Cripple Creek leaders say it could provide some financial relief for the city.
To look at the full list of approved events and wagers, visit the Colorado Sports Betting catalog.
