At a time when we’re seeing record gambling revenues from Las Vegas to Atlantic City, we may lose sight that Colorado and Tennessee sports betting are also doing well. Actually, Colorado just set a new record for their sports betting handle with just over $408 million in the month of September. The monthly revenue for the state was more than $22 million, which barely missed setting another record for revenue in a month. Their best month ever was slightly over $23 million. Meanwhile, Tennessee sports betting is doing better than anyone expected. The state’s Education Lottery there have been $1.7…

The state’s Division of Gaming has released Colorado sports betting figures showing that over $200 million was wagered just in September. That’s up 61% compared to the month of August. Despite the American football season ‘kicking off’, baseball was the sport with the most money wagered. More than $47 million of bets were placed, with football second, basketball third and then followed by hockey. The activity added nearly $70,000 in taxes to state coffers, the division reported. The sports gambling industry debuted in Colorado on May 1st, and amid a pandemic that put a hold on many professional sports. You…

Rocky Mountain bettors did not disappoint in their first full month, as Colorado sports betting was able to process over $25 million in bets. All bets were placed via mobile devices since all land based casinos were closed in mid-March due to Coronavirus. Four operators launched on May 1, the first day from which bets could be taken, with six licensees currently active. DraftKings, FanDuel, Roar Digital’s betMGM and Rush Street’s BetRivers opened their virtual doors May 1st, followed by Monarch Casino on May 14th, and Stars Group on the 19th. The first month handle was even more impressive when…

FanDuel and DraftKings will both be a part of the Colorado sports betting landscape via an agreement with Twin River Worldwide Holdings, who recently acquired three casinos in Black Hawk from Affinity Gaming. Colorado could be the 5th state launch for FanDuel, which already operates in Indiana, West Virginia, Pennsylvania and New Jersey. It would be the sixth for DraftKings Sportsbook, which also operates in the previously mentioned states and New Hampshire. Sportsbooks will be allowed to legally take bets in Colorado on May 1, but there’s no guarantee that state officials will be ready. To read more on Colorado…

We have a week full of gambling news to cover, with sports betting news in Colorado and betting kiosks rolling out in Montana! Also, as betting on horses thrives in Kentucky, some there have a “moral objection” to betting on sports! Plus, tribal gaming news from Oklahoma and Chinese hackers hit online gambling sites!   Hello people, and thanks for joining me on on another stroll through the gambling news. Although this week we don’t have a big story, just a bunch of little ones! So let’s get right into it with betting on sports in Colorado! Seven licenses for…

Some fifty casino have applied for licenses, and now seven have been approved to conduct Colorado sports betting once the activity becomes legal on May 1st. Now it’s a question of whether those seven licensees will be ready in time. Each license permits retail sports betting and one online betting skin per licensee. Each applicant pays $10,000 before applying, plus a $125,000 license fee on approval. Bettors will need to be physically located within the state’s border to place bets via their mobile devices. The state’s two tribal casinos are also understood to be pursuing sports betting, although they do…