Can I Start an Online Sportsbook From Colorado?
One can start an online sportsbook from the state of Colorado through the use of a sportsbook software solutions firm. The US Supreme Court has ruled that sports betting is now legal but each state must come up with its own amended laws. Colorado has since amended its state laws to allow sports betting online and via one's mobile phones courtesy of a voter amendment that just narrowly squeaked by.
What You Need to Start Your Colorado Sportsbook
Bookies will have some tough competition here from the state-regulated books. There are 24 currently in operation.
DraftKings, PointsBet, FanDuel, Caesars, BetRivers, BetMGM, SuperBook, Fox Bet, BetFred, Bet365, WynnBet, Betway, Tipico, SBK Sportsbook, Barstool, SI Sportsbook, PlayUp, Bally Bet, Elite Sportsbook, Betsafe, Play Maverick, BetMonarch, Circa Sports, Sky Ute.
Local bookies can capitalize on taking players 18 to 21 as regulated books require gamblers to be 21 and up. State-regulated apps also leave an opening for bookies if anyone is looking to place college prop bets. These are prohibited with the state-regulated books.
Just a few players is all you'll need to get going. Each player will cost around $10 per week, but that's about four to five times less than what each customer will cost you in overhead on your own. You will get full access to the software, both back end and access for players, 24/7 customer service, complete reporting, expert linesman and LIVE IN-PLAY WAGERING, not to mention an online casino and full service race book.
Your Teams (March 31, 2023)
Denver Nuggets - This is your team right now as they had the 4th shortest odds to win the NBA Championship.
Avalanche - The Avalanche pay the second shortest odds at 6-1 to win the Heisman Trophy. Only the Bruins have better odds.
Rockies - The Rockies odds of winning the 2023 World Series are slim to none at +30000. That's a $30,000 payout on a $100 bet.
Denver Broncos - The Broncos were supposed to be in the hunt for a Super Bowl after trading for Russell Wilson last year, but instead they ended up with a 5-12 record Straight Up and 7-10 Against The Spread. They are in the middle of the pack among NFL teams coming into 2023.
- Mary Montgomery, Gambling911.com
