Colorado Success Could Lead to Further Change


Throughout the past year there have been sweeping changes across many states in the U.S aimed at providing new and legalised options for online sports betting and online gambling here, and with an aim at economic recovery it seems other states that may have been less likely to accept these changes may be the next to make the adjustment. Success of others will spur many to make the change too, and Colorado could become the poster child for legalised online sports betting after an extremely successful first year, and signs that the second year could provide numbers just as strong too.



The biggest online opportunities were found in sports like the NBA, NFL, NCAA, and many others too growing a $2.3 billion online sports betting market in the first year and being amongst the most successful states to make this change, with the agreement that a portion of this will also go to water conservation efforts in the state too it stands out amongst others for doing something very right – it has gained attention from across the pond too, the lower tax rates for these services at just 10% are attracting international companies too as the state could also welcome one of Europe’s largest sports books as Tipico have eyed Denver as a new hub within the US and creating over 400 jobs with the average annual salary approaching $100,000. Given the huge growth seen in the online space over this past year, the interest from these other businesses, and the changing of legislation in other states too, it could seem as if a there will be a following trend for further online options to emerge, and for these other online options to find similar levels of success too. 

Whilst numbers are still coming in from this past year for Colorado betting, it is expected that figures will be higher than the year before as events have returned to normal and some have even taken part in a bigger capacity too, and the introducing of a European sportsbook could lead to further international opportunities for punters and players too looking for the best online options. Colorado has shown a way forward for those perhaps on the fence, or those unsure around the most successful way to introduce change, but certain approaches with the lower tax rate in particular and the other conservation efforts voted on have helped push the needle and have helped to smooth the transition and certainly something that will be needed in the time to come for those less likely to have this online transition. 

First Year of Success Opens Opportunities for Colorado

As many states across the U.S are starting to introduce and implement different regulation for online gambling and online sports betting, those that move first and have success are certainly standing out – bigger operators like many of these big options are looking to expand into the U.S market, and states like Colorado could certainly be the first-choice option for the operators looking to grow. 

In the first year after legalising online sports betting, Colorado was able to build a $2.3 billion market that focussed on some of the biggest sporting options including the NBA, NFL, NCAA, and more and with the tax funds being put towards water conservation efforts in the state it is certainly a win-win for all involved. Colorado had been praised by many too for the lower tax rate at just 10% for these services and the ease of access for new players looking to become involved in online sports betting – it certainly has become a great example of how to successfully incorporate these options, and perhaps even provide a blueprint for other states looking to do the same, particularly where tax incentives are involved and methods for ensuring that newer players have the easiest time possible with signing up and taking part.

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It’s something that may already be paying off with international interest too as one of Europe’s biggest sports book have eyed Denver as a potential location for their new tech hub – with the possibility of creating over 400 jobs with an annual salary close to $100,000, it’s a huge opportunity for the state, and it has been noted that the successes found with the introduction of online sports betting have certainly contributed to the choice of Denver as one of the highly likely metro areas that have been considered.

Other reasons are included with the tax incentives that have been offered to welcome this international company too, a long with a few other big options that are looking to move to the region too – this will certainly be huge for the online sportsbooks operating in the region and offering more options to different players will help to provide the best possible experience, and with such a strong first year there is still plenty of room to grow and to find more success too. 

The second-year figures are already looking very promising and may look to match or even surpass the figures from last year, with the influx of interest from other sportsbooks looking to open it’s looking like Colorado has a very healthy sports betting market too, and provides a great opportunity for other states to follow for similar success.

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They’re probably being sent as we speak.

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