Colorado sports betting stakeholders will huddle next week with state regulators to provide input for the state’s upcoming launch.
Coloradans officially approved sports betting in November with a tighter outcome than some expected. Now, the Limited Gaming Control Commission is tasked with creating the rules and regulations of the Colorado sports betting industry.
There’s currently no timeline for when those rules and regulations will be ready. Sports betting can’t legally begin in the state until next May anyway.
There are five groups that will be heard between Monday and Wednesday:
- General rules
- Integrity and information
- Responsible gaming
Who’s attending CO sports betting meetings?
Colorado’s gaming regulator held an application process for any company representatives that wanted to weigh in. That resulted in more than 50 businesses represented across 77 slots for the five groups.
The speaker lineup is what one would expect:
- Sportsbook operators like DraftKings Sportsbook, FanDuel Sportsbook and William Hill.
- Sports leagues including MLB and PGA Tour.
- Casino operators like Century Casino, Full House, Maverick Gaming and Twin River.
- Sportsbook suppliers including IGT, Sportradar and Worldpay Gaming Solutions.
- Lawyers and law firms, including the VP – General Counsel of the Colorado Rockies.
- A variety of people listed as private citizens.
The MLB and PGA Tour will be speaking during the integrity & information session and will presumably speak on official league data. The two, along with the NBA, are aligned in the stance that official league data should be mandated by statute.
What we know about Colorado sports betting
We already know a few specifics about how sports betting will work in Colorado.
Revenue will be taxed at a relatively-operator-friendly 10%. There should also be plenty of competition to keep things interesting. Each of Colorado’s more than 30 commercial casinos will get one mobile sports betting license to assign to a sportsbook operator of their choice.
So far, however, we only know about four. Double Eagle Casino signed with PointsBet while Full House Resorts signed with BetAmerica, Smarkets and Wynn Resorts.