FanDuel, Fox Bet and PointsBet receive approval in Colorado

Colorado’s regulatory body has approved a new set of sports wagering licenses.

Colorado’s Limited Gaming Control Commission (CLGCC) has awarded several new licenses for sports wagering, including online licenses for FanDuel, Fox Bet and PointsBet.

This news comes after Colorado’s regulatory body issued eight sports wagering licenses earlier this month.

Who got a license?

At a meeting held by the CLGCC last week, the regulatory body awarded master sports wagering licenses Glen Mardi Gras, Golden Gates and Golden Gulch casinos, which are all owned by Twin River Worldwide and located in Black Hawk.

Back in January, DraftKings entered a deal with Twin River Worldwide to serve as Golden Mardi Gras’s land-based and mobile sports wagering partner. DraftKings was awarded a temporary sports wagering license earlier this month.

FanDuel was also awarded a temporary internet license at last week’s CLGCC meeting and will also serve the state through an agreement with Twin River. However, FanDuel will only offer online and mobile sports wagering in Colorado.

FHR Colorado was also awarded master licences for Bronco Billy’s Casino, Billy’s Casino and Christmas Casino & Inn by Bronco Billy’s properties.

PointsBet, which partnered with Double Eagle Casino for sports betting, was awarded land-based and internet licenses. The operator’s partner, Double Eagle, was awarded a master license for sports betting back in February.

Fox Bet was also awarded an online license at last weeks meeting. The online brand’s parent company, The Stars Group, secured access to the state through a deal with Eldorado Resorts which was inked in 2018.

Bet.Works, which will power theScore’s sports betting product, GVC Holdings’ Stadium Technology Group and Sports Information Services, were all awarded vendor major licenses. Vendor minor licenses were awarded to the payment processing company OBeP Payments; the odds provider PopOdds and the marketing agency known as Fan Leads.

Sports betting in Colorado

The state of Colorado is one of the latest states to legalize and approve sports wagering. The Centennial State narrowly legalized sports betting in November 2019 after voters approved the sports betting measure through a referendum.

Three different types of sports betting license will be available: a master license, a sports betting operator license and an internet sports betting operator license. The cost of these licenses has yet to be set.

Colorado’s sports betting legislation will also establish the Colorado Gaming Control Commission (CGCC), a new regulatory body charged with regulating the state’s sports betting industry.

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