With the Colorado Limited Gaming Control Commission prepared to approve sportsbook licenses in February, there are more than 50 applicants—so far— for 33 total licenses that will be issued.
The commission has been finalizing the rules in advance of legalizing sports betting this spring.
The 50 applicants breaks down to 28 from existing casinos in the state’s three gaming towns, 10 from operators who want to run retail sportsbooks and 13 from online apps. The state’s Department of Revenue’s Gaming Enforcement Division has not disclosed any names of applicants.
Although approvals of licenses will begin next month, they won’t be able to accept wagers until May 1, when the law approved by voters in November goes into effect.
Casinos will pay a 10 percent tax on their net profits, which will help fund the state’s water project. Supporters of sports betting say it will bring the state $29 million a year.
