SI Sportsbook announced it is the latest in a series of smaller sportsbooks to leave the Centennial State, following a trend of lower-tiered sportsbooks doing the same in other states.
Tag:
Colorado
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BetSafe will close its Colorado sportsbook operations on September 30, 2024, amid a wave of market consolidation. This departure reduces Colorado’s online sportsbooks from 19 to 17, joining other recent exits. New entrants like Novig are set to fill the gap.
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The news was very good for Colorado’s sportsbooks in May as the collective win rate was the second-highest ever in its history, trailing only September 2022 in that category.
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Colorado voters will determine the allocation of surplus sports betting revenue in November. The options include funding conservation projects or returning money to operators. The decision follows the unexpected revenue surge, challenging the initial $29 million cap set by the state legislature.
