Tag: Officially

Colorado Sports Betting Officially Launches; DraftKings Offers Broncos Promo

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Colorado has become the 18th state with legal sports betting, going live today, May 1.

Though the state’s physical casinos — located in rural Cripple Creek, Black Hawk, and Central City — are closed until May 8 due to recent extended shutdown, bettors can take advantage of the state’s online sports betting and place their bets.

Despite launching during the looming COVID-19 pandemic, operators recently told PlayUSA how optimistic they are about Colorado’s future as a US betting power player.

There are four CO sports betting apps live today, including DraftKings. To mark the occasion, it has released a new promo boost through May 5 that might entice even the most die-hard Denver Broncos fans.

Read on for more Colorado sports betting info and how to take advantage of this limited offer.

Colorado sports betting basics

Colorado has an impressive and expansive list of brands on tap. Draftkings is expected to be a dominant force in the Colorado market once things begin to normalize around the country. But the company will also have to compete with other top-tier brands like FanDuel Sportsbook and William Hill.

As PlayColorado notes, patrons will have four CO sports betting apps to choose from on launch day. Other sportsbooks are expected to roll out mobile applications in due time.

  • FanDuel
  • DraftKings
  • BetMGM
  • BetRivers

Additionally, the state has approved 11 online operators which vary from operators like Rush Street Interactive to Fox Bet.

Approved sportsbooks:

  • theScore
  • PointsBet
  • Fox Bet
  • Circa Sports
  • Smarkets
  • Roar Digital
  • William Hill
  • Rush Street Interactive
  • Penn Sports Interactive
  • FanDuel Sportsbook
  • DraftKings Sportsbook

Not only will customers have access to traditional sports leagues (NFL, NHL, MLB, NBA), they will also be able to bet on in-state colleges like the University of Colorado and Colorado State. However, books are not authorized to offer individual collegiate prop bets.

DraftKings Sportsbook Colorado promo

For a limited time, DraftKings Sportsbook will be offering Colorado users +100 odds on the Denver Broncos to win over 6.5 games.

The Broncos went 7-9 last year finishing second in the AFC West with quarterback Drew Lock going 4-1 as a starter. Denver invested heavily in offensive weapons to help their young QB for the 2020 campaign, selecting top wide receiver Jerry Jeudy with the 15th overall pick and wideout KJ Hamler in the second round. Couple this group with emerging stars like tight end Noah Fant, wideout Courtland Sutton and newly acquired running back Melvin Gordon and +100 odds look very nice.

Denver Broncos CO Boost

  • Boost excludes: no parlays, free bets, cashout bets, void bets, live bets
  • Boost odds must be placed in the state of Colorado as individual bet slip
  • Max bet $50
  • One bet per user
  • Odds were -305, now +100

Bettors have until May 5 at 11:59 PM ET to place wagers.

Mobile Colorado betting at a glance

A significant CO sports betting rule is the ability for customers to register for accounts remotely. With the pandemic sweeping the country and quarantine measures in place, remote registration is beneficial.

Another benefit to mobile registration is its ability to drawn in potential customers from neighboring states. Residents from Wyoming, Nebraska, and Utah only need to cross the Colorado border to be able to register for an account and place a wager. With geolocation, once a player exits the state, they will no longer be allowed to bet.

The current list of available sports to bet on may be limited. But major sports leagues are continuing to discuss ways some seasons can be salvaged (NBA, NHL) or begin on time (NFL).

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Virginia Sports Betting Is Officially Legal After Delays

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Legalized Virginia sports betting is ready to colonize.

Lawmakers enacted into law a pair of bills, HB 896 and SB 384, that take effect July 1, thus legalizing regulated wagering in Old Dominion.

This comes after both the state House and Senate approved the bill in early March and then had the proposal sent back by Gov. Ralph Northam in mid-April.

Though a timeline remains unknown for an official launch, the Virginia Lottery Board must complete regulations by Sept. 15.

Virginia joins Washington as the first two states to enact legislation in 2020.

Virginia bill just beats the buzzer

Just to get the bill in front of the governor is something of a miracle.

Legislators were up against the clock and appeared at odds when it came to Virginia sports betting. Days waned to hours, which waned to minutes. The Senate and House discussed two main sports betting bills. However, neither chamber could agree on which to put forward.

Hence an 11th-hour conference between the two groups.

The House discarded a bill proposal during the final day of the session. A day later, however, essentially in extra innings, the two sides came to an agreement and in the final vote pushed the bill forward to the governor’s desk.

Northam then threw something of a curveball, developing several recommendations to be included in the bill. Lawmakers approved of those suggestions with little (or even any) disagreement, which one bill’s sponsor described as “largely administrative.”

Once legislators approved of the amended version, it became law.

What Virginia sports betting will look like

While regulators will still need to create a regulatory framework for Virginia sports betting, we know of some details of the future industry.

First, it appears that lawmakers will prohibit wagering on Virginia college sports. Any game involving an institution from Virginia or staged in the state will be off-limits.

Additionally, operators will not accept wagers on college prop bets.

That said, there will potentially be no shortage of Virginia sports betting options.

The Virginia Lottery, which will regulate the industry, will determine how many licenses to award operators based on what would best benefit the state. However, the lottery could potentially award up to 12 online-only licenses to bookmakers.

The state’s five casinos would receive preferred consideration for an online sports betting license, as would any professional sports team that relocates its facilities to Virginia. That last bit could be the state’s attempt to lure the Washington Redskins.

$250,000 check would provide a three-year license to an operator, which would have revenue taxed at a 15% clip.

Governor’s recommendations agreed upon by legislators

Among Northam’s suggestions in the bill was the inclusion of NASCAR facilities under the definition of a “major sports franchise.” As it stands, teams from pro leagues such as MLBNBA and NFL can offer legalized retail and online sports betting if they are located in the state.

The result is the authorization of Martinsville Speedway and Richmond Raceway to accept regulated bets.

Additionally, while wagering on in-state colleges is prohibited, Northam recommended that operators be allowed to take bets on tournaments involving those colleges.

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WSOP Officially Postponed Due To Pandemic, But May Return This Fall

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The 51st running World Series Of Poker (WSOP) in Las Vegas has been postponed. The move comes after weeks of rumors and speculation that the largest poker tournament of the year will be delayed or canceled.

Caesars Entertainment, operators of WSOP, says the postponement of the tournament is due to the public health emergency involving COVID-19 which has closed all US casinos. The company says that they would like to have the WSOP return later this year if and when the coronavirus pandemic concerns have lessened.

World Series of Poker is postponed — not canceled

WSOP 2020 has not been canceled. Caesars is targeting dates sometime in the fall of 2020 for the return of the poker tournament. The company will announce the exact dates in the future. Depending on the timeline they may have to reduce the number of events for the WSOP.

Last year more than 180,000 players participated in 90 events at the Rio All-Suite Hotel and Casino in Las Vegas. This year the annual WSOP was set to run from May 26 to July 15, 2020. The original WSOP schedule included 117 events.

Regardless of how many events could be canceled this year, WSOP will include poker’s world championship, the $10,000 buy-in Main Event championship. This is the most prestigious event and richest prize pool on the poker calendar every year.

“We are committed to running the World Series of Poker this year but need additional time to proceed on our traditional scale while prioritizing guest and staff well-being,” said Ty Stewart, executive director of the World Series of Poker.

WSOP.com still operating

Stewart continued saying “in the interim, official WSOP competitions are expected to be played online this summer, and we will soon announce details of an expanded series of tournaments to be played on WSOP.com and through a partnership with international operators, which will allow players to chase WSOP glory from their homes.”

WSOP.com is still operating so poker players can keep their skills sharp while remaining quarantined. The online poker website shares liquidity in the following states:

  • Delaware
  • New Jersey
  • Nevada

There are still more than 40 tournaments taking place in the WSOP Spring Online Championships which runs through May 3. Additionally, there are Sunday tournaments with a guaranteed prize of $100,000.

The big news of all is that the WSOP.com online bracelet events will continue as planned this summer. There will be a total of 14 online WSOP tournaments this summer. Buy-ins range in price from $400 to $10,000.

New Caesars could mean changes for WSOP

Eldorado Resorts is still in the process of closing a merger deal with Caesars Entertainment. The deal should be completed by June. Eldorado Resorts will operate the new company which will keep the name “Caesars” – without the entertainment.

While Caesars has a two-year lease to operate the Rio, the new company could decide to relocate the WSOP elsewhere in Las Vegas this year. It’s expected that Las Vegas casinos could re-open in stages. The Rio could remain shuttered for longer than other Caesars properties in Las Vegas since it’s located off the Vegas Strip and away from the other properties.

Even if Rio opens, Caesars could decide to relocate WSOP anyway. This could be an opportunity to showcase the new Caesars Forum convention center opening behind The Linq and Harrah’s. The new convention center was supposed to host the 2020 NFL Draft which was turned into a virtual event as Las Vegas shuttered all non-essential businesses for April.

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