Sports bettors are about to have a once in a lifetime opportunity as the NBA, the NFL, and the NHL are all planned to start back up around the same time.
“The bettors will be in gambling heaven for August and September, especially if the NHL and NBA come back as it looks like,” says Kornegay, the owner of the sportsbook that partnered with The Lodge Casino in Black Hawk, CO.
Colorado Already Has A Hefty Income Stream
Sportsbooks became legal for the first time in Colorado on May 1. According to the Colorado Department of Revenue, even though most sports have not started playing yet, approximately $25.5 million in bets have been placed so far.
That number is especially impressive, considering there are only seven licensed vendors in operation throughout the state. Colorado officials have approved twenty-five internet operators and nineteen brick-and-mortar retail operators to open for the next couple of months.
So hopefully, that helps revenue increase.
The Broncos, based in Denver, CO, became the first franchise with a sports betting sponsorship when they accepted a multi-year partnership with FanDuel.
The gambling relationships that were once taboo are now being celebrated for the first time. While the gambling market has been put on hold due to the coronavirus pandemic, it is expected to come back full steam in the coming months. This partnership is proof of that!
There Are Many Unknows – But That Shouldn’t Stop You
The restart of these leagues come with a myriad of questions.
- Will fans be allowed to attend the games?
- How will empty arenas affect the quality of the game?
- Will any players suddenly retire as a result of the new playing conditions?
- Will the athletes be able to perform at their best after a long time without practicing?
- Which teams will be ready to finish this unprecedented season?
These are just a few of the questions we all have, and I’m are sure you have even more. While I can’t answer any of these questions with any degree of certainty, I’m excited to discover the answers in the months to come.
This year has been unpredictable, to say the least.
Nothing has gone according to plan for anyone, and I’m not surprised that the same is to be said for the world of sports gambling. No one could have predicted that sports gambling would take off in Colorado or that the Broncos would team up with Fanduel during a pandemic, but both happened.
I’m eager to see what will happen next, and we should all expect to encounter unremarkable betting opportunities within the next couple of months.