Gambling in the USA
COLORADO SPORTSBOOKS HIT ANOTHER HIGH WITH $210.7 MILLION IN OCTOBER
Estimates show that DraftKings and FanDuel have dominated the market, but more competition is coming, according to PlayColorado analysts
Colorado’s online and retail sportsbooks surged to a new high again in October, capitalizing on a sports schedule that resembled a more normal month than in any other since the Centennial State launched sports betting in May, according to PlayColorado analysts. This while fresh proprietary estimates from gaming researchers Eilers & Krejcik Gaming and obtained by PlayColorado show that sportsbook heavyweights DraftKings and FanDuel have so far captured the vast majority of the Colorado market.
“October’s data shows that Colorado’s market is able to thrive even as the sports schedule normalizes and able to overcome a local team struggling, such as the Denver Broncos,” said Jessica Welman, analyst for PlayColorado. “Another sign that the market is marching toward maturity is that DraftKings and FanDuel have firmed up their market leads in the state, something we’ve seen in every legal market that has launched since 2018 while attracting a large number of competitors to push innovation in the market.”
Colorado’s sportsbooks attracted $210.7 million in bets in October, according to data released Monday by the Colorado Department of Revenue’s Division of Gaming. October’s handle was up 2% from $207.7 million in September, generating a record $17.4 million in gross gaming revenue, up 317.7% from $4.2 million in September.
Eilers and Krejcik estimates obtained by PlayColorado show that DraftKings and FanDuel — the nation’s two largest sportsbook operators which both launched in Colorado on May 1 — have generated 84% of Colorado’s gross gaming revenue since the market launched in May.
According to the proprietary estimates:
- DraftKings has captured 46% of the online market in terms of gross gaming revenue since the market launched in May. That would equal more than $18 million through October.
- FanDuel has generated 38% of gross gaming revenue since launch. That would be more than $15 million through October.
No new operators launched in October, but more competition is coming. PointsBet launched earlier this month, and Penn National’s Barstool-branded app is expected soon after opening a Barstool-branded retail sportsbook in early November at Ameristar Casino in Black Hawk.
“DraftKings appears to be winning the battle so far, but FanDuel is a force as the two jockey for the market lead,” said Ian St. Clair, analyst for PlayColorado.com. “That leaves a lot of smaller operators fighting for the remainder of market share. Colorado’s market is still sorting itself out, though, and that could bring challengers to the dominance of the Big Two.”
Online betting produced 98%, or $206.4 million, of October’s wagers. That was up from $203.9 million, or 98.2%, of September’s handle. All retail and online bets netted $9.6 million in betting proceeds, a jump from a $3.4 million loss in September. October’s winnings yielded $824,700 in taxes.
Colorado’s October handle fell behind Indiana, which attracted $230.9 million, to place No. 6 among the nation’s largest markets behind New Jersey, Nevada, Pennsylvania, and rapidly expanding Illinois.
“Colorado remains a major player in the U.S. market, with perhaps the most competitive market for operators,” Welman said.
Even with the Broncos’ struggles, the NFL was easily the most popular bet in October, attracting $68 million in action, up from $38.6 million in September. With the World Series, baseball managed to draw $23 million in bets. And college football, aided by the return of Colorado State and Air Force, jumped to $16.5 million in October from just $3.8 million in September.
“The jump in interest in college football shows how local interest can affect betting, and a bigger jump should be expected after the return of the Buffs,” said St. Clair. “Otherwise Colorado is mirroring other major markets in that the NFL is king in the eyes of bettors.”
For more information and analysis on regulated sports betting in Colorado, visit PlayColorado.com/news.
Gambling in the USA
Gambling.com Group Completes Acquisition of Odds Holdings, Inc., Parent Company of OddsJam
Gambling.com Group Limited (Nasdaq: GAMB) (“Gambling.com Group” or the “Company”), a leading provider of digital marketing services for the global online gambling industry, announced today that it completed the previously announced acquisition of Odds Holdings, Inc., the parent company of OddsJam, on January 1, 2025, as planned and on schedule.
The completion of this acquisition underscores Gambling.com Group’s ability to execute strategic transactions efficiently and without delay. This acquisition expands Gambling.com Group’s footprint in the online gambling ecosystem by adding complementary recurring revenue streams from consumer subscription products and enterprise clients. The Odds Holdings platform, powered by state-of-the-art technology for real-time odds data, strengthens the Company’s position as a leader in the global online gambling ecosystem.
Revolver Gaming, a leading developer of premium online slot games, is excited to announce its latest partnership with Blazesoft, a leading provider of online social casinos with sweepstakes elements. This partnership will see Revolver Gaming’s acclaimed portfolio of slot games delivered to Blazesoft’s brands, enriching their offering and providing players with cutting-edge entertainment.
Blazesoft is a well-established leader in the social sweepstakes market with leading brands in Fortune Coins, Zula Casino, Sportzino, Yaycasino.com who deliver engaging and compliant gaming experiences to players. By introducing Revolver Gaming’s innovative titles, Blazesoft strengthens its position as a prominent group operating the largest online social casinos in the U.S. and Canada for players seeking immersive and high-quality content.
As part of the collaboration, players on Blazesoft social gaming platforms will gain access to Revolver’s top-performing titles, including Badlands, Irish Coins, and Thor of Asgard. These games, celebrated for their stunning visuals, unique features, and dynamic gameplay, align perfectly with Blazesoft’s mission to offer exceptional entertainment to its users in North America.
Ryan Lazarus, CEO of Revolver Gaming, commented:
“We’re thrilled to partner with Blazesoft, a standout operator in the social sweepstakes sector. This collaboration highlights our commitment to bringing top-quality games to players in innovative and growing markets. The social sweepstakes space is booming, and Blazesoft’s platforms provide the perfect home for our titles to reach and engage new audiences.”
Yuliya Ivanisova, Chief Commercial Officer at Blazesoft said: “With Blazesoft’s established reputation and Revolver’s innovative content, this collaboration sets the stage for enhanced player experiences and strong market performance.”
The partnership underscores Revolver Gaming’s dedication to supporting operators in the social sweepstakes gaming industry, a market that continues to experience tremendous growth. With Blazesoft’s established reputation and Revolver’s innovative content, this collaboration sets the stage for enhanced player experiences and strong market performance.
Renowned for its deliberately different philosophy, JETT/Terrible’s Gaming is now revolutionizing mobile gaming with the launch of Terrible’s Mobile Gaming. Offering Nevadans fast-paced Multi-Player 5 Card Draw Poker on mobile devices statewide, this groundbreaking multiplayer app enables real-money games anytime in Nevada, complete with thrilling features like Royal Flush bonuses of up to $4,500, Four-of-a- Kind payouts of up to $175, and more.
“JETT/Terrible’s Gaming and the Terrible’s brand in general have been making life more convenient for Nevadans for over 65 years. Now, we are excited to bring that same level of convenience to mobile gaming—delivering the excitement of Multi-Player 5 Card Draw Poker directly to our customers, wherever they are, and within the palm of their hand,” said Tim Herbst, President, JETT Gaming & Terrible Herbst Inc.
To celebrate the launch, Terrible’s Mobile Gaming is offering a *deposit match of up to $500 every week. Download the Terrible’s Mobile Gaming app on the App Store and Google Play Store for *details:
In collaboration with Real Gaming, one of Nevada’s pioneering licensed iGaming operators, Terrible’s Mobile Gaming integrates state-of-the-art technology to provide an unparalleled gaming experience across the state.
“Nevada players know that both the JETT Gaming and Terrible’s Gaming brands mean convenience, and that’s exactly what we’ve delivered,” said Lawrence Vaughan, co-founder of Real Gaming. “Players are loving it!”
For more information, visit terriblesmobilegaming.com.
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