While there are nearly 20 licensed and legal sportsbooks in Colorado, just four of them were ready and prepared to go on the state’s May 1 launch date. Among them, as always, was FanDuel Sportsbook.
Fanduel, the sports betting and daily fantasy sports giant, holds working agreements with two Colorado casinos – Twin River and Golden Gates. Both are located in the mining town of Black Hawk.
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Fanduel CO – Brief Background & History
The casinos are owned and operated by Twin River Worldwide Holdings. The Lincoln, Rhode Island-based company purchased the two casinos from Affinity Gaming in January.
Though the casinos are currently closed due to the coronavirus, online and mobile sports betting will still be offered.
FanDuel established the sportsbook side of its operation in 2018 and it’s proven to be wildly successful for the company. Colorado is the fifth state in which FanDuel is operating legal sportsbooks. They’re already located in Pennsylvania, Indiana, West Virginia and New Jersey.
FanDuel and rival DraftKings have gone head to head in competition to be the top-earning U.S. online and mobile sports betting site since wagering on sports was legalized in the USA in 2018.
During 2019, FanDuel generated $419 million in revenue. That was a 45% increase from 2018 and made them the No. 1 earning site in the nation. FanDuel also added 285,000 new customers to its sports-betting empire during the year.
FanDuel sportsbook app offers Colorado customers a full menu of both major and niche sports upon which they will accept wagers. One of the bonuses to launching on schedule in Colorado is that they are among the few U.S. states to allow wagering on eSports.