Colorado Division of Forestry

Underdog Announces Pioneering Responsible Gaming Innovation Fund

Retrieved on:

Monday, October 9, 2023

Entertainment, Sports, General Entertainment, Other Sports, Online, Mobile Entertainment, Casino, Gaming, Investment, Mentorship, Colorado Division of Forestry, Responsible gambling, Fantasy, Ecosystem, FanDuel

Underdog Fantasy, the fast-growing sports gaming platform, today announced the launch of GuardDog, a pioneering investment initiative dedicated to fostering innovation in responsible gaming.

Key Points:

Underdog Fantasy, the fast-growing sports gaming platform, today announced the launch of GuardDog, a pioneering investment initiative dedicated to fostering innovation in responsible gaming.
Underdog is launching GuardDog with $1 million in initial funding to be used to support and accelerate early-stage startups focused on building new and creative solutions to address problem gaming and further responsible gaming.
Mentors include Brianne Doura-Schawohl, renowned responsible gaming advocate; Adam Warrington, former vice president of Responsible Gaming at FanDuel; Chris Grove, partner at Acies Investments; Dan Hartman, former director of the Colorado Division of Gaming; and Sara Tait, former executive director of the Indiana Gaming Commission.
With GuardDog, we intend to spur innovation to help companies that help people play the games they love — including all our games on Underdog — responsibly,” said Jeremy Levine, founder and co-CEO of Underdog.

WWE Wrestlemania 39 Betting Odds Are Available to Fans in the United States

Retrieved on:

Thursday, March 30, 2023

LOS ANGELES, March 30, 2023 /PRNewswire/ -- BetOnline.ag, a sports betting, poker and casino website that has been in operation for more than 25 years, has set odds for a number of WWE Wrestlemania 39 outcomes ahead of the company's flagship event, which takes place Saturday night in Los Angeles.

Key Points:

For the WWE Universal Championship main event, Cody Rhodes is currently a -450 favorite versus Roman Reigns, who is a +275 underdog, at BetOnline.
The above odds imply an 81.8% probability that Rhodes will defeat Reigns and wrangle the title belt from pro wrestling's longest tenured champion.
While many entities appear hesitant to allow betting on scripted events that could lead to revenue dilution, BetOnline.ag has been offering WWE and other pro wrestling odds since 2011.
And to further broaden its wrestling content ahead of Wrestlemania 39, BetOnline created an infomap that displays each state's rooting interest for the WWE Universal Championship main event between Rhodes and Reigns.

Colorado Sportsbooks Hit Revenue High with Nearly $40 Million in November

Retrieved on:

Tuesday, January 4, 2022

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LAS VEGAS, Jan. 4, 2022 /PRNewswire/ -- Colorado sportsbooks posted record revenue in November, yielding nearly $2 million in taxes for the state, even as the $475 million handle fell short of October's all-time high.

Key Points:

LAS VEGAS, Jan. 4, 2022 /PRNewswire/ -- Colorado sportsbooks posted record revenue in November, yielding nearly $2 million in taxes for the state, even as the $475 million handle fell short of October's all-time high.
Much of those wagers were made through online sportsbooks, which generated $469.0 million, or 89.6%, of Colorado's total handle.
Sportsbooks shattered the state's gross revenue record with $36.8 million in November, 28.5% from the previous record of $28.6 million set last month.
Net sports betting proceeds rose to $19.3 million from $9.8 million in October, breaking the record of $11.7 million set in January.

Colorado Sportsbooks Shatter Record with First $400 Million Month

Retrieved on:

Friday, October 29, 2021

Online and retail sportsbooks in Colorado combined to take in $408.3 million in wagers in August, which included $402.8 million in online wagering, according to data released Friday by the Colorado Division of Gaming.

Key Points:

Online and retail sportsbooks in Colorado combined to take in $408.3 million in wagers in August, which included $402.8 million in online wagering, according to data released Friday by the Colorado Division of Gaming.
September's volume was up 96.6% from $207.7 million in September 2020 and up 92.7% from $211.9 million in August.
That is up 443.9% from $4.2 million in September 2020, and was just shy of the previous high of $23.1 million set in January.
College and pro football took in more than baseball ($68.7 million), pro basketball ($16.3 million), tennis ($16.3 million), soccer ($13.0 million), and table tennis ($11.1 million) combined.