Colorado Sports Betting Shows Strong Growth, Alongside Focus on Responsible Gaming
Colorado’s sports betting market continues to thrive, with the division of Gaming reporting over $3.5 million in wagers for July, a nearly 10% increase compared to the same period in 2024. This positive trend suggests a potentially record-breaking year for the state, according to Division representatives.
the economic benefits of sports betting are clear, providing revenue for Colorado while offering residents a convenient, regulated option to wagering in other states like Nevada. “I think it’s great for Coloradans to have an opportunity to place wagers right here in Colorado,” stated a Division spokesperson, “Rather then having to travel to sister states…Now they have an opportunity right here to play a regulated sports betting operation.”
Though, officials are also keenly aware of the potential for problem gambling. The Colorado Division of Gaming actively promotes safe and responsible practices, working with online operators to provide tools for self-regulation. These include setting wager limits, deposit amounts, and time restrictions, and also options for self-exclusion.Gambling is uniquely recognized by the American Psychological association as a non-substance-related disorder. Experts emphasize the role of targeted advertising, increasingly powered by AI and algorithms, in exacerbating addictive tendencies. A Licensed Professional counselor Candidate explained that these technologies can identify and target individuals predisposed to gambling problems.
Warning signs of problematic gambling behavior include a noticeable impact on mood and overall attitude based on betting outcomes. Individuals experiencing this shoudl recognize it as an indicator of losing control.
Resources are available to Coloradans concerned about their gambling habits. The Division directs individuals to Bet Smart Colorado (https://betsmart.colorado.gov/responsible-gaming-resources) and the 1-800-GAMBLER hotline.
September is designated as Responsible Gaming Education Month by the American gaming Association, furthering the commitment to promoting awareness and responsible practices within the industry. Despite the risks, experts also acknowledge the social benefits of sports betting, noting it’s potential to foster community and connection among fans.