Sporttrade Goes Live in Second US State with Colorado Launch

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Philadelphia-based sports betting operator Sporttrade has announced the launch of its sports wagering services in the state of Colorado.

The launch comes after the betting company secured a license from the Colorado Division of Gaming and partnered with GF Gaming, allowing it to go live in the Centennial State and offer sports gambling to its residents.

Rather than functioning as a traditional online sportsbook, Sporttrade operates using an exchange model for players, making the process of wagering more rewarding and engaging. Bettors in Colorado will be able to wager on a variety of markets, including basketball, football, golf, baseball, and hockey.

Related: Sporttrade Launches Its New Jersey Sports Betting Exchange

Today, we're privileged to introduce the Sporttrade experience in Colorado. Our launch today proves that Sporttrade can operate in any jurisdiction with the same great features our customers have come to know us for: instant in-play betting, great prices, awesome liquidity, and the ability to always trade in and out of bets at fair value. As our industry continues to shift focus towards differentiation and product, I'm proud to say that Sporttrade delivers the best in-play experience the world has ever seen.

Alex KaneSporttrade Founder and CEO

A Glimpse into the State's Flourishing Betting Landscape

Colorado makes it the second state Sporttrade will operate in the US. The state was one of the first jurisdictions to legalize sports betting in November 2019 and online sportsbooks in May 2020. Since then, the Colorado betting market has grown exponentially. In 2020, the state recorded over $1 billion in sports betting handle.

Related: Colorado Governor Rejects Casino Credit Bill Citing Ethical Concerns

In the June 2023 report released by the state’s Department of Revenue, the retail and online sports books in the state accepted $310.6 million in wagers, which is even a 19% monthly decline and a 0.83% decrease compared to its June 2022 handle of $313.2 million.

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