The latest reports to have come out this week state that sports betting operator, Smarkets, will make use of the deal they have with casino developer and operator, Full House Resorts, in order to offer online sports wagering in Indiana and Colorado. Let’s take a look at the story as a whole.
It has been an interesting last couple of months with Indiana getting sports wagering friendly and operators banking on beginning operations within their borders. Well, Smarkets has become the latest of the crew to want expansion. You can find out more about what goes on in the US gambling market at the latest online gambling news.
Smarkets Pushes for Expansion in Indiana and Colorado
Officially, Smarkets have revealed their plans to operate through their recently launched SBK sportsbook as part of the multi-million-dollar, long-term agreements.
Indiana sports betting legislation became law in May when Governor Eric Holcomb signed the bill, exactly one year after PASPA was overturned by the US Supreme Court.
SBK will be available to players in Indiana to download for iOS and Android in late 2019.
Currently, it is illegal to place online sports wagers in the state of Colorado. However, residents will vote in November to see if the state will be able to offer sports betting. It approved, we could be seeing the state offer online sports betting by Spring 2020.
Another interesting factor is that Smarkets plans to introduce a new betting exchange service. This would be a system in which players are able to bet against each other rather than the bookmaker, as more states implements online sports betting.
Currently, the online operator has processed over £14bn in trading volume through its betting exchange service.
Here’s a few words from Alex Stolyar, Full House Resorts SVP & Chief Development Officer:
“This is a very exciting time for sports betting in Indiana and Colorado and we are delighted to partner with Smarkets.
“The SBK sportsbook platform brings many new innovations to the industry, including a unique social network to heighten the customer experience.”
What do you think about the latest advancement in which Smarkets would expand to both Colorado and Indiana? Let us know your thoughts in the comment section below.