{"id":10442,"date":"2020-02-24T14:31:34","date_gmt":"2020-02-24T14:31:34","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=10442"},"modified":"2020-02-24T14:31:56","modified_gmt":"2020-02-24T14:31:56","slug":"colorados-division-of-gaming-to-approve-all-prop-bet-categories","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/colorados-division-of-gaming-to-approve-all-prop-bet-categories\/","title":{"rendered":"Colorado\u2019s Division of Gaming to Approve All Prop Bet Categories"},"content":{"rendered":"

\"Colorado\"Colorado is expected to launch its legalized sports betting industry on May 1 and sports bettors in the state are eagerly looking forward to place legalized sports bets. The Colorado Limited Gaming Control Commission<\/a> (CLGCC) met last week and confirmed that they will have full control on what prop bets will be allowed once the industry is up and running. <\/p>\n

Prop bets or proposition bets are commonly known as, are wagers on specific players or events in a game, rather than on the game\u2019s ultimate outcome. Examples of a prop bet in the Super Bowl are wagers placed on the team to score first, or who wins the coin toss. Dozens of other prop bets exist across many different gambling markets\u2014determined mainly by the willingness of operators to offer the bets.<\/p>\n

In Colorado, the CLGCC will not only have control on which sports events can be wagered on by gamblers<\/a>, but also on what specific outcomes within the games can be wagered on. The state\u2019s Gaming Enforcement Division<\/strong>, under the Department of Revenue, is tasked with the creation of a registry listing the allowed prop bets which will then be disseminated to all sports betting operators in Colorado.<\/p>\n

FOX31 Denver<\/strong><\/p>\n

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