ClutchBet, an online sportsbook owned by BlueBet Holdings, has announced its official launch in Colorado through a strategic partnership with The Wild Card Saloon & Casino. This marks ClutchBet’s expansion into its second U.S. state, following its successful debut in Iowa in 2022.
Colorado Beckons ClutchBet:
ClutchBet has made its much-anticipated entry into the dynamic Colorado sports betting market, collaborating with The Wild Card Saloon & Casino to offer an exciting sports wagering experience to residents and visitors in the state.
Strategic Expansion:
ClutchBet has chosen Colorado as its second U.S. destination due to the state’s burgeoning sports betting market. The strategic decision stems from ClutchBet’s commitment to offering high-quality sports betting services to U.S. customers.
Local Connection:
ClutchBet has deep roots in Colorado, with its headquarters conveniently located in downtown Denver. This connection makes the Colorado launch all the more special, as the brand returns home with a mission to enhance the sports betting experience for its fellow Coloradans.
Expanding Presence:
With ClutchBet’s Lounges already operational at Gary Dolphins Iron Bar in Dubuque, The Leaderboard Sports Bar in North Liberty, and Vine Tavern and Eatery in Iowa City, the company has been gaining ground in the U.S. sports betting landscape.
BlueBet CEO’s Perspective:
Bill Richmond, CEO of BlueBet Holdings, expressed his excitement about ClutchBet’s launch in Colorado, highlighting the positive response received in the U.S. market. Richmond commended the hard work of the U.S. team and the support from The Wild Card Saloon & Casino, which played a vital role in making this expansion a reality.
Growth Strategy:
Richmond discussed ClutchBet’s “Capital Lite” strategy for entering the U.S. market, emphasizing the value of the company’s scalable proprietary technology platform. This platform enables ClutchBet to expand rapidly in the U.S. while exploring the B2B Sportsbook-as-a-Solution offering, which has garnered interest from potential partners.
Colorado Sports Betting Statistics:
The article highlights Colorado’s sports betting performance, reporting a handle of $425.1 million in February. Although it reflects a decrease of 22.3% compared to January’s $547.2 million, the Gross Gaming Revenue (GGR) increased by 15.3% year-on-year to $22.6 million.
ClutchBet’s entrance into the Colorado sports betting market is an exciting development, signaling the brand’s commitment to offering top-notch sports wagering services in the U.S. As ClutchBet continues its journey across the country, its partnership with The Wild Card Saloon & Casino lays the foundation for a vibrant and competitive presence in the flourishing Colorado market.