PandaScore has obtained a betting license to operate in Colorado. In a US state, it’s the eSports first license of the data provider.
Flavien Guillocheau, PandaScore CEO said that for esports to succeed in the US, suppliers must lead from the front. Suppliers need to address the uncertainty around regulation which has held back operator investment and thus growth of the vertical. They’ve proven they know the market, get a license efficiently and do it in a way that puts operators first.
He added that they’re confident that if their clients are seeking entry into a given market, they can be completely straight with them, show then viable pathway to success, and create the foundation and access they need to fully harness the potential of esports in one of its biggest consumer markets.
Alexis Brunet, legal counsel of PandaScore added that securing the Colorado license is a strong signal of their intentions in the US and are serious about its potential. Esports in the United States is a fast-evolving regulatory environment, but it’s only going in one direction: expansion. They intend to provide their best-in-class products and services to their customers no matter where they are, and service one of the largest markets in the world.
In May, sports betting revenue in Colorado was $45 million. This is up 43.3 per cent compared to the same month in the past year. Almost all revenue came from online betting, with retail betting accounting for just $20,381 at 0.05 per cent.
The handle amounted to $447.6 million. This is down 12 per cent from April and 16.2 per cent higher than the past year. Some $446 million was bet online and $1.6 million at retail locations. Basketball was the most popular sport, it draws $147.5 million in bets. Baseball bets totaled $92.3 million, tennis $25.5 million, and ice hockey $24.2 million.
