Colorado LGCC Approves Series Of Sports Betting License Renewal Fees

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The Colorado Limited Gaming Control Commission approved a series of sports betting license renewal fees on Thursday, ahead of the Division of Gaming’s plans in April to reevaluate license fee structuring for the upcoming fiscal year.

At Thursday’s monthly LGCC meeting, the commission approved five sports betting-related licensing fee renewals for the remainder of the fiscal year, including Sports Betting Operator and Internet Sports Betting Operator license fees. Last April, the LGCC set initial operator fees for Fiscal Year 2020-21 at $54,000 per internet operator and $12,500 per retail sportsbook. The motion on license renewal fees for the remainder of the fiscal year carried unanimously.

“The Retail Gaming license required to issue a Master license will suffice for most of the background review requirements to issue the Master license,” Colorado Division of Gaming Director Dan Hartman wrote in a memo. “This decreases the estimated hours to complete processing of the Master License application. Therefore, the Division proposes the Master License renewal fee at $250 per license.

“The Division does not propose changes to any other license fee at this time and to stay consistent, the renewal license fee will remain the same for Sports Betting Operator, Internet Sports Betting Operator, Vendor Major, and Vendor Minor [licenses],” Hartman added.

License fee renewal schedule for renewals: 

  • Master: $250
  • Sports Betting Operator: $1,200
  • Internet Sports Betting Operator: $1,200
  • Vendor Major: $1,200
  • Vendor Minor: $350

In 2020, all 33 of the state’s licensed casinos applied for and received a Master License during the eight months of legalized sports betting in Colorado.

License suspension of alleged U.S. Capitol protester

The LGCC also approved the summary suspension of the support license for Robert Dean Gieswein, a resident of Woodland Park. Gieswein, 24, was indicted on Jan. 28 in connection with the U.S. Capitol protests last month.

Gieswein faces prosecution on several felony charges due to his involvement in the Jan. 6 insurrection. Gieswein allegedly assaulted at least three law enforcement officer while carrying a baseball bat. Television footage also captured Gieswein spraying officers with a canister of an unknown substance, Colorado Senior Assistant Attorney General Ceri Williams noted at Thursday’s hearing. Gieswein additionally entered the Capitol through a broken window, Williams said.

The charges against Gieswein include felony assault against an officer, destruction of government property, obstruction of an official proceeding, and disorderly conduct. The charges statutorily disqualify Gieswein from holding a gaming license. Gieswein’s involvement in the casino industry is unclear.

Other actions

Also on Thursday, the LGCC approved amendments to a handful of gaming rules associated with Amendment 77. In the November election, voters approved the referendum that allows casinos in three towns — Black Hawk, Central City and Cripple Creek — to raise maximum single-bet limits to any amount. Subsequently, the Colorado Secretary of State certified the passage of Amendment 77 in early December. In turn, the Division of Gaming proposed rule changes for a litany of casino games to allow for new bet limits.

Existing rules impacted by Thursday’s approved amendments:

  • Rule 8: Rules for Blackjack
  • Rule 10: Rules for Poker
  • Rule 12: Gaming Devices and Equipment
  • Rule 16: Accounting Regulation
  • Rule 21: Blackjack-Poker combination games
  • Rule 23: Craps

In addition, the commission approved amendments to craft new rules in an effort to legalize four new casino games including Pai Gow Poker and Baccarat. The LGCC also approved more than a dozen sports betting-related licenses on Thursday, including the Vendor Minor License of CBS Interactive Inc. Last February, CBS Sports and William Hill US announced a partnership that designated William Hill as the official sportsbook and wagering data platform across all CBS Sports platforms.

Other Vendor Minor Licenses approved on Thursday:

  • US Bettor LLC
  • Ocean Media LLC
  • Tarlogic Security SL INC
  • KaFe Rocks USA Ltd
  • Akeyless Security Ltd
  • Monterizo Ltd

The LGCC’s next meeting is scheduled for March 18.

Matt is a veteran writer with a specific focus on the emerging sports gambling market. During Matt's two decade career in journalism, he has written for the New York Times, Forbes, The Guardian, Reuters and CBSSports.com among others. In his spare time, Matt is an avid reader, a weekend tennis player and a frequent embarrassment to the sport of running.

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