In a key step to paving the way for the SuperBook’s annual SuperContest to expand into Colorado, the Dept. of Gaming is considering several sports betting rule changes that would allow for the popular Nevada-only contest. The SuperContest, for which bettors pay a $1,500 entry fee, pits entrants against one another to earn points for picking NFL game winners throughout the season. The Nevada version of the contest will pay out 100 winners for the 2020 season, and last year’s winner took home $1.47 million.
SuperBook, which has plans to expand into Colorado, hopes to make Colorado the first place outside of Nevada that the contest will be offered. SuperBook could offer a second-half-of-the-season SuperContest in Colorado, if the rule changes are approved. The company has not yet launched its retail or mobile platforms and is partnered with The Lodge Casino in Black Hawk.
At first, the entry fee for the SuperContest in Colorado will be $500, SuperBook Executive VP of Operations Jay Kornegay told CoBets, in order to familiarize Colorado bettors with the pool.
Hoping for mid-season SuperContest Reboot in Colorado this year.
— Jay Kornegay (@JayKornegay) August 21, 2020
Colorado’s Dept. of Gaming is considering several rule changes, including the addition of new sports betting terms, increasing the monetary limit on dispute claims, and clarifying the section on contests and weekly picks. The public comment period closes on Friday, and the Limited Gaming Control Commission will likely vote on the changes at its next meeting, set for Oct. 15.
The changes will help smooth the process for operators to offer contests and or weekly picks like the SuperContest, and it’s possible that the LGCC will also entertain ideas for new language on “contests” at its next meeting, as well.
List of proposed changes
Rule 1, General Rules and Regulations
Among others, definitions for the following words would be added: Card, pool, prize pool, rake, rake adjustment, and shared liquidity pool. A “card,” is defined as a list of events from which a patron can make “selections for a given pool,” and a “pool” is a “betting or promotional offering where patrons may make selections of outcomes on a set number of sports events on a card in order to enter for a chance to win all or a portion of a prize pool.”
Rule 4, Rights and Duties of Licensees
30-417, Patron Disputes
The proposed change is to increase from $250 to $1,250 the minimum amount of a dispute between a customer and operator before the customer can take the issue to the Division of Gaming.
Rule 6, Rights and Duties of Licensees
6.2, Contests and weekly picks
The existing section would be completely struck and replaced with new guidelines that reflect the new definitions and would allow for additional promotions and prohibit the use of proxies.
In Nevada, players can use proxies, but must appear in person with their proxy to register for a contest.