• Loading stock data...
Sunday, August 24, 2025
The biggest names in sports media. All in one room. Buy tickets now!

University of Colorado, PointsBet Ink NCAA Betting Partnership

  • The University of Colorado and PointsBet have a five-year sponsorship agreement.
  • PointsBet recently signed a similar deal with many of Colorado’s professional teams.
University of Colorado, PointsBet Ink First NCAA Betting Partnership
Ron Chenoy-USA TODAY Sports

Editor’s note: This story has been updated to include information regarding other colleges with deals with sports betting operators.

Amid a boom in the sports betting industry thanks to the pandemic, the NCAA has a new gambling partnership. 

The University of Colorado and betting operator PointsBet have signed a five-year, exclusive corporate sponsorship agreement that gives PointsBet signage at Folsom Field.

It will also include gameday promotions and advertising space through the campus event center, and on radio broadcasts and other media channels. The agreement covers the entire gaming category, including free-to-play sports games, daily fantasy sports, casino, online casino, and retail and online sports betting.

While professional sports have been quick to embrace gambling since the federal ban on sports betting was overturned in 2018, the NCAA has remained staunchly opposed over concerns about integrity and athlete wellbeing.

Two schools had previously signed partnerships with a sports betting operator: the University of Nevada, Reno and UNLV, both of whom have a deal with William Hill.

The partnership includes support for the school’s Scripps Leadership and Career Development Program and will “emphasize and create awareness around responsible gaming and sports betting education,” according to a release, which could be an attempt to ease the negative perception of gambling coming to college sports. 

Colorado’s announcement also stresses that the deal comes at a time when college athletic departments nationwide are slashing budgets due to shortfalls resulting from the COVID-19 pandemic, and will provide a welcome boost.

The Pac-12 Conference, of which Colorado is a member, has said it will not play football — which generates $50 million in ticket sales and media rights alone per school, per season — until at least Jan. 1, 2020. 

Athletic Director Rick George told The Denver Post earlier in September that his department is looking at a 2020-21 budget in the “ $60-70 million range,” which is significantly down from its usual spending of about $90 million. 

“We’re thrilled to have PointsBet as a partner and for the benefits this sponsorship will provide for our student-athletes for years to come,” George said in the PointsBet announcement. “We are impressed with their commitment to raising awareness around responsible gaming.  And we’re particularly excited whenever we can partner with sponsors who call Colorado home.”

Detroit Tigers

PointsBet, Circa Sports Taking Different Approaches To Grow Sports Betting Market Share

As the sports betting industry is increasingly becoming crowded with more and…
July 13, 2020

The Australian-based PointsBet recently began construction on a new North American headquarters in downtown Denver, about 30 miles from CU.

It has yet to launch its app in Colorado, though it expects to do so soon.

“As a tech company at heart that is proud to call the state of Colorado home, we are thrilled to announce this partnership as part of our ongoing quest to become synonymous with Colorado sports betting,” PointsBet USA CEO Johnny Aitken said in a release. “Since announcing our plans for a new headquarters in Denver, we’ve consistently stated our desire to work closely with the state’s first-class university system and rich pool of tech talent.  It is an honor to become a partner of the Colorado Buffaloes, where we look forward to bolstering general sports betting knowledge and responsible gaming awareness while recruiting some of the best and brightest minds to help install a foundation for prolonged success.”

Sports betting became legal in Colorado as of May 1, so long as bettors place their wagers with a licensed operator in the state. PointsBet recently inked a similar sponsorship deal with Kroenke Sports & Entertainment to become the official gaming partner of the Denver Nuggets, Colorado Avalanche, Colorado Mammoth & Pepsi Center. The Denver Broncos have signed three sports betting partnerships thus far with BetMGM, Betfred and FanDuel, making it the most active NFL team in that category.

The company also announced a massive five-year deal to become the official sports betting partner of NBC Sports on Aug. 28. PointsBet committed $393 million in marketing to the broadcaster while NBC received a 4.9% equity stake in the betting operator.

PointsBet went public in June 2019 and its stock has risen about 70% since the NBC announcement.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Bill Belichick Tells UNC Football Team Hulu Series Is Happening

FOS reported last month that the Hulu series was nearing finalization.
Jul 13, 2025; Atlanta, GA, USA; MLB Commissioner Rob Manfred announces the pick for the Athletics pick during the MLB Draft at The Coca-Cola Roxy.

MLB Confident New Rights Will Exceed $550M ESPN Deal

MLB would redistribute rights forfeited by ESPN back in February.

Premier League Sets New Highs: $3.2B Spent, Record U.S. Viewership

The league’s transfer spending beats the rest of Europe’s Big Five combined.
Justin Harrington (4) runs drills during an OU football practice in Norman, Okla., on Monday, Aug. 7, 2023.

Federal Courts Lean Toward Striking NCAA JUCO Eligibility Restrictions

A federal judge granted four West Virginia football players eligibility this year.

Featured Today

The Honey Deuce Effect: How Tennis Perfected the Signature Cocktail

Sold every 1.5 seconds, they total more than $12 million in sales.
Dec 21, 2024; Austin, Texas, USA; Texas Longhorns quarterback Arch Manning (16) warms up as the Texas Longhorns prepare to play the Clemson Tigers in the first round of the College Football Playoffs at Darrell K Royal Texas Memorial Stadium.
August 23, 2025

Schools Are Hesitant to Allow PE Into Their Athletic Departments

Regardless of budget, schools don’t believe the risk is worth the reward.
Oct 2, 2024; Rosemont, IL, USA; Big Ten commissioner Tony Petitti speaks with the media during the 2024 Big Ten Women’s Basketball media day at Donald E. Stephens Convention Center.
August 22, 2025

‘Not Ready to Jump In’: Power 4 Commissioners Aren’t Sold on PE

Top leaders in college sports have yet to see a satisfactory proposal.
Nov 23, 2024; Minneapolis, Minnesota, USA; Penn State Nittany Lions head coach James Franklin looks at quarterback Drew Allar (15) during the first quarter against the Minnesota Golden Gophers at Huntington Bank Stadium.
August 22, 2025

Private Equity Enters College Sports—Without the Equity

As college football starts, lending agreements have become PE’s best way in.
Malik Beasley

Malik Beasley Could Still Be Charged in Gambling Probe Despite Feds Dropping..

Beasley’s lawyer is hoping his client can return to the NBA.
Dec 18, 2024; Inglewood, CA, USA; UNLV Rebels defensive back Rashod Tanner (41) celebrates after defeating the California Golden Bears in the LA Bowl at SoFi Stadium.
August 20, 2025

Robinhood Reactivates Sports Contracts in NJ and NV, Sues State Regulators

The suits were filed the same day Robinhood announced new football offerings.
A view of the FanDuel Sportsbook betting area at Belterra Park Cincinnati.
August 20, 2025

FanDuel Enters Prediction Markets, but With No Sports

The company is partnering with derivatives exchange CME Group.
Sponsored

Building A Pro League From Scratch

Front Office Sports and Gainbridge® spotlight what it takes to build a professional women’s soccer league.
Jan 20, 2025; Atlanta, GA, USA; Ohio State Buckeyes running back Quinshon Judkins (1) and quarterback Will Howard (18) celebrate after a touchdown against the Notre Dame Fighting Irish during the second half the CFP National Championship college football game at Mercedes-Benz Stadium.
August 19, 2025

Robinhood to Roll Out Football Prediction Markets

The new event contracts come on the heels of Kalshi’s expanded football offerings.
August 18, 2025

Limitations on Prop Bets Supported by NBA, Players’ Union

The union is trying to combat online and in-person harassment.
Feb 9, 2025; New Orleans, LA, USA; Philadelphia Eagles quarterback Jalen Hurts (1) against the Kansas City Chiefs during Super Bowl LIX at Ceasars Superdome.
exclusive
August 18, 2025

Kalshi Adds Touchdown Props, Over/Unders Amid Legal Uncertainty

The company is not cowed by its legal challenges.
Feb 5, 2025; New Orleans, LA, USA; The ESPN logo at the Super Bowl LIX media center at the Ernest N. Morial Convention Center.
August 15, 2025

New ESPN App to Feature Heavy Betting Integration

The new app launches Aug. 21.