• Loading stock data...
Wednesday, April 23, 2025

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

Fordham

Fordham Hit With Rare NIL Era NCAA Sanctions

The Rams were hit with recruiting violations stemming from a Times Square photo shoot.
Apr 22, 2025; Los Angeles, California, USA; Los Angeles Lakers guard Luka Doncic (77) shoots the ball over Minnesota Timberwolves forward Julius Randle (30) during the third quarter of game two of first round for the 2024 NBA Playoffs at Crypto.com Arena.

Kalshi’s Offensive Blitz Continues With Suit Against Maryland

Kalshi previously sued regulators in Nevada and New Jersey.
Mar 20, 2025; Providence, RI, USA; McNeese State Cowboys guard Quadir Copeland (11) brings the ball up court against Clemson Tigers forward Ian Schieffelin (4) during the second half at Amica Mutual Pavilion.

Why College Players Without NCAA Eligibility Are Flooding the Transfer Portal

Athletes nationwide hope legal challenges will win them extra eligibility.
The sun rises behind the New York skyline seen from the Jersey City waterfront on Thursday morning Dec. 10, 2020.

N.Y. Sports Betting Faces Major Limits Under New Proposal

Newly proposed legislation would impose daily betting caps and limit advertising.

Featured Today

Apr 5, 2025; San Antonio, TX, USA; Duke Blue Devils forward Cooper Flagg (2) reacts after a three point basket against the Houston Cougars during the first half in the semifinals of the men's Final Four of the 2025 NCAA Tournament at the Alamodome.

Cooper Flagg’s Timing Is Perfect for the NBA and USA Basketball

The projected No. 1 pick just declared for the draft.
Apr 14, 2025; New York, New York, USA; Paige Bueckers is interviewed by ESPN after being selected with the number one overall pick to the Dallas Wings in the 2025 WNBA Draft at The Shed at Hudson Yards
April 21, 2025

ESPN’s WNBA Coverage Mirrors the League’s Stunning Growth

“I don’t think we stand still in our coverage of women’s sports,” says Rowe.
Mar 16, 2025; Milwaukee, Wisconsin, USA; Oklahoma City Thunder guard Shai Gilgeous-Alexander (2) celebrates with guard Isaiah Joe (11) after score in the fourth quarter against the Milwaukee Bucks at Fiserv Forum.
April 20, 2025

Unorthodox OKC: The Thunder Redefined Tanking to Become NBA’s Best

A rebuild years in the making has OKC in the driver’s seat.
Mar 13, 2020; Augusta, GA, USA; The front entrance at Augusta National Golf Club in Augusta, Ga., Friday morning. The Masters Tournament has been postponed due to coronavirus concerns.
opinion
April 20, 2025

What’s It Like to Play Augusta? A Day on the World’s Most..

Inside a round at the most exclusive club in the world.

Sports Prediction Markets Still Face Legal Roadblocks

The Wire Act and tribal sovereignty could be the next legal battlegrounds.
Sports gambling reached an all-time high in 2022.
April 9, 2025

Kalshi Gears Up for Legal Fight With States

Maryland followed at least five other states that have sent cease-and-desist letters.
April 14, 2025

Bank Says Sports Betting Could Weather Tariff Storm

Lower tax revenues could encourage more states to legalize sports betting.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

This week, Two-time Super Bowl Champion and CBS NFL analyst Logan Ryan joins us to talk the business of sports on our third installment of Portfolio Players.
Potawatomi Sports Book patrons the University of Wisconsin men play UCLA on Friday, March 14, 2025. The venue is open for the first time during March Madness and is expecting to be busy over the next few weeks in Milwaukee.
April 8, 2025

Kalshi Notches Legal Win in Fight With Nevada

Kalshi can keep offering its sports event contracts in Nevada—for now.
Potawatomi Sportsbook patrons watch the University of Wisconsin men play UCLA on Friday, March 14, 2025. The venue is open for the first time during March Madness and is expecting to be busy over the next few weeks in Milwaukee.
April 4, 2025

All Signs Point to Trump Admin OK’ing Kalshi’s Sports Contracts

The federal government appears ready to approve Kalshi’s sports event contracts.
April 3, 2025

Baltimore Sues DraftKings, FanDuel Over ‘Exploiting’ Gambling Addicts

The suit cites steps the companies took in the U.K.
Mar 27, 2025; Newark, NJ, USA; A view of March Madness signage and the court before an East Regional semifinal of the 2025 NCAA tournament between the Alabama Crimson Tide and the Brigham Young Cougars at Prudential Center.
March 28, 2025

Kalshi Sues After Robinhood Takes Down New Jersey March Madness Markets

New Jersey regulators sent a cease-and-desist letter.