Tipico Sportsbook and the Colorado Office of Economic Development announced Tuesday that Tipico has chosen Colorado as the home of its new technology hub. The sportsbook, one of the largest sports betting companies in the world, expects as many as 441 jobs to be brought to the area over the next eight years.
“We are thrilled to announce, in partnership with Governor (Jared) Polis, our intention to establish a Tipico Sportsbook technology hub in Denver,” said Adrian Vella, Tipico US Chief Executive Officer. “From the world-class universities and collaborative technology community, down to the well-documented high quality of life in the state, every metric during our nation-wide search pointed us right to Colorado. Now that football season is here and our sportsbook is live in the state, we’re confident that the deep pool of technology talent in Colorado will help us take the Tipico brand to the next level in the U.S.”
The added jobs are expected to have an average wage exceeding $96,000. Positions will range from technology roles to marketing, finance and customer service.
“Colorado voters voted to make Colorado one of the first states to legalize sports betting and use the revenue generated to protect our way of life and precious water resources that support our outdoor recreation economy and agricultural community,” said Governor Polis. “This move proves what we already know: Colorado is the best place to live and work and 441 new jobs will be created in Colorado thanks to this voter-driven decision.”
Online sports betting went into effect in Colorado May 1, 2020. Early regulation hs having a positive economic effect with approximately $65,962,159 in tax revenue in the first year of operation.
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