Score Media and Gaming, a division of Canadian media business theScore, is to launch mobile sports betting in Colorado via a new partnership with gaming operator Jacobs Entertainment Inc. (JEI).
Under the deal, agreed with a subsidiary of JEI, Score Media and Gaming will roll out its theScore Bet mobile sports wagering application in the state later this year.
JEI will receive a percentage of revenue derived from theScore Bet’s operations in Colorado – subject to certain annual minimum guaranteed amounts – and an initial upfront fee.
The deal, which is subject to theScore receiving all of the relevant licences and approvals from the Colorado Division of Gaming, will run for an initial term of 10 years, extendable for two successive five-year terms at theScore’s option.
