Handicapping those next in line for sports betting license approval Matt Rybaltowski, CentennialBets · March 2, 2020 at 12:08 am As Colorado prepares for a May 1 launch of legalized sports betting, the nascent market is being compared favorably to a similar model adopted by New Jersey shortly after the repeal of PASPA two years ago. Within months in 2018, more than a dozen sportsbooks opened shop in the Garden State in an effort to capitalize on the long-popular, newly legal form of gambling. By comparison, the Colorado Limited Gaming Control Commission (LGCC) has plans to award as many as 33 licenses to operate retail and online sportsbooks throughout the Centennial State. As of Feb. 27, the Colorado Department of Revenue’s Division of Gaming received 60 license applications since the passage of Proposition DD in November, a division spokesperson told Centennial Bets. How you run and finish a race matters, but first you have to get a spot in the starting gate.