Written by :
Published on :
Here you will find all the latest news pertaining to the newest sportsbook in town, ClutchBet.com. It operates out of Colorado in conjunction with The Wild Card Saloon & Casino with its parent company BlueBet Holdings. The ClutchBet website is also operated out of Iowa for those looking to travel or relocate to the Hawkeye State.
The tax you will have to pay betting with a Colorado sports betting app is 4.63 percent state and around 25 percent federal.
Iowans must report all winnings on federal tax returns at a 24% tax rate. Winnings that exceed $600 must be reported to the state and taxed at 5%.
ClutchBet Launches in Colorado
(April 27, 2023) - The ClutchBet mobile online sportsbook has announced its launch via a partnership with The Wild Card Saloon & Casino, located in Black Hawk, Colorado. ClutchBet becomes the 25th regulated app to offer sports betting in the great state of Colorado with its population of just shy of 6 million.
ClutchBet currently offers $1000 in free bets and claims that residents can set up an online wagering account in under 2 minutes.
The company is owned by BlueBet Holdings.
On the retail side of things, ClutchBet Lounges are open at Gary Dolphins Iron Bar, in Dubuque, The Leaderboard Sports Bar, in North Liberty, and Vine Tavern and Eatery, in Iowa City.
BlueBet chief executive officer, Bill Richmond, said: “We are excited to go live in Colorado, our second US state. It’s a homecoming for us, with ClutchBet’s headquarters located in downtown Denver. We’re really pleased with our progress in the US, as we move towards the next stage of our “Capital Lite” US market entry strategy.
“Our US team has worked hard to deliver a memorable betting experience for our US customers, who have responded strongly to our differentiated brand, with initial uptake very encouraging. The multijurisdictional capability of our scalable proprietary technology platform enables us to expand faster in the US and to progress our B2B Sportsbook-as-a-Solution offer, which is attracting interest from potential partners. I would like to congratulate and thank The Wild Card Saloon & Casino, our valued partners in Colorado, and the BlueBet team, who made this moment possible.”
Avalanche Promos
The reigning champion Colorado Avalanche advanced into the Stanley Cup playoffs once again in 2023 with ClutchBet focusing on Avalanche specials that included period price boosts of a quarter and insurance - any spread bet up to $50.
Paysafe Partners With ClutchBet to Process Payments in Iowa
(September 8, 2022) - Paysafe has linked with ClutchBet as the BlueBet US-facing brand launched its mobile app in Iowa.
Under the provisions of the deal, Paysafe will deploy revamped Skrill USA digital wallet and its e-cash solution, Paysafecash, to enable online payments for ClutchBet’s Iowa sportsbook.
The first installment of a multi-year partnership, ClutchBet’s cashier now features the SkrillUSA wallet which allows players to make deposits to their accounts in just seconds after it launched last month in time for the beginning of the NFL season.
Zak Cutler, President of Global Gaming at Paysafe, said: “We’re delighted to support BlueBet USA, Inc.’s entry into the States with the new ClutchBet brand, starting in Iowa, an igaming market where we have significant experience.
“We share ClutchBet’s player-centric approach and look forward to ensuring the brand’s customers, including VIP players, enjoy a fast and frictionless payments experience whether wagering with our Skrill wallet or Paysafecash.”
- Ean Lamb, Gambling911.com
