PointsBet, University of Colorado Call Time on $1.6m Deal Three Years Early

  • PointsBet and the University of Colorado have pulled the plug on their first-of-its-kind deal
  • Gambling sponsorships between betting firms and colleges are under scrutiny
  • University sources allege the AGA’s new ruling didn’t prompt it to axe the partnership
University of Colorado
Amid intense scrutiny of relationships between gambling firms and colleges, the University of Colorado and PointsBet have decided to part ways three years prematurely. [Image: Shutterstock.com]

The US’s first ever college athletics program and sportsbook partnership is no more. A joint statement by the University of Colorado and PointsBet on Wednesday revealed the pair have amicably agreed to terminate their $1.6m partnership three years early.

regulatory pressure ramping up on sports betting marketing

The move comes with regulatory pressure ramping up on sports betting marketing in the US, particularly to those underage. New York, Pennsylvania, and Connecticut all agreed to implement new rules to clamp down on this activity. Meanwhile, the American Gaming Association (AGA) confirmed a responsible marketing code update on Tuesday, bringing a halt to any new college/sportsbook partnerships for its members.

Despite this, Boulder Daily Camera cited a BuffZone source as saying the Uni’s decision to cut ties with the sportsbook was not AGA linked. The split nevertheless ends a five-year deal that began with the 2021-22 season when PointsBet made history by signing the first ever betting deal with a major NCAA Division-I athletics program.

PointsBet will now need to stop any traditional or digital university-linked or sited advertising, having long since discontinued its controversial $30-per-activation sign-up incentive for the university.

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