Tipico to build US technology hub in Colorado

Tipico has pledged to generate up to 441 jobs in the US over the next eight years after selecting Colorado as the location for its new technology hub.

The new hub will host a variety of technology roles in areas like software development, cloud infrastructure, native and mobile app development, product management and data engineering.

Operations, marketing, finance and customer service positions will also be up for grabs, while the roles are expected to generate an average annual salary of $96,315.

German sports betting giant Tipico currently owns a 42-person office in Hoboken, New Jersey. The company decided to build its new tech hub in Colorado ahead of competing states North Carolina, Georgia and Texas.

Colorado first launched online and retail sports betting on 1 May 2020.

Colorado Governor Jared Polis said: “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.”

In August, Tipico was given the green light by the Colorado Division of Gaming to launch mobile sports betting operations in the Centennial State in partnership with Century Casinos.

“We are thrilled to announce, in partnership with Governor Polis, our intention to establish a Tipico Sportsbook technology hub in Denver,” said Tipico US CEO Adrian Vella.

“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 nationwide 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 US,” he added.

Colorado collected $6.6m in tax revenue from sports betting during its first full year of operation. Centennial State bettors staked $2.34bn in year one, resulting in $147.3m of operator revenue.