Sports betting operator Smarkets has signed contracts to enter into a multi-million-dollar, long-term partnership with casino developer and operator Full House Resorts to offer online sports wagering in Indiana and Colorado.

The Indiana sports betting legislation became law after Governor Eric Holcomb signed the measure in May of this year, exactly one year after the US Supreme Court's decision to strike down the federal law restricting American sports betting.

Meanwhile, Colorado residents will vote this November to ratify sports betting bill, HB 19-1327. If approved, online sports wagering could be available in the Centennial State by Spring 2020.

With these initial agreements to enter the US market, Smarkets, which is headquartered in the UK and has offices in Los Angeles and Malta, plans to initially operate its recently launched SBK sportsbook.

Smarkets CEO and founder Jason Trost said: "This is a landmark day for Smarkets. As an American myself, I'm thrilled to bring our world-leading technology to Indiana and Colorado, as well as more states across the country.

"I truly believe that an agile company like ours can make a huge impact against some of the bigger players thanks to our superior technology and focus on providing the best prices."

SBK will be available for customers in Indiana to download for iOS and Android in late 2019.