Legal Colorado Sports Betting
There’s was always some confusion as to what constitutes legal Colorado sports betting, as the state’s gambling laws – though reasonably detailed and comprehensive – were not as specific as many observers would have liked them to be. But the lack of details is what allowed sports betting in Colorado to be active for so many years. The state is home to a bustling casino industry and has several noteworthy professional sports teams, so residents’ interest in legal sports betting has only grown over the years. That was a major factor in voters giving their approval of state-regulated sports betting in November 2019.
On this guide, we will tell you about what options bettors in Colorado have available to them. By reading this guide, you will be able to get a better understanding of legal Colorado sports betting and be able to make informed decisions about what you can or cannot do. This page will also inform you about what laws are in place and what laws were created that changed sports betting in Colorado. By the end of reading this page, bettors in Colorado can make an informed decision on how to bet and be aware of the laws surrounding legal sports betting in Colorado.
Is Land Based Sports Betting Legal In Colorado?
After the passage of H.B. 1327 in November 2019, land-based sports betting is now legal in Colorado. There are still not retail sportsbooks that have opened in the state, but they are scheduled to launch in early-to-mid 2020. The first Colorado sportsbooks were slated to open on May 1, 2020, but that date has been pushed back indefinitely in response to the Coronavirus outbreak. Sports betting venues will be limited to the casinos of the state’s three major gambling towns: Black Hawk, Cripple Creek, and Central City. Casino operators in those towns will have the ability to partner with whatever sports betting provider they’d like and begin to offer their own books then. This means that land-based sportsbooks will be allowed to offer supplementary online betting options for players with no requirement for players to register in-person.
Is Online Sports Betting Legal In Colorado?
Yes, online sports betting in Colorado is fully legal and regulated. Sports bettors in the state need to be 21 years old in order to participate in internet and mobile state sanctioned applications. Mobile gambling on sporting events in the Centennial State launched on March 1, 2020, with four online sportsbooks opening to Colorado players. All Colorado casinos will also be eligible for an online sports betting license, meaning there could be dozens of online sports betting operators once the industry is fully realized.
Where To Bet On Sports In Colorado?
There are now four online sportsbooks open in Colorado. Additionally, there are 33 casinos in Colorado that are eligible to attain sports betting licenses. Most will likely wait until casinos are able to safely reopen in the state. Online sports betting is always the most convenient option, whether it is through a state-licensed online sportsbook or an international one, but some people prefer a brick-and-mortar sports betting experience. Colorado’s casinos are all clustered in three cities, so these cities will likely become sports betting hubs.
Potential Cities With Colorado Sportsbooks
- Cripple Creek
- Central City
- Black Hawk
Colorado Sports Betting Revenue and Taxes
Colorado sportsbooks got off to the fastest start of any state in terms of sports betting revenue. After launching on May 1, Colorado’s licensed sportsbooks recorded $25.5 million in revenue in their first month of operation. For reference, that is more than the combined revenue totals of New Jersey, Nevada, and Pennsylvania in April. If this proves to be more than an aberration, Colorado could become a new sports betting capital of the United States. These sports betting revenues will be taxed at a flat 10%, with most of the money earmarked to state funds for historical preservation and for protecting bettors against financial losses. Sports betting revenue projections for Colorado were optimistic already, but the state’s first month has already blown those projections out of the water.
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Colorado Sports Betting And Gambling Laws
Home to a large selection of both commercial and tribal casinos, Colorado has gambling options for almost everyone. That wasn’t always the case, as the Limited Gaming Act set restrictive ceilings on things like how much real money betting gamblers could wager, what games they could and couldn’t play, and even how long casinos could stay open each day. Colorado voters had enough and approved Amendment 50, which added craps and roulette gaming to the state, increased the maximum poker, blackjack, and slots wagers to $100 (previously $5), and allowed gaming facilities operate 24 hours a day. Commercial Colorado casinos are only permitted in the towns of Black Hawk, Central City, and Cripple Creek.
CO HB19-1327 was passed through the state legislature in early 2019, and on November 5, 2019. This bill allows Colorado casinos, which are clustered in three towns, to offer both land-based sportsbooks and statewide mobile sports betting apps. While COVID-19 has the delayed the launch of land-based sports betting in Colorado, online sportsbooks accepted their first Colorado wagers on May 1, 2020. Every casino in the state will be eligible to offer both a retail sportsbook and an online sportsbook, so once the state can finally fully reopen, there could be dozens of options for Colorado sports bettors.
What Teams Can I Bet On?
|Air Force Falcons (NCAA)||Colorado Avalanche (NHL)||Colorado Buffaloes (NCAA)|
|Colorado Mammoth (NLL)||Colorado Rapids (MLS)||Colorado Rockies (MLB)|
|Colorado State Rams (NCAA)||Denver Nuggets (NBA)||Denver Outlaws (MLL)|
|Denver Pioneers (NCAA)||Northern Colorado Bears (NCAA)|
Horse Racing Betting In Colorado
The Colorado horse racing betting circuit has had a tumultuous history, with most of its courses going out of business over the last several decades. Indeed, only Arapahoe Park in Aurora is still in business. The track offers onsite and off-site pari-mutuel betting as well as nationwide simulcasts. Although this is true, going out to the horse track and waiting in line to place bets can be tedious. The easier and recommended way to place bets on the races is to go online and find a reliable racebook. At a site like 5Dimes, you can place all different kinds of bets on the races and watch the races from your own home instead of having to go out.
Daily Fantasy Sports In Colorado
Daily fantasy sports, or DFS, was legalized in Colorado when Governor John Hickenlooper signed CO HB1404 into law. Supported by popular DFS operators DraftKings and FanDuel, the legislation provides users with various consumer protections and data security measures, prohibits fantasy gaming on collegiate and amateur athletics, and enforces a minimum user age of 18. Fantasy sports in Colorado has been going strong ever since, and it shows no signs of slowing down. As one of the first states to officially adopt DFS laws, Colorado provides a strong model of success and is helping to pave the way for more states to legalize daily fantasy sports. Thanks to this effort, players can go to FanDuel and DraftKings and take part in a large number of online competitions across different sports, like basketball and golf. Fans can also take part in private matches and keep the competition between friends.
Colorado Sports Betting Sites
Colorado launched its sports betting industry on May 1, 2020 with four online sportsbooks. More providers are certain to enter the Colorado market in the coming weeks and months, as the state’s sports betting laws are some of the friendliest in the country for betting firms. There are 33 casinos in Colorado, and all of them are eligible to offer both retail and online sports betting, so many will likely look to partner with major national or international sports betting firms to help establish their online sportsbooks. For now, the available online sportsbooks in Colorado are:
One of the biggest brands in American sports betting, BetRivers offers full-service sports betting on all major American sports.
DraftKings has evolved from a giant of the daily fantasy sports industry into a multi-faceted sports wagering platform. The company’s brand recognition has allowed it to quickly become one of the country’s top online sportsbooks.
BetMGM is owned by MGM Resorts, the company behind the MGM Grand in Las Vegas. They offer full, Las Vegas-style sports betting to patrons.
Like DraftKings, FanDuel used its name recognition as a daily fantasy giant to launch one of the most popular multi-state online sportsbooks in the country.
Mobile Sports Betting In Colorado
Mobile sports betting in the state of Colorado was legalized in November 2019 via a voter referendum. The first mobile sportsbooks launched on May 1, 2020 and will accept wagers from all players physically located within the state of Colorado. Additionally, mobile sports betting through international online sportsbooks remains legal and often offers a better overall experience than less developed domestic sportsbooks. International sportsbooks can’t offer downloadable apps in American app stores, but the major providers all invest heavily in optimized mobile sites so that players can access all their sports betting features and options using a smartphone or tablet. Many Colorado residents have been using these international sportsbooks for years.
Colorado Mobile Sports Betting Apps
Colorado mobile sports betting apps launched on May 1, 2020. The first four available mobile betting apps are all from major national providers with years of sports betting experience. Many more casinos and operators will likely launch their own apps in the next 12 to 18 months as well. International online sportsbooks are also available, and players should always check with at least one international sportsbook to ensure that they are getting the longest possible odds on their bet. Joining is easy and free and once you’re a member, you can easily access all betting features from the palm of your hand.
Legal Colorado Sports Betting FAQs
Can I Bet Real Money On Sports In Colorado?
Yes, both retail and online sports betting with real money are now legal in Colorado. Online sportsbooks generally take Visa, Mastercard, personal check, and Bitcoin for deposits. Withdrawals can be trickier with international sportsbooks, as archaic federal laws prevent banks from directly receiving money from international gambling sites, so Bitcoin is the recommended currency for most players.
Is Online Sports Betting Safe In Colorado?
Yes, online sports betting is safe in Colorado, whether you are using a state-licensed online sportsbook or an international one. International sportsbooks in particular invest heavily in data security. Even a single security breach can do irreparable damage to a company’s reputation, so they place the utmost importance on consumer security through encryption, 24/7 customer support, and many other features.
Will Sports Betting In Colorado Ever Be Legal?
Yes, sports betting was legalized in Colorado in November 2019 and the first bets were placed on May 1, 2020. Both retail and online sports betting are legal, and there could be as many as several dozen state-licensed sports betting providers once the industry fully launches. Mobile betting will also be available from anywhere within Colorado’s borders.
Will I Get Arrested For Sports Betting In Colorado?
To put your worries to rest, no you will not get arrested for sports betting in Colorado. If you use the online offshore websites we often recommend, there are no laws being broken so there is almost no chance of you getting arrested.
What Is the Sports Betting Age In Colorado?
The legal age to bet on sports in Colorado is 21+. This falls directly in line with the legal betting age you have to be to enjoy any casino games in the states. Since it is the casinos that will offer the activity, it only makes sense for the age requirement to stay the same. If you plan on using an online offshore sportsbook and the age requirement is only 18+, we recommend you wait until you are 21 in order to avoid any trouble.
Are There Mobile Sports Betting Apps Available In Colorado?
There are now four legal sports betting apps available in Colorado, all from major nationwide companies. These apps are excellent, but the breadth of their sports betting options is limited compared to international online sportsbooks, which are also accessible via mobile devices. All features available on a desktop site should also be accessible via a mobile device.
Where Is The Best Place To Bet On Sports In Colorado?
Until Colorado casinos can reopen and launch their first retail sportsbooks, Coloradoans can only bet online. Both domestic and international online sportsbooks offer a great betting experience. It is recommended that players create accounts with multiple online sportsbooks to shop lines and ensure that they receive an optimal payout on a winning bet.
Should I Use A Local Bookie In Colorado?
While Colorado law might be a bit muddy on Internet-based sports betting, it is absolutely clear when it comes to using an illicit sportsbook. If you go through an illegally-operating bookie, there’s a good chance that he or she will run into trouble with the law. As long as you use offshore online sportsbooks, you are not violating any laws.
Do Any Casinos In Colorado Have Sports Betting?
There is no legal sports betting available in Colorado at any commercial casino in the state just yet. So if you’re itching to put some money on local sports teams, you’ll have to get on the Internet and head over to one of the online sportsbooks listed above. It could take a long time for casinos to be able to safely reopen in the state.
Can I Bet On Sports With My Friends In Colorado?
Social gambling is defined in CRS § 18-10-101, and it is exempted from Colorado’s laws governing gambling. You are free to bet on sports with your friends in Colorado provided the situation meets two basic standards:
First, you must have a “bonafide social relationship” with all other bettors involved. That means that they actually have to be your friend(s) in some capacity outside of the gambling context. The second criterion is that nobody can be involved directly or indirectly in so-called “professional gambling,” which just means that nobody can act as the house and take a rake off the total wagers. If your group meets these qualifications, you are free to gamble on whatever games, teams, or players you wish.
When Will Sports Betting Become Legal In Colorado?
Sports betting has already become legal in Colorado. Lawmakers in the state have successfully passed CO HB 19-1372 which legalizes sports betting. Governor Jared Polis later signed the bill. A few months later Colorado voters voted to approve it by a thin margin. This bill was officially enacted on May 1, 2020, and the first bets were cast the same day.
How Many Sportsbooks Are In Colorado?
For the time being, there are only four licensed online sportsbooks in Colorado, although there are 33 casinos that are eligible for a sports betting license. COVID-19 has prohibited land-based sports betting launches. There are also numerous international online sportsbooks available.